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Message #1782
Saturday, July 15, 2006
WEALTHY:
The opportunity behind the tanking market
HEALTHY:
My "12 Days of Christmas" (Michael
Masterson)
WISE:
Vince Lombardi on teamwork
ALSO
IN THIS ISSUE:
Why "command
and control" no longer works (Brian Tracy)
Your
local library meets Netflix
Add "inimical" to
your vocabulary
You
Deserve Answers…And Now You're Going to Get Them
If
you haven't gained the wealth you crave, you need to do something
differently.
Why? Because all change, all progress begins with a single
decision, a single action.
Are you ready to seize the final piece of the puzzle? The
missing ingredient to coast you all the way to financial
freedom? You deserve answers and now you're going to get
them.
In just 30 days from today your life could be in an entirely
different place. Don't
delay.
– Charlie Byrne
By
Charles Delvalle
All
my friends are unhappy because the market has wiped out a
whole year's worth of gains. Many people are putting the
blame for the market's slip squarely on the prospect of rising
inflation. But it is not inflation itself but the government's
battle with inflation that is spooking the market.
You
see, when inflation is the Fed's focus, they raise interest
rates to slow growth. And what comes with slow growth? Slowing
corporate profits.
The
market is simply adjusting to future earnings expectations
in a slowing economy. Of course, rising interest rates are
in the mix too, putting the brakes on economic growth. But
runaway inflation would be even more damaging to the economy.
It's a pick-your-poison situation. With or without the Fed
raising bank rates, the economy was going to suffer.
The
good news is that you get to cherry-pick some awesome companies
that are now available at low prices. I've said it before:
The best time to buy is when everybody is selling. Peruse
your choices and get ready to watch your portfolio climb.
[Ed.
Note: Charles Delvalle is the Managing Editor of ETR's Money
Insight newsletter
The
Quotable Mr. Franklin: On the Damage of Monetary Inflation
...
"Paper
money in moderate quantities has been found beneficial; but
when more than the occasions of commerce require, it depreciates
and is mischievous and the populous are apt to demand more
than is necessary."
(Source: The
Compleated Autobiography, by Benjamin Franklin,
compiled and edited by Mark Skousen)
"Individual
commitment to a group effort - that is what makes a
team work, a company work, a society work, a civilization
work."
-Vince
Lombardi
Working
Well With Others
By Brian Tracy
A 20-year study at Stanford University examined the career
paths of thousands of executives to determine the qualities
they had developed that enabled them to move ahead rapidly.
Researchers concluded that there were two primary skills that
were indispensable for men and women who were promoted to positions
of great responsibility.
The first was the ability to function well in a crisis. It
was the ability of the executive to keep his or her cool when
the company or the department faced serious challenges or setbacks.
It was the ability to calmly analyze the facts, gather information,
reach conclusions, make decisions, and then mobilize other
people to respond effectively and solve the problem.
The second skill these fast-trackers had developed was the
ability to use their knowledge and talents to contribute to
the success of a group of people in accomplishing a specific,
common goal. In other words, they knew how to function well
as a member of a team.
In this sense, you and your spouse are a team. When you volunteer
in any charitable organization, all the people you work with
are members of a team. If you have a social circle and you
plan activities together, you are functioning as a team. And,
of course, you and your coworkers make up a team.
Over the last few decades, the concept of teamwork in business
has been evolving.
We
came out of World War II with a strict "command and
control" mentality. Most of the heads of American corporations,
large and small, had been military officers, of various ranks,
during the war. They brought their training into the workplace.
Their approach to management was the pyramid style, with
the president at the top, the senior executives below him,
the junior executives below them, and so on - all the way
down to the workers and support staff who made up the base
of the pyramid. The orders traveled in one direction: downward.
Information filtered up slowly. People were expected to do
their job, collect their paycheck, and be satisfied.
However,
with the advent of the computer age and, thus, the increasing
complexity of even the smallest business operation, this
management approach is changing. Just about every employee
now has critical skills and knowledge that contribute to
the overall success of a business.
For
example, in our office, our receptionist has been promoted
to the position of "front-office manager." Some
years ago, when I started in business, the job of the receptionist
was to answer the telephone and direct the callers to the
appropriate people. Today, however, her job is far more complicated.
Since
she is the first contact most customers have with our business,
her personality and temperament are extremely important.
The prospective client who telephones begins forming an impression
of us the instant the telephone is answered. Then, because
we do so many things, she must tactfully ascertain exactly
how the caller may be best served and who to direct the call
to. She also handles requests for further information and
follow-up phone calls.
Her
ability to handle these calls effectively, to direct calls
to the right people, to take accurate messages, and to act
as the core person in a network of communications, makes
her job so important that it is essential for her to sit
in on all staff meetings and be aware of everything that
is going on.
Your job, too, probably requires you to know a lot about what
is going on in the rest of the company. And the fastest and
most accurate way of keeping current is to develop and maintain
a network of contacts, an informal team of people within your
workplace who keep you informed and who you keep informed in
turn.
The old methods of command and control now exist only at old-line
companies, many of which are fighting for their very survival.
Today, men and women want to thoroughly understand what they
are doing and why they are doing it. People are no longer satisfied
to be cogs in a big machine. They want to have an integral
role in achieving goals that they participated in setting in
the first place.
If you want to achieve anything of consequence in business,
you need the help and cooperation of lots of people. Your main
objective should be to structure everything you do in such
a way that, because you are constantly cooperating and working
well with others, they are continually open to helping you
achieve your goals as well.
Remember, in all your interactions with your team, to be supportive
and helpful. The best team players I have ever seen are those
whose comments to the other members of the team are in the
form of suggestions on how things can be done better. The best
team members are always offering to help other people after
the meeting to get on top of some aspect of their work. This
focus on collaboration and cooperation is seen by everybody
and marks you as a person to be both liked and respected.
Many
men and women have kicked their careers into the stratosphere
by taking on a small responsibility and doing such a good
job with it that they came to the attention of important
people both inside and outside their organizations.
Today's Action Plan: Continually look for opportunities
to make valuable contributions to your company. Volunteer for
additional assignments. Focus on high-priority tasks, and finish
what you start on time. Do excellent work. And remember that,
as Confucius said, "He who would be master must be servant
of all."
[Ed.
Note: Brian Tracy was one of the most popular speakers at
least year's Bootcamp. He'll be a presenter again this year.]
You
Could Earn 5% PER MONTH on Your Money
There
is a way for you to earn 5% PER MONTH on your money…
with limited risk… no day to day trading… and with
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how you get in…
Dear
Michael Masterson: "You've inspired me to try your
workout."
"You've
inspired me to try the workout you described in Message
#1739. What are the other eight leg exercises in your
'12 Days of Christmas' lower-body routine?"
James
Faulkner
Jonesboro, AK
The "12
Days of Christmas" is the name my trainer has for my
lower-body routine. It involves a series of leg exercises,
starting with a single-set repetition and going up to 12.
In other words, you do one repetition of your first exercise,
two of your next exercise, three of your next, and so on.
When
I'm traveling, it's not always easy to fit this entire routine
into my schedule. But now that I'm back home in Delray Beach
(briefly, at least), here is a typical example of what I'll
be doing:
1
eight-count of a wall sit
2
extremely slow squat thrusts
3
four-count leg scissors
4
sun salutations
5
four-touch sit-ups
6
squat thrusts
7
star jumpers
9
standing squat thrusts
10
jumping jacks
11
deep toe dips and raises
12
lunges
You
can arrange these exercises to suit your level of fitness.
(The less fit you are, the lower you should go on the repetition
ladder with the tougher exercises. That is, when you are
less fit, put the less-strenuous exercises – like sit-ups
– at the 8 to 12 spots.)
If
you try it, let me know how it works for you. I believe there's
already a discussion going on in our Speak
Out forum.)
-Michael
Masterson
It's
Good to Know: Online Book Exchanges
By
Suzanne Richardson
My
friend LP frequently buys a paperback novel to read on the
airplane or at the beach, then trashes it when he's done.
To him, these books are travel candy, and not worth keeping.
But there are better ways to "dispose of" your
used paperbacks.
For
one thing, you can donate them – to your local library, thrift
store, or nursing home, for example. You can also take advantage
of online book exchanges.
Paper
Back Swap is a free online service that allows you
to exchange your paperback books for someone else's. Too
get started, you list nine of the books you want to trade
on the site. You get three "credits," good for
one book each, just for becoming a member. Once registered,
you can browse a list of the books other members are putting
up for adoption. Pick one, and its owner will mail it to
you.
You
get more credits when you mail your books to other members.
When another member "orders" one of your books,
you print off a book
wrapper (sent to you via e-mail), add a few stamps to
your package, and send it on its way.
Frugal
Reader, a similar service, gives you two credits for
nine initial listings.
Services
like these provide you with an ongoing supply of stuff to
read … just for the price of postage.
Secure
Your Future…TODAY
In
6 hours and 35 minutes, you can be in business – well on
your way to making upwards of $100,000 per year! That's
how long it takes to "create" what is without
question the world's easiest, most
profitable and infinitely rewarding business.
"Inimical" (ih-NIM-ih-kul)
means "unfriendly" or "hostile." It
is derived from the Latin for "enemy."
Example
(as used by Aoibheann Sweeney in The New York Times): "T.
H. Logan, an inimical police officer, drives
his wife mad with grief by killing the seal she used to love
to swim with."
Michael
Masterson
Copyright ETR, LLC, 2006
Have
a Question for Michael Masterson?
Want
to know the secrets to his success? Have a perplexing
business problem? ETR welcomes your thoughts. Post
them online at http://speakoutforum.com/forum/ or
send questions directly to Support@EarlyToRise.Com
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