Issue #2652
- WEALTHY: A quick calculation to find cash-flowing investments (Julie Broad)
- HEALTHY: 2 fitness tips to keep the fat off (Craig Ballantyne)
- WISE: Henry Ward Beecher on achieving greatness
ALSO IN THIS ISSUE:
- When hard work isn’t hard (Matt Furey)
- More look-alike words – and how to avoid mixing them up (Don Hauptman)
- It’s Fun to Know… when contract negotiations go really bad
- Add “doppelganger” to your vocabulary
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How to Evaluate a Rental Property in 60 Seconds
By Julie Broad
When you start looking for a rental property to buy, you might find yourself overwhelmed by all of the places that are on the market. Your realtor may be sending you a bunch of listings, and you may have a list of properties you’ve found on websites like Realtor.com. How do you know which ones are worth looking at further?
I use a simple calculation to make a quick decision, and it saves me a huge amount of time. When my husband and I look at a spreadsheet of potential properties to buy (that is how we compare opportunities), I will tell him which three or four we should look at closely in less than five minutes. He will spend hours going over the details and analyzing the numbers only to come to the same conclusion as I did.
So, what’s my trick?
All you need are two numbers: the price of the property and the rental income you will get from it each month. If the monthly income is at least 1 percent of the purchase price, it’s worth investigating further. If, for example, you have a property that costs $300,000 and it gets $3,000 per month in rent, it’s highly likely you will get positive cash flow from it. And that is a key ingredient to successful real estate investing.
You can even drop the 1 percent to 0.8 percent, and you may still have a positive cash flow property. One percent is just a rule of thumb. You can decide on the exact number you’re looking for based on your objectives, the strength of the area where you’re buying, the size of the down payment, and the cost of financing.
Once you’ve found a property with cash flow potential, you still have a lot of work to do to make sure it is a good one to buy. But by using this trick, you won’t waste time running the numbers on properties that don’t have much potential to be a good deal.
[Ed. Note: This is the PERFECT time to scoop up real estate at bargain prices and set yourself up for massive wealth creation when the market recovers. In the meantime, you could be putting money in your pocket every month! Real estate expert Julie Broad can show you just how to do it. Get hands-on coaching and step-by-step instruction to create your own million-dollar real estate portfolio with her new program. Get all the details here.] ]
“Greatness lies, not in being strong, but in the right using of strength.”
Henry Ward Beecher
“Don’t Work Too Hard”
By Matt Furey
Before my wife Zhannie emigrated to the United States from China, she always ended her messages the same way: “Bu yao tai nu li gong zuo.”
Translation: “Don’t work too hard.”
This statement always bothered me. I didn’t like it because I honestly believed that “hard work” was the key to success in anything. Today, I have a different way of looking at the “hard work” principle, and I’ll explain it in a moment. But first, what did Zhannie mean when she said “Don’t work too hard”?
Years ago, Zhannie’s good friend was working hard in the assembly line at the aluminum factory in her hometown.
Suddenly, an explosion.
The lady’s beautiful face caught on fire. She suffered third-degree burns and was instantly scarred for life. She didn’t leave the house, other than to see a doctor, for more than 10 years.
And with the communist system, you can imagine the health care she received for her wounds.
Shabby at best. Until the doors opened to capitalism and doctors arrived who could perform the complicated surgery she needed.
Under China’s non-capitalistic system, there were few high-level doctors – and no money to pay a specialist if there was one.
Why no high-level doctors?
No icentive. They all got paid the same, no matter what.
Another worker my wife knew lost his arm while working hard. Others lost their lives. In fact, my wife saw so much death when she lived in China that she became numb to it. Life was not precious. Everyone was the same. Just an eggshell to be discarded.
So my wife’s refrain, “Don’t work too hard,” meant the same as the Chinese saying, “Yi lu ping an.” Travel safely.
Safety was valued far more than hard work. Don’t take a risk. Don’t do anything where you could get hurt or injured.
When Zhannie came to the U.S., she no longer believed in “Don’t work too hard.” She believed in taking risks, in doing whatever she could to make life better for herself.
At one time, she held three jobs. She worked part-time in three different restaurants. She went to a school to learn English. Later on, she attended a junior college to learn more.
And she encouraged me to take risks – to write books, to give seminars, to increase my income. She never said “Don’t work too hard” to me AFTER she moved to the U.S.
Years later, when I began teaching Psycho-Cybernetics and Zero Resistance Living on my website, in my products, and at live coaching programs, Zhannie dived into the subject with enthusiasm.
From me she learned that the key to success is the proper use of your imagination and something I call the Law of Practice.
Dr. Maxwell Maltz called it “practice, practice, practice.”
But not hollow practice.
Enthusiastic practice. Putting your body, mind, and soul into what you’re doing – but doing so in a relaxed way.
All great achievers do what they do in a spirit of calm and relaxation. They may pay lip service to the slogan “It’s ALL HARD WORK” – but the reality is that when you work hard and are not relaxed, you’re not very effective.
The best of the best understand this. So next time you hear “It’s all hard work” coming from the mouth of a champion athlete or successful businessman, ask for video footage of him in action.
While watching him, you’ll discover an amazing fact: Even in the heat of battle, even when time is of the essence, even when a life may be on the line – the winners are those who make what they’re doing look easy.
Two summers ago, I watched a man in Xinjiang Province in China walk a tightrope. I also watched him run on the tightrope. And I watched in awe as he stood upon a chair on the tightrope. He made the seemingly impossible look easy.
How?
First, he imagined being the tightrope walker he became.
Second, he practiced more than anyone else until he became that person.
Relaxed, enthusiastic practice is the key to greatness.
Are you relaxed? Are you enthusiastic? Are you willing to practice more than anyone else?
Then nothing can or will stop you from becoming a successful human being.
[Ed. Note: Matt Furey is a national collegiate wrestling champion (1985) and a world shuai-chiao kung fu champion (1997). He publishes the Zero Resistance Living program that teaches average Joes how to change themselves into the person they've always wanted to be. Discover how to relax, imagine, and put enthusiasm into all you do at the highest level possible. Order NOW and make a quantum leap forward.
You can access dozens of powerful strategies that can help you reach new heights in your business and personal life with ETR's Total Success Achievement Program. Get the details here ]
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How to Lose Fat Over the Weekend
Another weekend, another two or three pounds of fat? No way! Doesn’t have to work like that.
Here are two “real life” fitness techniques that can help you just say “NO” to gaining weight.
Weekend Fitness Strategy #1: Work out first thing in the morning.
There’s nothing magical about training first thing in the morning. I don’t believe it will help you lose fat faster than exercising at any other time of the day.
HOWEVER…
Exercising first thing in the morning gets it out of the way. And if you have a busy weekend coming up, complete with family visits and household chores, the truth is that the morning may be the only time you’ll get a chance to burn belly fat.
Weekend Fitness Strategy #2: Do short-burst workouts with multi-muscle exercises.
You can train your entire body with just two exercises. For example, you could perform a quick, powerful workout just by doing dumbbell squats and push-ups.
The dumbbell squat trains your upper back and your lower body. The push-ups obviously train your chest and arms, but your torso (abs) as well. That’s a complete workout right there.
Do 8-12 reps for squats and 15-30 reps for push-ups. Don’t rest between exercises and keep going for 10 or 20 minutes, whatever you have time for. That’ll hit all of your body’s hot zones.
[Ed. Note: Extending your life and living out your years in tip-top health is really a matter of making simple lifestyle choices - like making sure you exercise even on the weekends. For more easy-to-implement ideas about how to live longer and feel better, click here.
Want to burn more fat? Follow Craig's Turbulence Training exercise program. ]
The Language Perfectionist: Confusables Galore
By Don Hauptman
Here’s another roundup of doppelganger words that are often confused. I encountered all of these misuses in my routine reading:
• “With flawless, crystalline hindsight, Henry laid out the causes of our present affliction, and prescribed remedies therefore.”
The word therefore means thus; the word wanted here is therefor.
• “There is no shortage of data to support the notion that walking is imminently healthy.”
Perhaps walking helps you right away, but I suspect the writer meant eminently.
• “Of course, even if you use a social phone number, your hidden digits are likely to be announced through caller ID to anyone you deign worthy of calling back.”
The verb deign means condescend; the writer probably meant deem.
• “The dissembling of Malcolm Forbes’s assets culminated in the 2004 sale of nine Faberge imperial Easter eggs for about $100 million.”
To dissemble is to deceive; the writer undoubtedly intended to convey the idea that the estate was broken up or disassembled.
• “There’s no other word than ‘groped’ for having one’s breasts palpitated in public.”
The verb palpitate means tremble or quiver; what the writer meant was palpate, to touch a part of the body, usually for medical purposes.
• “But concerns that the new terms gave Facebook too much leeway with the hoards of data shared by its 175 million users quickly spread….”
The word hoard is a noun or verb meaning stash or cache; a large number or amount is a horde.
[Ed Note: For more than three decades, Don Hauptman was an award-winning independent direct-response copywriter and creative consultant. He is author of The Versatile Freelancer an e-book recently published by AWAI that shows writers and other creative professionals how to diversify their careers into speaking, consulting, training, and critiquing.]
It’s Fun to Know: When Contract Negotiations Go Really Bad
This year’s salary increase not up to your standards? Your request for a promotion denied?
Why not retaliate by kidnapping your boss? It’s the latest fad in France.
There have been more than five “bossnapping” incidents connected with labor disputes so far this year. No violence or weapons are involved. Union officials simply detain executives until their demands are met (which has happened) or let them go when further negotiations are promised.
(Source: Agence France-Presse and The Times)
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Word to the Wise: Doppelganger
A “doppelganger” – literally German for “double-walker” – is a ghostly image of a living person, especially one that haunts its counterpart.
Example (as used by Don Hauptman today): “Here’s another roundup of doppelganger words that are often confused.”
[Ed. Note: Become a more persuasive writer and speaker ... build your self-confidence and intellect ... increase your attractiveness to others ... just by spending 10 VERY enjoyable minutes a day with ETR's new Words to the Wise CD Library.]
Copyright ETR, LLC, 2009
Similar Articles:
- Doppelganger – A “doppelganger” – literally German for “double-walker” – is a ghostly image of a living person, esp…
- Don’t Work Too Hard – Before my wife Zhannie emigrated to the United States from China, she always ended her messages the …
- How to Lose Fat Over the Weekend – Another weekend, another two or three pounds of fat? No way! Doesn’t have to work like that. Here ar…
- Confusables Galore – Here’s another roundup of doppelganger words that are often confused. I encountered all of these mis…
- The Danger of Pursuing Passive Income – Real estate investing has given my husband and me a great deal of freedom to do what we want with ou…
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Hi,
I still prefer the good old golden page !
My enthusiasm to read this newsletter is not as fervor as before.
The gold color attracted me.
Just my Humble Opinion.
Cheers !
Great article Matt, (as ever),…
In the UK “hard work” is synonymous with discomfort and being unhappy doing something you don’t want to do,…
But like you’ve outlined above, effective hard work is more about applying yourself consistently on a given task / objective rather than experiencing a lack of enjoyment and forcing yourself to do something that you don’t even want to do.
Many thanks for another great article.
All the Best,
Pete