* Highly
Recommended *
7
Deeply Discounted ETR Programs To Help YOU Reach
Seven Figures in Seven Years
This
week we're sending out a huge "Thanks!" and at the
same offering savings of up to 65% on seven
of ETR's top programs.
We
are thanking you because you helped us skyrocket Michael Masterson's
new book, "Seven Years to Seven Figures" to the #1
position on Amazon's Business and Investing list this week.
And
we want to make right now the best time for you to start using
his recommended tactics for increasing your income dramatically...
so there will be nothing stopping you from achieving the same
kind of success that Michael's millionaire protégés
have enjoyed.
This
sale runs this week only... I was truly shocked at how deep
Patrick Coffey and the marketing team had set these discounts... so
please take advantage now.
-
Charlie Byrne
Early to Rise
Getting
Out Is as Important as Getting in
By
Andrew Gordon
As
important as it is to invest in the right stocks at the right
time, it's just as important to sell those stocks at the right
time. A well-executed exit strategy using stop-loss points
will not only ratchet up the money you make, it could do so
even if you've picked more losers than winners.
Let's
say you have a 10-stock portfolio and you invested $1,000 in
each position. Only four of them were winners. Three of the
four averaged 15 percent gains for the year, while one of them
went up 60 percent. So out of the 10 stocks, you have one big
winner and total gains of $1,050.
Of
your six losses, you exited three of them at your stop-loss
point of 20 percent. (For this exercise, we'll assume that
all three of those stocks eventually fell 60 percent, although
you no longer held them.) The other three losing positions
are down an average of 10 percent each for the year, but you
have not sold them since they haven't yet reached your stop-loss
point. For the three stocks you've sold, you lost $600. For
the remaining three losers, you're down $300.
Total
gains: $1,050. Total losses: $900. Total overall profit: $150.
That
may not be much of a profit margin, but consider this: You
had more losers (six) in your portfolio than winners (four)
... and you still came out ahead.
Without
your stop-loss points in place, you'd have wound up with a
LOSS of $1,050 (assuming three of your losers dropped 60 percent
and the other three dropped 10 percent). Just think - with
a simple exit strategy, you cut your losses by over half.
An
exit strategy based on a stop-loss system not only protects
you from catastrophic losses, it allows you to make money even
when the market isn't going your way.
[Ed.
Note: Andrew Gordon, ETR's financial expert, is the editor
of our investment service, The
Wealth Advantage. Join now and you'll
get a free special report on Andrew's specific "finds" -
companies that have the very real potential of giving you up
to 1,000 percent on your investment.]
"Do
not hire a man who does your work for money, but him who
does it for love of it."
-
Henry David Thoreau
Who
Do You Hire?
By
Porter Stansberry
When
I started my publishing business in 1999, I had one employee
and no subscribers.
Today,
seven years later, I have more than 150,000 subscribers and
more than 60 employees. But if I had not hired the right dozen
people between 1999 and 2003 - in the beginning - I would have
never made it.
As
a publisher,my capital isn't tied up in machines, trucks, or
even brand names. Instead, I'm in the business of discovering
important financial ideas and selling them. I'm in the business
of building relationships with my best customers - and keeping
them for years
and years. To do these jobs requires exceptionally charismatic
employees who are smart, cheerful, dedicated, and fun to be around.
Good ideas come from good people. And good people draw more talent
to your business.
Surrounding
yourself with the best people you can is one of the real secrets
to success. Hiram taught me this lesson when I was only 14
...
Hiram
was an old junk merchant from the Bronx. He had a real warehouse
store - not like a Costco or a Sam's Club. It was just a huge
old building filled with merchandise from stores that had gone
out of business.
My
job at Hiram's was to unpack tons of crap from boxes, put a
price tag on each item, and hang it up for sale ... every Saturday
and Sunday from 8:00 a.m. to 5:00 p.m. It was not a fun way
for a 14-year-old to spend his weekends.
How'd
I end up at Hiram's? I broke a neighbor's sliding glass door
while screwing around with one of my friends - a guy who is
in jail today. My friend's parents simply paid for half the
damage ... but my parents wanted me to experience the consequences
of my actions. So I had to pay for the damage by working at
Hiram's warehouse on the weekends.
Hiram
paid in cash. On Sundays, after the store was closed, he'd
pull up in his huge black Lincoln. It had dark black-tinted
windows. I never did see more than half of his face. And he
never got out of the car. He would slip a wad of $20 bills
out the window. That's how Hiram met his payroll. It was like
working for the mob.
On
my last day of work, Hiram handed me the $80 or so I'd earned
that weekend. I told him it was my last day and thanked him
for the job. He looked up at me from behind the dark window
and said, "Porter, you don't seem like the kinda kid who'd
get into trouble. You should pick your friends more wisely."
I
don't know why that advice has stuck with me. But it did. And
it's absolutely right. I've picked my friends by finding people
I wanted to be more like. People who had qualities and virtues
I admired. It worked. Whenever I've succeeded in life, it has
been because of my friends. My friends have taught me business
skills, life skills, and, time after time, have put me in a
position to succeed.
Hiring
new people, in many ways, is like picking friends. At least,
I think it should be. I tell my employees, "When
you hire people to work in our company, you must think to yourself: "Does
this person have qualities and attributes that I wish I had?
Is this the kind of person who will lead me to broken doors
and Hiram's warehouse ...or the kind of
person who will show me ways to improve myself and better my
life?"
Let
me share with you something I wrote to my key managers three
years ago, as I stepped away from doing almost all the hiring
myself. It's the 10 things I always kept in mind whenever
I hired new people:
1. I
like winners - folks who are relentlessly competitive. People
who won't settle for losing are hard workers and can build
businesses. (They're also fun to be around.)
2. I
like thinkers. They're curious. They don't rely on cliches.
They can divine the hidden architecture of how life works.
You need these things to be a writer ... or an innovator.
3. I
like people who are humble. Ideas don't last forever. Yours,
too, will wilt.
4. I
like people who don't have to ask for permission. They take
chances and take responsibility.
5. I
have never in my life tolerated bullies. And I won't in this
business. If you can't treat your colleagues with genuine
affection and respect, how will you treat our customers?
6. Words
have real power. Say positive things and they will happen.
7. People
are different. Our goals are the same. Never put our differences
ahead of our goals.
8. Rarely
is a greedy person satisfied. When it comes to money, be
clear, be honest, and be firm.
9. Hire
the hungry.
10. Never
abandon a colleague, or a client, in a time of need. Greatness
isn't measured by profits but by character.
One
more thing ...
Most
of the advice you'll get from business books about management
and hiring strategies is complete bunk. But one truism is important:
Hire slowly and fire quickly. Remember that most employees
will put out their best efforts when they're first hired. If
you're not impressed in the first six weeks, you'll never be
impressed.
[Ed.
Note: Porter Stansberry founded Stansberry & Associates
Investment Research, an independent publisher
of equity analysis and investment insights, in 1999. Today,
S&A Research is one of the largest publishers of independent
investment research in the world, with over 150,000 subscribers
in more than 130 countries.
If
you'll be at this year's Info Marketing Bootcamp: "Making
a Fast Fortune on the Information Revolution", you'll
see Porter in person ... and learn how to dramatically accelerate
your financial independence by building your own business online.]
* Advertisement *
Eric
Freund’s $650,000 Welcome to the "Condo Conversion
Era"
If
you're too far ahead of trends, you'll make no money (the doctor
who invented air conditioning died penniless). We all
know if you're too late, you only get the high-priced leftovers.
Right
now, there's a Sweet Spot in real estate: condo conversions. The
number of apartments being converted is up SHARPLY. But
compared to the number of conversions that will happen in the
next few years, well, we're just at Chapter One of this story.
We're at the point where the concept is solid and proven, but
most of the money is yet to be made.
Eric
Freund received a very warm welcome to the "Condo Conversion
Era." Living in the overheated Chicago market for the
last couple years, Eric has seen first hand how the Apartment
prices are just not making any sense. He decided that the best
strategy was to do a condo conversion. His first deal after
learning about condo conversions, Eric found a 10 unit Apartment
complex that had a tremendous conversion possibility. After
the conversion is complete, Eric is seeing a conservative profit
of over $650,000!
Learn
more about why we are only in the infancy
of the "Condo Conversion Era", how you can
see your share of the huge profits, and the Three Deadly
Mistakes most condo converters make
-
Justin Ford
Editor, Main Street Millionaire
Reach
for Walnuts
By
Al Sears, MD
Last
week, a patient asked me a question I hear all the time. Maybe
you're struggling with the same problem. "Dr. Sears," he
said, "I love to eat snack food - especially when I'm
reading or watching TV. Is there anything better than chips?"
Well,
just about anything would be better than potato chips. But
if you're looking for a healthy snack, walnuts can't be beat.
Walnuts are full of heart-healthy nutrients and cancer-fighting
antioxidants. They're also a great source of omega-3s. Best
of all, they score a perfect zero on the glycemic index, meaning
you can eat as many as you like and never get fat.
You
already know that omega-3 fats are important for good health.
Well, walnuts have a particular kind of omega-3 called alpha-linolenic-acid
(ALA). ALA naturally lowers your overall cholesterol, your
LDL (bad cholesterol), and your blood pressure. ALA is also
an anti-inflammatory, which can reduce joint pain and help
prevent heart disease. And walnuts have more ALA than any other
nut.
Walnuts
are high in antioxidants, too - and they have a flavonoid called
ellagic acid. This powerful nutrient (also found in several
types of berries) inhibits the growth of cancer cells. If that's
not enough for you, walnuts are very high in arginine. Arginine
helps make more nitric oxide (NO), which helps your blood vessels
dilate and, thus, increases blood flow. This is great for your
heart ... and for the bedroom. (That's the basic idea behind
Viagra.)
Next
time you're in the grocery store, skip the chips and pick up
some walnuts. Enjoy your snack time without the guilt - or
the extra pounds.
[Ed.
Note: Dr. Sears, a practicing physician and the author of The
Doctor's Heart Cure and 12
Secrets to Virility, is a leading authority
on longevity, physical fitness, and heart health.]
Dear
Michael Masterson: "Have I been scammed?"
"I
recently purchased AWAI's
copywriting program, and I am very excited
about it.
"However,
I get e-mails every day from Early to Rise and AWAI,
and at the bottom there is usually a 'call to action' for me
to purchase something. I must admit, this is a bit discouraging
to me, because I see you 'direct mailing' me the same type
of stuff that you are trying to teach me to sell! It makes
me wonder if I have been 'scammed' with the copywriting program,
so to speak.
"I
am going to remain optimistic, as I believe I possess all the
qualities to become a skilled copywriter. But do you see where
I am coming from?
"Also,
will I have to come up with a large sum of money to pay for
the postage for my first big mail-out?
"Also,
if I have questions about copywriting specifically for Michael
Masterson or Don Mahoney, will I ever be able to contact them
directly?"
Holly
Vail, Colorado
Dear
Holly,
First,
let me assure you that unless you're selling your own product
via direct mail, you won't have to come up with the money to
mail any of the packages you write. Copywriters get paid for
writing copy. The direct-marketing businesses that employ them
have to come up with the bucks for postage. Not your problem.
As
for the "call to action" in e-mails you get from
ETR and AWAI ... why does that bother you? Of course we're
trying to sell you more products. That's what good businesses
do. They find customers who are interested in certain subjects,
and sell them as many good products related to those subjects
as that customer might want.
You
say you are afraid you are being scammed - but getting sales
letters isn't being scammed. Being scammed is when someone
sells you something and they don't deliver. AWAI and ETR deliver
on each and every promise and product.
In
fact, you should be happy to see that when we attempt to sell
you something, we use a "call to action." If we failed
to make use of this very basic selling technique, what kind
of marketing experts would we be?
As
far as hearing from Don Mahoney or Michael Masterson ... you're
hearing from Michael Masterson right now. And he's telling
you that you made a good decision by investing in the AWAI
copywriting program. Now if you can stop worrying
and start practicing the material in the program, you'll be
on your way to success in this great new career you've chosen!
-
Michael Masterson
* Highly
Recommended *
Change
Your World With Pocket Change
Money
is like a mighty river that flows from our homes out into the
world ... We scrimp and do without so we don't run dry! But
what if you could turn it around so the river of money flows
back to you ...
And
the cash floods in much faster than you can spend it?
What if you could turn your pocket change into a multimillion-dollar
legacy?
Read
on...
Word
to the Wise: Pettifogger
A "pettifogger" (PET-ee-fog-ur)
is an unscrupulous lawyer.
Example
(as used by George
Borrow in Lavengro): "A more
respectable-looking individual was never seen; he really looked
what he was, a gentleman of the law - there was nothing of
the pettifogger about him."
