* Highly
Recommended *
You
Can Import Goods From Overseas For Pennies On the Dollar!
It
may have been hard in the past for small entrepreneurs to import
cheap products from countries like China, but things have drastically
changed.
For
example, In 1986, total trade between the United States and
China was $7.9 billion. By 2005, this total has reached over
$170 billion, making China the United States' third largest
trading partner.
You
can't believe how easy this is. With the right information,
you just find products that cost a couple of dollars each and
sell them for 1000%+ mark-ups by the thousands with your own
Internet sites.
Please click
here to read this urgent report.
-
Patrick Coffey
"Wealth:
any income that is at least one hundred dollars more a
year than the income of one's wife's sister's husband."
-
H.L. Mencken
My
Book vs. The Donald's
By
Michael Masterson
I
was happy to see that Seven
Years to Seven Figures: The Fast Track Plan to Becoming a Millionaire had
edged out Donald Trump and Suzanne Somers in the first day
or so after its release. (Seven Years rose to the
third-place position in Amazon's best-seller list and hit number
one on their best-selling business list. Best of all, it hit
the prestigious New York Times list at number 10.)
While
watching my book climb to the top, I read a review of Trump's
book, which he co-authored with Robert Kiyosaki of Rich
Dad, Poor Dad fame. The book is called Why We Want
You to Be Rich: Two Men - One Message.
The
review was by Jonathan Clements, a Wall Street Journal regular
who took objection to one of the book's central arguments:
that saving diligently and buying mutual funds "may be
good advice for the poor and middle class, but it is not good
advice for people who want to become rich."
According
to the introduction of Why We Want You to Be Rich, "saving
money is obsolete and bad financial advice." And in terms
of ROIs, Kiyosaki claims that he and The Donald can beat the
best stock market investors, including the legendary Warren
Buffett. (To which Clements responded, "If Mr. Trump can
earn higher rates of return, why does he rank 94th on Forbes magazine's
listing of the 400 richest Americans, with a net worth of $2.9
billion, while Mr. Buffett ranks second with $46 billion?"
Trump's
advice is to "think big," and Kiyosaki's recommendation
is to invest in rental real estate, silver, gold, and oil and
gas partnerships. He also promotes the idea of starting your
own business.
I
have yet to do more than skim this book, but based on Clements'
in-depth review I have to think that Seven
Years to Seven Figures is a better book.
Why?
1.
First of all, the premise of Seven Years is fuller
and more sensible.
To
wit:
- Trump/Kiyosaki
are right about the ROIs you can get from owning a small
business as compared to mutual funds. That is, if you want
to get rich in a short time, you will not be able to do so
by investing in mutual funds. The best way, as Kiyosaki says,
is by starting your own business.
But
they are wrong in thinking you can't get rich by scrimping
and saving. It is a documented fact that you CAN get rich
by putting small amounts of money into savings and watching
your interest compound. Of course, the problem with this
strategy is that it takes 30 to 40 years.
- Kiyosaki
is wrong to advocate investing in gold, silver, and natural-resources
limited partnerships as a long-term wealth-building tactic.
While they are hot right now, they won't be forever ... and
probably won't be for long.
- What
neither Trump nor Kiyosaki say - and maybe it's because they've
never thought about it - is that you can't make giant ROIs
in any sort of passive investment. As I explain in my book,
to get the giant returns you need to become a millionaire
in seven years or less, you must invest in a business that
you both (a) understand very well and (b) can control.
2.
The second reason I think my book is better is because my
recommendations are detailed and realistic.
For
example, Part II of Seven Years is filled with observations
and advice about specific strategies you can employ to increase
your income dramatically ... and then use that money (and your
spare time) to invest in a fast-growing and highly profitable
business.
- I
talk about how to locate such businesses and how to determine
if the business you're working for right now fits the bill.
- I
talk about what types of industries are likely to give you
the returns you're looking for - and how to locate the fastest-growing
businesses within those industries.
- I
talk about - and provide examples of - using rental real
estate (as well as buy-and-sell real estate) as a perfect
second, semi-passive investment.
3.
Unlike Trump and Kiyosaki, I'm not suffering from the delusion
that saving is a bad idea.
Every
millionaire profiled in Seven Years learned how to
curb their spending as their wealth grew. And many put a significant
portion of their earnings into conservative savings vehicles
- including 401(k)s and mutual funds.
4.
And last, but not least, Seven Years to Seven Figures is
more inspiring than their book.
It
contains not just my story but the real-life stories of eight
people I know personally who have done exactly what the book
promises: They've achieved seven-figure wealth in three to
seven years.
So
while the Trump/Kiyosaki book may be short on specific advice
(according to Clements), Seven Years is full of very
specific recommendations for how to create additional streams
of income ... get yourself out of debt ... make great contacts
... find a mentor ... and get equity in a company.
Seems
like a clear winner to me.
What
do you think?
[Ed.
Note: If you haven't yet picked up your copy of Seven
Years to Seven Figures: The Fast Track Plan to Becoming a Millionaire,do
it now!
And
if you have already read the book, we'd love to hear from you.
Which strategies are you going to put into action first? Tell
us at ReaderFeedback@gmail.com.
Include your full name and hometown, and we may print your
e-mail in a future issue of ETR.]
* Advertisement *
An
Opportunity To Skyrocket Profits In Your Business
I'm
talking about the opportunity for you to profit massively.
I'm also talking about a once-in a lifetime chance to learn
fortune-building business secrets.
Jay
Abraham knows nearly 100 different ways (that you probably
don't know) to more successfully sell your products or service
- offline or online. He knows over 50 ways to make more money
from the same effort, time and opportunity just by changing
the marketing strategy and approach you follow.
Anthony
Robbins says, "One idea Jay gave me in the first hour
increased our company's marketing effectiveness by more than
100%.
"If
you want to start making a ton more money and have a clear,
direct path to real prosperity and business wealth, you owe
it to yourself to look
into this program.
-
Patrick Coffey
Another
Risk Linked to Vegetable Oil: Macular Degeneration
By
Jon Herring
Imagine
your world if it looked like this: You can recognize your loved
ones, but their faces are a blur. Straight lines appear to
wave and bend. And reading? Forget about it. I'm talking about
macular degeneration - and for millions of people, this is
what they have to look forward to.
You
might be surprised to learn that vegetable oil is a common
cause of this eye disease. I have already written numerous
times about the links between vegetable oil and cancer/heart
disease. Now we know that too much vegetable oil could also
cause you to lose your eyesight.
Dr.
Paul Beaumont from the Macular Degeneration Foundation has
been studying the research. In a recent article, he said, "[It]
showed that people eating vegetable oil got the disease twice
as commonly as the people who didn't. Even more convincing
was a prospective study that looked at patients with the disease.
Those eating too much vegetable oil progressed at 3.8 times
the rate of those eating a little vegetable oil." Dr.
Beaumont went on to note that those who frequently consumed
fish were half as likely to develop the condition.
The
conclusion is clear. If you want to improve your health - and
maintain your eyesight - the type of fat you eat can make all
the difference. Reduce your consumption of omega-6 fats, like
those found in vegetable oil. And increase your consumption
of foods that contain omega-3s, like fish, fish oil, eggs,
walnuts, and flax seeds.
(In
case you're wondering, extra virgin olive oil is very good
for you. It is a monounsaturated fat - not a significant source
of omega-6.)
Reader
Feedback: "The timing of your article couldn't have
been better."
"The
timing of your article Living
Rich: Thinking About Making That Big Move? Do It! couldn't
have been better. Though I live in Indiana, I was raised in
Los Angeles (more years ago than I care to admit!), and I have
always considered myself a West Coast person.
"In
July of this year, I attended ETR's SBI Internet Bootcamp in
Chicago. I developed the idea for my website (mydesigner-dog.com)
while I was there, and launched my online store soon thereafter.
This is an exciting time. I have also lined up several other
websites to work on for other companies. It looks like the
beginning of something really good!
"Now,
here is the fun part. My wife and I have made the decision
to move back West. We are looking at Nevada, New Mexico, and
Arizona. In several visits to these areas, we have felt great
and know it is the right thing for us. We are going to do it!
"Without
the ETR/SBI
Internet program, it would have been years,
if ever, before we could consider returning to the West. The
Internet is an endless opportunity when you know how to tap
into it.
"We're
looking forward to our new life."
-
Richard Mix
Indianapolis, IN
Practice,
Practice, Practice
By
Matthew White
Most
people not living under a rock know of Tiger Woods. Many know
that he won the Masters in Augusta for the first time in 1997.
Few know how he did it.
He
didn't just play a few rounds at Augusta. He studied the previous
year's videotapes. He watched and analyzed exactly how the
greens were laid out, how they were contoured, and how to hit
the ball from every position of every green.
This
was mental practice at its finest, and it capped off the countless
hours he spent on golf courses every week honing and refining
his skills. Hour upon hour, working out how best to hit the
ball, to swing, to grip in different, changing, and challenging
circumstances.
Tiger
did what most people never do: He put in many hours of practice.
He also did what a lot of serious golfers don't do: He put
in the mental work, even when not on the golf course. That's
one reason he's is described as one of the hardest-working
golfers.
All
that intense mental and physical effort gives him the payoff
of self-confidence when he stands ready to tee off.
[Ed.
Note: Matthew White is the author of Instant
Calmness, a program that teaches the easy
way to achieve confidence, relaxation, and motivation.]
It's
Good to Know: Hyperlinking the Real World
By
Suzanne Richardson
The
Internet puts a seemingly endless amount of interconnected
information right at our fingertips. For example, I'm sure
you're familiar with Wikipedia.org, the online encyclopedia.
In the entry on Dadaism, hundreds of words are linked to other
Wikipedia articles. Don't know who Tristan Tzara is? Just click
on his hyperlinked name, and you'll link to an article all
about his background.
Wouldn't
it be cool if the "real" world worked that way?
Well,
thanks to a new Wikipedia tool called Semapedia, that possibility
is crystallizing all around you. All you need to hyperlink
your world is a few minutes on the Internet, a cellphone with
a camera function, and a Datamatrix Reader. (You can find more
info at Semapedia.org.)
Semapedia
allows you to print out a tag (kind of like a barcode) that
links the object you're tagging to a Wikipedia article about
it.
Let's
say you're off to Paris, and one of the things you intend to
see is the Arc de Triomphe. Go to Wikipedia's entry on the
famous landmark, copy the URL into the Semapedia.org data field,
and print out the tag. When you get there, set the tag on or
near the Arc de Triomphe and snap a picture of it with your
camera phone. You'll be able to download and read the Wikipedia
article about it right from your phone. (Make sure you get
permission if you want to use adhesive to affix the tag to
anything.)
Hundreds
of tags are already "hyperlinking" cities, airports,
and famous landmarks from the physical world to the Internet.
Check them out at Semapedia.org/map.
* Highly
Recommended *
Three
Deadly Mistakes That Will Eat Your Profits
"My
55-unit condo project is now 90% sold. I recently realized
that if I had Dave's condo conversion [help] before, I would
have saved $300,000-500,000. Even so, I've made over $1.2 million
in profit."
-
Cecelia Lascu,
Pacific Palisades CA
If
you’ve considered doing your own Condo Conversion - take
real estate expert Dave Lindahl’s advice, and... "Don’t
Do It!"
...Unless
you do it the RIGHT WAY. If you go about converting condos
the way most people do, you’ll simply flush your money
down the drain. That’s because most investors make three
Deadly Mistakes when getting involved in condos.
Side-step
costly mistakes - and make obscene
profits, even if it’s your very first Condo Conversion.
(With pay-days like these, it won’t be your last!)
-
Patrick Coffey
Word
to the Wise: Apothegm
An "apothegm" (AP-uh-them)
- from the Greek for "to speak plainly" - is a short,
witty, and instructive saying. Some examples:
- "In
matters of style, swim with the current; in matters of principle,
stand like a rock." (Thomas Jefferson)
- "Pain
is inevitable; suffering is optional." (Kathleen Casey
Thiesen)
- Power
tends to corrupt and absolute power corrupts absolutely." (Lord
Acton)
