* 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
ETR Insider Report: How to Buy a $7 Million Apartment Complex
By Justin Ford
Reporting From Dave Lindahl's Apartment House Riches Conference in San Diego
Here's the truth about "no-money-down" real estate deals. They don't exist.
When you buy with no money down, you're not putting any of your money down. You use other people's money for the down payment. It's really 100 percent financing.
You can do this in many different ways. I've combined loans (such as an equity line of credit and a first mortgage). And I've used private investors' money. Each method has allowed me to pick up deep under-market deals using none of my own money.
Whatever you want to call this technique, it can be extremely powerful. Because of it, I've been able to buy more properties - and make far more money - than I would have if I always had to scrape up the cash for a down payment.
But here's even better news - something we learned in Day Two here at Dave Lindahl's Apartment House Riches Conference: You can use 100 percent financing techniques with multimillion-dollar apartment houses too.
Dave should know. He's done it, and so have his students.
On one recent deal, Paul, one of Dave's students, got a strong cash-flow deal under contract for $7 million. He went to Dave to get help navigating the deal and to put together the money for both the down payment and the bank financing. Dave got private-money investors for the down payment and arranged bank financing for the rest.
In the end, there were four equal partners in the deal: Dave, Paul, and the two private-money investors. Two got in with no money and two put money down. But the deal was a very good one for all involved.
The money partners were able to get into an under-priced deal, with a good cash yield and strong appreciation prospects. And they were able to do it without doing the work of finding or negotiating the deal, without being liable on the loan, without having to manage the asset, and with their risk strictly limited to their investment, not a penny more.
It was a great truly "passive" investment for them.
Dave and Paul, meanwhile, got into the deal with no money of their own. And each of them, as well as each of the private-money partners, wound up with $7,000 in monthly cash flow from the deal. That's more than most people make from their jobs.
And this is just one example.
[Ed. Note: Click here to eavesdrop on more of Dave's best secrets from his conference.
If you've wanted to build a large cash-flow-generating real estate portfolio, you'll see how - once you have the knowledge - finding money to do the deal need never be an obstacle.]
"If
there was less sympathy in the world, there would be less
trouble in the world."
- Oscar Wilde
Empathy and Other Bad Ideas
By
Michael Masterson
Richard A. Friedman, M.D., writing in The New York Times a few weeks back, told a revealing story about a patient of his. The 48-year-old professional single man had been seeing a therapist for depression. He had been in therapy twice a week for six years, with no results.
"I had a miserable childhood," the man complained. "My father was an alcoholic who shouted all the time. My mother was a non-presence, and my brother checked out on drugs."
It turns out the man was unemployed and supported himself on money his parents - the very people he was complaining about - sent him.
When Friedman asked him what he had hoped to accomplish with therapy, the man said, "I just want to feel better and get rid of this depression."
"So how do you feel about your therapist?" Friedman asked.
"Oh, she's terrific," he replied. "Warm, understanding, and always available. But I don't feel like I'm getting better."
Friedman's analysis: The man wasn't clinically depressed. He was narcissistic.
"After six years of insight-oriented therapy," Friedman wrote, "this patient had little sense of his own role in his unhappiness or what to do to turn his life around."
Friedman decided the patient needed to be challenged. "He had five years' worth of empathy; it was time to grow up, call it a day, and get back to work."
Friedman's first prescription for the patient was not more therapy or drugs but to go out and find a job: "Find the best job you can," Friedman said, "and then work hard to free yourself from being dependent on your parents."
This tough love worked, of course. Six months later, the patient was working, financially independent, and no longer perpetually depressed. "I didn't like you at first," he told Friedman, "because you weren't nice, but I think you helped me."
I've read that some forms of depression aren't a distinct pathology but an extreme form of sadness that is exacerbated, not alleviated, by empathetic forms of therapy. Apparently, empathy can make people with this type of depression feel that they have little or no control over their circumstances, which can make their feelings of sadness much worse.
I think that's true. When I feel blue, I want sympathy ... but what I need, I know, is to get back to work.
In Man's Search for Meaning, Viktor Frankl makes this point in a very profound way. After living through virtual hell in a Nazi concentration camp during which he was subjected to starvation, torture, and seeing friends and family murdered, Frankl recognized that although his captors controlled the outside circumstances of his life, they couldn't control his mind.
And that's the way life is. Try as you might, you can't control the things that happen to you. You can only control your reaction to them.
These ideas form the foundation of Cognitive Therapy - a relatively unknown and under-appreciated branch of psychology. It's based on the idea that, in order to make progress, the patient must take responsibility for his mental condition (not blame it on his past) and do something positive to improve himself.
That's the philosophy that governs ETR. (Don't tell us all the problems you are having with your boss and landlord, tell us exactly what you are going to do to generate more income.)
That's also the way I mentor people. I will teach you everything I know, but if you are not making the progress you want, it's probably because you are screwing up in some way.
WA told me something that I have heard from almost every person I have mentored: that I was harsh with him when he was learning from me. So harsh that he sometimes thought I was a "genuine jackass." But now, looking back on how I pushed him to face some truths about himself and work harder than he wanted, he is grateful for my mentorship.
Isn't that the way it always is? We all want sympathy (or empathy, as the professors say), and there's no amount of it that we won't happily absorb. But having another person's understanding won't make us new. It will, in fact, keep us where we are by making it more comfortable to be there.
The real cure is a bright light, a clear mirror, and a kick in the pants.
* Highly Recommended *
How
Much Is “Expert” Advice Worth?
If you ask Jeff, he’ll tell you it’s worth $20,000… per month.
Because that’s how much he’s making in passive income since he stopped listening to bad opinions on how to get rich in real estate, and found expert advice. Thanks to the seasoned expert that helped Jeff, he no longer has to get up and “go to work” in the morning – his income is automatic.
Would you pay for advice if it helped you see the same results?
You’d be smart if you did. But I’ve got a secret – one you won’t be hearing me mention again. I’ve got 40 spaces – just 40, and then it ends – for FREE one-on-one mentoring from the same expert that helped Jeff reach $20,000 a month in passive income.
His name is Dave Lindahl – he owns over 2,200 rental units, and has helped hundreds of people like Jeff realize their dreams. I expect these free cash-flow real estate mentorship spots to fill-up quickly, so don’t delay.
- Kam Weiler
Contributing Editor, Main Street Millionaire
Green Tea: A Better Pick-Me-Up
By
Al Sears, MD
In Message #1851, I told you about some of the remarkable properties of green tea. And I mentioned that in Japan, where green tea is enjoyed every day, people have the longest lifespans of any country. Well, I convinced myself. So I switched from my usual morning coffee to a cup of strongly brewed green tea.
I've noticed a surprising benefit. The tea wakes me out of my morning stupor like coffee - but unlike coffee, instead of making me feel a little nervous and shaky, the green tea makes me feel calm.
So I did some research. How can a caffeinated drink make you feel calm?
Here's the secret: It's an amino acid called l-theanine. Found in tea leaves, l-theanine reverses the stimulating effects of caffeine on certain aspects of your nervous system.
L-theanine doesn't make theta waves, the kind that put you to sleep. Instead, this nutrient works in your brain by making alpha waves. This creates a feeling of deep relaxation and mental alertness similar to meditation. Other benefits include improved memory and learning ability. (And here's good news if you don't like green tea: You can get the benefit of l-theanine in a supplement.)
In one study, researchers saw alpha waves appear within 40 minutes of people taking 50 mg of l-theanine. Another study found that a dose of 200 mg of l-theanine produced more alpha waves than the 50 mg dose. This time, the effect occurred in only 30 minutes and lasted for eight to 10 hours.
Start at 50 mg and work up to 200 mg if needed. Don't take more than 600 mg in a six-hour period.
[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.]
Travel Tip: Check the Expiration Date on Your Passport
By
Lori Appling
More and more countries are insisting that visitors' passports have at least a six-month shelf-life ... and they won't let you in if your passport expires sooner than that. So before your next international trip, make sure your passport is valid for at least six months beyond your return date.
For information about renewing your passport, visit the U.S. State Department website (travel.state.gov/passport_renewal.html). Or check out these two online companies that will get you a speedy renewal for a fee: passportvisaexpress.com and passportplus.net.
[Ed. Note: Lori Appling is the Director of AWAI's Travel Division, which publishes programs that help people get paid to travel. To find out how you can turn your travel into a second income, read more here.]
* Highly Recommended *
Start
Making Money Today
Interested in getting a nice little side-business going on the Internet? Or maybe even from your living-room table?
But you don’t have too much money, you don’t have too much time, and you’re not exactly Bill Gates when it comes to technology. Sound familiar?
A lot of people are in the same boat. The good news is that ETR has heard you. And now we’ve done something about it...
We’ve asked our colleague Marc Charles to be on the lookout for profit opportunities that can be run from a kitchen table, your desktop or out on the road.
Criteria? They’ve got to be inexpensive, easy to start, and still have great income potential, but without a lot of red tape.
They say when you’re first getting your feet wet with a side-business, the most important dollar to make is the first one. Well, Marc is an expert at taking beginning entrepreneurs and showing you how to make that first buck. He knows, because he's done it dozens of times for himself, his family and his friends.
If you've been dreaming about starting your own business ... now you can get started for about the price of 2 lattes.
And get this – you could be making money literally just hours from now. Imagine the feeling of finally getting a side business launched -TODAY!
Why not go for it?
- Patrick Coffey
Word to the Wise: Castigate
To "castigate" (KAS-tuh-gate) - from the Latin for purify/correct - is to punish or criticize severely.
Example (as used by Wendy Kaminer in Sleeping With Extra-Terrestrials): "For my lack of missionary zeal, I have been castigated by a few militant atheists, who are irritated by my disinclination to try persuading people to abandon their faith that God exists (while some religious people regard me as a militant atheist intent on promoting worship of unspecified 'secular idols')."
