Phil Collins -Against All Odds
Meat Loaf - Two Out Of Three Ain't Bad
"A man in New Orleans could be facing a
life sentence for stealing $31 worth of candy from a drug store. I feel
for this guy. That has got to be a tough conversation once you're in
prison. 'Yeah, I'm in for armed robbery and arson, what about you?' 'Oh,
you know, the new peanut butter Twix.'"
- James Corden
"A woman was arrested
after she admitted to purchasing gasoline, driving to her ex-boyfriend's
house, and using it to set his new girlfriend's car on fire. She's now
facing five years in prison and up to three Country Music Awards."
- Seth Meyers
A group of junior-level executives were participating in a management
training program. The seminar leader pounded home his point about the
need to make decisions and take action on these decisions.
"For instance," he said, "if you had five frogs on a log and three of
them decided to jump, how many frogs would you have left on the log?"
The answers from the group were unanimous: "Two."
"Wrong," replied the speaker, "there would still be five because there
is a difference between deciding to jump and jumping."
~c~c~c~ Guaranteed to Roll Your Eyes ~c~c~c~
Now that the metric system is in wide use all over the world, we can see
why American have not adopted it:
A miss is as good as 1.6 kilometers.
Put your best .3 of a meter forward.
Spare the 5.03 meters and spoil the child.
Twenty-eight grams of prevention is worth 453 grams of cure.
Give a man 2.5 centimeters and he'll take 1.6 kilometers.
Peter Piper picked 8.8 liters of pickled peppers.
~c~ Tom Jones Syndrome ~c~
Patient: "Doc, I can't stop singing 'What's New Pussycat?'"
Doctor: "That sounds like Tom Jones Syndrome."
Patient: "Is it common?"
Doctor: "Well, 'It's Not Unusual.'"
~c~ Q and A Quickies ~c~
Q: What do you call a blind dinosaur?
Q: What does a bum call a dumpster?
A: Bed and Breakfast.
Correlation Between Strength Training and Blood Pressure
A recent study showed that a consistent weight training program may help
lower blood pressure. A group of men and women who participated in a
strength-training program for six months noticed a decrease in their
resting diastolic blood pressure readings.
Provided by Kate from Chicago
Refrigerators in the U.S. consume about the same energy as 25 large
power plants produce each year.
The United States produces half of its electricity from coal. China uses
coal to generate more than three-fourths of its electricity. Australia,
Poland, and South Africa produce an even greater percentage. Overall,
coal makes up 2/5 of the world's electricity generation.
The world's biggest blackout occurred on August 14, 2004, when a massive
power outage occurred across the northeastern U.S. and throughout
Ontario, Canada, affecting 50 million people.
In the average home, 75% of the electricity used to power home
electronics is consumed while the products are turned off. The average
desktop computer idles at 80 watts, while the average laptop idles at 20
watts. A Sony PlayStation 3 uses about 200 watts and nearly as much when
idle. Idle power consumes more electricity than all the solar panels in
1. Largest flower
The Corpse flower,
also known as Rafflesia arnoldii. The poetically named posy boasts the
largest bloom in the world, measuring in at 3-feet wide with blossoms
that weigh 15 pounds.
2. The largest animal
The blue whale. When a baby blue whale is born, it measures up to 25
feet and weighs up to three tons. Growing to lengths of up to 100 feet
and weighing up to 200 tons, the blue whale is, in fact, the biggest
animal known to live on Earth.
3. The heaviest known organism
In Utah's Fishlake National Forest in Utah there lives a massive grove
of trees called Pando, which is actually a single clonal colony of a
male quaking aspen. Nicknamed the Trembling Giant, this enormous root
system is comprised of some 47,000 stems that create the grove. All
together - with all of the individual trunks, branches and leaves - this
quivering organism weighs in at an estimated 6,600 short tons. It is the
heaviest known organism on the planet, and perhaps even more impressive
is its age. Conservative estimates put it at 80,000 years old, making it
also the oldest living thing known to man.
4. The largest land animal
The African bush elephant holds the title for largest land animal.
Reaching lengths of up to 24 feet and gaining heights of 13 feet, these
beautiful gray beasts weigh in at 11 tons. Their trunks alone can lift
objects of more than 400 pounds.
5. The largest tree by volume
The world's largest tree is a stately giant sequoia, known as General
Sherman in California's Sequoia National Park. This majestic arboreal
master is about 52,500 cubic feet in volume.
6. The largest
The aptly named colossal squid is the world's largest squid species and
the largest invertebrate on the planet. They can weigh as much as 1,000
pounds and can grow to 30 feet long. That's a lot of calamari.
7. The tallest land animal
The title of the world's tallest mammal belongs to the giraffe. The legs
of these even-toed ungulates are taller than many people. Giraffes can
grow to heights of 19 feet and can weigh as much as 2,800 pounds. They
can sprint up to 35 miles-an-hour over short distances.
8. The largest reptile
As the largest of living reptiles - as well as the largest terrestrial
and riparian predator in the world - the saltwater crocodile can reach
lengths of 22 feet and can weigh in at 4,400 pounds.
9. The heaviest bird
The ostrich is the world's heaviest bird, with a weight of 350 pounds
and a height of 9 feet. While they cannot fly, they can sprint up to 43
miles an hour and run long distance at 31 miles an hour.
10. The largest thing of all
In 1998 a single colony of honey fungus was discovered in the Malheur
National Forest in east Oregon that covered an area of 3.7 square miles,
and occupied some 2,384 acres.
The discovery was remarkable in that not only would the massive specimen
be recognized as the world's largest known organism, but based on its
growth rate, the fungus is estimated to be 2,400 years old - and maybe
as old as 8,650 years - making it one of the planet's oldest living
organisms as well.
A MountainWings Moment
(This is a summary of the book, "Rich Dad, Poor Dad.")
It is long, one of if not the longest MountainWings ever, but so many
have had longer periods of financial strain and misery.
If you read this and digest it, it could very well change your financial
future. This is an issue that many will disagree with. The understanding
(and possession) of money runs the gamut. Remember, "RICH" is not really
about having millions, it is about having enough and that varies
tremendously by individual.
"Rich Dad, Poor Dad: What the Rich Teach Their Kids about Money That the
Poor and Middle Class Do Not!"
224 Pages, 2000, Author: Kiyosaki, Robert T./Lechter, Sharon L.
Rich Dad, Poor Dad - The Summary of The Book
Some people generate an adequate living working for others; some do
quite well while many people don't do well. It is estimated that less
than 16% of Canadians have more than $100,000 in their retirement funds
while 38% have less than $10,000.
Using money to make money is more likely to generate success. Using
assets to generate wealth is likely to generate financial success.
The poor and the middle class work for money; the rich make money work
You must accumulate a small amount (say $5,000) and start using that to
leverage more money. Fear and greed (desire) are the motivators that
actually destroy our potential to get rich.
The fear of being without money motivates us to work. Once we get the
money, greed (desire) traps us into spending it.
The pattern is set. You have joined the Rat Race.
Money does not calm your fears when desire forces you to spend.
You have to avoid the trap.
Rich people often have a fear of losing it all.
A job is a short-term solution to a long-term problem.
You must master the power of money.
When the donkey drags the cart with the carrot on a stick in front of
him, the driver is getting where he wants to go. For the donkey it's an
What intensifies fear and desire is ignorance.
To spend your life in fear and never exploring your dreams is cruel.
Choose your thoughts. Think long term and ask yourself: "Is this the
best possible solution to my problem?"
There is an old expression that "I am too busy working to make money."
When you are too busy, you miss many opportunities.
You often go into a restaurant and see a lot of things done wrong. Why
can't the manager see these things? Because he is too busy working IN
the business instead of ON the business.
You must know the difference between an asset and a liability.
Rich people acquire assets; the poor and middle classes acquire
liabilities. Liabilities include a fancy boat, a fancy car and a fancy
These drain your cash.
Liabilities add to your expenses because they have to be supported
An asset is a stock portfolio that pays dividends and grows or a rental
property that generates positive cash flow.
You don't have to pay money to support an asset. It doesn't decrease in
value. It adds to your income.
It's not the numbers - it's what the numbers are telling you. It's not
the words - it's the story.
If you earn your income from a job, you pay taxes and then your
expenses. If you earn income from a business, you can write off a
certain amount of your expenses and then pay less tax.
The rich buy assets.
The poor only have expenses.
The middle class buys liabilities they think are assets.
Is McDonald's in the hamburger business? Maybe, but they are the largest
real estate owners in the world. They own more real estate than the
Catholic Church. Their profession might be selling hamburgers, but they
are in the real estate business.
Your business revolves around your asset column, not your income column.
Keep your day job, but buy assets (real estate), not golf clubs and
Things to buy: businesses that don't require everyday attention
(otherwise it's a job) stocks, bonds, mutual funds income-generating
real estate royalties notes (IOU's), anything that has value, produces
income or appreciates and has a ready market.
Have a stock market investment strategy; have a real estate strategy.
Minding your own business means building and keeping your asset column
strong. Once a dollar goes into your asset column, keep it there. It
becomes an employee that will work 24 hours a day for you.
Buying a luxury on credit is a cardinal sin!
The rich control the changes in tax law.
Corporations get the tax breaks.
Are you working your way up the corporate ladder?
Why not own the ladder?
Financial IQ is made up of 4 rules:
Accounting - financial literacy is essential
Investing - the science of money making money. This involves strategies
and formulas. This is the right (creative) side of the brain.
Understanding markets - The science of supply and demand. The economic
sense of an investment.
The Law - Understanding how a corporation can take advantage of tax laws
that the individual can't and how to take that advantage.
The rich with corporations - earn - spend - pay taxes.
People who work for corporations - earn - pay taxes - spend.
One thing that holds us all back is some degree of self-doubt. It is not
so much the lack of technical information that holds us back, but more
the lack of self-confidence.
Information is the key to wealth.
If you can get the cash flowing in your asset column, it is more
powerful than the cash flowing in your income column.
Investments like RRSPs in Canada allow you to invest before tax. You
only pay the government after you have earned your income from the
assets. You can shelter profits in real estate in the US.
Leveraging real estate has proved a very popular way of getting rich -
there are no taxes until the property is sold.
Look for good deals.
Talk to bankers and brokers and insolvency people.
It is what you know that is your greatest wealth.
It is what you don't know that is your greatest risk.
A reporter interviewing Kiyosaki (the author) said, "I wish I were a
best-selling author like you."
She said her novels seem good but don't sell enough.
Kiyosaki told her to go on some sales training courses. She thought that
was beneath her. He said, "I am a best-selling author, that doesn't mean
I'm the best writing author. I am a terrible writer."
(He had to get someone to co-write the book with him).
Most people "are one skill away from great wealth." When it comes to
money, the only skill most people know is hard work.
Kiyosaki left well paying jobs when he thought he had learned what he
could. He picked Xerox to give him a good background in sales.
Management theory: "Workers work hard enough not to get fired and
management pays them just enough not to quit."
Fifty percent of Americans have no pension and another 30% have monthly
pensions of less than $300 per month.
How many of you can cook a better hamburger than McDonald's? Most,
right? Well, it's McDonald's that is making all the money.
There is no sense cooking a better hamburger if you don't have the
systems to get them out to the market. Focusing on your skills of
building a better hamburger or being a better dentist or better
accountant is not the answer. You need to develop the skills of selling
and delivering the hamburger or whatever you are selling.
The main management skills needed for success are the management of cash
flow, the management of systems, including yourself and time with
family, and the management of people
Sales and marketing skills - the ability to communicate - are the most
important of the specialized skills.
Be a good teacher as well as a good student.
Even after you become financially literate, there are five obstacles
that may stop you from developing your asset column:
Overcome the fear of losing money. No one likes to lose any.
You'll never meet a rich person who has never lost money. How are you
going to handle the fear?
Start investing as early as possible. The power of compounding is
If you really want to go to heaven, you are going to have to die first.
Remember the Alamo! Learn from your losses.
Don't bury your failures, get inspired by them.
You must invest big and take risks. Small investments with safe returns
stay small. You can't possibly get rich, and you very likely won't go
broke. Most people put their few eggs in too many baskets.
I'm not good enough at it.
What happens if the project fails?
If it's such a good idea how come someone else is not doing it?
That will never work; you don't know what you are talking about.
It takes great courage to invest heavily. When someone talks about being
a landlord, they say they don't want problems with renters; they don't
want to fix toilets.
These things get done by others.
You should focus on the benefits of being a landlord.
People criticize instead of analyzing.
At age 66, Colonel Sanders was broke and living on Social Security
He went around trying to sell his recipe for fried chicken.
He got 1,009 NO's before he got one YES!
He became a multimillionaire.
Busy people are often the most lazy.
People are too busy to take care of their wealth.
People are working too hard to make money.
They know that deep down they are missing something.
The cure for laziness is a little greed. Maybe it's apathy, maybe it's a
mind set. What's in it for me if I'm healthy, wealthy and sexy?
What would life be like if I never had to work again?
Habits control behavior. Pay yourself first, before you pay any other
bills. Then you will be motivated to find the money to pay all the other
Look after #1.
What I know makes me money; what I don't know loses me money.
Every time I have been arrogant I have lost money.
So find an expert in the field or a book on the subject.
The hardest part is getting started.
I need a greater reason than reality. It's like losing weight, sometimes
the effort is too much trouble.
I choose daily. The power of choice.
Poor people have poor spending habits.
Latch on to people with knowledge, read, go to seminars, listen to audio
Invest in your mind.
Choose friends carefully.
The power of association.
Learn from all of them, whether they have money or not.
When I seek out people who have money, I am not after their money but
Don't listen to poor or frightened people. Wise investors buy an
investment when it's not popular. They know their profits are made when
they buy, not when they sell.
You become what you study.
So, if you are tired of what you are doing and not making enough money,
change the formula.
Pay yourself first: The power of self-discipline.
If you cannot get control of yourself, do not try to get rich.
It is the lack of self-discipline that causes most lottery winners to go
broke after winning millions. It is a lack of discipline that causes
people to buy a new car as soon as they get a raise.
Don't focus on your "profession," focus on developing management skills:
Managing cash flow
Managing personal time
Don't get into debt in the first place.
Keep your expenses low.
Build up assets first.
When you get into trouble, don't dip into your assets to solve your
Savings are used to create more money not to pay bills.
Pay your brokers well. If you want good advice, you have to pay for it.
Make sure your advisors think like you. If you use a real estate agent,
make sure he also invests in property.
Be an "Indian Giver." Put your money into an investment and when it goes
up, take your money back out and do the same again. If you buy some
stocks and they go up in price, sell enough to get your original
investment back and repeat the process.
Assets buy luxuries. When the asset is generating surplus cash flow,
then you use that surplus to buy the luxuries.
The need for heroes.
Copy the heroes: ...Warren Buffett, Peter Lynch and Jim Rogers. Read
their books and follow what they are doing.
Teach and you shall receive. There is no sense in shouting at the fire,
"When you give me some heat I will give you some wood."
The more you teach others, the more you will learn yourself.
Stop doing what you are doing.
Take a break and assess what is working and what is not.
Look for new ideas.
Take classes and buy tapes.
Make lots of offers if you are into real estate.
Check out neighborhoods to see what is happening there.
Jog around them.
Dealing with stocks: Read Peter Lynch's book "Beating the Street."
Why consumers will always be poor:
When the supermarket has a sale, the consumer stocks up.
When the stock market has a sale (a crash), the consumer runs away.
When the supermarket puts its prices up, we stop buying.
When the stock market raises its prices, we start to buy.
Action always beats inaction.