Even though I’m on vacation, I can’t help but work – just a little…

January 25th, 2010

but, then again, my “work” is oftentimes play.

Yesterday, my wife and I went to the Kaiyukan Aquarium in Osaka to see the otters. At this aquarium, they have both river otters and sea otters.

I could watch the otters play all day. In many ways, I think this is how we should be living our lives.


The Renegade Network Marketer

It bothers me to see people go through their days in obvious misery. Why is that? If it’s your job that’s doing that to you, then quit.

Find something that’s fun for you and then do that. Play. Life is too short. Live life like the otter.

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The next time you don’t feel appreciated at work, think of Jack

January 15th, 2010

Jack BauerJack Bauer (the super agent hero of the hit TV show, “24″) always seemed to have a problem with keeping his job.

This despite saving the President and the people of America a multitude of times.

At the end of season 3, he was even fired! Why? Because his boss felt that his prior heroin addiction made him a “liability” on her team. Never mind that he acquired the addiction as a result of his job. (He needed to use heroin to maintain his cover in attempting to bring down the drug empire of Ramone Salazar.) Or that he saved the people of the U.S. from a deadly virus. Or that he quit the addiction. Policy is policy and Jack had to go.

It got even worse. In season 4, Jack, having found steady employment as the head of security for the secretary of state, found himself having to free the secretary and his daughter from terrorists. Once that task was accomplished, his scope-of-work then shifted to working with his former employer, CTU (Counter Terrorism Unit), to stop the melt-down of multiple nuclear reactors around the U.S.. Jack accomplished this task. Then, the same terrorist, got hold of a nuclear war-head, placed on a rocket and launched it toward L.A.. Jack not only stopped the missile from hitting its target, he was also able to kill the bad guy who was responsible. All this in 24 hours!


The Renegade Network Marketer

There was a hitch, though. You see, in the course of doing his job, Jack, again, violated company policy in saving a city from sure doom in leading a covert operation to snatch a Chinese scientist from the Chinese embassy in Los Angeles. The scientist possibly had information that would lead Jack to the bad guy. The Chinese balked at turning him over. But the missile was on its way – at that point know one knew its destination. So, with no time to waste, Jack and his team needed to go in under the cover of darkness and masks. They were successful but during the operation, the Chinese ambassador was killed by friendly fire – not Jack. But someone had to pay. The Chinese learned that Jack lead the operation and so demanded the President hand him over. One of the President’s advisors, worried that Jack knew too many secrets, ordered the Secret Service to have Jack killed instead. With a little help from his friends, Jack is able to fool the Secret Service agent, sent to kill him, into thinking he’s dead.

As a reward for, again saving the U.S., Jack has to take on a false identity and flee the country.

So, the next time you think you are being unfairly treated after all you do for your boss, company or country,
remember Jack.

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This morning I heard on the news that 2009 was a record year for people falling for scams.

January 13th, 2010

Most of those scams had to do with programs to help people save money or make extra money. Given that the economy has been struggling a bit, this should not come as a big surprise.

If you or someone you know is susceptible to falling for one of the 1000’s of “click-here-and-make-money” scams that are roaming the internet these days you may want to refer to an article I wrote almost two years ago for ezine articles titled, 5 Must Ask Question For Evaluating Any Network Marketing Company.

While I wrote this to help people sort through companies that inhabit the network marketing jungle, these five questions will help you filter out the bad companies offering ANY kind of money-making opportunity. This is a simple and quick evaluation process which will save you tons of time and lots of money in the long run.

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On the BlogTalkRadio show on Saturday, Tim Cummings started the discussion..

January 11th, 2010

… by saying that you have to “speak your vision” first. You have to put your goals into words. Then you have to put those words onto paper. And then you have to write out your plan to get there.

This has been proven in my own life. In college (the first two years, anyway) were very successful because I always had a study plan. Before training for my first marathon, I had a plan in place 6 months in advance. Same thing with finishing my first Ironman. In each case, there was a written plan in place. The first two years of my Market America business were successful because – guess what? – I had a plan. Written down. On paper. That I looked every day.

So, as we start 2010, here I am writing out my goals. And from those goals I will develop my plan.

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Being an engineer, this plan will be in an excel spreadsheet – a tab for each goal. There will be a tab for my income goal. There will be a tab for my health and fitness goal. And there will be a tab for my personal development goal.

Will I follow these plans, perfectly. Well, I’ve never been able to follow any of the previous plans perfectly in the past. But I’d always been able to acheive or get close to acheiving the goal. That’s a great feeling by the way. One that’s well worth the effort in developing the plan.

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I’m watching the dollar strengthen and profiting by it…

January 7th, 2010

as I took a long trade against the Japanese Yen.

USD/JPY Jan 7 2010

USD/JPY Jan 7 2010

Since taking the trade on December 30th, we’re looking at about an 80 pip gain – our opening price being 92.290. Stops have been moved up to the 14-day low of 91.127 which brings our risk on the trade down to 106 pips.

If the dollar continues to strengthen into the close, we may add another contract.

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One of my professors back at Michigan Tech, Bruce Barna…

January 2nd, 2010

…said this, “the best engineers are the lazy engineers. They figure out how to get things done the quickest, easiest way possible.”

Out of the 4 years of college, that is what stuck with me. (The other was Dr. Ginn talking about sitting in a sauna, contemplating the steam.)

I still believe that is great advice. However, applying it in a corporate setting is a challenge. Most bosses don’t understand “laziness” as a valid method of doing your job. They want to see you running around, moving your hands and always in a hurry.

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Sitting there staring out the window or the computer screen, nursing a cup of coffee, with your feet up on the desk isn’t quite what they want to see you doing when they walk by your office. They don’t understand that this is your best contemplative pose from which your greatest innovation is going to spring.

This is why, I believe, most great ideas don’t come from within the walls of Corporate America. Instead, they come from between the ears of people who are being “lazy” – sitting on the beach; kicked back in an easy chair; out on an easy jog (ok, that’s not really being lazy); knocking down a cold one with friends.

This is also why, I believe, that Corporate America is in its’ death throws. We’re far into the era of what Timothy Ferriss call the “new-rich” with more individuals realizing that they need to move into the “B” and “I” quadrant of Robert Kiyosaki’s “Cash Flow Quadrant.”

There definitely has never been a better or more exciting time to be lazy.

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Here are the 10 things that I’m going to resolve to do or do better…

January 1st, 2010

…in the next decade:

  1. Listen more and talk less.
  2. Read the Bible for 20 minutes each day.
  3. Help 10 people (not including myself) improve their financial status each year
  4. Learn to play the guitar. (I’ve been wanting to since I was a kid.)
  5. Call my parents and my grandmother at least once per week.
  6. Send my wife a card, every week, letting her know how much I adore and treasure her.
  7. Send birthday and anniversary cards. (I’m terrible about this. Some of my relatives still haven’t received our Christmas card – for last year!)
  8. Become more organized.
  9. Go to bed early and get up early.
  10. Run for at least 30 minutes at least 4 times per week.
  11. How about you?

    HAPPY NEW YEAR!

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A few years ago, I was recommending the book…

December 31st, 2009

….”The Four Hour Work Week” by Timothy Ferriss to everyone I knew. In fact, I occasionally will include a link to it on my blog or my facebook profile. It’s just that good.

Yesterday, I received this email from Jaime Cevallos:

Kevin:

I hope all is well. I thought you might like the link below. You were the one who told me about this book, The Four Hour Workweek. I ended up meeting with Tim Ferriss in New York a couple of weeks ago. Thanks for mentioning the book to me. It changed my life.

http://www.fourhourworkweek.com/blog/2009/12/18/swing-mechanic-jaime-cevallos/#more-2307

TheSwingMechanic.com
888.579.4114

I read a lot of books. And many of them aren’t recommendable. But this one definitely is because it forces you to think about your life in a way that is probably very different from the way you are used to thinking about it.

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Ferriss’ basic premise is that you should first design your life the way that you would like it to be. After that everything else should be coordinated around it – especially how you earn your income. He calls this “lifestyle design”.

This book is not all fluff and pop-psychobabel but is filled with practical steps-to-take and resources to achieve your desired lifestyle. Read the book. Believe me, it WILL change your life.

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The Forex Market Does Not Take A Holiday…

December 29th, 2009

But we did. And in the meantime, our USD/CHF moved up higher – and then came back to touch the 14-day low putting us out of the trade.

USD/CHF Daily Chart

USD/CHF Daily Chart

One of my goals for the new year is to install filters into my trading program in order to keep us out of trades which have a low probability of succeeding. The filter that I’ll be testing will be a 6 week moving average on the weekly chart. The idea will be to check the chart on Sunday evenings to see if the weekly closing price closes above the 6 week moving average in the direction of the trend as indicated by that moving average. If the answer to that question is “yes” we monitor the movement of the price during the week and, if the normal signals give us a go, we take the trade. If the answer is “no,” we wait until next week.

Of course, we’ll want to do this across multiple currency pairs. Otherwise, we may have to wait until 2011 to take a trade if we look at one pair.

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The dollar is strengthening and we’re just going along for the ride..

December 17th, 2009

The trade I have going with the dollar against the Swissie is moving along nicely. On Tuesday, the price closed above my intial entry + 1xATR and so, I added another contract putting me long 2 contracts USD/CHF.

USD/CHF Daily

USD/CHF Daily

I could have gone short the EUR/USD but because a) the USD/CHF broke the 14-day high, first, and then b) the EURO and the Swiss are closely correlated, they are, for all intents and purposes, the same trade.

What is driving the dollar higher? Inflation. Or more appropriately the worry of inflation. Consumer Price Index and Producer Price Index, which were reported yesterday, showed a slight uptick in prices. (This should come as no surprise to anyone who is vaguely familiar with the way our government has been spending money lately. The real surprise is that it took so long!)

The way the thinking goes, if the Federal Reserve and “Time’s Man of the Year”, Ben Bernanke, start getting a wiff that prices may start rising, their job is to keep them from rising to quickly. So while for now the overnight interest rate (the rate the Fed charge banks for borrowing money to lend to you) is at 0.25%, the Fed not have any choice but to begin raising rates next year if prices continue to rise. This is good for the dollar. And, since forex is essentially the futures market, what’s happening now reflects what traders think will happen in the future – i.e. rates are going to go up. Looking at the Fed Funds Rate futures, it looks like traders expect the Fed to start raising in late spring, early summer – so the dollar will be a good trade through then.

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