the Millionaire Messenger

Ever wonder much much a speaker earns?

The gurus and the experts?

What is it that they do that normal folks cannot do?

Is this the "expert industry"?

Well. at USD25,000 per talk... it is worth your while to find out how they do it...

... if you can also connect the dots!

Some summary on parts of his book:

Map  : 6 Pillars Writing, Speaking, Seminars, Coaching, Consulting, Online Marketing
          :  5 Steps  1. low priced  product ( $10-$200)
                           2. (low priced )  Subscription ( $97)
                           3. Mid Tier Product ( $200 - $999)
                           4 . High tiered Multi Day Seminar ( $1,000 per person )
                           5. High Priced Coaching Programme ($2,000 er person per month)

Mindset : (1) Self worth; Obligation
 ( Why)    (2) Learn, Create
                 (3) Small business is not small-mindedness!
                 (4) Student -> Teacher---> Servant
                 (5) Mastery ---> Keep digging!

Mandate :
 ( How)

You can also visit his website at http://www.brendonburchard.com/...

And he has just launched a book called "The Charge"...

In which he outlined the Human Drives ;

BASE LINE                                    FORWARD
(1) Control                                      (6) Change
(2) Competence                               (7) Challenge
(3) Congruence                                (8) Creative ( expression )
(4) Caring                                         (9) Contribution
(5) Connection                                 (10) Consciousness

Sometimes I wonder whether motivators are just great therausus users... or are they also good ideas "repackagers"... or are they just talking things that w e want to hear?

Just like Rich Dad series of books.... one general theme that get overplayed over and over again!

But these people get paid... and get paid very well for their speeches ( or repackaged speeches)....

So, do you want to be paid for repackaging things and add a little here and there?

Sucessful NLP

Can Excellence be Modeled?

If you follow exactly what Tiger Woods teaches you, can you be the next Tiger Woods?

Well, NLP seems to suggest that Excellence can be modelled.

NLP seeks to Inprove Communications, Change Behaviour and then Models Excellence so that we can more of what we want, and less of what we don't want.

So, what is the difference that makes the excellent different?

NLP?

Secrets of Highly Profitable Traders

All traders , take note... BUY this book...

It is in the ranks of Markets Wizards, Secrets to Millionaire Forex Traders, Trading for a living, Trading in the Zone..

Here is the Summary for the 2nd Trader interviewed : Collin Seow

(1) ETET
(2) 20SMA and 40 SMA
(3) Trading Journal vs Outcome Journal ( Precession Effect )
(4) Breakout Entry vs Retracement Entry
(5) Stewardship vs Ownership
(6) Humans : need to be right
                      tendency to make simple things complex ( especially high IQ people )

Set Yourself Free

This is a direct confrontation with the ideas of Rich Dad.

Rich Dad advocates getting rich from middle class, but Yap Ming Hui suggested a more conservative route via Money Optimisation, ie  a shift to the right from the Left Column Rat Race.

On the Left is the Money making Abilities.....   Right is the Money Optimisation Abilities

     High                      Rich                                            Wealthy
     Medium                 Middle Class                               Financially Free
     Low                        Poor                                            Self Sufficient



This is his Money Making/ Optimisation "quadrant"...

And his Optimisation Plan is pretty straight forward periodic reallocation of asset classes between :
 (1) Cash   : 20%
(2) Bonds : 30%
(3) Equities : 50%

He is an advocator of dolar cost averaging , so be in for along haul ( 5 years of more) to see results.

Many of the Retirement Visualisation charts are from his previous book "The Road Map to Financial Freedom.

But his new additions are :

(1) The Money Abilities / Optimaisation

(2) the Asset allocation model of 20:30:50 between cash / bonds/ equity

(3) The challenges to financial freedom : low income, competing wants, tempting spending habits, inflation, too many products, too many financials agents.

Conclusion : a middle speed train, no need to sleep in cars while optimising your money.

Many free financial tools can  be found at his website www.yapminghui.com 

Pleasure

If you suffer from any form of addiction, take heart that this could just be a medical condition and it's curable!

Research is done by the author that humans have a pleasure zone in the brain that can be activated by the presence of drugs, alcohol, sex, gambling and even exercise. Tests have been conducted to show that electrodes placed on certain parts of the brains can actually stimulate the pleasure zone.

Read about amydala ( which controls emotion) , prefrontal cortex, hippotamus ( memory), VTA( ventral tegmantal area ( pleasure), medial forebrain pleasure circuit ( pleasure )... and a host of other brain parts that control motor, emotive and cognitive functions. I wonder why my Bio teacher never thought me these... save showing us that clump of brown mass immersed in chloroform!

Read also of the process of addiction : tolerance, withdrawal, craving, relapse... 

And also why some people find uncertainty highly addictive!

And how meditative practices can cure addiction...

And many many more biological terms that I cannot possibly remember...like LTP, LTD...

Heads off to doctors , man....

The Solomon Secrets

This book has many similarities with the " Richest Man in Babylon" in that they both draw wisdom from Solomon, and that there are many quotes from the Bible.

What attracted me was the idea that All things need time , in their own time. "...Have the wisdom for restraint..."

He also mention the idea of CRAP... in that soil needs crap in order to be rich, to grow good plants. Hence the more crap you receive in your life, the better and stronger your character.

Many ideas are quite conventional. Like Living below your means. , You need to have a PLAN.

Easy reading , with plenty of quotes from the Bible.

Technical Analyisis for Dummies...

Back to Basics... you will always find new things in the Foundation book that you have first read...

For one to be an author of a DUMMIES series, one must have the necessary education, experience and competence in that particuloar field...

I have no doubt that  in this author , judging from the content and context of the book...

Here's the nuggets that I have re-discovered :

10 secrets of top technical traders :

(1) Trust the chart
(2) Befriend the Trend
(3) Understand that you make Real Cash when you close
(4) Take responsibility ( dont listen to rumours; make sure the prices has turned up before buying, dfensive trading; no such thing as luck)
(5) Avoid Euphoria and Despair
(6) Concentrate on Making Money , Not Being Right ( use PHD, not 6 sigma!)
(7) Dont turn Winning Trades into Losing
(8) Avoid the temptation to Curve Fit
(9) Know when to Hold and When to Fold
(10) Diversify

And the 10 rules for using Indicators

(1) Listen to Prices
(2) Understand your Indicators
(3) Trade what you See ( if you cant see dont trade; look left for higher time frames )
(4) Use Support and Resistance
(5) Follow the Breakout Principle
(6) Watch the Convergence and Divergence
(7) Backtest the Indicators
(8) Know that Your Indicator will Fail
(9) Agree that No secret Indicator Exists
(10) Use Favourites

There was a Section on Expecting a Positive Result whereby the author gave an example of A, B, C , D setups aith the corresponding 20% chances of being correct ( and should wisely be used to position size accordingly)

A trick to enhance the Positive Expectations :
(1) Entering Gradually ( as the setup signals unfold...A, B, C...)
(2) Exiting at Once

This , she term as ...Efficient Entrance.... Ruthless Exit