Tiring Of Guru Books

Seems every guru in any field eventually gets to a place where they just write books because people will buy them. This is unfortunate because it diminishes the perceived expertise of the guru and makes it a pure money grab. When I begin to think of some of the topics covered, either the guru writers start writing fluff or in areas they have no expertise in.

I liked Jeffery Gitomer when he talked about sales. His “bit” was he is a straight shooter, but nowadays he started selling books in every hue of the rainbow.  Books on cha-ching and attitude, which are fluff.

Then there is Brian Tracey who also was known as a sales guru. He now has books on learning, goals setting, motivation, and child-rearing. The sad part is if one buys these books, it is just a regurgitation what you probably know or read, because this writings are not he learned and developed through hard knocks, like his sales skills.  He doesn’t have true expertise in these areas.

That is why I like Tom Hopkins of Master the Art of Selling. He wrote this classic and just built his career on it. He keeps it updated but doesn’t dilute it or himself with fluff writing that is a pure money grab. Wish more business writers would follow his example.

A blog postscript: Los Abrigados Sedona is best reached by jet aircraft charter. Sedona has a high average for house value estimate, which many people in northern Arizona can find the native american humor in.

The Road To Riches

Having a discussion recently with someone about best road to wealth.  The recent anecdote was a millionaire who claimed it was daily goals.  “I am going to make $x amount today.”  Now, I am not one to argue success, and really don’t disagree.

What I have discovered as a common denominator among wealthy individuals is to write down a plan.  Some are long term, and that is fine.  Others, like our individual above, who do it very short term don’t write it down necessarily but it is their focus for everyday.

I guess the one caveat I would add is regardless of writing a plan or not, short term or not,  that the plan be followed up by action.  Best plan in the world will not bring anything in unless it is acted upon until achieved.

A blog postscript: When you reach your wealth goals try traveling in private jet rental using a private jet membership. Perhaps you would like to visit the Enchantment Sedona Adobe Grand Villas Sedona resorts.

Looking To The Past To Correct The Future (Part One)

With the current economic crisis I have heard hardly an answer what needs to be done long term.  The only refrain is regulation, but the question is what regulation?  My biggest frustration is that everything that has happened has happened before.  Why not start there?

Saving And Loan Crisis

Banks selling loans to each other creates a web effect that brings everyone down.  This is one cause of the Savings and Loan Crisis and primary cause of the current housing crisis.  A solution is to make every institution that lends money, hold the note for the duration of the loan.  It cannot be traded or sold.  This would make lending institutions much more careful who they lend to and the terms of that loan.

The housing crisis was created because mortgage lenders wanted any name on the loan papers to sell the paper.  Makes sense, if I leant you ten dollars and you said you would pay me back twelve, I might have some question before I handed over a ten spot. Like how long until you pay me back, do I know you or trust you, do you have money coming in (how are you able to pay me back)?  However, if I knew as soon as I gave you ten bucks, I could sell your debt for eleven dollars, I would made a fast buck.  Now, if only I can give away 1,000 ten-dollar loans under the same conditions, I make myself $1,000 in an hurry.  Plus, I don’t care if you or whoever can pay back the loan, that is the sucker paying me eleven dollars problem.  The sucker is now waiting for you to pay back twelve dollars, hoping you do.

If every institution- cars, housing, financial lending, had to wait to be paid back the money from the person they leant to, they would be very careful who they lend to, how much they lend, and the terms of those loans.  This not sell policy would make all our lending institutions very solid institutions.

Be sure to visit my Squidoo lens on candle burn times and burning candle wick.