Mastermind Resources
Investing - Stocks - Technical Trading and Tools
Investing - Mutual Fund Switching
Taxes Strategies - Sandy Botkin
Investing - Stock Trading
"Fundamental trading" is the use of financial data to make trading decisions.
"Technical trading" is the use of charts to make trading decisions.
Good traders tend to use fundamentals for stock picking (who & what) and then refer to technical chart as an indicator for marketing timing (when).
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Real Time Trading Tools
There is a large community of people who follow the Worden Brothers www.worden.com.
They use a tool called to TC2000. TC2000 tracks real time “money flow” trends in real time. I do recommend that you visit one of their free seminars that next time you’re in town.
You can often attend a free workshop in a city near you.
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Moneycentral at MSN.com
Try http://moneycentral.msn.com
In picking a stock, watch for the StockScouter Rating. It’s an indicator from 1 to 10. 10 is good. The scouting tool rates past performance.
Technical Trading Example:
I am long time trader on BRCM. I compare the daily price to the 50 and 200 day moving averages.
Note the chart below , the stock price broke below the 200 moving avg on 7-1-2004 – a sell sign. On Nov 1 the price broke above the 200 day moving avg – a buy sign. When all the lines converge at once, it's a time of uncertainty.
<click on the chart to go to Moneycentral.msn.com>
Investing - Mutual Fund Switching
The information below comes from the Infinite Wealth seminar hosted by Dr. Van Tharp. I have just heard about it Jan '05.
Voices on the recording include include Dr. Van Tharp (host), Ken Long (speaker), and John Burley (co-host).
Web Sites
Dr. Van Tharp - Infinite Wealth Seminar - www.iitm.com
John Burley - www.johnburley.com
Tax and Entity
I highly recommend a tiny booklet about entity structuring from www.sageintl.com (I.e. “Incorporate and Grow Rich” book fame).
This is solid evidence that many training/seminar companies depend on their entity and tax knowledge from Sage
SEE PAGE 8-9 – Money movement strategy using dual entities.
SEE Page 10 – For Tax stuff
Taxes with Sandy Botkin
This is the home study course Sandy sells at his seminars – I listened to it in 2000. It’s the best.
Learn more from Sandy’s site http://www.taxreductioninstitute.com
Masterminding
People talk about masterminding, but I’ve never seen the process explained in a book. There is probably a good authority/source out there… I just haven’t come across it. Maybe there is a reason for that… I liken the explanation for masterminding like riding a bicycle. That is - people explain the features and benefits of cycling but seldom the learned process of how to balance. Balance can’t be taught, only learned… (catch my drift?)
There are 30+ different revisions of Think and Grow Rich (T&GR). I have ISBN 0-449-91146-2. Masterminding is discussed on page 167. No procedure is given.
My Thoughts on the Procedure of Masterminding:
Masterminding is a conversation on a concentrated subject. The masterminding effect takes place when a specific question is asked, followed by a polling of responses from the group. The repeated process of mental concentration and relaxation (a space in the conversation to allow answers to formulate) on the topic intensifies the depth of the conversation until a “break through” happens (referred to in the book as “infinite intelligence). The “mastermind effect” gets credit for creating “breakthroughs” because it was derived with the “harmonious coordination” of multiple minds (no one mind came up with the solution).
There are many elements about masterminding that are implied (a few listed below). They’re talked about in the book, but how they work together to create the “master mind” is not well explained (procedurally). I suppose this is because how the brain works wasn’t understood back in the 1930’s when the book was written. The brain and thinking are better understood now so the mystical jargon back then is now mostly science today.
Key elements of Masterminding:
* Language – Questions, Words
* Repetition – building neural pathways
* Relaxation and Trances – access to the subconscious
* Concentration - access to the conscious
* Spirituality – access to the super conscious
You’ll find much of this in our ordinary activities such as education, prayer, conversation, meditation, hypnosis, practice, or a yoga class. It’s masterminding acted out in various forms…
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One of the best resources I’ve ever found on masterminding is a .ppt file I found on the Internet back in 2001. I captured it back then and saved it just for you. Attached. It’s great! It’s the kind of thing an instructor would use to teach people about what masterminding is. Better than T&GR.
MasterMinding PowerPoint Presentation .ppt 2M
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If you find this useful, send to the rest of our MM group. If you find it weird, pretend you never saw it.
Personal Development
Much of this section on personal development comes from information and personal experiences gathered from the seminars listed further below. This information here is a collective summary of all the seminars:
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I recommend organizing a personal development plan in to 7 categories.
Intellectual and Emotional Mastery – the “mind” (thinking, creativity, decisions, innovation, education… / Emotion: meaning, love, happiness, fun, excitement…)
Physical Mastery – the “body” (energy, charisma, movement, sports, health…)
Spiritual/Purpose Mastery – the “spirit” (soul, purpose, contribution, philanthropy, religion…)
Relationship Mastery – love and our connection to others (love, family, friends, partners, peers, leadership, influence…)
Financial Mastery – the laws of abundance (business, real estate, investing… / Deal making…)
Time Mastery – the application of our personal energy to achieve a particular result for the time we’re given (activities, results, planning, scheduling, strategies…)
Life Mastery – (a catch all) putting together all of the above with the ability influence others to magnify our efforts (environment, laws or nature, rules of the game, style & entertainment, fun!!..)
By organizing a plan as such, you’ll conform to a “life mode” that’s become the defacto standard. It exists everywhere but it takes the awareness to “see it”. There are great thinkers/leaders known for each category and I’ve listed them below. It’s my belief that no personal development plan should be with out a clearly defined “model” and the “master mentor” for each category. I would like to see something like this “mapped out” in your plan (i.e. a “vision board, passion picture, or life map as they are sometimes called ”)
Examples / Sources / Proof:
* The book Think and Grow Rich (T&GR) covers the above in 13 Principles (powers of concentration, development of physical energy and charisma, relationships and etc.). I think this book can create a more powerful vision for anyone that reads it.
* Today’s modern masters like Bob Procter, Jim Rohn, Zig Ziglar, Tony Robbins, Brian Tracy, and etc… almost universally credit their material from Think and Grow Rich.
* A common 3-category life model you commonly see is Mind-Body-Spirit (ie. the YMCA uses this as their creed). Although it’s covered in 1 though 3 above, I think it comes up short by not covering 4-7. However, heed the clue “mind-body-spirit”.
* Common things like newspapers (USA Today, Wall Street Journal)
* If you visit the self-help section of the bookstore, you can generalize the book titles in to these categories - this is also a clue. Its part of the awareness you talk about.
* These are foundational. In my view, mastery in some or all of the areas above form the foundation an extraordinary life (i.e. it’s sometimes referred to as an “enlightened person” or an “integrated being”). Some people are gifted with it, for others it’s a learned process (sometimes over a lifetime).
My Point is:
* Keep it simple
Suggestions to the .XLS:
* Keep it simple
* Read T & GR first. Drop everything else until complete. It’s that good. If you’ve already read it – takes notes or read your notes.
* Organize your life in to the 7-catagories above as a “Vision Board”
- break out the crayons and magazine clippings… Organize your board to something like the above diagram…
- Organize/Streamline all the PD materials you ever collected in to the 7 piles above. Discard oddballs (if any).
- Read/Study a classic book of personal development listed below (1 book/author per category).
* Think less in terms of tasks, and more in terms of results (what would the tasks do for you?). Master’s speak of this as “results focused” (not task focused)
* I would cut all re-reads and re-dos. That information is already within you…
* I would cut networking activities as a “task” a live as if you’re always networking… Try repurposing that time to call people you already know who can help you??
* A variety of activities can be condensed in to one seminar.
Accelerators:
* Accelerators are things like seminars that can totally immerse you in a subject and save you time.
* To condense the time it takes for you to read and re-study, try reading The Photoreading Whole Mind System
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Modern Master of Personal Development (the Foundation of a Plan)
I would recommend 1 book/author/master for each category above and adopt ideals to see if they work for you (suggested Personal Development plan):
Mind – Awaken the Giant with Within – Anthony Robbins (Optional: As a Man Thinketh (Intellect), Emotional Intelligence - Daniel Goleman)
Body – The Zone Diet, (Optional: Deepak Choppra)
Spirit – Celestine Prophecy. (Optional: Deepak Choppra)
Relationships – Men are from Mars, Women are from Venus, Gray. How to Win Friends and Influence People – Dale Carnegie
Wealth – Think and Grow Rich, Hill. www.liveoutloud.com, www.johnburley.com,
Time – 7-Habits of Highly Successful People, Covey
Life - www.tonyrobbins.com, www.landmarkeducation.com, your church/religion, etc…
Well, this email helps me a lot. Thanks for listening…
BTW, I’ve authored a couple of projects regarding the topics above:
* A life model project called www.wondersinmotion.com
Both are incubating and waiting to hatch…
Seminars
Seminar and Speaker Reviews
www.tonyrobbins.com - motivational speaker. UPW - the "Firewalk" experience, Date with Destiny - life purpose and future planning, Wealth Mastery - financial planning and stock trading, Life Mastery - comprehensive emotional, physical, relationship, and life planning, Leadership Mastery - influence skills.
www.keystothevault.com - Keith Cunningham
www.marsvenus.com - Dr John Gray
www.liveoutloud.com - wealth training, Evolution of Wealth, Loral's Big Table
www.johnburley.com - Real Estate Boot Camp
www.taxreductioninstitute.com - Sandy Botkin - taxes with goofy yet fun humor. Distributes his products via MLM.
www.markvictorhansen.com (MVH) Mega Book, Mega Marketing, One Minute Millionaire) Look for Mark's new book Cracking the Wealth Code.
Janet Switzer - building information empires. The master marketer behind MVH, Jack Canfield, and Jay Abraham
www.dankennedy.com - master of direct marketing - world renowned copywriter. Renegade Millionaire program
www.alexmandossian.com - master online marketing
www.whybrandu.com - branding, Los Angeles
www.petermonotya.com - personal branding
www.thevoicefactory.com - voice acting with Taylor Korobow, San Francisco
www.rogerlove.com - vocal training
Other seminars/speakers I have not attended but are very popular and have huge followings
www.naphill.org - Napoleon Hill - Think and Grow Rich
www.dalecarnegie.com - sales training
www.e-myth.com - entrepreneur training
www.richdad.com - wealth training
www.deepakchopra.com - mind, body, spirit enlightenment
www.landmarkeducation.com - personal development
Poor Reviews
www.thearkinc.com - Stephanie Olson with ties to Lisa Tom, CPA .
www.loralsbigtable.com - Loral Langemeier
Tools and Techniques
Mind Mapping - Tony Buzan
Photoreading - The Photoreading Whole Mind System