Category Archives: Business

Computer Entry: Hard Drives

Business, Computers, , , , , , ,

I have been in the computer industry for over 15 years now. I have been to almost every Comdex and CES that you could go to. I have been spending many hours over the last decade thinking about technology and studying it. This will be the first of many blog entries with the name Computer Entry in front, in these entries I will talk about the world of the computer. It may be interesting or very boring depending on where you sit. My target audience is the business owner, not the techie. I will share what I have told hundreds of clients, in an easy to understand format. It will start basic and get more complex as the blog goes along.

THE HARD DRIVE

The hard drive is a small disk that is inside your computer, it is used to hold data for long term storage. (Contrary to what many customers think the hard drive is NOT the tower that you see.) The hard drive is also not your RAM even thought it has random access. Your computer has two main types of memory. First is your RAM, RAM is fairly fast, directly connected to the motherboard, and requires power at all times, even it is the working, short term memory. Your hard drive is about 1% the speed of RAM, it only uses power to read or write data and is MUCH larger than your RAM. You hard drive is where all of your files and programs are stored. The hard drive stores data on metal disks called platters. These work much like you would imagine a record player working with a read/write head on the end of an arm that swings back and forth, it is moved by changing a magnetic field at its other end. On each disk there are thousands of tracks, these are not viable but only magnetic. Along each track the metal is charged by a small magnet on the tip of the write head, the charge will stand for either a 1 or 0.

The first hard drive I used in my first computer was 4 inches tall and 6 inches wide, it was about 10 inches deep. It had 4 platters, each side of each platter was used and contained a whole 4MB of data, for a total of 32MB. The year was 1988. There were a hand full of companies that constantly worked to make the drives smaller, faster, cheaper, quieter, more robust, and most importantly contain more data. Every month a new drive was released that would set a new standard, a trend that is still true today. By 1995 I purchased a drive that was only 3.5 inches wide and 1 inch tall, the same size standard for most of todays drives. It was much faster than my old drive and held 540MB of data. It also used the new IDE interface. Every few years a new standard would come out for communicating the data from the hard drive to the motherboard, but by far IDE was the longest serving, most widely used standard. Not until 2006 was it surpassed in usage by SATA. Sata2 is now the main standard, it is faster, uses less power and has a very small wire which is nice for airflow. We put this type in all of the computers we build.

When it comes to hard drives people really like to focus on speed. Unfortunately the total speed of a hard drive is a complex formula that is very hard for most people to understand, so many people look at just part of the formula and often get misled. The interface used to matter for speed but for now SATA2 is so fast that it is faster than all drives that exist so the interface no longer matters. Lets think about it in easy to understand terms. It is made up of three basic things. First you need to know how fast the arm can move the read/write head. Because you are always moving to and from different locations they take the average and give you that rateing. Usually it is from 3-10ms. The faster the better. Once you have moved the head to the right location you need to wait for the disk to spin and the data you need to move under the head. It could be 1% away or 99% away or anything in between, so most people use the number for the disk to spin half a rotation. The faster the disk spins the shorter this time will be, and also the faster the data will go under the head.

Many people stop here when they shop. They only look at RPM and Random Access Time and think that will tell them how fast their hard drive is BUT they are VERY VERY mistaken. Even high level tech people are fooled by the most important part of a hard drive. That is how dense the data is that is on each track. If you are dealing with very small bits of data it does not matter much, but today most people deal with very large files, you may have to spend a second or two reading one file. There is a drive out there called a Raptor, it has a very fast arm and it spins at 15,000 RPM BUT it only holds 74GB of data on two sides of two platters, the data density is very small by todays standards at 18GB per side of a platter. Now we can take the standard 320GB hard drive that our company uses on our basic computers, it has a slower random access time and spins at only 7200RPM, BUT it uses only one platter, with 160MB on each side. So the Raptor will find the data much faster but the “Slower” hard drive I use reads it 5 times faster once it is found, it only takes a few 100k of data and my drive is now faster. For a large file, or files that are stored in the same order they are accessed my drive smokes the Raptor every time. For many small files the Raptor wins. The Raptor is much louder, much hotter and for 1/4th the space it costs 3 times the price, not a good deal for anyone I know, but their marketing sure sells hard drives.

Another thing you need to think about is gyroscopic forces. You have a metal platter spinning at a rate over 140 times per SECOND. Anyone that has played with a gyroscope will tell you that when you move a spinning object in one direction it will push in another. If the head is over the part that bends the platter could crash into the head and scratch the platter, this what they mean when a drive crashes. To avoid you need to avoid moving a spinning hard drive. Now this is harder than it sounds when you consider many people have a laptop as their main computer. Because of this laptop platters are smaller and spin much slower and they also have a lot of shock absorbing. Some even have features that sense a fall or too much movement and quickly move the head off of the drive to prevent a crash. Even with all of this I am still very careful with moving a laptop too much, and I always back up data from a laptop.

Now everyone has heard about defragmenting your hard drive. What is this all about? Well sometimes, in order to fit the data on the drive the hard drive spits up the file into separate pieces. It is still one file to your os but it is stored in many different fragments, this really hurts speed because for you to read that file you have to read ever piece. If there are 100 fragments it could take a few seconds. Back in the days of DOS and Windows 3.1 it would write the data in the first open slot and was always fragmenting the drive. Each newer OS puts more and more safeguards in place to try to keep this from happening. Now with Vista this problem is almost gone.

I will leave you with the info on the my newest hard drive. It is the first Terrabyte hard drive to only use 3 platters, each with 160MB per side, the highest you can buy. It is 7200 RPM, very quiet and HUGE. Samsung really did a great job on this drive. This drive cost only half the price of that drive I told you about from back in 1995. Impressive how far we have come.

Thanks for reading. For more tech stuff on hard drives go here.

I am torn between all that is possible

Business, Computers, concepts, Entrepreneurship, Inspiration, Marketing, MLM, real estate, , , , , , ,

Right now I feel that I am at a cross roads. I know so much, I know so much that I could never hold down a job, I know what it out there, and working for someone else is not an option. I am a true entrepreneur. Now that being said there is so much out there that I can do but I have limited time and limited focus. I choose to spend a good deal of time with my family because that is a priority. Let me tell you, my readers, what I am thinking about right now.
My main company for over a decade has been Emerald Computers. It was a great business from 1997 until about 2003 but then the industry changed, and got much more cutthroat and less fun. Also the profits dropped out. I lost my passion for it. Passion is a subject I have been thinking about a lot recently. If you do not live your life doing what you have have passion for you are living a wasted life. 80% of people can not stand their job, they can not stand what they now do for a living. 20% of the people their work is their passion, and they love to do it. For years I loved computers, not because of the technology but mostly because I could open peoples eyes up to what is possible and I loved that. But my business did less and less of that and more and more of the grinding out work that was not fun. When the passion left so did the profits. I went from averaging 70 hours a week working my company in 2002 to about 30 in 2005 to almost less than 5 in 2007.

I always was thinking about Real Estate, how it is a business where you make real things that stand there for many years. I know people that drive around a city and point out buildings they had a hand in making a decade before. Also I LOVE the art of the deal, where you negotiate price and terms and come up with a deal. It is like a huge game, trying to get the best for your side in every deal, nothing in business is more fun for me. Real Estate is the land of the largest deals, and the fastest way to make real big money. You can be creative and make transactions by bringing parties and ideas together in unique ways.

Now the problem with real estate is that you need knowledge or you need money. I don’t have this type of money because my computer company took it all, and my knowledge is all theory. I think I know at least 90% of what I know, but every time I think I have it all figured out I find out more I don’t know. Because of this a fear has set in so I do nothing, which is the worst thing of all to do. When you do real estate with no money to invest you will find the deal every now and then but it is far from steady, so I wanted to have something that was more steady.

Because of this I started looking for a MLM, because before Emerald Computers, and even during it I made some good money in the world of MLM business. With all the tools I have for online marketing and communications I figured I would have a huge advantage at any MLM that I would join. So I spent a good deal of time looking into everything that I could do. After looking for months almost all of the major MLM businesses that I saw were promoting a health product that they produced for $5 and sold for $50. I figured out that I really don’t have a passion for doing a MLM that is based on a health product, I think deep down that many of these don’t work, and that even if they do I don’t want to spend my life selling them, I have more important things to do.

So after a while I decided to work with a company called Nouveau Riche. What they do is have a college right down the street from my house. For 1 week every two months they teach a full week of really high quality classes about Real Estate. I bought the CD version of these classes, they were good. Next they provide a community of investors. It all sounded really great, just what I wanted to do. Then I really pushed it hard, trying to find people to invest with, trying to find people to pay to go to the college. They had an event where you could invite people to and they would have a 6 hour sample of classes that were taught by the school. I had been to them in the past, and they were great. At the end they would have a short 30 minute sales pitch for the college. This time there was new leadership and they promised it would be even bigger and better than before. I was really excited. I invited over 100 people. I got 40 people to say they would be there. It was all going well. Then on the day it was backwards, it started out with over two hours of hard sales, worse than if you went to a timeshare. That was followed by even more sales, and then an hour of decent education, followed by 2 more hours of hard sales. The people I had there all felt screwed, and lied to. They wanted education and what they got was this junk. After that day I have not gone to any meetings and have not talked to any leaders in the company, it was a bust for me.

So then I started looking a MLM that was for something that I could stand behind. I set down some rules. First it had to be something that was a good value, it had to save people money or make them money. Next it had to be something that was product driven, I wanted to product to sell the company. (One of my best friends Fred Coit is a big leader in Monavie and they have a great product driven company.) But next I wanted to do something that I would have a passion for. Last I wanted something with no marketing restrictions. You many not know that most MLM companies have many restrictions on how and where you can market, and I wanted something I could hit heavy online, and be creative with my marketing.

After about 2 months of looking I finally decided on SendOutCards, they offered a product that was only 1/3rd the cost of the competition with better service, it was product driven meaning that most people in it only really promote the product. I think that they are the BEST MLM for my style.

Now I am torn. What do I do with my days, I have a computer company, I have a ton of time, energy and passion devoted to getting into the real estate business, which is my true passion. And now I have this new business that is really fun and has a great product. For the last two month I have been floating. I have been like my 10 month old son, I focus on whatever seems the best at the time, but I may change on a whim. Last week a typical day was for me to wake up and talk to a few computer customers, then talk to a real estate agent about some houses then call a few people and tell them about SendOutCards. For the last few months when people ask me what I do for a living I really don’t have a good answer for them. I was at a meeting last Wednesday where I stood up and talked about Emerald Computers and SendOutCards, handed out flyers for SendOutCards and business cards for Capital Active (The Real Estate Company). I must have seemed very confused to some of these people.

So this is where I sit now. Emerald is the business that is putting food on my table, it is what I live on but every time I want to make money I have to trade large amounts of time for it. Sometimes it is easy and I get a call and make $500 in 2 hours, other times I make calls all day and make nothing. SendOutCards could be a huge business and with two months of good effort I could have a team large enough that I could pay all my bills from the money it makes. And Real Estate could make millions with ease and joy if I could get all the pieces to the puzzle together.

So my question for my readers, is this multitasking normal for someone who is a serial entrepreneur, and what would you do? This is interactive so please leave a comment, I will reply to them.

Follow-up is the key to customer growth and retention

Business, Computers, concepts, Entrepreneurship, Internet, Marketing, Money, , , , , , , , , ,

Follow-up is the key to getting a new customer.
Sales Statistics
•    48% of sales people never follow up with a prospect
•    25% of sales people make a second contact and stop
•    12% of sales people only make three contacts and stop
•    Only 10% of sales people make more than three contacts
•    2% of sales are made on the first contact
•    3% of sales are made on the second contact
•    5% of sales are made on the third contact
•    10% of sales are made on the fourth contact
•    80% of sales are made on the fifth to twelfth contact
WHEN ARE YOU GIVING UP ON YOUR PROSPECT?

Follow-up is the key to keeping customers.
Why Customers Stop doing business with you.
•    1% Death
•    3% Move Away
•    5% Buy from a friend
•    9% Sold by a Competitor
•    14% Product Price
•    68% Perceived Indifference

The easy Follow-Up and appreciation solution
So what is an easy way to do both.  You want to keep your image and your marketing message in front of as many customers as possible.  One of the best way to do that is to send out greeting cards.  If you were to send out thank you cards and other marketing to your top 25% of customers you could add as much as 50% to your sales revenue.  If you send follow up marketing messages and cards to your prospective customers you will gain many more customers, and explode your sales volume.

So most people know this, but they don’t do it, because to most people sending out greeting cards is HARD.  They have to shop for them, buy them, write them, stamp them and then mail them.  They have to keep track of what was sent to who and when it was sent.  What if we used the power of the internet to do ALL of this for you.  All you do is log on, select the card, customize it if you wish and click send.  The rest is all done for you.  That is exactly what a great new company called Send Out Cards will do for you.  They have over 8,000 different cards to choose from, organized so that they are easy to find.

Because you are a reader of this blog you have access to a special account where you can get 2 free cards.  All you need to do is go to http://www.sendoutcards.com/az and click on the big red button in the middle.  If you have any questions about this process or if you are ready to take your business to the next level right now email us at dragon@capitalactive.com or call us at 602-579-4919.

Thanks and I hope you act on the message, and take your business to the next level.

The best MLM for me, and why

Business, Computers, concepts, Entrepreneurship, Inspiration, Internet, Investment, Marketing, MLM, , , , , , , , , , , , , , , , , , , , , , , , ,

I finally did it, after about 3 months of research, investigating, going to meetings and trying to figure out what I wanted I finally selected the BEST MLM that I could find.

I have been in many MLM / network marketing companies, I have been to hundreds of meetings over the last 15 years, I have built teams, I have sold products, I have marketed many things but this is the first time that I stood back, and researched the pros and cons of different MLM concepts. You may remember back in April I wrote a series of blogs about the idea of a MLM. You can read them HERE, HERE, and HERE. I never wrote the last two in the series because I was still doing my research. In the process I actually joined 4 other MLM companies even before I was sold on them and all of them did not pan out. But now I finally found the best MLM company I have ever seen, more on that later.

So what makes this company better than anything else I have ever seen. There are so many reasons why. Read these reasons and compair them to any MLM that you are looking at.

Well first it is a product that EVERYONE can use, it is easy to understand, and everyone has a need for it. It also is something that you can easily prove, too many MLM promote a product that you just have to have faith that it works. (Most nutritional companies.) But for me the MOST important reason I think that this is the best MLM is because it is a great value, cheaper than normal way of doing things, and the reward of using this product is measurable and instant. You can sign up and start making money the same day, and with only three sales you are already in the black, in MOST MLM companies it is very hard to become profitable, in this it is easy. There is no other company doing anything even close to what they are doing. They are old enough to have their act together but not too young to be saturated. They are in a multi-billion dollar industry and with a radical new way of doing things will take huge market share from the two companies that have over 80% of the market share. Another thing I really love, is that everyone who hears about this product says something like “Of course that is a better way to do it, sign me up.”

If you are in a MLM now, or are thinking of joining one read that list and objectively think about how the company you are with stands up to all of these things.

The name of the company is something you probably never heard before. It is Send Out Cards. What they do is print and mail physical greeting cards that you select, customize and order online. It is a great business tool, allowing you to follow up and keep in contact with all of your co-workers, customers and business contacts. It is also a great personal tool, helping you make the people around you feel good. If you would like to try it out right now I have set up a special offer for all of my blog readers, you can CLICK HERE and you will receive a free account where you can send out two cards to anyone you like, you can play with all the features and see how it works.

Even if you are already busy building your own business you need to look at Send Out Cards as a marketing tool for that business. What would happen if you were able to follow up with EVERY prospect 2-3 times? What would happen if you sent a thank you note to each of the top 20% of your customers, how much extra business would they bring in. Think about it, try out a demo now.

I hope this blog shows some light on your journey to success. If you are looking for the best network marketing company around this one may be for you, it may not.

Phoenix Business Expo – What Fun

Business, Computers, concepts, Entrepreneurship, Inspiration, Internet, Marketing, MLM, Money, , , , , , , , ,

On June 25th We went to the business Expo. This is a once a year event put on by the Phoenix Chamber of Commerce. It had 200 businesses that purchased a space there. One thing they did that I really liked is that they made the price very cheap so that even the smallest business could afford it and they limited each business to only 1 booth. Most were 10×10, about 50 were just a table around the outside and 5 were larger for the sponsors. I have been to many events where some large company buys up 10 booths to show off everything and drown out the competition. None of this was here.

To me this is one of the most fun things I get a chance to attend during the entire year. You get ideas of what other people are doing. You get to see what people think will be successful. You also get to see booths from distributors for many of the MLM’s, it lets you see which ones are popular beyond the internet.

The motto of the expo this year was “Stay Up in a Down Economy”.

The highlight of the expo was a free seminar they hosted. It was all about the new way of marketing, using relationships, the first speakers was Victoria Trafton from the Referral Institute of Arizona. She talked about how it is so important to build up relationships with your customers and get them to refer your business.

The second speaker was Raymond Lambert. He is an expert at using a website called linkedin. Here is his LinkedIn page. I have known about linkedin for a long time now I even created a profile about 6 months ago, but I never realized how big and important it is. After going to his event I would suggest that everyone create a linkedin page. It costs money to get the advanced features but it may be worth it so most people. He really made it hit home that this is a great way for you to build any business you are in, or to just promote yourself.

The last speaker was Dave Barnhart from Business Blogging Pros, here is his blog and his other blog. He has a business where he helps people unlock the power of blogging.  Most of what he said is stuff that I already knew, but I only knew them because I am a blogger and a techie.   After it was over I talked to him for a few minutes and he was very smart and knowledgeable.  He suggested that I try Feedburner, and that I also try Typepad instead of WordPress because it has many more features.  If you are looking for someone to help you blog you can call me for the basics, but if you really want the advanced stuff call Dave.  (He lives only a few miles from my office, I think I will call him later and ask if he wants to market eachothers products)

As a direct result of this Expo I have already wrote over $1,500 in business and I have reminded many previous contacts about our company.  I have upgraded my linked in page, and added more features to this blog.  I also handed out over 100 business cards and collected about 100 so that I can call them this week.  After the expo was over they had a great reception, free food and 2 hours of mingle time with about 400 other business owners.

All and all it was a great event, that I look forward to all year.

DTV and how some companies can't get around their systems.

Business, Computers, concepts, Government, , , , , , ,

DTV logoSo I am sure that everyone in this country that watches TV knows about this DTV conversion. I mean they have a huge amount of ads and news coverage. So in January I sent away for the coupons to save $40 each. I received two coupons, one I used on Monday (4 days ago) at my local Wal-Mart, the other I kept in case I wanted to try a different unit. The unit I got has the RCA logo on it, though it is actually made by some small Canadian company. It works well, it was able to get 28 channels here in Phoenix, Arizona. 20 of those channels are ones that I do NOT get on cable so I was glad I got it. The picture was very clear, and it even had a digital TV guide converted off the airwaves.

Now here is where the story turns bizarre and a bit techie. See how fast you can figure it out. My second $40 coupon was set to expire on 6/27/2008. Sometimes I am devious, so I figured I would take this chance to test some of the systems at Wal-Mart. You see this coupon looks and works like a credit card. It has to authorize through the credit card network. So I decided I would visit them after 10pm, and it just so happened that 10:10 was the time I got out of my movie so it worked out well. We went there and grabbed the unit, and about 20 other small food items that we needed and went to check out. They rang it all up and like I expected the card was declined. It gave no other message, of course the card looked real and had all the security features, because it is real. The reason it did not work was because the servers that told the cash register if the card was good or not are located on the east coast, or in the case of Wal-Mart, maybe Arkansas. Where the servers are located it is the next day due to the time zone difference, so they said they were expired, but where I am located they were not expired.

Wal-Mart had never experienced one of these cards not working, the assistant manager quickly came over and kept blaming the cashier that she was doing it wrong. After a bit I told them what I thought was going on and the assistant manager called the head manager. They talked for a bit and did not know what to do. The head manager told the assistant manager to override it and just hit generic vendor coupon. That is what she did. Then about 30 seconds later the manager called over and told them to stop, that this would throw off all their accounting, but because the AM already did it they had to void the whole thing. I had to empty the whole cart again and have the re-ring everything again because there was no way to undo the coupon. They figured it out, and I paid my balance and it was all over. All the while the two people behind me in line already had their items on the belt and were waiting.

Now I am going to engage in some techie heresy. Systems are good to manage a company but over dependence on computers, with no way to get around them without messing things up is a recipe for disaster for any company. There is always the thing that a programmer overlooked. I bet some programmer thought about this, and thought the chance of this happening was so remote that it was not worth the 20 minutes to put the code in. But I bet that a lot of people wait until the last day to use their coupons, and some of those may be located west of Arkansas and shop in the evening. But I also bet that no one at Wal-Mart will figure this out, or bother to fix it.

Are you money motivated?

Business, Computers, concepts, Entrepreneurship, Inspiration, , , , ,

I have found that some of my best thoughts have been posted on other blogs. Over the last few days I have written a series of comments on another blog and I would like to share them here.

I had a very successful computer business. I was working 80 hours a week, and it was my whole life. It was not so fun. I wanted much more with my life, so I started to replace myself. I first started by finding people who could do what I did the same or better. This let my focus on other things. I soon took this too far, spending only 20 or so hours a week working on this business, the rest of the time doing other things and working at my church. I also started a few more businesses on the side. Everything was good, then I really started taking it far, I decided that I liked to travel so I soon was spending weeks at a time away, they could still call me but that was about it.

I had put systems in place, the only problem was that I did not put systems to watch the people managing the systems. My flaw was that I thought everyone was like me…honest and money motivated. So I put in place a system where an honest person could make a lot of money by doing fun work that helped people. The problem I found was that most people are NOT money motivated, when they have enough money they stop working, and second I found a few too many people who were not honest. Due to people not being honest and taking my customers and my assets and also due to lazy people who sat on the payroll I lost about 400k in a matter of 2 years. Much of this time I was away, traveling while managers said it was all going perfect, but they were the main crooks.

Finally I took on a partner, he bailed us out financially. Scaled back the business and made it manageable. The damage had been done, and we shut down our retail operations in Nov of 2007. We still try to sell online, but very little comes from that.

I still think that the idea of systems works, and my goal was always to be able to travel, and leave it to people, but the problem has always been the people. In my years I have employed at least 100 people, some were great and some took me for thousands, I just wish I could know in advance who is who.

Then some people asked me questions…here was my answer.

First when I mean money motivated, I mean people that want to earn big money. Most people are fear motivated, they have the fear of not paying the bills, and not having food, and not having a safe place to live BUT once those fears are gone (Once they earn enough money so that they don’t have to worry) very few people that I know will continue to do what it takes to make higher levels of income. This is why 80%+ of people have crappy jobs and are not really striving to do better.

You second question was, what would I do different. Well FIRST off I would have got out of the computer industry back in 2003 or so when it became super price competitive, and there was no margin or market. I also would not have borrowed the 300k+ that I did to keep my company alive, I would have just let it die and go start something else. But if I had to keep the company I would have had more time mentoring the employees. I would have spent more time figuring out who was good and who was bad and got rid of the bad people. I would have been much quicker to fire people, and slower to hire them.

I also would have spent a lot less money on print advertising and spent a lot more money paying people to make phone calls and go door to door. Our return for that was at least 20 times higher than any print ad we ever did.

600 Word Essay, for 7m7y

Business, concepts, Entrepreneurship, Inspiration, Money, , , , , ,

Over the years I have always known that I was different, I could not even think of getting a job, I had to be my own boss. I have always seen ways to do things better, ways to make more money and systems that could be done to make it all work better. For most of my life that has worked out very well for me. But recently I have lost my way. One big reason, I believe, is because of the people I am around. They try to talk me out of the ideas I have. I don’t have many friends that are successful the way I want to be, and when I have found successful people I get some information from them but mostly they don’t see me as a peer. So a few months ago I started blogging, I used wordpress. I was able to find many other people who thought about success the way I did and some of them even had achieved it. I quickly found google reader and added the top blogs I liked to read to my reader.

I was now finding a ton of useful information. But I knew I needed more, I needed to find successful people that I could hang out with, bounce ideas off of. I needed a mastermind group, I found a few local ones, they were very expensive to join, and the people in there were great at running their business but not really what I was looking for. I also went to seminars, I found a few really good people there, one guy who I sat next to, was cynical about the content and did not stick around, we talked a bit so we traded cards. I told him I would call him later with a summary of what he missed. So I did just that, and when we talked he told me that he was a large commercial real estate investor, (Something I always wanted to do). I knew of many of his projects, most of which are worth tens of millions. A few weeks later we met for lunch and we talked for about 2 hours. I got great encouragement from him but he was way out of my league, he did tell me that if I ever found some good deals that I should call him up.

Around this time, AJC, the author of one of the blogs that I read regularly, 7million7years, decided to have a contest. This was a contest for this multi millionaire to personally mentor and help 7 people. This guy was the real deal, and even better he was a techie like me, he made his money in business and also in investing in real estate, everything that I wanted. This was what I was looking for. So I signed up. I was hoping to finally find the key that had been missing, to find the wherewithal to finally go out there and get what is mine. He first asked for an application that I quickly filled out, next he asked for a 100 word bio, I also quickly sent in. Next he posted that bio and tested the finalists on how to drive traffic to it. I did a popunder and a 120 second refresh metatag from my most popular site, I also mentioned it here and here in my blog. I also sent a few emails to friends to go look at it. I made the top 30, now I doing the next test, a 600 word essay, so that I can make the top 15.

I made the top 30 in 7m7y.

Business, concepts, Entrepreneurship, Inspiration, Investment, Money, real estate, , , , , ,

I don’t know if you remember.  But a few weeks ago I told all my readers about how I was entered into a contest called the 7 Millionaires in training.   Well last week the announced the top 30 and I was in it.  On thursday of next week I will be hoping to be in the top 15.  From there it will be the final 7.  The prize for this contest is something really cool and really great, it is a mentorship from a highly successful serial entreprenure and real estate investor.  It does not say how long this will last but I bet it will last until most of the final 7 are millionaires, at least that is my hope.   Cross your fingers and wish me good luck., God knows I need it.

His blog is really good, find it here, he has written many of my favorite articles like this, this and that.

If you would like to tune in, there is a web broadcast show every thursday night at 6pm PST.  Click here.

Very interesting article from a counterpoint. The Lottery Class

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I have always believed in counterpoint, or whatever the proper name is. I define it as reading from someone or something that is totally opposite of what I believe in. I do this for a few reasons, first to see where their point has logic so that I don’t become completely one sides. Also to see what is in the mind of the person I may one day debate.

This year, as you know, is a presidential election. I am a republican, I have always voted republican, and I plan to do so. I simply don’t believe that the government should be in our personal lives as much as they are. And every democrat I have ever heard wants the government to have more control, more rules, more of my money, and do more things that I disagree with.

Now that all of this has been said democrats OFTEN come up with interesting points. I have been a subscriber to the MoveOn.org newsletter for over 4 years now, but recently I have have been reading and writing blogs, one that I found early on, and is full of good info is one by Jon Taplin. I will say that most of the time I totally disagree with him. But when he is just stating facts, his facts are very interesting. Today he posted an article about ‘The Lottery Class” You will notice something VERY interesting. The poorest people spend over 5% of their money on the lottery. These people also spend at least 5% of their income on transaction costs that the rest of us usually get for free. I mean, they pay to cash checks, then they pay to buy cashiers checks. Also many of them pay a huge amount of their income to very high, and often abusive fees for borrowing very small amounts of money.

I have never been able to understand the logic that many of these people have. I had a good friend that was like this. Was always borrowing at 20% per month interest rates and such, he never had money and over 10% of his income was going to these things.

About a week ago YouTube featured a video that was made by and about this subject. It was crazy, but so real in the subject matter. Please watch this video. It helped me understand this underbelly of our economy a bit more.

[youtube=http://www.youtube.com/watch?v=iAKJKBCyPUY]

Now what should be done about this. Well first off even if rates were lower these money loaning companies would be still highly profitable. Here in Arizona they are getting ready to regulate these much more. I am PRO government regulation that protects people, I am against government regulation that makes the burden on all of us higher, such as having to file a Tax Return.

Lottery’s are almost always ran by the government and the profits go to the government at the expense of the poor. State and local government have gotten very used to the money they receive from this. (Not to mention the 8% or so that the place selling the ticket gets) Now you should not totally get rid of the lottery because a certain amount of our society will resort to illegal betting to get their fix, but you CAN have the government stop promoting it. They can stop all forms of advertising, they can stop listing the numbers on the news broadcasts. You could also limit the number of places sell it, to say only places that have a liquor license. That would remove the kiosks in the malls. And of course they should remove the automated vending machines that people under 18 use to buy the tickets.

I have not played the lottery in a decade or so, and in my whole life I have spent under $50 on tickets. But the lottery is such a rip off, they only pay back 45% or so of the money to the winners. And even when they do that the government takes 40% of the winnings of major winners in taxes. Basically half of all money spent on lottery tickets is a donation to the government, and comming from the people who can least afford it.

That being said I am not so strict on gambling. Games of skill such as poker are much more fair, you can have a positive expected return based on your skill. And games that payback almost all of what they take in are better, they are more like entertainment. For example craps, if you play the passline, pays back about 98%. So if you bet $10, and do it 100 times (Which would take HOURS), on average you will only lose $20. Sounds like a lot of fun for a small cost. Black jack is about the same if you play correctly. Even slots are MANY times better than the lottery, though MUCH more boring.

In the end people need to think a lot more, keep their eyes and mind open. Too many people walk around, close minded, they do things in the old ways and get the old results. Poverty and being out of control of their life.