Below are some of the articles that Eric has written. We hope you enjoy them.
You may reprint these in your newsletter in its entirety if you clearly credit the Author & link or show the website that they were downloaded from.
To discuss a speaking engagement call Lila at 330-455-4663.
Private Lending-Both a Good Borrower & Lender you could be
Buy what is “On Sale”
You Can Choose Excuses
What is Your Strategy
Fiat or Death-a True History
Bail-In: Just How Safe is Money in the Bank? No more bail-outs…Now they will do a Bail-In, directly from your bank account.
COVID-19, the Government & the Economy: What Were We Thinking
25 Ways to Buy Real Estate-If you can not find a good deal, shop somewhere else!
Other 3rd Party Articles:
How to Make Your Investment Property Appealing to Renters-By Seth Murphy
Bitcoin Whitepaper– If you are interested in Crypto Currencies, this is where they all started.
PAX-Gold-Whitepaper– Interested in learning about Bitcoin, but would never invest in anything so volatile? There are Stable coins that are tied to the value of real assets like gold. Here is one concept paper on PAX Gold.
The following are some of the rules & quotes that we use in our trainings.
Always remember that the only difference between you 5 years ago & you now, is the books you read & the people you spend time with. In other words your experiences and how you choose to embrace them. If you want to be in a different place 5 years from now start thinking bigger, reading more, spending time with people that do what you want to do. Live trainings, business and REIA groups are a great way to find these people. In our Links sections we list some of our favorite conferences. You need to THINK BIG & TAKE ACTION!
Great Resource Books:
Rich Dad Poor Dad -by Robert Kiyosaki (Mindset)
The E-Myth -by Michael Gerber (Running a business)
Cashflow Quadrant -by Robert Kiyosaki (Types of income/businesses)
Think & Grow Rich -by Napoleon Hill (Mindset)
Secrets of the Millionaire Mind -by T. Harv Eker (Mindset)
When Money Destroys Nations -by Philip Haslam (Hyperinflation)
Atlas Shrugged -By Ayn Rand (Capitalism vs. Socialism)
Guerrilla Marketing -By Jay Conrad Levingson
4-Hr Work Week -By Tim Ferriss
The One Minute Millionaire: The Enlightened Way to Wealth by Mark Victor Hansen, Robert G. Allen, et al.
Anything by Malcom Gladwell Esp: Tipping Point, Blink & Outliers
The Goal by Eliyahu M. Goldratt (Questioning what you know)
Eric’s Rules to live By:
Making Decisions:
- Never make a decision based on fear
- Always look at all of the relevant data TODAY before you make a decision. Never make a decision based on what you did in the past or decisions you have made in the past. Today’s information is all that counts.
- When gathering information always check the source. If the barber is telling you it is time to buy real estate it’s probably time to sell.
- If you do what you have always done you will get what you have always got.
- If you do what everyone else is doing, you are already too late.
- When others run to the left walk to the right. When others run to the right, walk to the left.
- “Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” –Buffett
- If it is too good to be true it probably is.
- If something can’t go on forever it won’t.
- Perception is reality.
- There is abundance
- Don’t look in the mirror, they are not you.
- Results do not happen linearly; they happen in a punctuated equilibrium so, Hurry Up & Wait!
- It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.
- Nothing can happen without action. If you fail to make a choice & take action in your life, life will take action on you.
Quotes:
The most vicious of all things is the taking of capital, land or labor from the productive and trading it not for value, but for idleness, inaction, non-production and even destruction. This can and has toppled even the largest and strongest governments throughout all of history! — Eric M. Wohlwend, 2012
Everybody thinks it’s How you do something. How is completely irrelevant. Consistency at any level will bring you consistent results. Being consistent at a high level & at a high energy or at an extreme level will bring greater or extreme results. Positive and negative results do not factor into this. Consider Love & Hate vs. Apathy –Eric M. Wohlwend
Those who will do today, what no one else will… Can have tomorrow, what no one else can!
Don’t go to the finish line, go through the finish line.
If it’s not all done, It’s not done at all! –Eric M. Wohlwend
How you do anything is how you do Everything! –T. Harv Eker
“Life is not a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside, thoroughly used up, totally worn out, and loudly proclaiming WOW– What a Ride!”
“Obstacles are those frightful things you see when you take your eyes off your goal.” —Henry Ford
“They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety. “–Benjamin Franklin
“Any fool can criticize, condemn and complain and most fools do.” —Benjamin Franklin
“Diligence is the Mother of good luck.” –Benjamin Franklin
“Energy and persistence conquer all things.” –Benjamin Franklin
“God helps them that help themselves.” –Benjamin Franklin
“If you would persuade, you must appeal to interest rather than intellect.” —Benjamin Franklin
“Never confuse motion with action.” –Benjamin Franklin
“They that will not be counseled, cannot be helped. If you do not hear reason she will rap you on the knuckles.” –Benjamin Franklin
“Where sense is wanting, everything is wanting.” –Benjamin Franklin
“Well done is better than well said.” –Benjamin Franklin
“Question Everything!”-Eric M. Wohlwend
“You cannot question an assumption you do not know you have made.” –Buckminster Fuller
“A human being should be able to change a diaper, plan an invasion, butcher a hog, design a building, write a sonnet, set a bone, comfort the dying, take orders, give orders, solve equations, pitch manure, program a computer, cook a tasty meal, flight efficiently, and die gallantly. Specialization is for insects.”—Robert Heinlein
“If you tell people where to go but not how to get there… you’ll be amazed at the results.” –General Patton
“Education…has produced a vast population able to read but unable to distinguish what is worth reading.”—George Macaulay Trevelyan (1942)
“The more is given, the less the people will work for themselves, and the less they work, the more their poverty will increase.”—Leo Tolstoi (1892)
“In a completely rational society, the best of us would be teachers and the rest of us would have to settle for something less.”—Lee Iacocca
If you don’t know where you’re going, any road will get you there. —Eric M. Wohlwend
Henry Ford once said, “It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
Quotes by Doug Casey:
“The price of anything is the amount of life you exchange for it”
“The trouble with not having a goal is that you can spend your life running up and down the field and never score.”
“If opportunity doesn’t knock, build a door.”
“Even if you’re on the right track, you’ll get run over if you just sit there.”
“Courage doesn’t always roar. Sometimes courage is the quiet voice at the end of the day saying, ‘I will try again tomorrow.’
” The price of discipline is always less than the pain of regret.”
“You don’t have to be great to start, but you have to start to be great.”
**The important thing is this: to be able at any moment to sacrifice what we are; for what we could become.”
“Success is achieved by development of our strengths, not by elimination of our weakness.”
“In life you need either inspiration or desperation.”
“Surround yourself with people who are going to motivate and inspire you.”
“Fall seven times. Stand up eight.”
“It doesn’t matter where you are coming from. All that matters is where you are going.”
If it doesn’t challenge you, it doesn’t change you”
“A goal without a plan , is just a wish”
“If you wait for the perfect conditions you will never get anything done,”
A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional and orthodox way along with his fellows, so that no one can really blame him.—John Maynard Keynes, P111 Dollar Crisis.
Other Notable Quotes:
No stock broker lost their job when IBM collapsed
Anything that doesn’t kill you only makes you stronger.
You can’t live in fear-Ghost Rider
Rich people see rewards, poor people see risky- T. Harv Eker
You can’t beat hate with hate- Dali lama
Never run away from the bad, always run toward the good- Eric M. Wohlwend
There are no new ideas in the world
History repeats it’s self—History doesn’t repeat itself, but it sure does rhyme.
If you want to know the future, look to the past
Thoughts lead to feelings, lead to actions, lead to results- T. Harv Eker
And the word became flesh , – Bible John 1: 14The price of greatness is responsibility.-Winston Churchill
Random Facts:
Corporate & banking bailouts were in the millions in the 80’s, Billions in the 90’s & in the Trillions in the 2000’s
The US $ lost 90% of it’s purchase power in 60 years
Dow lost 90% in 3 years (P186 $ Crisis) 1929-1932
It was steady at 50-70 then there was a 10 year climb (roaring 20’s) then crash of 90% & it took 25 year to recover
Recovery, look at steady in 1980 at 1000 Then it jump to 10,000+, 2001 down, bounce, 2006 rampant government deficits to maintain
Gresham’s Law- Bad money always drives out good money
“Money will not purchase happiness for the man who has no concept of what he wants: money will not give him a code of values, if he’s evaded the knowledge of what to value, and it will not provide him with a purpose, if he’s evaded the choice of what to seek. Money will not buy intelligence for the fool, or admiration for the coward, or respect for the incompetent. The man who attempts to purchase the brains of his superiors to serve him, with his money replacing his judgment, ends up by becoming the victim of his inferiors. The men of intelligence desert him, but the cheats and the frauds come flocking to him, drawn by a law which he has not discovered: that no man may be smaller than his money. Is this the reason why you call it evil?
…Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper.
-Francisco’s Root of all evil Speech -Atlas Shrugged
For a very good explanation and video of how currency is created look for the Hidden Secrets of Money on YouTube or on GoldSilver.com
Our Challenge:
For those of you who think that there must be a better way than to Go to school, Get good grades, Get a Job & Work Hard, Get promotions and a 401k that someone else manages…
Just so you can work 40 hours a week, 50 weeks a year for 40 years and then hope to retire on half of the money that you were making before you retired.
For those of you who are ready to take responsibility & Action…
If you have ever wondered how inflation really effects you, your life & your retirement…
If you have ever thought about how you could make a difference…
You have come to the right place. Keep learning, growing & teaching. Always Have a Mentor & Be a Mentor. Help teach the next generation to do better than we did.
I hope that at least some parts of this has inspired you. Now GO OUT, THINK BIG & TAKE ACTION!
Eric M. Wohlwend, OPHP, NaPHP
Master Trainer, Clear Sky Training, Ltd.
