10 Common No Limit Hold’ Em Mistakes

10 Common No Limit Hold’ Em Mistakes

There are common mistakes that no limit hold’ em poker players commit that cost them money. The list of 10 Common No Limit Hold’ Em Mistakes below is not strictly geared towards the beginning poker player. If you find yourself in a downswing, it may not be just variance. Take a look at the list below to be sure you plug up any leaks.

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1. Playing Marginal Hands out of Position

Unless you are a solid post flop player, you risk getting into trouble by playing marginal hands out of position. Say you raise KJo under the gun. It folds around to the button who re-raises and you call. Flop comes AK6 rainbow.

The good news is that you hit your hand. Bad news, he may have hit his too, but he likely hit it harder than you. You showed strength raising from early position and he still re-raised pre-flop. Again, unless you are a skilled post-flop player, you stand to lose a lot of money in these situations. See our Starting Hands Chart for an example range of hands that are playable in each table position.
2. Lack of Pre-flop Aggression

About half the time you put money into the pot, it should be by way of a raise. For instance, if you put money into the pot in 30% of all hands played, then in half of those instances you should be raising.

If you are using PokerTracker, the two metrics you want to look at are VP$IP (voluntarily put money in pot) and PF Raise % (pre-flop raise percentage). Your VP$IP number should be twice your PF Raise %. In the example above, you should see VP$IP=30% and PF Raise % at least 15%.
3. Not Charging Speculative Hands

If you raise QcQs in position pre-flop and are called by the BB. The flop comes 6h4h2d. Flop is checked to you and you make a 1/2 pot continuation bet and get called. The turn is a 9c and it is checked to you again. The worst thing you can do in this spot is to check behind and give your opponent a free card to beat you.

You have a solid holding at this point and are likely ahead of your opponent. You are ahead of everything but a set a 53 (AA/KK as well, but unlikely). You should bet out here. If we assume he is on the flush draw, then he has roughly a 4:1 shot at making the flush with one card to come.

If you make a 1/2 pot sized bet here (say $10 into a $20 pot) then your opponent will be getting 3:1 odds from the pot. He will have to call $10 to win $30. It would be mathematically incorrect for your opponent to call here as his odds of winning is worse than the odds offered by the pot. See “Pot Odds and How To Calculate Them” and “Standard Percentages” for more information.

Note: If your opponent thinks he can draw more money out of you on the river with his made flush (implied odds), then it makes his call correct. In that case you can bet more, 3/4 pot to compensate.
4. Inconsistent Bet Sizing

A big mistake that new players make is not keeping their bet sizes consistent. A classic example of this is betting low pocket pairs weaker than high pocket pairs. In order to disguise your hand you should keep your bet sizes consistent, say 3 or 4 times the big blind plus one BB per limper.

If you are at a table where you are raising 4xBB +1BB per limper and you consistently get 5 callers then feel free to increase your opening raise amount. You do not need to be consistent with your bet sizes if you can randomize your varying bet sizes. This will make it difficult for your opponent to know the meaning of your bet.
5. Not Mixing up your Play

Similar to the last point, if you only raise pre-flop with your premium hands (AA, KK, QQ, AK) then you are giving away too much information. To keep your opponent honest you should open up your range a bit, maybe AA-99 and AK-AJ. And/or add in some suited connectors 98s, 87s, etc. You don’t need to raise these add-in hands consistently, just enough to mix up your play.

In the example above, if you raise only super premium hands against someone who is using PokerTracker you will only see action when he has a premium hand too. He will see your PF Raise % is about 3% and he will know that you are very strong when you raise pre-flop, especially when out of position. He will only engage you when he is strong.
6. Bluffing Calling Stations

You can’t bluff someone who isn’t going to fold, so stop trying. If you are up against an opponent who rarely folds, don’t try to bluff them with complete air. Your hand needs to have some showdown value if you plan to proceed with aggression. If you are entering pots with solid starting hands, then you are likely to be ahead at showdown most of the time against these opponents.
7. Playing Big Pots with Small Hands

You should not be building the pot post flop with one pair hands. Say you raise pre-flop in position with JJ and are called. The flop come 963 rainbow and the pre-flop limp/caller bets into you. Proceed with caution. I would call and see what the turn brings. You can re-raise to see if they are bluffing, but if they call I would consider shutting it down. No need to build the pot any further with a one pair hand.
8. Poor Bankroll Management

In poker, you will experience winning streaks and losing streaks. If you are not properly bankrolled for the table stakes you are playing at, you risk going bust during a prolonged losing streak. See “Bankroll Management in No Limit Poker” for more information on this topic.

One great way to build your poker bankroll is with a poker room bonus and rakeback. Check out our rakeback offers for more information.
9. Not Reviewing your Play

Another big mistake that beginners and intermediate players alike make is not taking the time to review their play. There are tools like PokerTracker that allow you to see tons of detail about your play: how aggressive you are in different positions, do you protect your blinds, do you attempt to steal blinds sufficiently, are you overplaying top pair? This will allow you to learn from your mistakes.

You can also participate in peer review with some poker friends to get a different players perspective. You can send your online hand to us for posting in our hand analysis section and leave it to the wisdom of the community for help. See “Converting Hand Histories from Online Play” for more information.
10. Slow Playing Monsters

Don’t limp your premium hands. You can limp them on rare occasion to mix up your play, but as a general rule, raise them up. Say you are under the gun with AA and you limp. You get 4 more limpers and you are going to the flop 5 players deep! Do you like your chances?

If you are in late position with AA and it is limped around to you, raise it up to thin the crowd. You need to push out those small pocket pairs. Those small pocket pairs will stack you when they hit their set, or fold when you continuation bet the flop. So get them out now.

“It sure takes a long time to hit the long Run in tournament poker…”

I’ve had a couple of Brick&Mortar tournament casino wins recently, as well as 2 online tournment final 3 positions vs. 300 and  500 opponnents.

In tournaments, [if you are a working professional playing atleast a dozen tournaments a year]: your mean (average) result will be positive while your median (most likely) result is going to be a negative.

This is the way of the HARE. One big *pop* in a circuit tournament could easily pocket one $10k or more. {In some instances SIGNIFICANTLY more.}

Some opt: The way of the TORTOISE:

Stick to cash/ring games where your MEAN and your MEDIAN can BOTH have positive trend lines.

Rounders

Watch more YouTube videos on AOL Video

Livin’ the dream percentages:

Reading an article from Cardplayer~

professor Howard Ledeher was discussing the state and future of Poker.

 

It is predicted that (as I have said) that while the US poker boom peaked, then dropped a little- the effect is STILL in proccess of going “global”.

~ There were stats of international events, the boom that will re-surge when (not if) online poker is taxed and legalized in the US etc, BUT….

 

Since the downturn in the economy is estimated that there are 15,000 full time poker related jobs in the world~ folks that make poker cards, package the poker chips, the dealers and poker room managers, the guys that make the patented shuffle machines and felted 9top tables, etc…. the people that service the masses playing poker for business and just for fun.

 

It is guesstimated that poker GRINDERS (folks like me that make their living income exclusively from poker as their main job) is approximately 15,000 as well.

 

Globally.

 

MOST casino’s think of poker as: Entertainment.

Like any other “game” or “amusement”.

 

Think of it like this:

There is income generated from Disneyland

Disneyland THE BUSINESS…

Enough income to pay the business owners and employees-

Now,

what if:

1% of the people that visit disneyland for the fun rides each year? 

yeah 5% of THOSE 1% people

have figured out a way

to ride Space Mountain

and make money doing so.

 

Enough money to pay all their bills.

 

 

So, the numbers look like this: 

 

 300million US population x 1%= 300Thousand

300,000 x 5%= 15Thousand

 

5% of 1% of the US population does what I do.

They MAKE money off the “entertainment” ride.

  They Kinish.

 They GRIND.

 

Seen in a broader way: Poker is seen as global.

 

7Billion people x 1% is 70Million

70million x 1% 70Thousand

70k x 20% = 14k or roughly the guestimate of Poker Professionals.

 

20% of 1%

….of 1%

of the (global) population~

yeah, THOSE are “my professional peers”.

 

 

 

 

intresting note: 15Thousand is the number of people who get struck by lightning every 7 years.

 

free sag

(free~sahdg)

*click on this image to see it without any distracting over~lays
** Right Click and “SAVE AS DESKTOP background”

humourous hanson

life > failure > risk

it’s not the air that seems so cold…

Outside
in a winter world
sits a woman
all alone.

It’s not the air that seems so cold,

it’s the love she’s never known.

Outside in a winter world~
one lonely child roams.
Will ever
loving arms
unfold
to give this soul a home?

So they’re living on hopes
and they’re living on dreams,
while the devil
is pushing them to extremes
.
Can their spirits be strong?
~ when for loving they long.

For the day will come
when they must move on.

Where angels
fear
to walk,
there you must walk, where angels fear.

Outside in a winter world there’s a man who’s lost his love.

So many secrets
left untold
should he turn and look Above?

Outside in a winter world
one old man sits alone.
He thinks of all the years gone by and what little love he’s known.

So they’re living on hopes and they’re living on dreams,
while the devil is pushing them to extremes.
Can their spirits be strong?
~when for loving they long.
For the day will come when they must move on.
Where angels fear to walk, there you must walk, where angels fear.

There you must love, where angels fear (to love).

We all have troubles in our life that we must face.
We’re merely players in this game we call the human race.

Where angels fear to walk, there you must walk, where angels fear.
There you must love, where angels fear (to love).

lyrics: breathe /
“Cease2Struggle“- 12.18.08

Jaesen’s passion: That’s not the shape of my heart…

Enjoy this however is most pleasureable for you~

Suggestion? Scroll down and patiently follow along with the lyrics once they begin.

Hope you enjoy this song ~

it’s  one of my favourites: 
       

                                                           

 

” Shape  of my heart ~ “

 
 

He deals the cards as a   *  m e d i t a t i o n  *     

 

And those he plays

 never suspect…

 

 

 He doesn’t play

for the money

he wins~

 

 

He doesn’t play for:  

 

 

 

 

He deals the cards to find:

The Answer ~  

 

  

The sacred geometry of chance… 

 

 

 

The hidd3n law of a pr0babl3 0utc0m3

  

 

 

7h3 numb3r5

 lead

a

  d   a   n   c   e   ~ 

 

 

 

 

*   *   *   

 

 

I know that the spades ~

 are the swords of a soldier.

 

 

 

I know that the clubs

     

…….  are weapons of war.

 

 

 

I know that  diamonds

 

mean money for this Art….

 

 

But that’s not the shape of my  

 

 

 

He may play the Jack of diamonds ~

 

 

He may lay the Queen of spades ~

 

 He may conceal a King in his hand ~

 

 while the memory of it fades…

 

 

 

I know that the’s are the swords of a soldier ~

    

  

I know that the clubs

 

 

I know that diamonds~

  

mean money

for this art…

 
 
 

 

 

 

But that’s not the shape of my heart ~  

That’s not the shape, the shape of my heart.

 

 

 

 @}-;-’——————————–

 

  I loved you ~

 

 

 

 

                                                                                                                                                                                                                                                                                                          .R. 

 

l

 

o

 

s

 

t

 

 

 

 

I know that the spades ~

are the swords       of a soldier. 

                                                                                 

I know that the clubs are weapons of war ~

I know that diamonds mean money for this art ~

 

 But that’s not the shape of my heart. 

  

 

That’s not the shape of my

   

 

 

 That’s not the shape ~ 

    

 

Shape of

 my

heart.

J A E S E N

“Set an honorable intention.”

Six Ways to Beat the Stress of Buying a Home

We all go thorough stressful experiences in our lives and the stress of buying a house is a no lesser experience. First, there is the stress of finding the right real estate agent you can trust, find the home that you feel is just right for you, negotiating the sale, and finally arranging the move. During this time you may go through feelings of frustration, which may result in your not acting in your best interests. Below find Six Ways to Beat the Stress of Buying a Home.

1. Keep the end in mind
Keep focused on what you are trying to achieve with the purchase of your new home, write how you will feel in your new place and always keep this in the forefront. Your emotions will be running high at this time and you will need an anchor so it is imperative that you remain focused on the end result.

2. Be Flexible
In the real estate market anything can happen from the time you sign the contract to the closing of the sale. Remain as flexible as you can be, you could come across concerns during the home inspection that the seller is unwilling to fix or the repair costs are more than the amount that was stipulated in the contract. Always overestimate the closing costs as interest rates can change and this will affect the downpayment and closing costs that you will need to finalize the deal. If you anticipate these changes you will be able to deal with them whenever they arise.

3. Become Knowledgable
Become educated with the process of buying a house. Ask your Realtor questions as you go along, make sure you fully understand what problems may arise during the process. Your Real Estate Agent will help you thorough securing a Mortgage, ensuring that your loan is approved within a reasonable timeframe. Ensure that you are at the appointment when the home inspection is being done, during this time you will be able to ask the home inspector questions regarding the home. Try to clear up any loose ends as soon as they come up.

4. Have Faith in the Process
The process of buying a house can be very intimidating; there is so much to do in sometimes so little time. You will tend to have doubts in the decision that you have made, you may feel that you have taken too big a gamble but the truth is you will always win.

5. You always have Options
You always have the option of shopping around for the best interest rate, you don’t have to use the first lender. You are in the drivers’ seat, compare the best mortgage rates and find the cheapest mortgage payments. Use a Mortgage Calculator in order to understand what your monthly costs will be.

6. Keep Busy
There will be times during the process that you will be anxiously awaiting a decision, such as awaiting your Mortgage Approval, waiting for the acceptance of your Agreement of Purchase to the Closing of the Sale. During these times you will feel as if everything is out of your control, try to do activities that will keep your mind busy, use whatever diversion works best for you. Try to forget the situation and take it one day at a time, you will be rewarded in the end.

e3

now at: www.JAESEN.com ;)

 The NEW and IMPROVED site is here:

 Now officially @ www.jAESEN.com  ~kudos to WebMaster: DirectorDan

Lemme know what you think of the New and Improved e3 website ~

With over 2,023 Posts in 9 new categories and 14 new Sub-categories~

there is SO much to discover and explore!

 

 

Try it! ~ then LEAVE YOUR COMMENTS at the bottom of individual POSTS

If you’ve been just “checking the Front Page” lately for new stuff?

You’ve missed a bunch!

POST are now easiliest accessed through the new CATAGORY; TAGs and SEARCH features~ with over 1,000 more post being added over the next few weeks!

Also~ check out our new QUOTE widget.  [Lemme know if you have a fav Quote you'd like to add!]

Surf around a bit~ get engaged:

Be brave, and add your own personal comment.

I encourage you to Explore~ Enjoy the ride, and if you need anything?
jaesens.passion@gmail.com =)

J A E S E N and the fine folks contributing to: e3

make a diffrence ~

pretty impressive run

The REAL Blad3RuNN3R :

listen for the squealing *tires*

Glock 30 @ .45 vs. Glock 27 @ .40

I.O.U.S.A: “To the U.S. economy what ‘An Inconvenient Truth’ was to the environment.” – Reuters

National Debt explained:

“One nation; under Debt.”

The Latte’ Factor:

It’s the beginning of a brand new year: a time to set goals, make plans, and start afresh; a time to dream of making more money, having a more beautiful body, and experiencing more love. I can’t help you with your body or your love life but I can show you some tools for making more money this year.

Have you ever heard of the PDQ Factor ? Probably not, but you probably have heard of the acronym PDQ, which means “pretty daham quick” and that can be expensive: think fast food, fast cars, and fast women. This PDQ, The PDQ Factor will save you money. In fact, it can even make you wealthy over time.

To illustrate…take an empty glass and set it under the water faucet. Now turn the faucet to a single drip, or a slow trickle if you’re really impatient, and watch the glass fill up. It takes a while but it does get full. If you were thirsty, it wouldn’t have been nearly as fast as turning the faucet to full force but it was just as effective. The PDQ Factor is the slow trickle equivalent in the world of money. It stands for Pennies, Dimes and Quarters.
Pennies; dimes and quarters~ Oh My!!!
Nickels count too, they just messed up the snappy title so we left them out; but don’t you leave them out of your investment toolbox.Here’s an easy plan to make an extra $1000 this year. It won’t take much time or energy-really none at all. By investing just $2.74 a day-the cost of a designer coffee drink; a bad drive-thru meal; or 8 quarters, 5 dimes, 4 nickels, and 4 pennies, in just 365 days you will have an additional $1000 in the bank. Did you know that accumulating wealth is this effortless? Make a plan, stick to it and watch success sneak up on you in teen-tiny increments.

With no pain and all gain you’ve just set a financial goal; a goal that can be effortlessly reached by making a very minor tweak or two in how you live your daily life.

Break down your goal and see how many PDQ’s it takes! And don’t forget to start today!

About The Author

Cindy Morus found herself facing divorce partly caused by “marital money” problems. Now she teaches families how to achieve financial well-being and peace of mind. Download her newest free report at http://www.MendYourMoney.com

passive income

CashFLOW is king!

This aphorism from real estate investing perfectly describes the little known method the rich actually use to accumulate millions of dollars. This report reveals 10 sources of passive income. Put any or all of these sources into place and sit back and watch the dollars roll on with no (or very little) further effort on your part.

If you truly want to get rich and live a life of luxury, then you must master the ability of generating cash flow from passive income sources. Without this ability, your income will be limited to traditional ways of making money, such as working. Working will never free you from having to work. You must do something different than working in order to obtain the income you need to live the lifestyle you desire. Passive income is the key.

Before you begin any investment plan, the first rule is to consult with a qualified investment advisor. By talking over your plan and considering possibilities you may not have considered, you will protect your capital to the greatest degree and help protect it from potential loss whiule multiplying your return.

This article will not consider the cost of entry to any investment nor will we look at rates of return. These will fluctuate – possibly every year or even over the course of a year- depending on the economy, conditions set by the SEC and other regulatory bodies and the IRS. This article will consider only 10 possible sources of passive income; you will need to conduct further research to determine if any investment is appropriate for you.

1. ETF’s – Exchange Traded Funds – This is a fund that tracks the performance of an index such as the Dow Jones or Standard and Poor 500, a basket of assets or a commodity. Trading in the same manner as a stock, its price will vary according to the days trading demands. Benefits of owning an ETF include the ability to buy short, buy on margin and to buy as little as one share. Expense ratios are often lower than mutual funds. A common ETF is called a spider – SPDR – and tracks the S&P 500 index. Look for the symbol SPY to research or to purchase.

2. REIT – Real Estate Investment Trust – One of my favorite investments because you own a portion of the real estate (or mortgages) the trust invests in. These also trade like a stock on the exchanges. An Equity REIT buys ownership (equity) in properties while a Mortgage REIT buys the mortgages on properties. Two key advantages to owning an REIT are the tax advantages and the liquidity of the security – you trade it just like a stock.

3. Canadian Oil and Gas Trust – This is an organization that invests in oil and/or gas production and possibly mining in Canada. Several of these are now trading on the American (US) exchanges. Purchase is the same as purchasing a stock in any other company. Tax advantages are similar to those of an REIT and a big advantage – the one I like the most – is that some of these trusts pay ridiculously high dividends – and they pay monthly! My advice: do your research, find a Canadian Oil and Gas Trust you like and then invest as much as you can.

4. MLP – Master Limited Partnership – Want a limited partnership that you can sell or trade as easily as a stock? Enter the Master Limited Partnership. These hybrid organizations feature the limited liability of a partnership while enabling you to trade the partnership units – investment units – just as you would a stock. What could be better? A MLP offers distributable cash flow as well as income and these terms must be mastered and understood before a reasoned decision can be made regarding the purchase of an MLP for your investment portfolio.

5. Annuities – Who has not heard of an annuity? But do you know how they work? Let’s keep this simple: an annuity is nothing more than a contract you sign with an insurance company that guarantees to pay you a certain set amount of income over a period of time. You pay for an annuity upon signing and then the insurance company repays you the amount of your investment plus the “profits” (we’ll keep this simple and not use the technical term) over a period of several (or many) years. These are generally considered safe stable investments appropriate for a conservative portfolio.

6. TIPS – Treasury Inflation-Protected Securities – Offered by the U.S Treasury, these are securities that are indexed to the rate of inflation meaning your dividend will increase as the rate of inflation increases. A TIPS pays interest every six months and pays the principal upon maturity. Also a conservative investment, you may want to consider these if you are looking to preserve and protect capital from the ravages of inflation while providing a consistent and dependable income, but your money may not grow at the rate you would prefer – but then we aren’t looking at capital appreciation anyway.

7. Dividend Paying Stocks – Finally we get to what is perhaps the most familiar method of passive income. Anyone who knows anything about Wall Street knows that companies pay dividends to people who own their stock. Right? Well, most of the time , if it is a well known and established company. Many newer and smaller companies will use their income to grow the company instead of paying dividends and any company that incurs financial trouble may stop paying dividends. So if you are going to buy stock to acquire the income make sure the company has a track record of paying dividends. The best known American companies – commonly referred to as the “Blue Chips” are also the companies that traditionally have paid the best dividends. As with all other investments, research is necessary to capture the best dividends and target those companies with the best potential in future years.

8. Covered Calls – This is a passive investment instrument that is often considered risky. But it is not. A covered call is selling the option to buy stock that you own. You do not sell the stock, you only sell the option to buy that stock at a future price and time. The person buying the covered call buys the option at the price you agree upon – actually at which the market agrees upon – and you just set back and forget it. Well, not quite. The person who has bought the option has the right to buy your stock at any time between the time you sold the option and the expiration of that option. Writing (selling) a covered call is the only options investment that is considered safe enough by the IRS to be included in a 401K or other retirement plans. But you must do your homework and thoroughly understand the world of options before using this method.

9. Real Estate – Everyone knows what real estate is and everyone knows – or at least is intuitively aware – that big money can be made from real estate. Real estate provides tax advantages as well as the opportunity to highly leverage your investment – leverage being a factor that is limited or absent in many other investments. Many real estate advisors and gurus insist that the one house at a time or the flipper strategy or fixer upper or wholesale method or other flavor of the month is the absolute best way to make money in real estate. Generally speaking, avoid all that. Making big money – meaning massive income – in real estate is possible with highly leveraged deals which are a certainty only in commercial property. Multiple family properties, office buildings, retail facilities and warehouses would all constitute commercial property. Of these, the best strategy is to invest in multiple family properties. The bigger, the better. This requires knowledge and education more than it requires capital. Capital can always be acquired through your network, but knowledge is the one ingredient that will make this passive investment method work. And, with a big property, the income from that one property may be all you need to secure your retirement – today!

10. Business Ownership – No, this isn’t what you think. Owning a small business for most people is worse than working 9 to 5. In your own small business you get caught up in the details, trying to make the business go, searching for a market, dealing with customers; it quickly becomes more than a full-time job. That’s OK if that’s what you love to do. But, what we mean here is starting a business or franchise with the short term goal of handing it off to someone to run. The faster you can do this the better. If you can do it from the very beginning so much the better – the more time you free for yourself, the more time you will have to enjoy and/or create more passive income sources. A book that will help you is The E-Myth Revisited by Michael Gerber, another is the Four Hour Workweek by Timothy Ferris. Both of these books will help you structure your business ownership in a way that frees you of actually running the business yourself – margaritas on the beach anybody?

As this article is already so long, we will create a Part 2. Passive income source number 11 is Private Lending – a relatively new income source and we will also look at a few others you may not be familiar with.

All of these sources require work to set up, but once established, they can be structured to run hands free. The two books mentioned in item 10 above will help you structure your passive income sources to be truly hands free income.

PostCREDIT: Perry Jones,
millionaire1000.com
resultsbyjpnelson.blogspot.com

One Million $ in 20 months:

Being the owner of multiple businesses, I am always conscious of my money from both a personal and professional perspective. Our lives are very much intertwined and often controlled by our ability to manage, save and spend our money. I was recently reminded of a great concept that I learned about when I was a teenager.

If a person were to take one dollar, invest the dollar in an asset and then sell the asset for two dollars, they will have taken the first step in a 20 month process of accumulating a million dollars. The only habit that would need to be created is the habit of doubling the amount in hand every month for 20 months. The final amount at the end of each month would be:

Start – $1
Month 1 – $2
Month 2 – $4
Month 3 – $8
Month 4 – $16
Month 5 – $32
Month 6 – $64
Month 7 – $128
Month 8 – $256
Month 9 – $512
Month 10 – $1024
Month 11 – $2048
Month 12 – $4096
Month 13 – $8192
Month 14 – $16384
Month 15 – $32768
Month 16 – $65536
Month 17 – $131072
Month 18 – $262144
Month 19 – $524288
Month 20 – $1048576

Obviously the model is very simple and the idea is basic enough for anyone to grasp, however, I would like to expand on the underlying psychology of this concept. Let’s imagine that we were going to make a committed decision to implement this model in our own personal financial lives and we could not skip any steps or take any shortcuts. By the end of the first year, we will have accumulated only $2048. This means that in the next 8 months, we will have to amass $997,952 more than we currently have to reach the one million dollar level.

At this point, this imaginary experiment becomes more of a fairy tale or daydream to the average person. But let’s think about our minds and the power of focus. For the first 12 months of the experiment, we were making a monthly habit of acquiring assets (likely devalued assets) and selling them at a higher price point. As each month went by, we were forced to become more creative and innovative with our investments as the challenge of each amount grew larger. Assuming we were successful for the first 12 months, the challenge on month 13 would be to double $2048 to $4096. After an entire year of practicing with small amounts and getting into this habit, the only real change required would be to adjust our perception of the size of the investment. There are plenty of people in the world who have had success doubling large sums of money in short periods of time (business acquisitions, real estate and currency trading to name just a few). The average person may not understand how to do it but they most certainly could learn if they were to focus their mind and their attention on the task and do whatever it takes to learn the required skill.

I once heard T. Harv Eker use the extreme example that: if there was a life or death situation and your life depended on you making a million dollars in one year, you could figure out a way to do it. I completely agree. The point I am trying to make is that I truly believe we are all capable of achieving a goal like this if the stakes are high enough. Why then, do so few people ever try to achieve such a major goal? Why do so many people reject the idea before giving any serious thought to it? There are probably a number of reasons, but from my perspective, the primary reason a person would never even attempt a goal like this is because in their heart, they don’t believe they can do it. If they did believe they could achieve the goal, would they not be actively working on it? Of course they would.

With that in mind we can begin to understand the powerful role that beliefs play in our lives. From the standpoint of our minds, a psychologist would say that a belief is nothing more than an idea that we have consciously accepted as true and ingrained as part of our subconscious conditioning. So if we are holding on to beliefs that limit us and keep us from taking action on a life changing idea, with the proper awareness, we can make the conscious decision to formulate a new belief that supports us in our big life goals.

I think it is both healthy and wise for every person to take time out regularly to examine their habits of thought. Since this article is centred around the idea of financial goals and money, I would encourage you to step back and review your personal thought processes when you were introduced to the idea of ‘20 Months to One Million’. If you rejected the idea as something that was unrealistic or out of your level of capability, take some time to examine the belief you are holding that is causing you to reject the idea. What other limiting beliefs have crept into your mind that are no longer serving you? Can you replace those beliefs with a more empowering and gratifying thought pattern?

This concept always fascinates and excites me. If you would like to comment or share your thoughts, I would love to hear from you: justin@igniteyouressence.com or
call me at 1-866-983-MIND.

Justin Popovic

12 Reasons:

Why People Don’t Get Wealthy

According to Wallace Wattles, in his popular wealth
treatise called The Science of Getting Rich, said that,

“There is a science of getting rich,
and it is an exact science,
like algebra or arithmetic.

There are certain laws which govern the process of acquiring riches, and once
these laws are learned and obeyed by anyone,
that person will get rich with mathematical certainty.”

It is true. Those who make wealth know that it comes about
by application of simple rules and principles. Those who
don’t make wealth don’t know about these simple things, and
so they assume that wealth is a result of luck or pure
chance or something just as superstitious or silly.

Anthony Robbins is one of the top success coaches in the
world, having coached star sports players, heads of states
and Fortune 500 executives.
In his Get The Edge program, he
listed down 12 specific reasons he has come to observe to
be the leading causes for most people’s lack of wealth:

1. They never decide and really define, very
specifically, what wealth means for them. The keyword here
is specifically. Can you imagine how hard it would be to
build a car or a plane without making a blueprint or sketch
drawings of it first? You have to know what your target is
before you go chasing after it.

2. They make wealth a moving target instead of a
fixed one. [This is related to point one above.]
Once you have your target, fix it. Don’t change it until you reach
it. You must accomplish each step, celebrate, and then set
course for a new step, a new target.

3. They define wealth in a way that seems unreachable.
You only achieve what you believe. No more, no less. So you
must make it believable for you. Set goals that will make
you move forward and stretch, but not too high that even
you yourself don’t believe you can. Take the biggest step
you believe you can, achieve it, then take the next biggest
you believe you can. This will build positive reinforcement
in your self-confidence as well.

4. They never start. Ok, this is obvious. If you
keep thinking about it forever, it will forever remain in
the thought level. You have to act! Start somewhere,
anywhere! Only after you start do you begin to get some
feedback which will help you plot your course better. The
aircraft has to first take off before it starts to adjust
course for its destination. You must start, somewhere,
anywhere, doesn’t matter, just start! Act!

5. They never make it a must.
Let me explain what it means to make it: a must.
It means marshalling all your
intent, your will, your direction, into one singular flow
that is directed towards your goal. All obstacles are
viewed as challenges to be overcome. You will meet
obstacles, and so expect it, but also expect to move
forward anyways. Use your obstacles to develop strength and
skills, don’t run away. Find out how to go past them. Find
out! There is always a way, always. And if your emotions
are acting against your desire, embrace them, learn what
they are, know yourself, but keep moving forward. Make it a
must, and it will happen. Guaranteed. You don’t know in how
many steps it will take, but you know it will happen.

6. They don’t have a realistic plan. If you want to
do something, find out how it is done from someone who has
done it before. Make a realistic plan. Copy from those who
have succeeded before you. But don’t throw away your
intuition. Your intuition is extremely powerful once you
learn how to listen to it with practice.

7. If they have a realistic plan, they never follow
through on the plan. Well, if you don’t follow the plan,
who will?

8. They give responsibility to others (“experts”)
instead of to themselves. This way, they never really learn
how to do it, and if there are failures they never learn
why the failures happened and so they are bound to repeat
them. It is a good idea to get advice, but do it yourself.
At least understand it yourself even if you will delegate
the actual doing.

9. They give up when they face challenges.
Going through the challenges is what has made people rich, not
giving up. Look, there are always challenges. So get used
to that. You will only get where you wish to get to if you
are willing to face the challenges along the path. All
challenges are opportunities dressed in work clothes,
remember that. After the challenge is over, you will
discover the amazing fruit it held for you.

10. They fail to conduct their lives as a business;
they never ensure that they make a profit year by year. Get
a personal finance package like Quicken or Microsoft Money.
you need to have budgets and cash flow statements for your
personal finances and your businesses. It is easy with
those software packages. If you don’t keep records and
track, you wont know when you are making or losing money
until it is embarrassingly too late.

11. They allow other people’s ideas to affect their
decisions unreasonably. There will always be people who
don’t believe in your way, or who are pessimistic, who try
to pull you down, or whatever. And they will sometimes be
your closest friends and family. You cannot change that –
they have a right to be who they are. It is OK. Allow them
their thoughts, don’t judge them for that, but don’t feel
obligated to accept their thoughts of follow their way.
Don’t allow other people, now or from the past,
unreasonably affect your decisions. Allow them their way,
and you live your way.

12. They don’t get quality coaching.
This is extremely important! Coaching is simply getting mentored by
someone who has succeeded wildly in the area of your
interest. Get coaching! Our education system hardly equips
us for real life, so don’t assume that because you went to
college you are properly equipped. Hardly. You need to keep
learning. The most successful people attend seminars, read
books, join mastermind groups and clubs, find mentors,
network, and even hire expensive personal coaches to make
sure they succeed.

How many of these reasons can you identify with? Well, now
that you see the reasons, you now can look at yourself and
make sure that you don’t follow ways that are known to not
lead to wealth. Follow what works and it will work. And
don’t forget to enjoy yourself along the way.

David Cameron is the author of wealth and self development books such as A Happy Pocket Full of Money, showing many how to create the lives of their dreams and beyond.

post credit: David Gikandi

The Wealth Proccess

“Real knowledge is to know the extent of your ignorance.” ~

“Poverty is the worse form of violence.”

My Mind Is Not For Rent

Glock 30 / .45

“knock-knock” ;D

9 mm glock with 30 round clip.

The inevitable collapse of the U.S. dollar

Real Wealth = Hard Assests:

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