How To Elegantly Pass Up Incredible Opportunities – Why I Turned Down $170,000 Instant Equity And $2,245 Cash Flow

January 20th, 2012

Real Estate Investing – Deal Of The Year Or A Disaster Waiting To Happen?

The other day one of my wholesaler friends found an incredible real estate deal to add as a long-term investment.  It was a package of 7 properties that had about $170,000 of instant equity.  Since the seller was motivated, we could buy the properties at a hug discount.  They were all currently rented out and producing about $4,500 a month in rental income.  After a small down payment and private investor financing, my net cash flow would have been over $2,000 a month.  So, why did I pass up this incredible deal?

It’s all about risk tolerance.  A lot of real estate investors and daytraders only think about the possible profit on a deal or trade.  But professional investors look at the potential income and wealth that can be generated, but they also look at the risks …

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3 Steps to Have Your Best Year Ever (Without Disappointing Resolutions)

December 31st, 2011

According to a study done by the University of Bristol, about 78% people who set New Year resolutions fail. So, ever since 2007 I haven’t worried about committing to “new years resolutions”. And every year since then has been more fun and productive than the last.

In this post I’m going to lay out the 3 steps I use to make each year even better than the last…

Step 1 – Write Down Your “Top 10 Experiences” From This Year

Can you think of a few big things you did this year? Instead of starting the year by making big promises to yourself about changes you’ll make, why not take a minute to reflect on the some fulfilling experiences you had over the past 12 months? After all, gratitude plays the biggest factor in someone’s level of happiness.

Here’s an example of my top 10 list for 2011:

  1. Trekked the

    2. …

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Three Simple Steps For Breaking Stress & Commanding Instant Focus, Relaxation, and Productivity in Less Than 2 Minutes

April 26th, 2011
You will always have stress in your life.  The problem is that most people don’t know the most effective way for handling stress.  In a recent guest post, David Rendall explained why you need more stress, and how you can recharge your mind and body. 
For anyone who’s an entrepreneur, day trader, or high-performer in any activity, it’s vital to develop the skill of recognizing the reasons why you get stressed out, then put together a game-plan for handling that stress.  Those that are close to me know that I work great under pressure, but I let stress build up for so long that it tears my body down to the point of getting physically sick.

The 100/10/10 Exercise

As I come to the end of a 120 day “working marathon sprint”, I’ve not only made huge strides in my businesses, but I’ve learned a hell of a lot. …
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How Tim Made His First MILLION (by the end of freshmen year)

April 6th, 2011

My good friend Tim Sykes is known as the “bad boy” of penny stock trading. His no B.S. approach to trading is a breath of fresh air in an industry riddled with scams. He’s hated by evil penny stock promoters, and loved by his subscribers.

I had the opportunity to sit down and get an inside look into his $250,000+ yearly business plan. Check out the video below:

Visit http://www.timtradespennies.com to take advantage of Tim’s decade of making a killing in penny stocks.

…
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Posted in Trading | »

The Work-Life Balance Myth – How Successful Entrepreneurs Do Big Things & Still Live With Freedom

March 6th, 2011

The “work-life balance” says you should separate your business life  and personal life.  It says you should focus some time on your work life and some in your personal life.  Well, I’m here to tell you that it’s not possible for entrepreneurs to operate that way.  For business owners, their business is their life.  Now, that doesn’t mean someone has to be a slave to their business. Quite the opposite actually…

Working in Sprints – Keeping Life Exciting and Motivating

“But what about the four hour work week Chris?  You’re a huge proponent of that idea.  Is that lifestyle really possible?”, my buddy asked me at dinner last night.  As much as I love to travel and spend as time “off the grid”, it’s impossible to only work 4 hours a week every week and develop, build, or create something of value.  It takes a tremendous amount of …

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Posted in Entrepreneurship, Thoughts | 4 Comments »

3 Steps To Creating a Seven Figure Business with 5% of the Effort

February 9th, 2011
One of the biggest questions I get from entrepreneurs is, “How can I create a seven figure business without killing myself?”  There seems to be this misconception among aspiring millionaires that they must work longer hours, and do the plethora of tasks they hate.
In this post I’m going to show you how I increased my income by 1,109% in less than 6 months, while cutting my workload by over 90%.  After implementing these 3 steps, I freed up over 7 hours a day to do the things that truly inspire me.  And it’s at that point that exponential growth becomes almost effortless.

Thanks to this new way of doing business, I was able to accomplished more on this two-hour cruise around Sydney Harbor in Australia than I used to get done in a month!

entrepreneur
I gave a talk at the Top Performing Entrepreneurs Society titled “Top Down Productivity – Eliminating …
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Posted in Entrepreneurship | 3 Comments »

You Need More Stress

October 29th, 2010

This week’s guest post is from David Rendall, an expert in leadership and stress management.

Most of us think we have too much stress. We talk about being stressed out and everyone we know is stressed out as well. This problem seems to have an obvious solution. If we have too much stress, the solution is to reduce our stress by avoiding stressful events or eliminating stressful activities. It seems simple.

But it’s not that simple because we have an incomplete understanding of what stress really is. We use the term “stress” to refer exclusively to negative events. However, there are two kinds of stress, distress and eustress.

Distress is what we’re usually talking about when we talk about stress and . . .

- it is harmful
- it breaks us down
- it makes us weaker
- it drains our energy
Eustress is a different kind of stress and . …
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Day Trading & Travelling – Next Stop, Australia!

October 25th, 2010

Over the past couple of years we’ve had some incredible day trading travelling experiences.  Everything from trading at the base of a live volcano in Costa Rica, to having a “pro trader pow-wow” in the heart of Buenos Aires, Argentina.  Our next stop is going to take us all over the east coast of Australia…

The Mission – Maintain a high level of trading performance while trading at 2:00 am Australia time

Focus, discipline, and patience.  These are all behavioral habits professional traders have ingrained into their psyche.  For a lot of us, focus means being awake and fully present to watch the market.  So, one would think that trading at night would have a negative effect on their trading results.  However, the Emini Academy has many student traders from all over Australia.  And many of them have told me that the time difference is only an issue for a short period of …

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Posted in Trading, Travel | 1 Comment »

Flipping Coins vs. Playing Casino – How to Tell If You Can Win at Day Trading

September 28th, 2010

Bare with me for a minute because I’m about to go off on a little rant…

I just heard a “trading guru” say that making money day trading the futures market is as easy as flipping a coin.  Seriously, this guy was just telling people that if they can flip a coin, they can make money in the e-mini markets.  Then he went on to place a trade on the S&P e-mini with a 2 point stop and “took profit” at one tick.  ”This is just like a video game”, he proudly exclaimed after he claimed his profit.

Is day trading as easy as flipping a coin?

There seems to be some big misconceptions with people looking at risk management.  Let’s just take a look at some elementary arithmetic and test a hypothetical risk management plan.

Win ratio = 50% (For the sake of argument, let’s just assume it’s as simple as …

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How to Profit From the Irrational Behavior of over 92% of Day Traders

September 23rd, 2010

Today we arrived at Caesar’s Palace in Las Vegas for the 2010 Futures and Forex Expo.  As I was walking around the casino floor, I couldn’t help but think about the ironic similarities between the casual gamblers and most day traders.

The correlation between gamblers and most day traders

There was a guy sitting next to me at the Blackjack table; I could see the hope and anticipation in his eyes.  First, he gets a 7 which doesn’t get anything but a mild frown.  Second, he lands a 4.  His eyes light up like a slot machine that just hit a jackpot!  As a fellow “participant”, I can’t help but cheer him on when he doubled down.  Boom, the dealer slams down a King.  ”21 baby!”, he shouts.

It wasn’t a split second after his big hit that I realized how ridiculous his (and my) enthusiasm was about the prospect of making money …

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