Tempted to Cheat

If you leave money unattended in front of person who has no money, the temptation is too great for that person to hold his moral code. He will steal the money.

fistThis philosophy had a tremendous impact upon me when, as a young man, I read the “The Sea Wolf ” by Jack London. Wolf Larsen, captain of a seal hunting schooner, a crude and cynical man, was also highly intelligent. He ruled over his ship and terrorized the crew by sheer physical might.

Humphrey, his cabin boy, was upset because his money had been stolen by one of the crew members. He wanted the Captain to exact justice. But in Larsen’s mind, the real crime had been committed by Humphrey who had left his wallet out in plain view. Larsen believed that the temptation of “free” money was too great for a desperate man. In his opinion, Humphrey had corrupted an otherwise innocent man and it was he, therefore, who had committed the greater crime.

In 2011, Facebook founder Eduardo Saverin renounced his U.S citizenship after cashing in on the sale of his Facebook stock. Mr. Saverin, born in Brazil, has lived in Singapore since 2010 and now plans to remain there.  Singapore has a maximum personal income tax rate of 20 percent with zero taxes on capital gains. Comparatively, the U.S. has a 39% tax bracket for its highest earners and a 15 percent captital gains tax.  Saverin’s net worth is estimated at close to 4 billion dollars, so he saved close to 600 million dollars by renouncing his U.S. citizenship (the figures here are a guesstimate as the sale price was not officially published). Senator Chuck Schumer (D-New York) was “appalled” by Eduardo’s move, then offered legislation that would bar people like Eduardo Saverin from ever returning to the United States.

The undeniable reality is that with a capital gains rate of 15% and an income tax rate close to 40%, Eduardo did what a rational man would do…he looked for ways to keep as much of his money as possible. Given the structure of the IRS code, he was forced to make a decision he probably would not have made otherwise.

Clearly Saverin profited by having lived in the U.S.  Further, he benefited by going to one of its top universities. He had access to a system and culture that allowed companies like Facebook to thrive. But, but when faced with the option to pay the tax to a system that allowed him to create such wealth, one could argue that he chose personal enrichment over ethics. Simply put, he cheated.

One could also argue that a system so confiscatory leaves a rational being, who works hard to amass his financial largesse, little choice but to seek financial asylum elsewhere. Given the complexity and onerousness nature of the IRS and its code, Saverin decided to opt out and leave the system. Wouldn’t it have been better if the Code was structured in a manner that made it simpler and less punitive to pay a reasonable tax instead? I think it’s also applicable to say he was “forced to cheat.”

A record number of U.S. citizens relinquished their citizenship in 2013.  As quoted in Fortune Magazine “While dumping citizenship may seem unpatriotic or smack of tax avoidance to some critics, tax lawyers blame the byzantine complexity of American tax regulations.” The rules “are confusing, complex, and so complicated that even Americans with good intentions can easily find themselves running afoul of the law,” said Jeffrey Neiman, a former federal prosecutor who was involved in the government’s offshore banking probe and is now in private practice in Fort Lauderdale, Fla. “This very well may explain why we are seeing a record number of Americans renouncing their United States citizenship.”

The private sector encounters challenges not unlike what has occurred with the IRS Code and U.S. citizens seeking to avoid excessive taxes. However, left to operate in an unfettered free market… it solves them as well.  For example, when the music sharing system Naspter came out in the late 1990’s, it allowed people to share their music for free with other people in their network. As more users came in, more songs were added and the inventory of total songs grew. The public was getting all of the songs they wanted in a format they craved. The problem was that all the users were stealing. None of the artists were getting paid for their downloaded songs and they were mad.

The problem wasn’t that users were thieves. For years, music companies did not offer a platform whereby consumers could buy merely one song…when one song was all they wanted. Instead they were forced to purchase over 10 songs in an album costing $13.00 or more to get the one song they wanted.

Apple solved this problem with iTunes. It is a platform that allows people to buy their music one song at a time and users to carry their songs wherever they go, even transferring them to other Apple devices. The iTunes platform has been a massive success. Now, customers buy the songs they want and the artists get paid.  By the way, upon creation of iTunes, Napster still existed. But, given the option to cheat or pay a small fee, consumer elected to do the right thing.

Which leads me to a defining principal: People will due the right thing given the right incentives. However the U.S. government fails to understand two basic concepts: 1) liberty and 2) money will always flow to the place where it is best treated. If the U.S government had a simple and fair way for people to pay their taxes, people would stay and not seek to game the system.

The irony and sad fact is that as more people leave, it is likely the tax laws will grow even more complex and confiscatory, forcing more people to cheat and/or leave. After all, taxes are like water. The more you tighten your grip the more slips through your fingers.


Steven Clark


Respect Authority?

He never worked at a bank but he is responsible for the the signature piece of legislation that governs the banking industry. And since he wrote a law, it should be reasonable to expect that he would follow the others.

AuthorityBut it appears that would be presumptuous because former Massachusetts Senator Barney Frank used to solicit male prostitutes (it’s against the law to pay for sex) then had the prostitutes come live with him… where he ran a brothel out of his house (again, against the law).

Yet Frank is a welcome guest on CNBC where he gets to lecture the viewing public about corruption in the banking sector. Further, he asserts that since his law (Dodd-Frank) has been implemented, the banks will no longer be able to wreak havoc on the financial sector.

What most people don’t know, nor will CNBC report, is that Barney Frank was one of the main culprits of the financial scandal that rocked Wall Street in 2008. Here is a short version of the facts:

  • Barney Frank was the principal advocate in Congress for using the government’s authority to force lower underwriting standards in the business of housing finance.
  • They made banks, at risk of penalty, lower their lending standards so that more minorities could get home loans. Banks were penalized if they did not make these loans!
  • Once the loans were made, the banks then sold their sub-prime loans to government run Fannie Mae and Freddie Mac.
  • Frank (along with the Clinton’s) imposed “affordable housing” requirements on Fannie Mae and Freddie Mac in 1992. Before that time, these two government sponsored enterprises (GSEs) had been required to buy only mortgages that institutional investors would buy…in other words…prime mortgages.
  • Congress thought these standards made it too difficult for low income borrowers to buy homes and thereby discriminated against minorities.
  • The affordable housing law required Fannie and Freddie to meet government quotas when they bought loans from banks and other mortgage originators.
  • The GSEs then pooled these loans together and sold them out.
  • Since the GSEs had the implied backing of the US Government, investors thought they were buying quality loans backed by the U. S government.
  • Investors all over the world came in to buy all this paper which was supposedly of high quality and with good ratings.
  • The investors  never realized, until it was too late, that the U.S housing market was was  built on a house (no pun intended!) of cards courtesy of the programs pushed by Barney Frank.
  • In the end, the poor were encouraged to take out loans they could never afford and which were later foreclosed upon, destroying the borrower’s credit.

But only in Alice’s Wonderland, or the U.S. Congress, would the people most responsible for the banking crisis get to come back and blame the banks for the polices they enacted…and then get to rewrite the laws!

The motivating idea behind the Dodd-Frank was to reign in the size of the banks or as they said they said at the time, banks that were “to big to fail.” Never again would we allow banks to get so large they could destroy the economy.

But here we are just a few years years and the banks are bigger than they were in 2008.

So as each passing days we get closer to living in the world George Orwell’s futuristic book “1984.”. Up is down, and down is up. Too big to fail now means let’s have even bigger banks.

The sad fact is that we deserve the politicians we get. The press no longer challenges Barney Frank (or others like him) and when he comes on T.V the general public has no idea who he is or what he’s done.

I was recently on a trading desk when Barney Frank appeared on T.V. I informally polled the junior people on the desk to see if they knew who he was.  To a person no one could name him. After I told them who he was, and what he had done, one of the junior traders was generally impressed that I knew so much on this subject. I responded ‘You should not be impressed by how much I know about him. You should be embarrassed by how little you know about him.

This is the world we now live in where professionals who work in the finance industry have no idea about the politicians enacting and creating the laws under which they perform their jobs.

One of the main reasons that sycophants like Barney Frank are able to do what they do and get away with it is that we are trained from an early age that politicians are people worthy of respect. That by the sheer nature of the titles they hold, we should revere them as something more than mere mortals. In reality, Congress and politicians generally have come to excel at only one skill: getting elected and reelected.

Barney Frank’s career is prototypical.  He has never held a job in the private sector and knows nothing about banking or finance. What he does know is how to get elected… and the main way he got elected was by keeping people ignorant about who he really is.

He’s not alone. He’s in good company with Barack Obama.

The Way Out

I had a thought the other day and while I don’t know if it’s unique at least it’s worth considering. In theory, both Democrats and Republicans stand for something noble and true. Republicans represent the power of the individual. The ability of a dedicated, hardworking person to excel.  Democrats represent an awareness that we are all connected to one another…that the whole operating in harmony is greater than the sum of its parts. So what has gone wrong?

EscapeWell, we can acknowledge the obvious and often do. Power, greed and corruption have infected both parties to the point where the governed no longer trust their government. However, there is a subtle yet more significant point to be made that applies equally to both parties.

In their championing of the individual, Republicans have evolved (or devolved) over time to where that principle is almost always seen in terms of financial success. And because that is the perception (and perhaps the reality) Republicans are misperceived as the party of the affluent who have little time for the poor and their related social issues.

Likewise Democrats, in their championing of the collective, have evolved (or devolved) over time to where they promote their principle as best solely administered by larger and larger centralized, government. And because that is the perception (and perhaps the reality) the governed have tired of the government’s incursion into every aspect of their lives.

But if we can shift our vantage point for a moment and think outside the self-limiting box of adversarial political parties with irreconcilable differences, we can envision and thereby begin to mold a future quite different from the trajectory upon which we now find ourselves.

In fact, we are a nation of individuals and a collective sum that is capable of achievements which are greater than the capability of its parts. We are Republican and Democrat alike as surely as we are “male and female alike.” The usurpation and manipulation of this truth throughout our Nation’s history, by those few who would seek to prosper at the expense of the many, has caused us to lose sight of the best in each of us as individuals and as Republicans and Democrats.

It is in a willingness to recognize and integrate the best of both parties…the power of the individual and our understanding of our connectedness to one another… that real power will be found.

We have gone to the moon and back because brilliant individuals joined with others and together they defied perceived limitation. It is time for Americans to be the best of who we are and once again move beyond the illusion of limitation.

Republicans and Democrats are not adversaries. We are Americans with different perspectives, different solutions… yet with each having our own brilliance and contribution to make to the greater good. It is only in recognition of this fact, and deference to it, that we will be able to move beyond the illusion of separation that now has us in its grip.

Separation and adversity are not cured by politicians or legislation but rather by a shift in perception and a change of heart.




The first time I read the last few pages of this book I cried. Then, when I picked up the book six months later to read it to my children I cried after reading the first page.

A Grace Given My kids looked at me in disbelief. They couldn’t understand why I had gotten teary-eyed after reading a few pages of a book. But, unlike them, I knew how the ending and the deceivingly happy beginning to the story only added to my sorrow. This extraordinary and inspiring book, “A Grace Given” by Kent Gilges, is the only book that has ever made me weep.

“A Grace Given was” originally recommended to me by a friend who told me, while sharing a drink at a bar, that his friend had recently written an inspirational book about the death of his oldest daughter, Ellie. I always take note of book recommendations that come from close associates as I perceive them to be vehicles by which God and the Universe converse with us.

Kent Gilges and his wife had the idyllic courtship and marriage. Predictably, they thought their luck would continue when they started their family, but after having their first child unanticipated struggles began. Lifesaving surgery on their firstborn infant daughter, Ellie, caused brain damage from which she would never recover. Ellie would cry incessantly and it was soon discovered that she had many more problems than first diagnosed. Given the amount of defects Ellie was born with, and the consequences of resulting surgery, she was going to require many operations and round-the-clock care. And so, with limited financial resources, the Gilges’ journey began on how to take care of their beloved little girl in the hopes of saving her life.

Kent’s love for Ellie brought him down a path he never expected to travel. That path stretched out towards faith in God. In a poignant moment detailed in the book, just before the crisis with Ellie began, Kent had asked Jesus for a sign that He was real.  Paradoxically, Kent believes that Ellie’s suffering, and ultimate death, was His answer.

This little child, who would never speak, walk or smile would mobilize hundreds of people for her care and show what God’s Grace is really about. Grace as defined by Websters dictionary as:

a :  unmerited divine assistance given humans for their regeneration or sanctification.

b :  a virtue coming from God.

c :  a state of sanctification enjoyed through divine grace.

Extended hospital stays were required. The financial burden fell on Kent to mange the enormous bills that were piling up. Circumstances required that Kent need a very flexible work schedule. Though strained by this tragedy, the family was none-the-less were able to manage and meet all the care their infant required as well as meet all of their other financial obligations.

Kent also discuses at length the myriad medical decisions that had to be made, the anguish these decisions caused due to their resulting ramifications, and the seemingly intolerable pain these decisions caused Ellie. With brutal honesty and heartfelt sharing, Kent’s Gilges’ suffering bleeds through the pages and one experiences the anguish he and his family felt.

Looking back Gilges writes “Ellie is the greatest gift we as a family could have received. She made–and still makes– our lives far richer, more contemplative, and full of joy than they ever would have been without her. She was a beloved and essential part of our family and would have been as long as she was with us. Ellie has given us an awareness of suffering’s noble beauty.”

Given the physical world that we live in whereby people are judged by their looks, status and money… it was one little girl with enormous physical defects that brought to this family a sense of hope and community. In the end, her life stood as a testament and reaffirmed to everyone involved what is truly important in our lives: Family, Friends and Faith.

The story is emotionally wrenching but, surprisingly, will leave you with renewed hope and faith. The ending is anticipated. Ellie will pass away. But Kent and his family attribute the many miracles that have occurred in their lives since Ellie’s passing to the gift of Grace that brought meaning to her suffering… and theirs as well.

I have never fully understood Grace and until this moment, as I write this post, I struggle with the concept. But Kent  Gilges and his family lived through an experience they never could have endured alone. It was through Grace that they were able to make it though.  As he so poignantly surmises, “We had hundreds of people trying to save our daughters life but in the end it was she who saved us.”

The Price of Denial

Short memories can lead to long regrets.

forgetAn Egyptian Court has sentenced former Egyptian President Mohammed Morsi and over 100 others to death Saturday over a mass prison break during the 2011 uprising that toppled Hosni Mubarak and later brought Islamists to power for the first time in Egypt. Also sentenced to death with Morsi in the case were 105 defendants, most tried and convicted in absentia.

Amnesty International condemns the mass verdict on grounds that 1) all the evidence used to convict is inadmissible and 2) death verdicts are the usual way to eliminate political opponents in Egypt. And while there may be merit to both objections, there is also a lesson here for those in the West with the attention span of a flea.

Mohammed Morsi was a key player in the Muslim Brotherhood. He attempted to ensconce himself in unquestionable authority once elected and allowed thousands of Hamas and Hezbollah terrorists to enter Egypt across the Sinai. It was soon apparent to Egyptians that the “Arab Spring” that ousted Hosni Mubarek and freely elected Morsi was a nightmare error.

This is the point at which we need to remember.

President Obama publicly supported the Arab Spring uprising, encouraged it, and even called Morsi to congratulate him on his election. Let’s also remember this same President did not call President Benjamin Netanyahu upon his recent election victory.

It was well known before and after the Arab Spring that Morsi was a major player in the Muslim Brotherhood, a known terrorist organization despite refusal by the Obama Administration to label it as such. In fact, the current President of Egypt, Abdel-Fattah el-Sissi who was the military chief at the time of Morsi’s ouster and who won the Presidential vote in a landslide, has made it a top priority to end terrorist breeding grounds in Egypt and the Sinai by rousting both the Brotherhood and ISIL strongholds.

It is of utmost importance that we remember and, yes, judge the consequences of this Administration’s foreign policy that fails to call radical Islam by its name, facilitated the election of a major player from a known terrorist organization, and is at this moment negotiating with Iranian leaders that through their policy of state-sponsored terrorism publicly avows their intention to destroy both Israel and the United States.

The saying “Those who fail to remember history are doomed to repeat it” originated for a reason. Our country under the Obama Administration has been, and continues to be, on the wrong side of history. Combine the propensity to repeat what we fail to remember with that fact and you have the makings of Neville Chamberlain’s tragic error in trusting Adolph Hitler.

We humans were given memory for a reason. Let us not fail to put ours to good use and avoid repeating errors in judgment that have repeatedly led to the death of millions. We can get it right this time around…but only if we remember.

Trust Me I’m Lying

When the writer Tucker Max had a book launch he hired a marketing company to create some “buzz” around the launch to generate sales.

liarOver the course of a few weeks, Tucker’s marketing company plastered his face on billboards all over Los Angeles and in one one night made certain all of those same billboards were defaced!  The marketing company purposely wrote terrible things about Tucker on some of the posters and totally destroyed others.

Ryan Holliday, head of the marketing company, then called all of the local news stations and gave them a crafted and nicely wrapped story to run the next day: “Tucker Max Posters Defaced All Over Los Angeles.” As anticipated, the news stations and press ran with the story because it gave them ratings and sales.

Tucker Max writes a form of literature called Fratire, where Tucker describes his drunken and hedonistic lifestyle. Needless to say, he has many people who don’t like him as a person. Given the narrative that the media already believed about Tucker, Holliday gave them a credible and newsworthy story about how Tucker was so hated that his enemies would go to the trouble of defacing and destroying his promotional posters and billboards.

Holliday is a master media manipulator. He shares all his techniques in his illuminating book, “Trust Me, I’m Lying, Confessions of a Media Manipulator.” He later worked for various blogs and eventually became the director of marketing for American Apparel.

The point of his book is really about questioning the truth presented by the media. I wrote about this in a previous post about the things we think we know. The best analogy I can give is from Plato’s allegory of the cave. In that story Plato describes a place where prisoners live chained in a cave while puppeteers cast shadows on the cave walls. Those shadows constitute “reality” for the prisoners. When one of the prisoners is able to escape, he comes to understand that the reality was just a projection. He realizes that because he and the others were trapped, the only reality they understood was what the puppeteers showed them.

How is that any different from what is shown to us on television today? Both political parties manipulate the press in ways that promote their particular agenda. One of the strategies Holliday discloses that media manipulators commonly use is planting stories in the newspapers and having them reported as fact. In one example, former Vice President Dick Cheney was known to be an anonymous source for major papers. He would feed reporters stories they were quick to publish then Cheney would show up the following day and cite those same newspapers as the basis for what he was promoting. What a ruse! Neither the interviewer nor the viewer knew that the source of the story was Cheney himself as he used the credibility of the newspapers to further his cause.

However, many times it’s the media themselves who are knowingly doing the manipulating. Take the recent case of George Stephanopoulos,  lead anchor for ABC news. What most people don’t know is that he was the Chief Communications Director for former President Bill Clinton and before that he had worked for liberal Democrat Senator Richard Gephardt. Upon leaving the Clinton White House, Stephanopoulos signed with ABC news and has been a reporter ever since…supposedly reporting a major network’s news with impartiality. You would think that having been the former Communications Director for a former United States President one would be , prima facie, disqualified from working as a fair and balanced journalist…especially one that reports primarily on political issues.

Apparently not.

Stephanopoulos has always been a Clinton apologist. The latest revelation is that he recently made $75,000 in donations to the Clinton Foundation all the while publicly defending and thereby promoting it. His support has been for a money making machine for the Clinton’s whereby most of the donations have come from overseas investors buying access to the highest reaches of our government.

(Note: The Founders knew that foreign donors would have, at best, little regard for US interests and at the least interests that were hostile thereto. Therefore they made political donations by foreign donors illegal!).

What most people fail to realize is that the media is a business like any other. It needs advertisement dollars to stay afloat. When James Altucher, a noted entrepreneur, went to C.N.B.C for an interview the producer told him he was just “the filler” for the “real” business which is commercial advertising.

Once you understated this concept of media as business, much of what you see makes sense.The Clinton donations makes sense as well.  George Stephanopoulos made a donation to the Clinton Foundation for access. He was making a bet that if Hillary Clinton became President he would be able to call in a favor and get her to appear on his show or get first crack at scooping White House news.

Its no different that what NBC did by hiring Chelsea Clinton and paying her $600,000 dollars for a journalism job, a job for which she had no qualification for. NBC was paying for access to her mother, the Secretary of State. The network was “investing” in their future access to securing interviews with the Secretary for which NBC would recoup their “investment” in advertising revenues.

The media is commonly known as the Fourth Estate, the institution that is to be the watchdog of government.  Yet the sad but true reality is this institution has been sold and, for the most part, provides the nation with paid propaganda. As too many Americans continue to form opinions and vote based upon what they hear and see on “the news” we remain a nation of sheep being led..if not to slaughter…then surely to slavery.

The Inner Game of Money

He quit the game of tennis only to return as a Master.

Inner GameThe classic book by Timothy Gallwey called The Inner Game of Tennis is the true story about a tennis Pro who leaves the game he loves as he becomes increasingly frustrated with his performance. A top-tier player, he believes he has failed to reach the level of excellence he should have achieved given his talent for the sport.

Gallwey steps back and does a thorough examination of his game and ways to improve it. The journey leads him to the study of meditation and its application to his game.

In a nutshell this is what he learned:

  • You have to practice a lot.
  • By doing this you will master the skill.
  • Once mastered, your body will know exactly how to do what and when.
  • Even at a high level of mastery, you will make mistakes in a game as we are human.
  • If you beat yourself up over the mistakes you make, you will make more mistakes.
  • Focus on the process regularly guiding your mind back to the task at hand.
  • Do not judge any result as good or bad; rather focus on the outcome you desire.

He states, “Every game is composed of two parts, an outer game and an inner game. The former is played against opponents and is filled with lots of contradictory advice; the latter is played not against but within the mind of the player and its principal obstacles are self-doubt and anxiety.” To really master any endeavor, the practice of extreme concentration is necessary to quiet the mind combined with the ability to forgive ourselves for the mistakes we make in order to improve our performance.

What I found so poignant in Gallwey’s teaching is his focus on forgiving ourselves in order to experience real breakthroughs. However, the act of forgiving oneself to achieve peak performance is related not only to sports but to money as well.

In James Altucher’s podcast with T. Harv Ecker, Ecker talked about how he used forgiveness as a way to attract money into his life. At the time, Ecker had lost all of his money and was being besieged by creditors demanding payment. On one occasion, his six-month-old baby was crying as he talked by phone with a creditor. As Ecker became more agitated with his son and the creditor, he screamed at his child to shut up. Startled by his own behavior, he hung up the phone. This sudden outburst became a pivot point in his life redirecting him and his priorities..

He hung up the phone and made three pledges to himself: 1) never to yell at his son, 2) forgive himself, and 3) be vigilant with what he thinks about. The last decision to be vigilant in his thinking was the turning point in his life and brought about the wealth he was subsequently able to amass.

Its always been fascinating for me to look at the lives of the wealthy and the successful. Over the years I have read hundreds of books on the subject of money and wealth creation. Yet the one commonality among all of them was the importance of thought and the huge role it plays in attracting money.

Even the atheist and eccentric multimillionaire Felix Dennis recognized the importance of thought and its ability to make money, calling money “the one addiction I can not shake.” His brilliant book on the mater “How to Get Rich” is a must read for any serious student on entrepreneurship. The book is brilliant because it is so honest. Its not about selling you an easy dream or illusion. Rather it gets you to think and ask yourself the question, “Do I really want to be rich?” Because if you want it you must be prepared to make extreme sacrifices and be able to go though the pain to get there. Dennis almost went bankrupt several times in his life. However, by focusing intensely on the problem at hand and with determination to solve the issue, he was able overcome many of his difficulties.

Another wealthy entrepreneur who discuses the role of thoughts in his success is real estate magnet, Frank McKinney, who was a high school dropout and tennis Pro before he started buying real estate in Florida. His first few years in business were a disaster. He admits he was nothing more than a glorified slumlord. Yet he knew the only way out of being a slumlord was to make money by building quality, expensive homes. So he proceeded to do so. He started building million dollar houses on spec with his own money. Today he builds multi-million dollar houses still on spec with resounding results.

McKinney only builds houses he would live in. Then he finds buyers for these houses after the build is complete. He attributes his successful money making to “stretching the money muscle.” The process was gradual. First he started borrowing small amounts to the point of discomfort. Once he got accustomed to managing small amounts of money he scaled up to borrowing more money. Each time the amount of money he needed for a project was a stretch for him. His first major hurdle in flexing his money muscle was borrowing one million dollars. He incurred the loan then was able to make money on the transaction. McKinney now builds single-family homes that sell for over twenty million dollars. He always builds houses that test his mental and financial limits since he’s learned it is the only way to grow.

The writer of the great blog StevePavlina.com, talks openly about the mindset he used to create wealth.

Completely broke at the time, Pavlina decided to train his mind to look for spare change. Walking around he was able to spot loose coins. Thereafter he was able to find enough coins to total a few dollars every day. He then moved to dollars as his main focus and, just as before, he was able to find dollar bills every day. He then adjusted his thinking to accumulating hundreds of dollars a day to thousands of dollars per day. Each time it worked.

The switch from coins to dollars was a bigger shift in consciousness but it became a new way of looking at opportunities. For example, to make hundreds of dollars a day might require the awareness that a small business that you frequent has a terrible web site and then brokering a deal where you could get paid for improving the site. His point was that there are “pain points” everywhere where you can make money but you have to train your mind to focus on these opportunities.

In every one of these stories about making money and being successful in life, the thought comes first… then the money. For Tim Galloway and T. Harv Ecker, it was about forgiveness and mindset. For Felix Dennis and Frank McKinney it was focus and stretching the mind to attract wealth. Finally with Steve Pavlina it was all about the focus on specific amounts of wealth and creating the mindset to attract wealth.

If you like this post, you will want to read the very practical and easy to apply ways you can begin today to attract money and success into your life. Take a look inside… then begin your journey to prosperity.