The Financial Law Of 15

Tai’s mentor text tip of the day explains a simple financial law that only the wealthy understand.

It will make you rethink the way you buy things with your money.

From Charlie Munger to Warren Buffet, all of the successful people in the world use this method to get more money.

the wealthy, financial law, get more money, charlie munger, warren buffet

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50 Secrets of the World’s Longest Living People

My friend was just hanging out with a wealthy billionaire in Boston.

Two billion or more net worth. Owns a private 747. But the billionaire is overweight and bed ridden. Sick all the time. In the process of making money he neglected his health.

Like the wise saying goes: “What does it profit a man to gain the world but lose his soul.” And I would add what does it profit us to gain the world but lose our physical health.

Today’s book of the day 50 Secrets of the World’s Longest Living People by Sally Beare takes us into the lifestyles of 5 traditional people groups who live much longer and healthier than the average modern person (think over 100 and still outside working and playing).

As a nutritionist she studied people from Okinawa, Japan; Symi, Greece; Campodimele, Italy; Hunza, India; and Bama, China.

These people groups have 2 or 3 times the amount of people living page age 100 and 70% less of certain chronic diseases like heart attacks.

Let me highlight the 15 secrets I found most relevant to our every day life:

1. Only eat till 8 parts full: Okinawas say “Hara hachi bu” which means ‘”belly 80 percent full”. So instead of stuffing myself until I actually feel full I should stop just short of actually feeling stuffed. There has been a good bit of science done to support this.

It may be that their is some value in calorie restriction, or that it just keeps our average body fat down, or that if you always eat till you feel full you train your stomach to expand and need more and more food to feel satisfied.

I wonder what the Okinawans would think about the all you can eat buffet restaurant ideas? Probably the worst idea ever invented for health.

2. Eat 7 times more vegetables than meat: It’s interesting because all the groups of people she studied ate meat, dairy and animal products. Just like in the book “Nutrition and Physical Degeneration” Weston A. Price says in his exhaustive studies none of the worlds healthiest people groups were vegetarian.

But that doesn’t mean they ate like the average modern person. Even thought these 5 healthy people groups ate meat they had a different ratio – they ate way more veggies and fruits than meat. They also ate a lot of fish, it wasn’t always read meat.

I have read almost every health book ever written and only thing they all have in common is eat lots of vegetables. From Arnold Schwarzenegger and Paleo advocates, to the USDA recommendations, to the most hard core Vegan, everyone agrees – Vegetables should be the highest volume food type we eat.

I’m going to try to see if every plate of food I have can keep this ratio – 7 times the vegetables than the meat. I just use my eye and make sure my plate looks like there is way more vegetables than anything else.

My favorite technique is to take a huge salad and dump it on top of whatever I’m eating. I make sure it looks like the salad is a mountain on top of the meat.

wealthy billionaire, longest living people, secrets of the longest living people, physical health

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Never Give Up

Hey just released the 67 steps to finding health, wealth, love, and happiness.

When you were fourteen years old what did you dream you would do with your life?

I wanted to own an NBA basketball team and travel the world doing public speaking. Life has a mind of its own though.

If you are not careful it grinds down most of your dreams.

I think it’s because we all basically give up too easily.

We try once or twice when we are young and innocent, fail and then spend the rest of our lives fearing a repeat of that failure.

We get older and set up our lives in a nice little secure box.

We fail ironically enough, because we fear failure.

Today’s book of the day is “When I Stop Talking, You’ll Know I’m Dead” by Jerry Weintraub.

When I Stop Talking You’ll Know I’m Dead

This is a book about the life of a man who didn’t fail. He was rejected. But in the end he didn’t fail – he actually pulled off his childhood dreams (how many people can honestly say that).

I like books with this theme. They stretch my brain and build my courage.

I believe that success is not really learned. It rubs off on you. Mostly from being around mentors 20 years ahead of you (and the easiest way to find an amazing mentor is by reading about their life with a $10 book like this one).

Jerry was born in New york in the 1930’s. From a young age, five or six, after seeing a Hollywood movie he decided he would be in the entertainment business.

My favorite story in the book is how he actually pulled it off because making it in Hollywood isn’t for the faint of heart.

Skip to when he was 26 years old. He was married, still living in New York, a nobody in the industry, and broke ($60,000 in debt and that’s in the 1950’s so that’s a lot worse in today’s dollars).

But one morning he woke up from a dream and told his wife “I have decided I’m going to take Elvis Presley out on tour.”

Now remember at this time Elvis was literally the biggest name in the world. He was like Bono and Justin Bieber and Lady Gaga all rolled into one. And Jerry was just starting out, a broke kid with big ambitions, no money, and no connections.

But he had done his research about “The Colonel”, Elvis’s manager, and found the Colonel’s home phone number.

He had also read that the Colonel was an early riser. So Jerry picked up the phone and called Elvis’s manager at 6 am.

The manager answered and said “Who are you” and hung up.

Here is where most of us would have given up.

But Jerry was on a mission.

He called for 365 days in a row. Every time with the same result – the Colonel hanging up. I’m not religious but this reminds me of the parable of the persistent widow:

“Then Jesus told his disciples a parable to show them that they should always pray and not give up. He said: In a certain town there was a judge who neither feared God nor cared what people thought. And there was a widow in that town who kept coming to him with the plea, ‘Grant me justice against my adversary.’

For some time he refused. But finally he said to himself, ‘Even though I don’t fear God or care what people think, yet because this widow keeps bothering me, I will see that she gets justice, so that she won’t eventually come and attack me!'”

Jerry was like that persistent widow and almost exactly one year later, after having called each morning for a year, the Colonel answered and said “Jerry, you finally want to take my boy Elvis out on the road?”

The Colonel said to bring a check for $1 million dollars to a hotel in Vegas the next morning by 11am or Jerry would lose his one chance.

This presented a whole new set of problems. One, Jerry was broke and in debt. Two, this was the 1950’s, a million dollars was a lot of money. Three, Jerry lived in California not Vegas.

But Jerry was fearless. He got on the phone and spent the whole night calling everyone he knew and any lead he could get his hands on.

Amazingly he found a radio station owner near Seattle who was a huge Elvis fan to front Jerry the money. The guy literally wired $1 million to Jerry without even seeing him in person (the moral of that story is ask enough people for something outrageous and someone will probably do it).

Jerry jumped on a plane to Vegas, went to the bank to get the check made out to “Elvis Presley” and ran across the street to the hotel where Elvis and the colonel were staying.

Jerry handed the Colonel the check and they just shook hands on it. No contract, nothing. They could have screwed Jerry, but they kept their word and that year Jerry took Elvis out on a national tour that turned Jerry into one of the most powerful people in showbiz.

He ended up making something like…

never give up, childhood dreams, your dreams, most of your dreams

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Instant Happy

Hey just released the 67 steps to finding health, wealth, love, and happiness.

Today’s book of the day is a fascinating little book called Instant Happy by Karen Salmansohn.

You can read it in like 20 minutes. It’s more of a coffee table book.

It seems like it might be a little cliche at first but then as you ponder the pages you realize it’s pretty profound.

Her main point is that happiness is about thoughts. Control your thoughts and you control your happiness.

One of the first pages says, “See your tormentors as your mentors.”

The idea is build the skill of manipulating your mind into re framing life events. Taking some ‘tormenting’ annoying person and using them as a springboard to something bigger and better.

I am reminded of the psychological concept of “Ontology” which explains how we all tell ourselves a story.

For example, the same thing happens to 2 people, let’s say getting fired from a job. One person sees it as a horrible tragedy and focuses on the loss of income. The other person sees it as an excuse to start up the home business they have always dreamed of owning.

Same event, different story, dramatically different outcome in the long run. So the author says we should see:
Failure as Creation
Endings as New beginnings
Mistakes as new discoveries
It reminds me of the story of Thomas Edison who invented the lightbulb and the movie camera and who over his lifetime was awarded over 1000 patents. Edison reminded people that most of his ideas failed initially. But he manipulated how he perceived his failures by saying: “I have not failed. I’ve just found 10,000 ways that won’t work.”

That was him re-framing failure to give him the energy to keep going.

Michael Jordan was the same way. He is quoted saying:

I have lost almost 300 games (that’s more games than many NBA players have court time in)
Missed over 9000 shots (again more shots than an average NBA player even takes)
26 times was given the ball to take the game winning shot and MISSED.
Michael Jordan was the greatest athlete of all time because he tweaked his mind to see pain and failure as a normal part of success.

That’s why I have always loved being an entrepreneur. We invent our own reality. My mentor taught me, “The definition of an entrepreneur is someone who makes the world in their own image.”

instant happy, control your thoughts, control your happiness

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