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What Do You Do With Luck?

By Kevin Mogavero My good friend Randy Watterson sent me this article, What’s Luck Got to do with it? by Jim Collins. In the article, Jim talks about the difference between a 1 or 2Xer (a person who meets or doubles the industry standard of success) and a 10Xer (a person who is able to obtain 10 X the industry standard). What he describes … [Read more...]

American Decline

Is it Avoidable or Inevitable? “We’re not going to bail our way out of this crisis, we’re not going to stimulate our way out of this crisis, we are only going to educate, ultimately, and imagine and invent our way out of this crisis.” —Thomas L. Friedman, Meet the Press   “By 2020, the U.S. will be spending $1 trillion a year just to … [Read more...]

The Magic of Parkinson’s Law and Your Money

By Kevin Mogavero Parkinson’s Law: “Work Expands so as to fill the time available for its completion.” In other words, we’ll take all the allotted time available to complete a task. If we’ve got an hour to do a task, we’ll take an hour to do it. If we’ve got a minute to do the task, we’ll get it done in a minute. For example, if … [Read more...]

A U.S. Grand Policy

By Oliver DeMille The Jobs Plan We Need In the furor over the national debt, deficits, stimulus programs, the Obama Administration’s proposed jobs plan and the Republican responses, we are missing a simple reality. America right now is in desperate need of a clear, simple, overarching Grand Policy. The Grand Policy would look something like … [Read more...]

Capitalism vs. Free Enterprise

By Oliver DeMille The New Culture War During the Cold War, people came to equate the three ideas of democracy, capitalism and free enterprise. This made sense at some level, since the whole world seemed inescapably divided into authoritarian, totalitarian, socialist and communist nations on the one hand and democratic, capitalistic and free … [Read more...]

The Popular but Losing Business Growth Strategy

By Kevin Mogavero The other day I had a great conversation with a small business owner who told me a captivating story about his experiences with referrals and referral groups. In short, his ‘give vs. receive’ referral ratio was in the 2% to 3% range. In other words, he wasn’t getting a whole lot for all that he was giving. Anyone who … [Read more...]

A Genie & Entrepreneurship

By Oliver DeMille The old Cold War-era joke is told of an American, a Frenchman, and a Russian, lost in the wilderness, who find a lamp and rub it. Out comes a Genie. He offers them each one wish, for a total of three. The American pictures the large ranch owned by the richest people in the valley where he grew up, and wishes for a ranch ten … [Read more...]

LIFE Adversity Quotient

By Orrin Woodward Adversity Quotient (AQ) is the ability to persevere through numerous setbacks in order to achieve one’s dreams. Everyone has the ability to develop AQ, but winners through purpose, vision, and perseverance develop it, while the rest do not. The LIFE community is a great way to start learning AQ. Here is a portion of the … [Read more...]

A Tale of Two Warriors

By Kevin Mogavero As my daughters are growing, I’m fashioning a series of stories to tell them that will teach them the principles of self-reliance and disciplined optimism. The main characters of the series are two Japanese samurai warriors that are immortal. They wear the same clothes and they look identical to each other. They fight to … [Read more...]

7 Financial Mistakes to Avoid In the Next Decade

By Garrett Gunderson With the turning of a new decade comes the review of what happened in the last 10 years and the hope of what the next 10 years might bring us. Because of my philosophy of investing in your greatest asset (which is YOU) at all times, I'm going to give you my top 7 mistakes to avoid in the next decade: Mistake 1: Avoid … [Read more...]