Paleo Road Trip – Find the nearest paleo friendly food on the road map search radius Is this Paleo – Scan bar code, refer to database, determine if ingredients are paleo Miracle Morning – meditation, guided affirmation, guided visualization, exercise motivation, writing suggestions – all timed. Random breakfast generator Pack your lunch – suggest brown bag combinations based on what you have. Don’t have this item? Generate new lunch Diet options paleo vegetarian vegan south beach etc Curated podcasts Where do you want to go? end the constant conversation cycle over where you want to go for dinner. Click a button, find a good restaurant social proof how many people how much was your bill 1 -5 thumbs up Echolocation Could be useful for measuring Could be useful for blind people GPS Property Profile pull GPS coordinates Select from 10 nearest addresses Pull data for the selected property comp value sales trends in area Take photo Idea Brainstorm Helper suggest topics ask keyword-based questions who what where when why how
10 ideas for finding good tax deed investing markets Upmarket – Positive population growth states Within states, which counties have sufficient population? Upmarket – Within each county, which areas are growing? Where are the top half of high schools? Where are the top half of home values? Where is the high income area? Go where the ducks are! Downmarket – Dropping home values (low competition) Downmarket – Population leaving (within limits) Downmarket – Below replacement cost values
Today’s idea list is going to be for 10 ways to build a writing career: Old school – apply to be a writer at a newspaper or magazine New school – start your own blog. Develop a following and sell stuff to your following. Test headlines on social media to see what sells. Then develop a landing page, iterate your sales copy, and sell stuff. Hire yourself out on writing brokerages like iwriter or textbroker. Self publish on Kindle Create stand alone information products Publish articles on web 2.0, build following, sell stuff Write video scripts for people looking to create the next viral video Write the great american novel one tweet at a time, get social shares, get media coverage, profit Write press releases.
Today’s idea list is going to be about 10 ways to generate site ideas. Amazon 2-minute cheat For dummies style book topics Demographic trends Get Paid Investing – Making stocks pay you Get Laid Lose weight Technological trends 3d printing Existing site tangents Deep twitter trends Lifestyle/Lifecycle trends eco friendly parenting
Today’s idea list is going to be about 10 blog posts that I need to write about financial security: What is Inflation? Your financial life is drastically affected by inflation constantly eroding away your wealth. All of your future plans need to take this into account. Money supply is the root of inflation. The Saving For Retirement Scam Personal finance books all say the same thing: cut back on your expenses and save for your retirement in index or mutual funds. The problem with this is that those calculations do not factor in inflationary dollar cost averaging. The 401(k) Myth People who do save for retirement think that once they start pulling down their 401(k) in retirement, things will be fine. But that doesn’t factor in the tax situation or inflation. 401(k) income is ordinary income, which, when combined with social security income, will probably put you in at least the 25% bracket. This will knock down your real returns significantly. How to Retire without Stress In order to retire without stress, we need enough income to support our standard of living (whatever that might be). This needs to grow with inflation. Inflation adjust your cost of living expenses. Retire without Stress Plan 1 – Paper Assets As we saw in the Saving for Retirement Scam, you can’t realistically rely on average returns to support you in retirement. So you need above average returns. Calculate 3% and 4% safe withdrawal rates. Calculate your required IRR taking into account dollar cost averaging and inflation. Look at various options to achieve that IRR: Options Distressed Debt Dividend Growth Stock Picking Momentum Trading Once in retirement, you may want to shift your portfolio to a more risk-averse style. Retire without Stress Plan 2 – Real Estate Cash flow positive real estate is a great option because it provides income to cover your real life expenses. But there is more than one way to skin a cat. Play the capital gains game until your asset base is large enough to provide enough income. Capital gains: Buying distressed property, fix & flip Buying from distressed owners, cash is in the deal Tax Sales Cash flow: Rentals Tax liens Holding mortgages Retire without Stress Plan 3 – Business Create and build a business that you can either sell or outsource to retire on. If you sell, then you can take your cash and roll it into one of the cash flowing plans. If you outsource, your after tax profits need to be able to support you. Paper Assets in Retirement Once you are retired, your paper asset investment needs shift from growth to income. What does this really mean? If you can construct a portfolio that will be less volatile and throw off income, you can maintain your retirement as long as you need. Options: Permanent Portfolio 60/40 stocks/bonds Bonds held for income Extra 1% – Covered Calls Financial Needs in Retirment Kids are grown and gone Health costs will continue to rise New needs: long […]
Today’s word of the day is: disinformation June 30, 2015 noun \dis-in-fer-MAY-shun\ Definition : false information deliberately and often covertly spread (as by the planting of rumors) in order to influence public opinion or obscure the truth Examples The writer’s latest book examines the effects of propaganda and disinformation during the Cold War. “But more than anything else, we believe the level of fury and disinformation in this debate does a disservice to every student, teacher and taxpayer.” — editorial, Newsday (New York), April 19, 2015 So my idea list is going to be about the top 10 uses for disinformation in on a personal level. Security – Online profiles are ripe pickings for cyber criminals. Don’t provide accurate information that can be cross referenced to determine who you are. Dating -If you are dating multiple people, this one is a no-brainer. Creating a persona – If you want to develop multiple professions, having a persona to match each one will build authenticity. Competitive advantage – In a more Machiavellian sense, you can plant disinformation to send your competition off track at key moments. Lying to yourself to improve – This is what affirmations and visualization exercises are all about. You are literally telling yourself something that isn’t true yet with the goal being to spur yourself into action to achieve those things. Ego boosting – This is the base form of personal disinformation. Promote yourself. Advertising block – Advertising companies extract information from all over the place to build their lists and target you. Provide disinformation to protect your wallet. Protecting other people’s feelings – This is probably the most common use of personal disinformation. People lie constantly to protect others. In my opinion, 99% of the time this is a waste of time and energy. The bluff – Whether you are playing cards or trying to get out of a dangerous situation, disinforming your opponent into thinking you are stronger than you are is a key tactic. Self protection – This is the flip side of lying to yourself to improve. People create their own disinformation to protect their fragile psyches from facing reality. It’s sad.
Today’s idea list is going to be about 10 books I could write about stock options: Stocks vs Options Describe the advantages and disadvantages of both Stocks “Own” a piece of the company Entitled to a vote in the running of the company – no practical importance Activist investors like Carl Icahn have said that corporate boards screw shareholders on a regular basis Dividends large shareholders have forced special dividends in the past Dividend growth over time can be valuable Immortal ownership Market Price Expensive Options Own a right to act on a stock Expiration Strike Price & Market Price Cheap compared to stocks Combination strategies Leveraged No dividends / owe dividends Pricing Moneyness Time Volatility Call Options & Put Options Basic run down of all types of call options Protection Racket – Stocks & Option Collars Debit Spreads – Bull Call Debit Spreads – Bear Put Debit Spreads – Straddles & Strangles Credit Spreads – Straddles & Strangles Credit Spreads – Bull Put Credit Spreads – Bear Call Credit Spreads – Butterflies & Condors
My idea list for today is about what to do while waiting for the wife and daughter to wake up in the morning. Research tax deed sales & tax liens Work on website development plans Pick up breakfast Watch TV not my favorite choice Create more marketing funnel blueprints Write content Keyword Research Investigate QRP loans If we can create cash inside a QRP tax free, can we borrow against it like a 401k? Options/future research Reading
Today’s idea list is going to focus on: ways I can make $5,000 per month. Tax liens (Mostly passsive) At 18% interest, I’d need to have $333,333 invested in tax liens. Of course tax liens generate accrued lump sums, so not suitable for living on. High end SEO (Active) 2 clients at $2,500 per month would create $5,000 per month. The first couple of months would not see much in the way of profit. Selling SEO links (Active) At $100 profit per order, I’d need to have an order flow of 50 orders per month. The cost of building such a network would be high. Selling PBNs (Active) At $100 profit per site, I’d need to build 50 sites per month. This is much more doable. Build and flip websites (Active) If sites sell for 20x earnings, I’d need to create sites that bring in $3,000 per month each year. So the sites would generate $36,000 per year, and I’d sell them for $60,000 per year. This is the problem with the selling sites model. It’s good to get a cash infusion at the beginning, but after a while it just doesn’t make sense to sell. Buy websites (Passive) At the same 20x multiple, I’d have to buy $100,000 worth of sites. But only once. There are ongoing maintenance costs to consider. Build websites (Active) If the average site generates $30 per month, then I’d need to build 167 sites. At $100 per month, I’d need to build 50. Of course, this is cumulative over time. Dividend investing (Passive) At an average yield of 4%, I’d need to have $1,500,000 invested in dividend yielding stocks to get to $5,000 per month. If, instead I buy in at $800 per month and compound along the way, I’d need to buy in for 800 months (67 years) for a total investment of $480,000, reinvesting everything, to create that same capital base throwing off $5,000 per month. Of course, inflation would eat into these returns substantially. Sell Semantic Keyword Architected Sites (Active) At $199 per site, I would have to sell 25 sites per month. Factor in costs of $50, and I’d have to sell 34 sites per month to clear $5,000. Sell Incorporation Services (Active) At $230 profit per corporation, I’d have to sell 22 corporations per month. Rental Houses (Mostly passive) I’d need to acquire 10 rental properties throwing off $500 per month cash flow. In free & clear properties, I’d have to control about $500,000 of real estate.
So I’ve been reading The Miracle Morning and for some reason it made me wonder about real jobs. And that got me thinking about how much people actually make. So let’s say you are an average American. The average American’s Personal Income per Capita is $43,735 according to the US Department of Commerce. As with all government statistics, this should be taken with a grain of salt. Let’s assume this income is from a 40-hour work week. That works out to $174.94 a day or $21.87 per hour. First, let’s realize that the hours you spend at work are not all the hours you spend on the job. There is the commute and the getting ready in the morning. So let’s say you commute 20 minutes each way (the Population Reference Bureau says 25 minutes is average) and spend 20 minutes getting ready that you wouldn’t otherwise spend. So you’re (maybe) going to eat breakfast whether you go to work or not. So that time wouldn’t count. But you can easily add another hour to your work day for commuting and getting ready. So your per hour rate just went down to $19.43. And then there’s lunch. I think the days of being paid for your lunch hour or lunch half-hour are gone for the vast majority of people. So with a half-hour lunch, your hourly rate has now dropped to $18.41 per hour. And then there are all the expenses you have that are directly related to your job. That commute that you are driving costs you not just in time, but in gas and wear and tear on your car. Using the IRS’s data of 56 cents per mile and the average commute being around 14 miles each way, you are spending $15.68 on your trips to and from work (And yes, I know it’s not tax deductible). Basically your first 45 minutes of your job is to pay for you to get to work. So now our daily earnings just went down to $159.26 and our effective hourly earnings fell to $16.76. And what about your work attire? Whether you wear a uniform or “business attire” most people’s work clothes are not the same clothes they choose for themselves in their personal lives. The cost here can vary greatly depending on personal preferences and job requirements, but from what I’ve seen from my tax clients, I think $800 per year is a pretty conservative estimated average. This would factor in the purchase and cleaning of work clothes. So that only hits us for $3.20 per day leaving us with $156.06 per day or $16.43 per hour. And about that lunch that you don’t get paid for. You still have to pay for the food. How many people in your office brown-bag it? What does the average work lunch cost compared to the average meal that person would have had if he or she had eaten at home? I’m going to say an extra $7 per lunch over […]