08-AUGUST 09-2021

Founding MothersGood morning.
Each economic crisis is different than the last. Those expecting a repeat of the housing crisis during Covid were mistaken, given a big jump in housing prices.  That’s because homeowners have had a decade to recover, and tight lending standards ensure that only a small number of homeowners today are underwater on their mortgage.
However, a crisis is brewing with the CDC’s on-again/off-again eviction moratorium.  Already on dubious legal ground before it ended in July, the organization has kicked the can down the road and extended again.  While that means renters can skip their rent payments and live for free, property owners are still on the hook for maintenance, mortgage payments and, yes, taxes.  The sooner this standoff ends, the less likely there will be any trouble in the housing market.  Until then, there’s a possibility that some parts of the market may be in for a wild ride.

Precious Metals Prices
Price at week’s end (change over last week)

Gold … $1,764.85 (-2.8%)
Silver … $24.42 (-4.5%)
Platinum … $988.50 (-6.4%)
Palladium … $2,663.25 (-1.1%)

Now here’s the rest of the news:

Credit Suisse: Gold At Least 10% Undervalued
Credit Suisse’s commodity analysts make a strong case for a short-term rise in gold price.  Consider bond yields: Last year, when rates were this low, gold was trading at $2,000 per ounce… [Read Here]

What Would Our Economy Look Like In The Shadow of Vaccine Passports?
The Biden Administration says Covid vaccines “should be mandated.”  Brandon Smith of Alt-Market.us ponders potential consequences… [Read Here]

Yellen Begins Extraordinary Measures to Prevent Default
The non-partisan CBO predicts the Treasury will run out of cash within 90 days, and Congress isn’t even talking about it.  Instead of panicking, here’s what we can do… [Read Here]

August 09, 2020

DECLARATION FOR THE DAY:

“I set up and design my life the exact way I want it to be.”
(Say this 3 times today)

Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy!

Describing its beauty!!!  Panoramic view of harbor and city of St. John’s, NFLD.

St. John's Nfld, Canada

Brilliant bright blue summer day sky with puffy clouds over St. John’s [Newfoundland].

August 09, 2019

Content that SERVES is content that SELLS

Monica Shah is right-on-the mark when she says, “There’s a lot of confusion out there about how to make money and use effective sales strategies.  So the key to making more money in your business is doing more sales conversations consistently.” (A sales conversation is defined as a conversation in which you ask someone to pay for your product or service.  You say your prices, payments and ask for the credit card or sale.)

Selling One to Many

Lost in RomeThis includes:

    • Selling in front of a room
    • Selling from a stage
    • Selling from a webinar
    • Selling from a video

One of the biggest problems for entrepreneurs today is that they aren’t spending enough time learning the skill set of sales, Monica.  Each of the types of sales above requires training.  And without specific training, selling is like bumbling around in a foreign country where you don’t know the language.  It works sometimes, but most of the time you have no idea what’s going on.

We agree on a general rule of thumbyou should be having 3 sales conversations a week.

Have those three sales conversations a week!
That is How to Move Money Into Your Bank Account… 🙂

August 09, 2017

Ultimately, how well you do with your traffic all depends on who’s doing the clicking.  I agree, however, if we are just out to help people, won’t everyone be reached that can click?  In other words, by keeping it simple, we don’t have to worry any longer about “chicken lists,” or working up, or down, the socio-economic ladder.  I think I like that much better.

I define “targeted traffic” as traffic made up of people who think often about the problem your product solves, or the benefits that it delivers.

Chances are, you are reading this because you were looking for a way to make more money, and to do it from home on your own hours.  Chances are there are consequences if you don’t make this change — like unhappiness, debt, not seeing enough of your family, etc.  In your marketing, you want to target people who are looking for your solution and “now” ready to take action, just like you.

There are hundreds of thousands of ways to earn an extra income from home.  Many of them are garbage, and many individuals promote ineffective ways to package success — many  of these businesses sell courses to opportunity seekers (i.e., junkies) who relentlessly keep buying these course forever.  What most of them are really buying is hope.   Each time they pull out their credit card and buy, they’re buying the feeling of hope that this product is going to be their savior — and a lot of them mistake the good feelings that come with buying with actually making progress.

I used to be a business opportunity (biz opp) seeker.  Biz-opp seeker don’t make much money in this industry.  Strategic entrepreneurs who think like real business owners (and who sell to the biz-opp seekers) make the money.  It wasn’t until I stopped looking for the magic bullet or “next shiny object” that was going to make me millions for nothing in return, and began to focus on building a real business, that I made progress.

REW

IMG_0712
Come From Aways, Do You?

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09-SEPTEMBER 18-2021

Ten Ways To Foster Innovation In order to compete effectively, we must look for new and better ways to accomplish our mission.  We must find creative methods to delight our customers.  And we must find innovative strategies for getting more done with fewer resources. With things changing as rapidly as they are, doing things the old way won’t be profitable for very long.  To grow, we must be constantly innovating. An innovative company attracts and keeps better employees.  People want to be part of something creative.  It’s stimulating and it’s fun. Here are ten things you can do to foster

09-SEPTEMBER 17-2021

Good morning. We’re fans of following company insiders when they buy their own shares.  That’s because they only buy if they see a good value going forward.  Most company insiders are partially compensated in shares, so they have plenty of reasons to sell, from portfolio diversification to big spending bills like a second house or divorce. Overall, buying with company insiders produces excess returns compared to the market.  But they’re not the only insider group out there. Consider Congress.  Last year, two senators sold off stocks after an early hearing on Covid and before the big crash.  House Speaker Nancy

09-SEPTEMBER 16-2021

Good morning. Yesterday marked the 13th anniversary of the collapse of Lehman Brothers, a “victim” of over leverage on the US housing market.  Yesterday also marked the day when Evergrande, a Chinese real estate firm, stated that it wouldn’t pay interest on its already-collapsing bonds. For years, many have warned about the size and rate of China’s real estate buildup, from empty cities to investment homes that sit unused (one of the few places where citizens can park cash).  While we’re optimistic that the damage can be contained to China and not impact global growth too much, we also can’t

09-SEPTEMBER 15-2021

Good morning. We’ve warned for weeks that stocks are at elevated levels, and that a modest pullback would be likely.  Now, however, investor sentiment has gotten heavily bearish, for more than just a small pullback. That’s somewhat concerning, as fears of a market pullback could lead to enough profit-taking and cash-raising that it becomes a self-fulfilling prophecy.  However, a market so quick to get so bearish could also be a sign that there’s still a major rally ahead.  Bull markets don’t die when investors get fearful.  Rather, it’s when investors get so bullish that they go all-in at record highs.

09-SEPTEMBER 14-2021

Good morning. With Labor Day weekend over, oil prices should be trending down.  The summer driving season in North America is over, and it’s largely an American phenomenon.  However, expectations for a potentially colder-than-average winter are keeping a bid under oil prices right now. At a time when traders typically expect lower prices going forward, oil is now at a 5-week high and trending higher.  And Bank of America analysts see crude oil pumping as much as $100 per barrel under an exceptionally cold winter scenario.  It’s likely that gas prices may remain higher for longer than expected, and can

09-SEPTEMBER 13-2021

Good morning. Last week, Treasury Secretary Janet Yellen warned that the measures underway to preserve cash at the US Treasury were likely to run out in mid-October.  Unless Congress acts to raise the debt ceiling, there could be a potentially debt cliff where a number of government programs simply don’t get paid. That’s a scenario that nearly unfolded in 2011. 10 years ago, it also provided the stock market with a flat return for the year and a closest thing to a selloff since the housing crisis two years before that.  Last week’s market weakness may be starting to reflect

09-SEPTEMBER 12-2021

Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy! Describing its beauty!!!  Fishing boats on the River Gwaun at Lower Town in Fishguard on the Pembrokeshire coast in Wales,U.K. It doesn’t matter how you get there … only that you come to visit! September 12, 2020 Whew! This year has definitely been one for the books. Between the “illness”, unrest, and just general uncertainty 2020 can move anytime! But, you know what really helps me when things get super overwhelming? Gratitude. Staying focused on the things

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