Laughing All the Way from the Bank


The saga at Wells Fargo reflects some important facts.  We live in a sick society.  The system is sick!

How do we escape the disease?  One way to quarantine your wealth is to walk away from the system as much as you can.

Of course the Well’s Fargo deal is baby stuff.  This fraud only affected 2 million people. The fine of $35 million is paltry.  From 2009 through  2015, misbehaving banks paid over $200 billion in fines.  Most of the “Too Big to Fail” banks, Barclays, HSBC, Royal Bank of Scotland, Deutshe Bank, Goldman Sachs,BNP Paribas, JPMorgan Chase, Bank of America, Citigroup, etc. have faced much higher penalties.

Sadly the majority of the fines have not reached the people who were cheated.

wsj graph

Chart from  the Wall Street Journal article “Big Banks Paid Mortgage Related Fines – Where Did the Money Go?” (1). According to this article  only $44.7 billion went to consumer relief and even what consumer relief was not clarified.

There have only been 35 bankers sentenced to prison but not one of the top executives at the so-called “too big to fail” banks had any criminal charges pressed, even as their banks paid tens of billions of dollars in fines to settle charges of wrong doing leading up to the financial crisis.

In other words, the epidemic of fiscal immorality seems to have seeped into government as well as the banks. The fines were great for the government.  States and Federal agencies made a bundle.  Top bank executives generally saw an increase in bonuses and pay.  The customers and shareholders of the banks?  Sorry!

Darn if I know what to do about this except… stop doing business with these banks!

One way to do this is to us small community banks, state banks and credit unions.  Another way (which is my favourite) is to be free of debt.

One of the favorite workshops I teach is “Early Wealth” for kids.  I present this to groups of school kids.  Often adults in attendance say they gained really valuable ideas as well.

The children love it and soak up the information on how to attain wealth.

The ideas begin by showing a dollar bill and a candy bar.  The kids can choose which they would prefer.  Some choose the candy, others cash.  But twenty-six more dollar bills are taped to the first and they then unfold.  Now the kids see twenty-seven dollar bills dangling before them and they are asked to choose again. Kids are not stupid.  They take the twenty-seven bucks and in the process learn the power of compounded interest.

If they take a dollar and put it in the bank, even at a low interest rate it grows to twenty-seven by the time they reach age 65.

Today, with zero and negative interest, this does not work so well.

Many of the parents at this workshop have told me they wish they had had this when they were younger as I point out the importance of starting early.

keppler

This chart from the 2016 Asset Allocation Review by Keppler Asset Management shows that a person who puts $1,000 into the stock market and leaves it earning 9% per annum compounded will have $48,327 at age 65.

Of course those of us who turn 70 this year may not have 45 years to let the money work.  On the other hand, one headstone on the family cemetery at our farm shows one of the interred lived to be 115!

Then we have the banker’s race.  Two children are selected, one a large boy, the other a small girl.  They race as they drag a fifty pound bucket of mud. Each selects five bankers. The difference is the girl has been good and saved money so her five bankers help her pull the bucket.  The boy, who has been bad and borrowed money, has to drag the bucket and his five bankers. You can guess who wins the race.

This lesson remains half true.  When we remain out of debt we are not working for our bankers… unless (a quarter of the lesson’s value gone) the bankers are secretly cheating us (like Wells Fargo).   Right now when we do not have debt, the banks are still not working for us (another quarter gone).

When we are not in debt and do not relay on credit, provide natural immunity from the wealth diseases created by big banks and big business.

Here are two examples:

Walk Away from the Bank Example #1:  Merri and I were conducting an Ecuador real estate tour when the Ecuador currency, the Sucre, collapsed.  We had over 100 people we were paying for their travel, hotel and food (via Merri’s Amex card).  The sucre dropped so fast the hotels (who were linking to the US dollar) gave us a new rate every day.  At the end of the ten days, when we received our Amex bill, we saw that Amex had not adjusted the forex rate as they should have.  The difference in the error was over $5,000.  We went from Amex representative to the next.  Each agreed they were wrong and would fix.  None did and the bill kept coming.  We kept refusing to pay.  They shut off Merri’s card and eventually turned this over to a credit collection company.  However  the credit card company thought the bill was off and arranged a conference call with an Amex VP.  She agreed and said this would be fixed.  It never was and for five years offers came (for reduced amounts) for a settlement.  We never budged.  Merri could not have an Amex card for five years, but what did we care?  After that time,  they sent her another card even though we never paid a cent of the overbilling.

Walk Away from the Bank Example #2:  Amerigas is a propane company.  Years after we purchased our house in Florida they started sending us a bill for rent on a propane tank on the land.  I asked the former owner. “Nope never had a bill, that was my tank”, he said.  In call after call from Amerigas my comment was simple. Show me one shred of evidence that this tank is yours and we’ll look at whether or not we owe you anything.  After the calls came the collection letters (good for starting fires in our wood fired hot tub).  The threat is “We’ll ruin your credit rating. Our response, “We are not ever concerned over the credit rating.”

Simply put, we are healthy financially and are immune to the economic dis-ease these companies try to create.

The workshop also explains the power of leverage using a bullwhip (more on this in another message). This gives the kids a deep impression.  Plus we look at foreign currencies that are worthless and play the inflation game using gravel as money (other lessons for other times).

In all, we have fun and helped the kids get dramatic views on how to earn money. This is such an honor to help our ever growing society unfold in a better way.

I urge you today to start giving your children and grandchildren lessons in how to eat right, exercise for longevity and the fundamentals of wealth.  Better still lead by example.

We live in a sick society and that means that average is sick!  Our kids are being blasted with imbalances from every other source yet we can make a difference.  And having this privilege to link our love, care and attention into the future should make Merri and me inspired!  Let this challenge inspire you as well.

Until next message I wish you and your families a wonderful future free of the disease created by big pharma, big agri, big business and big government.

Gary

(1) www.wsj.com Big banks paid mortgage related fines where did the money go

Another way to beat the big banks and credit system… always make a good income so you are not worried bout needed the clutches of their credit.

Seven P Secrets of Self Publishing

When you write, you can work anywhere. 

gary-scott-image

Here I am working poolside in the winter, at our Florida farm.

gary scott

Here I am with our hound Ma, working during the summer at our North Carolina farm.

Learn how to earn everywhere, while living anywhere you choose.  I have been able to earn by writing in Hong Kong, England, the Isle of Man, Dominican Republic and Ecuador to name a few of the place I have lived.  Everywhere I have been… too numerous to share here, I have been able to work.

All I need is my laptop.

That’s all you need too… a laptop to be free!

Before computers, a pencil and pad did the job.

Freedom is just one benefit you can gain from writing.

Another benefit is income.   Writing has brought me both our farms, free and clear… plus a lot more.

Another good example of earning potential is my friend Hugh Howey.   He was working for $10 an hour in a book store when he self published his novel Wool, typing in a storage room during his lunch breaks.

Soon he was earning over $100,000 a month on Amazon.com.  This helped secure a six-figure book deal from Simon & Schuster, and an option for film by Ridley Scott, director of Blade Runner and Alien.

That’s what he’s doing now.

Hugh Howey

Sometimes Hugh and I get together at my  farm and play chess (he beats me badly).

Writers like High are great inspirations.

A couple of years ago Hugh  left Florida, and moved to South Africa.  He had a sailing catamaran built for him and now can sail the world while he continues to write.

Hugh explained it like this: And that’s the miracle of working as a writer: I can do it from anywhere and everywhere. The past few years, I’ve done a lot of writing from airplanes and airports while on business trips abroad.  SAND was entirely written overseas while traveling through seven different countries; I think it’s a better story because of those inspirations.  In upcoming years, I may be writing near your home port.

Hugh’s a super star writer and his success could not happen to a more deserving and talented person.  He pours enormous energy into being worthy of his readership.  But you do not have to be a million dollar a year earner or a traveler to benefit from writing.

The good news is… you do not need a huge success to have a rich and fulfilled lifestyle.  Self Publishing can bring you a life that most people only dream of, as a journeyman writer, instead of a super star.

May I hastily add that the path to stardom begins as a journeyman… so the journeyman’s path brings success without stardom… but can also lead to stardom.

What most success stories like Hugh’s rarely explain is the many hours of writing that was devoted before their self published book sales soared.   Hugh, like most writers were journeymen first.  Stardom came later.

Here are sevens secrets that can help you become a journeyman writer. 

The secrets are a writer’s armory of tools that allows almost anyone to create successful publications for income, freedom and fulfillment.

Take Merri’s and my publishing business as an example.  

Merri and I are not writing stars.  We are journeymen who have for more than 40 years, year in and year out, earned solid income writing and self publishing dozens of publications about multiple subjects.

Some years that income has been more than solid… over a million dollars.  Yet in terms of stardom, we are hardly known.

In a moment you’ll see why that’s fine for us and probably will be for you too.

First some history.

Merri became involved in self publishing over 40 years ago… first helping a veterinarian publish a book on a very specific market… animal acupuncture. Then she showed a needle point artist how to sell more books to an even more specific audience… “needle point enthusiasts”  about her needle point work to an audience larger than the population of the city she lived in.  This led Merri to eventually become Executive Editor of an award winning magazine in Florida.

My story allowed Merri and me to work and live from Hong Kong to London to Europe to Eastern Europe, then the Caribbean and then Ecuador… making millions in the process of following our adventures… having fun… while helping a large readership adapt to a rapidly changing world.

That’s what self publishing can bring, profit, adventure and fulfillment, a great feeling of worth and wonder.

Self Publishing has created exactly the lifestyle we desire allowing us to span the world and work with meaning and purpose.

Self Publishing has become a new business art form. 

The seven secrets can help you start your own self publishing business now.

Everything in publishing is new and exciting and changing.  Publishing is being recreated by the wonderful power of destructive technology.

Everything is new… except the seven secrets. 

Change in the publishing industry is disturbing many.   We love this evolution due to these seven secrets we call the 7Ps.  The 7 Ps are so fundamental to writing and publishing that new technology enhances rather than reduces their power.

The First P is Passion.

Whatever your passion, you can immerse yourself in it AND create income with self publishing.  This can be your direct ticket to the kind of fulfillment you’ve always wanted.

Whether you want to travel the world or live as a recluse, work 12 hours a day or not work much at all,  you can set your schedule to succeed, if you’re willing to learn these seven secrets.

You can start part-time with any dream, passion, and budget.  Once you’ve created a product, you’ll enjoy the “multiple effect” of producing profits over and over again.

So the question is… What do you love to do?

What’s Your Passion:  An example is that thirty years ago, a client of Merri’s had a passion to help people who were in pain?  He published a series of pamphlets explaining various chiropractic disorders in very simple terms.  For example: “What Is Whiplash?”

The pamphlets contained solid information, but were simple 5″ x 7″ brochures with drawings and explanations. He sold them with a rack to chiropractors, who put them in their offices for patients to read.  These little self-published items sold year in and year out for decades.

There are thousands of ideas of this sort that can lead to big business.  It’s just a matter of defining and then acting on your passion.

Although I can work when I please and go where I wish, for me the most important reason for being a publisher is the satisfaction it brings. 

I love the projects I take on, so work doesn’t feel like, well… work.

What do you love?  If you love golf, then you can write and sell publications about golf.  Love travel, fishing, dogs, dolls, or art?  Write and sell publications in these fields.

Are you concerned about crime, war, poverty or environmental issues?  You can publish information products that help reduce these concerns.

Would you like to help the world be a more spiritual place?  Publish a newsletter, write a book (or hire someone to write it for you), record a tape… publish something that enlightens people.

Whatever your passion, you can immerse yourself in it and earn income by publishing for ereaders, print on demand, CDs, lists, bound books, or any format you choose.

Be immersed in your passion and get paid well for it. 

This is why stardom is not the main goal for most writers and self publishers.  Extra income, more freedom and fulfillment are usually more than enough enough.

The seven Ps are:

#1: Passion

#2: Problem

#3: Person

#4: Profitably Priced Product

#5: Prospecting Pathway

#6: Promise

#7: Presentation

The first time I exposed others to the secrets in Self Publishing was in a weekend “Writer’s Camp” seminar.  We offered the camp for $1,500. 80 delegates enrolled.  People from all walks of life attended—chiropractors, businessmen, investors, doctors, realtors, inventors, airline pilots, engineers, and housewives.

Merri and I were so overwhelmed by the response, we decided to make it available to a larger audience.  We created a written course based on our current self publishing activity called “Self Fulfilled – How to be a Self Publisher.”  Then we recorded the weekend “Writer’s Camp” seminar.

Thousands have used the course as it has evolved over the decades.

You can receive both the written course and the recorded weekend seminar, in an MP3 file, in a special “Live Well and Free Anywhere” program I am making available to you.  The normal fee is $299 for the written course and $299 for the recorded workshop.   I’ll send you both the course and the recorded workshop and my course “International Business Made EZ (also $299) all for $299.  You save $598.

We are so confident that you’ll gain from this offer that if you are not fully satisfied, simply email us within 60 days for a full refund .

These courses are not theoretical.  They describe, step-by-step, how Merri and I built a million-dollar international business and how we are running this self publishing business right now.   We use the 7Ps today just as we did four decades ago to create a strong annual income.

This correspondence course is for those who would like their own international self publishing micro business for fun and profit. If you want fun, freedom, extra income and fulfillment with your own full or part time writing or want to build your existing business, by writing to sell you can profit from this course.  The course can help who want their own business or who want to have a business together or a family business.  This is the perfect course for those who can no longer find employment, who are looking for ways to earn abroad and who wish to retire and supplement their income.

Whether you are retired, an investor, chiropractor, doctor, dentist, professional or already own your own business, this offers another way to make money, to turn your passion into profit. We guarantee that we have shared all we know to help you start and run your own international business.  Enjoy and live a life of following your Passion to Profit… through writing.

Here is a special offer. 

We provide two emailed courses  “Self Fulfilled – How to Write to Sell and be a Self Publisher” and “International Business Made EZ”.

We include the “Self Fulfilled Writing and Self Publishing Course” because there are two reasons to write, when you have something to say or when you have something to sell.  In this day and age many of us want to do both, make a statement that makes the world a better place and earn something extra in the process. 

Whatever your passion, however you do business, chances are you’ll be writing either to create a product or to sell a product. 

You save more than $598 because you also receive a recorded webinar conducted by our webmaster David Cross (at no extra cost).

David-cross-images tags:"2012-4-20"

David Cross

David has been our webmaster since our website began in the 1990s.  He is Merri’s and my business partner. We could not run our business as we do without him.

Learn the tactics we use in our web business that condenses 27 years of practical experience about search engine optimization, and writing for search engines.

For the last 27 years David has worked with companies large and small – IBM, Agora Publishing, AstraZeneca and many small business owners.  He has worked in 22 countries, and lived in six of them.

David’s clients span the globe and represent companies and charities both large and small.  From corporate giants to small, one-woman businesses and everything from finance, healthcare, publishing, technology, real estate, veterinarians, alternative health centers and everything in between.

David is an essential part of our web based business.

Myles Norin, CEO of Agora, Inc.  wrote:  “I have found David’s knowledge and experience unmatched in the industry.  Without David’s expertise and guidance for the past 7 years, we would not be nearly as successful as we are.”

As Senior Internet Consultant to Agora Inc. in Baltimore, MD, he worked closely with Agora’s publishers and marketers and – over a 7-year period – helped to propel Agora’s online revenues from around $20 million to well over $300 million.

David’s webinar will help you gain benefits in your micro business that large internet marketing companies use.  In this practical recorded workshop you will learn valuable skills to help your micro business.

There has never been a time when the opportunity for small businesses abroad has been so outstanding.  Expand your borders now!  Increase your economic security freedom, independence and success.

If you are not fully satisfied that this offers you enormous value simply email us for a full refund within 60 days.  You can keep all three courses as our thanks for giving our courses a try.

You also receive a report  “How to use Relaxed Concentration to Brainstorm Business Ideas” and a recorded workshop “How to Become and Remain Rich With Relaxed Concentration” at no additional cost.

Plus you get more in the program.

You receive regular writing and self publishing updates for a year.  Businesses usually need to evolve.  Merri and I continue to publish and have our independent businesses.  Some basics have remained for decades, but new strategies occur all the time throughout the year.  We’ll be sending along updates that share our most recent experiences as we learn and continue to grow our international micro business from Smalltown USA.

My special offer to you in this “Live Well and Free Anywhere Program”, is that you receive:

  • “International Business Made EZ” course
  • “Self Fulfilled – How to Write to Sell” course
  • Video Workshop by our webmaster David Cross,
  • The entire weekend “Writer’s Camp” in MP3,
  • MP3 Workshop “How to Gain Added Success With Relaxed Concentration”
  • Any updates to any of the courses, workshops, reports or recordings for a year.

We are so confident that you’ll gain from this offer that if you are not fully satisfied, simply email us within the first three months for a full refund . 

Order “Self Fulfilled – How to Publish to Sell” and a quarter of update lessons $79.   Click Here.

Order “Self Fulfilled – How to Publish to Sell” and a full year of update lessons $299.  Click Here.      

See success stories from Self Publishers and a few who have attended the “Writer’s Camp” that you will receive on MP3.