Lessons from Billionaires

Featured on  on Louis Howard Live

I found this blog and it was so powerful i wanted to share it with our audience

Lessons from Paul Carrick Brunson who is a  LInked-in Top Voice, Entrepreneur and TV Host. Enver and Oprah are two extraordinary people. And on top of that, they’re both billionaires. On the surface, they appear to be totally different people. They are in different industries, have different family structures, practice different religions, and speak different languages. However, once you get past their written biographies and dig deeper, you will notice they possess many of the same successful habits.

I had the opportunity to work with both Oprah and Enver for 6 years collectively and those were, hands down, the best professional experiences of my life. I worked my ass off for them and in doing so absorbed everything I could.

It’s my honor to share with you what I learned from them. Here is Part 1 of the 20 successful habits I learned working for two billionaires:

1) Invest in Yourself

This is a very simple concept, but something you would think someone who has “made it” would stop doing. Not at all for these two. I saw them both spend a significant amount of time dedicating their resources to self-development  (whether it be a new language, exercise, social media classes, etc). The moment you stop investing in yourself is the moment you have written off future dividends in life.

2) Be Curious…About Everything

What the average person sees as mundane or overly complicated is not viewed the same way with a billionaire mindset. I once had a 30 minute conversation with Enver about the height of the curbs in Washington DC versus Istanbul, Turkey.  Billionaires are incredibly curious; what the rest of the world thinks is a problem and complains about — that’s what these people go and work on.

3) Surround Yourself With “Better” People

I hope this is why they kept me around :-). Seriously, I never knew my bosses to keep anyone less-than-stellar in their inner circle. There were many times I thought to myself, “Damn, they have dream-teams built around them.” Jim Rohn had it right, “You are the average of the 5 people you spend the most time with.”

4) Never Eat Alone

The last time I had dinner with Enver, as well as the last time I ate dinner with Oprah, there were easily 15 people at our tables, respectively. Coincidence? While most of us derive our key information from blogs or the newspaper, power players get their information from the source (other power players), directly. However, just because you can’t call up the Obamas and break bread with them doesn’t mean eating with others in your circle doesn’t carry value. In one of my favorite reads of the last few years called Never Eat Alone author Keith Ferrazzi breaks down how you can identify “information brokers” to dine with you.  I’ve seen first hand how enormous the benefits are of this strategy.

5) Take Responsibility For Your Losses

I was working for Oprah during the time she was taking heat from the media about poor network ratings. I was also working for Enver during the closing of one of his prized divisions. What I witnessed them both do in response was powerful. Opposed to covering the losses up with fancy PR tactics, both stepped to the stage and said in essence “I own it and I’m going to fix it” and dropped the mic. Guess what?  They sure did fix things (It’s widely noted Oprah’s network is realizing ratings gold and Enver’s assets have probably doubled since the division closing).

6) Understand The Power Of “Leverage”

This is something that was quite a shock to me. From afar, a billionaire appears to be someone who is a master at everything. But, in truth, they’re specialists in one or a few areas and average or subpar at everything else. So, how do they get so much done? Leverage! They do what they do best and get others to do the rest . Here’s a great article on leverage. Keep in mind I see this done with wealthy people and their money all of the time – they use OPM (other people’s money) for most or all of their projects.

7) Take No Days Off (Completely)

I recall going on vacation with Enver several times, yachting up and down the southwestern coast of Turkey (also known as the blue voyage). Sounds ballerific, right? No doubt we had a great time, but mixed in with all that swimming and backgammon was discussion of business, discussion of strategy, planning and plotting. The best way I can describe this habit is thinking about your business or your idea like your literal baby. No matter your distance, you don’t stop thinking of him/her (and after just having a second son, I can attest to this).

8) Focus On Experiences vs. Material Possessions

When you have money, your toys are big. However, the vast majority of money I saw spent on their “leisure” was on actual experiences versus the typical car, jewelry, and clothes we’re familiar with seeing in music videos and gossip blogs. I recall one time at dinner with Oprah, I spotted a table of about 20 girls off to the side. I later found out Ms. Winfrey was treating some of her graduating girls from her school in South Africa to dinner in NYC. Experiences create memories, and memories are priceless.

9) Take Enormous Risks

This is another one of those successful habits every entrepreneur can attest to. A matter of fact, Entreprenuer.com created a great infographic outlining commonalities of the world’s billionaires and one of the most prominent was this characteristic: billionaires are not adverse to risk. What intrigues me even more about Enver and Oprah was that even at their high financial status and success level, they still possessed a willingness to risk their most precious asset (their name and legacy) on new and bolder projects. If you’re not taking risks, you’re not making moves!

10) Don’t Go At It Alone

Nothing great in life is achieved alone. Especially in business, success isn’t a solo act. This character trait is akin to “surrounding yourself with better people.” It takes teamwork to make the dream work.

What I witnessed from working for Enver and Oprah were characteristics and successful habits that not only apply to business “wins,” but also translate to general life success. I sincerely hope the tips I’ve shared here will inspire you to create (or maintain) great habits for your success. If you’re ready to learn more now and want to get my take on how successful business people build personal brands and an audience, read this! Otherwise, if you want to read Part 2 of what I learned working for 2 billionaires, here it is!

Live to next to Ferris Bueller for 34 mil

You can be the neighbor to Bueller according to Page Six story

Another big mansion sale is heading for “New York’s hottest block.”

A townhouse right next to Sarah Jessica Parker and Matthew Broderick’s double mansion has gone on the market for $34.5 million. The 8,000-square-foot property, known as the Harriot Mansion, at 271 W. 11th St., features seven bedrooms and seven bathrooms, high ceilings and one of the deepest gardens in the neighborhood. The townhouse is being sold by Alicia CastroLeal Harper, whose father, Antonio Castro Leal, was a prominent diplomat and ambassador to France. Her husband, Alan Harper, a CBS producer, had purchased the home more than 40 years ago, but he passed away in 1991.

Listing broker Jenny Lenz couldn’t be reached for comment. The two attached townhouses right next door, which SJP and Broderick reportedly paid $35 million for both in 2016, are in the process of being combined into a 13,900-square-foot megamansion. On the other side is Sprint CEO Marcelo Claure, who recently bought his townhouse for $28 million.

Seattle’s Most Expensive Manse

Sam Hill only spent a portion of his life in Seattle, but the businessman and philanthropist made his mark on the burgeoning region in the early decades of the 20th century. His notable projects include the Maryhill Museum of Art and Maryhill Stonehenge, but the most iconic building he left behind within the Seattle limits is the neoclassical mansion at 814 E Highland Drive, designed by architecture firm Hornblower & Marshall around 1908.

Hill used the mansion to entertain many international dignitaries during his lifetime, although he originally built the place for his friend Crown Prince Albert of Belgium to visit. (The Crown Prince never made the trip, though.)

The Seattle Times wrote of the estate back in 1932 when it originally went up for sale. They speak of the place with the kind of purple prose you don’t quite find in the papers anymore.

That indefinable air of remoteness, intrigue and melancholy which caused the old mansion to stand out on its lonely street as if plucked from the heart of a horror tale, is slowly but effectively being dispelled.

They describe a residence that includes a secret passageway from the master suite and walls covered in “transparent colored photographs of Northwest land and sea-scapes.”

Many of the original features are gone, thanks to various renovations that occurred over the years, including one that converted it into a duplex sometime after 1937. But the concrete exterior looks very much the same from the outside.

It last hit the market in 2008 for $4,750,000, but was eventually delisted.

In the meantime, the property got a remodel. Last July, the property is popped up for a whopping $15 million, and it’s stayed there ever since. It’s the most expensive Seattle listing by $1.2 million.

814 E Highland Dr, Seattle, WA , 98102

The reason for the jump from under $5 million to eight figures? A massive renovation. We’d call it a studs-out remodel, but there are literally no studs in this concrete block of a home.

814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102

With the help of Stuart Silk Architects, interior design from Garret Cord Werner Architects and Interior Designers and landscape design by Richard Hartledge, the new version is a blend of old and new that tries not to let one overwhelm the other.

814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102

In the dining room, original steel beams that run the length of the home have been exposed to juxtapose the elegant modern redesign. In the master suite, the original floors and fireplace remain. Outside, gas-lit lamps build an ambiance similar to what it might have been like back when Hill himself roamed the grounds.

814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102
814 E Highland Dr, Seattle, WA , 98102

One of the most curious-looking spaces in the home has to be the gym. That’s because it was originally the horse stable. You can still see where the big stable doors once stood and the tall openings in the wall where the horses looked out from. These days it’s not only a gym but a spa room with a steam shower and sauna.

814 E Highland Dr, Seattle, WA , 98102

Also worth nothing: The home comes with the oldest working sundial in Seattle, which happens to be located on the property.

Initially, the home’s spot on the National Register of Historic Places kept its taxes practically nonexistent. But after the home made the news last year, the King County Assessor took a closer look and sent a $50,000 tax bill.

Still, at .3 percent of the home’s value, that seems like a steal for whoever can afford to buy the home in the first place.

US Job Growth Shines In June

US job growth surged more than expected in June and employers increased hours for workers, signs of labor market strength that could keep the Federal Reserve on course for a third interest rate increase this year despite benign inflation.

Non-farm payrolls jumped by 222,000 jobs last month, the Labor Department said Friday, beating economists’ expectations for a 179,000 gain.

Data for April and May was revised to show 47,000 more jobs created than previously reported.

While the unemployment rate rose to 4.4 percent from a 16-year low of 4.3 percent, that was because more people were looking for work, a sign of confidence in the labor market. The jobless rate has dropped four-tenths of a percentage point this year and is near the most recent Fed median forecast for 2017.

The average workweek increased to 34.5 hours from 34.4 hours in May. Labor market buoyancy could also encourage the US central bank to announce plans to start reducing its $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities in September.

The Fed raised its benchmark overnight interest rate in June for the second time this year. But with inflation retreating further below the central bank’s 2 percent target in May, economists expect another rate hike only in December.

June’s employment gains exceeded the 186,000 monthly average for 2016, reinforcing views that the economy regained speed in the second quarter after a sluggish performance at the start of the year.

But the pace of job growth is expected to slow as the labor market hits full employment. There is growing anecdotal evidence of companies struggling to find qualified workers.

As a result, companies are gradually raising wages in an effort to attract and retain their employees. Economists expect worker shortages to boost wage growth, which has remained stubbornly sluggish despite the tightening labor market.

Average hourly earnings increased 4 cents, or 0.2 percent, in June after gaining 0.1 percent in May. That lifted the year-on-year increase in wages to 2.5 percent from 2.4 percent in May.

President Trump, who inherited a strong job market from the Obama administration, has pledged to sharply boost economic growth and further strengthen the labor market by slashing taxes and cutting regulation.

But Republicans have struggled with health care legislation and there are also worries that political scandals could derail the Trump administration’s economic agenda.

The economy needs to create 75,000 to 100,000 jobs per month to keep up with growth in the working-age population.

But there is still some labor market slack. A broad measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment, rose to 8.6 percent last month from 8.4 percent in May, which was the lowest since November 2007.

The labor force participation rate, or the share of working-age Americans who are employed or at least looking for a job, rose one-tenth of a percentage point to 62.8 percent.

Employment gains were broad in June, with manufacturing payrolls increasing 1,000 after factories shed 2,000 jobs in May. But the automobile sector lost a further 1,300 jobs as slowing sales and bloated inventories force manufacturers to cut back on production.

Do You Have Resting Rich Face

Apparently we can look at your face and determine if you are making a good living according to a recent story in New York Post. see below

Does your household earn a comfortable living? If so, you may have resting rich face.

A new study from the University of Toronto, published in the Journal of Personality and Social Psychology, found that people’s faces may reveal whether they’re rich or poor.

The study’s authors grouped subjects ages 18 to 22 into two groups — those with total family incomes under $60,000, and those with incomes above $100,000 — and had them pose for pictures without expressing any emotion. A separate group of subjects then looked at the photographed faces and determined whether they were poor or rich. They were able to guess correctly with roughly 53% accuracy, which is above random chance.

“Over time, your face comes to permanently reflect and reveal your experiences,” says study co-author Nicholas Rule. “Even when we think we’re not expressing something, relics of those emotions are still there.”

The results, which authors say were not affected by race or gender, were hard for the subjects to explain. “People are not really aware of what cues they are using when they make these judgments,” says study co-author Thora Bjornsdottir. “If you ask them why, they don’t know. They are not aware of how they are doing this.”

Of course, there are variables that this small study couldn’t account for: family incomes can change over the course of a subject’s childhood, and average income differs greatly from place to place. But study authors say that the results may provide more clues into poverty cycles and social classes.

Home Builders, Home Sellers Suddenly Shy

There is a new conversation going about hottest market in the US for housing. Sees reservations are kicking to sellers and developers. See full story realtor.com

By Jeffry Bartash | Jun 19, 2017

Steadily rising construction of new homes has given a jolt of adrenaline to the economy in the past several years, but a building slowdown raises questions about whether a key driver of U.S. growth has fallen into a ditch.

Sidetracked, perhaps. But certainly not down in the dumps.

The recent slide in construction is probably due to temporary headwinds that will soon ease. Home builders got a head start in 2017, for instance, because of an unusually warm winter that allowed them to do more work earlier in the year. Hence they don’t need to do as much in the spring.

Related Articles

Not all is fine and dandy, though.

Builders say it’s tougher now than it’s been in years to find skilled carpenters, electricians and other workers critical in the effort to put up new homes. That’s might also help explain the slowdown.

“Builders continue to express their frustration over an ongoing shortage of skilled labor and buildable lots that is impeding stronger growth in the single-family sector,” said Robert Dietz, chief economist of the National Association of Home Builders.

The higher cost lumber and other raw materials is another headache for builders.

For the most part, though, the wind is mostly at the back of builders. The economy is entering its ninth year of expansion. Unemployment is at a 16-year low. Wages are rising. Household wealth has recovered. Mortgages are more accessible. And millions of Americans who could not afford a home five years ago are now able to dream of owning one.

A pair of reports this week might tamp down unease about the health of the housing market.

Sales of previously owned homes are expected to remain near a 10-year high, although they might taper off in May.

The biggest problem: Not enough people actually want to sell their homes even with demand near the highest level in years.

It’s not just home owners who don’t want to sell. Investors who bought homes on the cheap during the Great Recession and immediate aftermath might be waiting for prices to rise higher still before they sell, the National Association of Realtors contends.

“The lack of inventory of homes for sale is one of the most pressing challenges in the housing market today,” said Mark Fleming, chief economist at First American.

The lack of homes for sale is also largely behind a surge in rents and home prices in the past few years that only recently has tapered off. Prices are unlikely to fall much further, though, unless builders ramp up construction.

Sales of newly built homes in May won’t offer much proof of that. While they are forecast to rebound from a small dip in April and hover near a nine-year peak, sales can only rise as fast as builders complete new homes.

Related topics: constructionhome buildershome buildingMarketWatch

Real estate Tech files To Go Public

Redfin files for IPO in search of new home on Nasdaq

Image Credit: Redfin

Harness AI or die. See how Airbnb, Coca Cola, IBM, eBay, Kayak, Pandora, and the NYT are using AI to increase ROI at MB 2017. Tickets here!


Redfin, an online brokerage for the residential real estate market, filed to go public late Friday. Redfin plans to list its shares on Nasdaq under the ticker RDFN. Redfin’s filing said it plans to raise $100 million, although this figure is often included as a placeholder ahead of a roadshow.

advertisement

The company’s online agents use its technology to offer commissions it says are well below traditional brokerages. In a letter to shareholders included in the prospectus, Redfin described itself as “rabid squirrels on a mission to make real estate better, and to treat everyone we work with along the way respectfully.”

The Seattle-based company said its revenue grew 44 percent year over year to $59.9 million in the first quarter of 2017 and posted a net loss of $28 million, against a net loss of $24.4 million in the year ago period. Last year, the company saw revenue grow by 43 percent to $267 million and its net loss decrease to $22.5 million from $30.2 million in 2015.

The company said its cash flow last quarter was a negative $22 million and that it had $38 million in cash on hand as of March 31.

The prospectus included a disclosure that the company began testing last quarter an “experimental” service called Redfin Now, in which Redfin buys homes directly from sellers and resells them to buyers. “Customers who sell through Redfin Now will typically get less money for their home than they would listing their home with a real estate agent, but get that money faster with less risk and fuss,” the filing said.

Redfin says it has no specific plans for the IPO proceeds, but plans to keep the money in short-term investments for use in general corporate purposes, including technology and marketing. Goldman Sachs and Allen & Co. are listed as lead underwriters of the offering.

Seattle Population Exceeds 700,000 For First Time, According To US Census

if you want to know why the waits are longer and traffic is worse then according to a recent Patch report We are 3/4 of million people now. See full story

Seattle and other Puget Sound cities have hit major population milestones, according to data released Thursday by the U.S. Census Bureau.


Seattle Population Exceeds 700,000 For First Time, According To US Census

SEATTLE, WA – Seattle crossed a major milestone last year: for the first time ever, the city’s population exceeded 700,000. According to data released by the U.S. Census Bureau Thursday, Seattle now has approximately 704,000 residents. In the year ending July 1, 2016, Seattle added more than 20,000 residents, which is the fastest rate of growth in the U.S.

Overall, Seattle was No. 5 on a list of the largest 15 cities for total population added between July 1 2015 and July 1 2016. Seattle still remains the 18th largest city in the U.S., behind Charlotte, N.C., and its 842,000 residents.

What’s amazing about the 700,000 number is how quickly it happened.

Seattle only crossed the 600,000 population threshold around 2010. In the 2000 census, the population of Seattle was measured at about 560,000. Between 1980 and 2000 – a span of 20 years – Seattle added about 173,000 residents.

In other words, it took Seattle just six years to add about half the number of residents that the city added between 1980 and 2010. Seattle now has more residents than Detroit (713,000), which once had a population close to 2 million at its peak in the 1950s.

Seattle wasn’t the only Puget Sound city that grew. Renton surpassed 100,000 residents for the first time ever, and Eastside cities like Bellevue and Issaquah experienced tremendous growth. Here’s a look at how other cities around the region grew between 2015 and 2016:

City 2015 Estimate 2016 Estimate Increase
Bellevue 134,630 141,400 5%
Renton 97,234 100,953 3.8%
Tacoma 203,481 211,277 3.8%
Everett 105,685 109,043 3.1%
Shoreline 54,774 55,333 1%
Puyallup 38,720 40,640 4.9%
Lakewood 59,122 60,665 2.6%
Issaquah 33,682 37,322 10.8%

Image Patch.com file photo

Former VP Training Local Leaders

Former Vice President Al Gore and Climate Reality group train 800 leaders

More than 11 years ago, “An Inconvenient Truth” debuted, featuring a slide show former Vice President Al Gore put together detailing the dangers the world faced from climate change.

Glacial melt, increased extreme weather events and widespread drought were just a few of the effects of an increasing global temperature assisted by man-made pollutants.

On Tuesday, Gore came to Bellevue and presented his followup presentation to more than 800 climate change leaders at the “Climate Reality” training in Downtown’s Meydenbauer Center.

“We need to ask ourselves three questions: One, do we need to change? Two, can we change? Three, will we change?” Gore asked. “The answer to all three questions is yes, for the record.”

The Climate Reality Project was founded by Gore in 2011, and seeks to train leaders who can take information and advocacy back to their communities all over the world. Bellevue hosted the 35th Leadership Corps training for Climate Reality June 27-29. Much of Gore’s topics focused on major issues in the state of Washington.

After a prayer from the great-great-great-great-grandson of Chief Seattle, Ken Workman, several speakers reinforced the importance of their cause.

“We want you to go out and speak knowledgeably about climate change and organize around climate change,” said Ken Berlin, president and CEO of Climate Reality. “We have to minimize damage from this administration. We can’t afford to have a four-year gap in our efforts.”

Much like in his slide show in an “Inconvenient Truth,” the former vice president pointed to piles of scientific studies to back his and the vast majority of the scientific community’s arguments about anthropogenic climate change, citing the increasing frequency of extreme weather events and the scarcity and humanitarian issues they are poised to cause as good catalysts to enact change.

If the human race continues its current output of adding 110 million tons per day of carbon into the atmosphere, mid-range projections have the planet’s average temperature rising by 5.8 percent by 2050.

Gore pointed to massive flooding in Carnation, Stanwood and the tragic Oso landslide as “freak” events happening more and more often as the

Powered by WordPress.com.

Up ↑