The Profit Prophet

As a rule, I have been applying the rules of Adam Grant's great book " Give and Take " to the people I meet for some time now. I have intrinsically known about the three types of people he talks about (givers, takers and matches) in his book for some time, as I have stayed away from takers and matchers (people who do you a favor it you do them a favor) for the last 10 years. What I did not know is that givers are both the most successful and least successful people on the spectrum. The difference between the two types is givers is: one type only gives to other givers, or is a strategic giver. The other type, ends up giving to takes and matches and usually gets burned out due in part that you can never fill up either party with giving. I highly recommend anyone who wants to be successful in life to read the book.  Of course my advice to anyone is to stay away from the takers and matchers.  The are usually drama obsessed and only will suck the life force out of y...

Remember, not only did you contribute to Social Security but your employer did too. It totaled 15% of your income before taxes. If you averaged only $30K over your working life, that's close to $220,500. If you calculate the future value of $4,500 per year (yours & your employer's contribution) at a simple 5% (less than what the govt. pays on the money that it borrows), after 49 years of working you'd have $892,919.98. If you took out only 3% per year, you'd receive $26,787.60 per year and it would last better than 30 years (until you're 95 if you retire at age 65) and that's with no interest paid on that final amount on deposit! If you bought an annuity and it paid 4% per year, you'd have a lifetime income of $2,976.40 per month. The folks in Washington have pulled off a bigger Ponzi scheme than Bernie Madhoff ever had. Entitlement my butt, I paid cash for my social security insurance!!!! Just because they borrowed the money, does...

Insanity has many meanings but the one I like is about doing the same thing over and over again while expecting different results! The perfect example of this would be giving the government, any government, the authority to run some enterprise, any enterprise, and expecting it to be run well, efficiently, within budget and to produce a work product half as good as a company in the private sector could. It has never happened, it's not happening now and to expect it happen at any point in the future can be summed up in one word, Insanity! Now on to the short story: NIGHT WATCHMAN Once upon a time the government had a vast scrap yard in the middle of a desert. 

 Congress said, "Someone may steal from it at night.” So they created a night watchman position and hired a person for the job. Then Congress said, "How does the watchman do his job without instruction?” So they created a planning department and hired two people, one person to write the in...

If each person contacts a minimum of twenty people then it will only take three days for most people (in the U.S.) to receive the message. Maybe it is time….. Let us do it!!! Warren Buffett, in a recent  interview with CNBC, offers one of the best quotes about the debt ceiling: "I could end the deficit in 5 minutes," he told CNBC. "You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.  The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months & 8 days to be ratified! Why? Simple! The people demanded it. That was in 1971...before computers, e-mail, cell phones, etc.  Of the 27 amendments to the Constitution, seven (7) took 1 year or less to become the law of the land...all because of public pressure. Warren Buffet is asking each addressee to forward this email to a minimum of twenty people on their address...

When a company falls on difficult times, one of the things that seems to happen is they reduce their staff and workers. The remaining workers must find ways to continue to do a good job or risk that their job would be eliminated as well. Wall Street and the media normally congratulate the CEO for making this type of "tough decision," and his board of directors gives him a big bonus. Our government should not be immune from similar risks. Therefore: Reduce the House of Representatives from the current 435 members to 218 members. Reduce Senate members from 100 to 50 (one per State).   Then, reduce their staff by 25%. Accomplish this over the next 8 years`(two steps/two elections) and of course this would require some redistricting.   Some Yearly Monetary Gains Include: · $44,108,400 for elimination of base pay for congress. (267 members X $165,200 pay/member/ yr.) · $97,175,000 for elimination of their staff. (estimate $1.3 Million in staff per each member of the House, a...