Monday, August 31, 2009

ETR: Retire Happily Next Year!

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August 31, 2009 - Issue #2757  

Is Air Rage Justified?

Dear ETR Reader --

Congress is looking at laws that will let travelers de-board delayed flights after they've been locked in the cabins like cows. Big deal.

What a scam the airline industry is! They lie to their customers about what they will get, cheat them on prices, break benefits contracts when it suits their fancy, treat them like scum when they want to, and tell them to screw off when they ask for refunds.

This is not true of all airlines. Asian airlines are wonderful. And Virgin Air isn't bad. But U.S. airlines are generally miserable. The only halfway decent one was New York Air.

But that's one frequent flyer's opinion. Let me hear yours. AskETR@ETRFeedback.com.

In today's issue:

  • Wealthy: The Wonder Twins of Europe
  • Healthy: Is George Foreman Trying to Kill You?
  • Wise: Just How Much Golf Can You Play?

* * *

Before we get to your wealth, health, and happiness, a word about our new format: As you have no doubt noticed, we are changing things up a bit. And some of you like the changes and some of you don't.

We continue to read every note you send us and make adjustments as we go. We are also doing split tests to determine whether certain changes result in greater or less reader response.

Our goal is a newsletter format that is easy to read and yet delivers a higher level of quality advice. This process will take another week or so to complete, but you can expect to be 100 percent satisfied when we are finished. This we promise you.

MaryEllen Just Met the Man of Your Dreams - He's got dark hair, piercing eyes, and he brings in sales of $5 million in sales per month. He's gone "beyond Google" with a homegrown strategy for powerhouse marketing that 99.9% of Internet marketers out there have never even seen before…Read more...

France and Germany Have Been Saved! Hallelujah!

A recession is defined as two straight quarters of negative economic growth.

By that measure France and Germany are out of recession! Each had GDP growth of 0.3 percent in the second quarter. Good news, right?

Some say government action deserves the credit. The "cash for clunkers" in both countries have been successful in stimulating demand for autos. But just as in the U.S., the government is simply shifting future demand to the present. In the process of course, legions of potential car buyers have been taken out of the market for years to come. Germany won't extend its program to 2010, so new car sales will fall. France is expected to extend their program for fear its end could curtail growth.

What growth? It's a government version of payday loans. As the ads for these services exclaim "Why wait for payday? Get cash today!" we all know how these programs work out long-term for the borrower. Guess who the borrower is in government stimulus programs? Go to the head of the class if you answered "the taxpayer."

As Investor's Daily Edge Investment Director Bob Irish notes, government programs don't create wealth. They simply redistribute it, says Bob.

Bailouts and stimulus programs simply transfer wealth from the public sector to the private. The debt and inflated currency is passed on to future generations. All this in return for "prosperity" today. The trade off, says Bob, is dishonest at best and immoral at worst.

Fire Your Cell Phone Company - A recent study has found that Americans pay, on average, $500 more per year on cell phone service than most Europeans. We pay more - and deal with old technology and shoddy service. But with Ka-Ching editor Matthew Adams' help you could save as much as $1,500 a year by switching providers - no signing up for a new plan, no contracts, and no extra fees. Read more...

Why "Well Done" Could Kill You

If you like your steak well done or charred on the outside, you may be risking cancer.

A study published in the Journal of Agricultural and Food Chemistry shows that grilling meats at high temperatures forms compounds called heterocyclic amines (HCAs). These byproducts are highly carcinogenic and have been associated with colon, breast and pancreatic cancer.

ETR contributor, Kelley Herring, has covered this in detail in her health transformation program, Your Plate, Your Fate. She tells me that the amount of these cancer-causing compounds can triple when you cook something well done. Eating beef rare or medium rare is much healthier. That makes sense to me. I like it that way.

And here's another bit of advice that is music to my ears. She also says the study showed that using red wine as a marinade can reduce the formation of HCAs by 88 percent!

So enjoy your wine-marinated, grass-fed steak rare… and have it with a glass of Bordeaux. Red wine is packed with cancer-fighting antioxidants.

Break the "Rules" of Selling - No, Throw Them Out - No pitching, no schmoozing, no selling, and even no customers. With the Magic Words business model you don't need any of that to make an "extra" full time salary by going about your normal day. Read more...

"Keep those helpful business hints coming."

I love reading ETR's daily newsletter. I own a small building contracting firm here in Central Virginia, and it's always refreshing to keep up with the articles you guys put out.

"Keep those helpful business hints coming. Some of us are very appreciative of what you're doing"

Carlos
Glen Allen, VA

***

Retire Happily Next Year!
By Michael Masterson

Close your eyes. No, don't do that. You won't be able to read this.

Let's start over. Picture yourself enjoying your ideal retirement. What are you imagining?

  • Perhaps you're standing knee-deep in a Montana river, fishing for trout.
  • Or strolling through the cobbled streets of Prague, browsing art galleries.
  • Or reading Faulkner on the back porch, listening to the sounds of your grandchildren playing in the yard.

How does that feel?

Pretty good, huh? But chances are your actual retirement will be quite different. For one thing, you may not be able to afford to travel in Prague. It may be Orlando instead. And those kids playing in your yard? They will likely to be your great-grandchildren. Why? Because you're probably going to retire a lot later than you think. Read on…

***

Today's Words That Work: Flaneur

A flaneur (flah-NUR) -- from the French for "lounger/saunterer" -- is an aimless idler.

Example (as used by The Atlantic in a review of The Idler's Glossary by Joshua Glenn and Mark Kingwell): "This delightful chapbook proffers a puckish twofer: a whimsically learned defense of indolence and flaneurship ... and an engagingly etymological lexicon of loafing, past and present."

***

We want your feedback! Let us know your thoughts on today's issue. Email us at: AskETR@ETRFeedback.com

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