Wednesday, November 18, 2009

ETR: Irrational and Rational Faith

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Issue No. 2814 - $1.00

Wednesday, November 18, 2009

What You Don't Need to Succeed
By Michael Masterson

I'm always talking about the attributes of successful people:

  • They set goals.
  • They are action-oriented.
  • They are willing to outwork the competition.
  • They are eager to learn.
  • They are persistent.

Today, for a change, let's talk about what you don't need to succeed.

  • You don't have to be smart.
  • You don't have to be good-looking.
  • You don't have to be thin.
  • You don't have to be nice.
  • You don't have to be right -- all the time.
  • You don't have to be even-tempered.

I'm not saying you shouldn't be kind, sympathetic, and patient. You should try to be all of those things, because those qualities will make you a better and happier person.

But in remaking your personality into that of an automatic wealth builder, focus on enthusiasm, diligence, and determination. Set goals. And take action.

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Success Comes in All Shapes and Sizes - Success coach Bob Cox helps people get what they want out of life -- to make more money, build loving relationships, or turn long-held dreams into reality.

He agrees with Michael Masterson. You don't need to be smart or nice or good-looking to succeed. But he does insist on a willingness to follow one simple rule:

"They must be open-minded enough to simply look at my program," he says. "When they see how it works and read about the success I've had with my clients, they will be motivated to jump in with both feet."

Find out more about Bob's unique approach to success and how his clients have achieved so much so quickly here...


"Faith indeed tells what the senses do not tell, but not the contrary of what they see. It is above them and not contrary to them."

Blaise Pascal

Irrational and Rational Faith
By Robert Ringer

In Erich Fromm's 1956 classic, The Art of Loving, he provides unique insights into the subject of faith.

Fromm did not believe faith is in opposition to reason or rational thinking. On the contrary, he simply made a distinction between rational faith and irrational faith. He believed that irrational faith is based on submission to irrational authority. But rational faith is based on one's own convictions.

Rational faith, then, is an important component of rational thinking. In fact, Fromm believed that creative thinking begins with a "rational vision," a vision that results from study, reflective thinking, and observation.

In other words, rational faith is rooted in one's own experiences and judgments. Irrational faith, on the other hand, is the acceptance of something as true only because an authority or the majority say it is.

The rational believer must have faith in his core being. He must have trust in himself. He must know that the person he really is will not change with changing circumstances. If we lose faith in who we are, we become dependent on others and change in ways to gain their approval. Not a good thing.

There is no rational faith in domination -- either for the dominator or the dominated. To be sure, power is a panoptic objective for politicians and many religious leaders. But, to their dismay, it is the most unstable of all achievements.

Fromm pointed out that because having faith and having power over others are mutually exclusive objectives, all religious and political systems originally built on rational faith become corrupt and lose their strength. It would be difficult to argue that history has not supported his viewpoint. And over the next several years, this will become clear to all but the most brainwashed American sheeple.

What Fromm did not address head on, however, is faith in a higher power. Is it rational or irrational faith to believe in God? The atheist would say it is irrational. The believer would come down on the side of rational.

But the believer could just as easily say that the atheist's viewpoint is based on irrational faith -- faith, perhaps, that the universe somehow created itself.

In truth, both an atheist and a believer in a higher power can have rational faith in their beliefs, so long as those beliefs are based on study, reflective thinking, and observation. As I've said so often, I agree with Viktor Frankl's view that there is probably not much difference between a so-called atheist and an individual who believes in God. It's more a matter of semantics than zealous people on both sides might believe.

So, whether it's faith in yourself, faith in your spouse, faith in a friend, faith in your future, or faith in a higher power, don't let anyone tell you that faith is not an integral part of the human experience. Make thatrational faith. And you will do your children a great service by making sure they understand and believe in rational faith from a very young age.

[Ed. Note: To learn how to survive and prosper during the turbulent years ahead, check out Robert Ringer's powerful audio series Succeeding in a World of Chaos. And be sure to sign up for a FREE subscription to his one-of-a-kind e-letter A Voice of Sanity in an Insane World.]

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Most Internet marketing programs promise you millions. But they deliver only manuals filled with complicated instructions. Many advocate strategies that most people can't possibly follow.

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The Next Black Monday?

By Andrew Gordon
Senior Investment Director, Investor's Daily Edge

On Black Monday, in October 1987, the market plunged over 500 points. It happened because the big trading companies weren't able to shut down their computerized trading programs. And it could happen again. But thanks to much more powerful computers, it would be far worse.

These powerful computers allow the giant brokerages to process trades in a fraction of a second. It's called "High Frequency Trading." And it's responsible for about 70 percent of the action on Wall Street.

That stinks. It means that those big brokerages see the market before you do. And that allows them to get better gains than the average investor acting alone. (Studies show individual investors do much worse, over the long run, than institutional traders.)

It's not right.

There is a way to correct this imbalance. IDE's Steve McDonald, Editor of The Bond Trader, offers the following advice:

1. Avoid the hot stock or trend of the week. With High Frequency Trading, it can turn against you in a nano-second.

2. Avoid day-trading as much as possible. With so many trades now occurring behind your back, it has become dangerous to play the price movement guessing game.

3. Stick with the investing strategy the entire IDE staff has been advocating since day one: a long-term time horizon, high-quality dividend stocks, and quality bonds at a discount. (For specific recommendations, start reading our flagship newsletter, Sound Profits.)

The Big Fat Lie About Fat
By Michael Masterson

Think you're being good when you buy low-fat products? Do you marvel that such healthy items taste so good?

There's a reason for that, says Total Health Breakthroughs' Managing Editor Jon Herring. "The fat has been replaced with sugar and refined carbohydrates. And those are more dangerous to your health."

The mania for low-fat foods has led to a host of health problems, some inconvenient and some downright deadly. These problems are becoming more common as more people jump on the low-fat bandwagon, Jon says. "And to make matters worse, the federal government and much of the medical establishment are advocating a low-fat diet!"

Among the problems caused:

  • An explosion of obesity
  • An increase in adult-onset diabetes
  • Increased hypertension
  • More heart disease

"Fats are a healthy and integral part of the healthful diet," Jon says. "But you need to know what kinds of fats to eat and in what quantities."

Check out Jon's latest THB Undercover for all the details.

What Matters When Delegating
By Michael Masterson

When delegating tasks to your team, it's important to be clear about the goal you want to achieve.

Many managers are specific about the steps to take but vague on intent. This is a mistake.

Just because you've achieved good results by following a certain procedure, don't assume that everybody who works for you must approach projects your way.

It's much more effective to make sure they understand the ultimate purpose of the job you're asking them to do, and the time and money limits attached to it. You can explain what's worked for you. But then get out of their way and let them get the job done without your constant interference.

Do you have trouble with this advice? It may be because you have trouble with delegating itself. If so, you will accomplish much less in your career than you could if you learned the value of letting your people develop their own methods.


Latest News

  • We're getting very close to opening the Internet Money Club, Class of 2010. When we do, the announcement will be sent to ETR's entire file of 450,000 people. Don't lose this chance to get step-by-step coaching. Let Brian Edmondson help you build your own profitable Internet business. Sign up to get head-of-the-line privileges here. There's no cost or obligation.


"Tattooed on everyone's head."

"This quote from Michael's article should be tattooed on everyone's head and taught from preschool on: 'If it's going to be worth less after you buy it, or if you'll have forgotten all about it by this time next year, pay cash.

That includes stereos, vacations, dinners out, clothes... you get the idea. Use credit only for things that are going to appreciate in value -- such things as houses, investments, or an income-producing side business.'"

Jon S.

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Today's Words That Work: Panoptic

Panoptic (pan-OP-tik) -- from the Greek for "fully visible" -- is another way of saying comprehensive or all-encompassing.

Example (as used by Robert Ringer today): "To be sure, power is a panoptic objective for politicians and many religious leaders. But, to their dismay, it is the most unstable of all achievements."


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