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Friday, April 24, 2009

 

Bob Bly's schedule

Direct Marketing copywriter Bob Bly just sent out an email going over his average-day and some insights on getting things done when self employed. 
 
I thought it was pretty valuable, so I'm posting it here.
 
Ron
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Dear Direct Response Letter Subscriber:

Subscriber AM recently wrote me:

"Hey Bob, your guru Michael Masterson has already provided us
with a description of his daily schedule. We would also be
interested in knowing how you schedule your day."

I'm afraid my schedule is much less diverse and interesting than
Michael's, though perhaps in its own way instructive:

I work 12 hours a day, 5 days a week, from 7am to 7pm EST Monday
through Friday.

That's the ideal schedule, anyway.

Of course, there are the occasional unavoidable interruptions.

So to make up for lost time, I normally (but not always) put in
2-4 hours on Saturday.

Sundays I usually take off. And in really nice weather in the
spring, I may leave an hour or two early on Friday evening to
sit in the yard while the sun is still out and read the paper.

Of course, I do spend some weekends "working" -- giving or
taking seminars.

But those weekends are the exception, not the rule.

During the week, I devote the mornings to the tough work -
writing copy for my clients.

I continue writing client copy after lunch for a few hours,
until I lose steam.

The rest of my work day is spent on these tasks:

>> Managing my little Internet information marketing business,
CTC Publishing.

>> Editing e-books written for CTC Publishing by my freelancers.

>> Writing my own books, articles, and columns.

>> Doing some blogging, social networking, and content
syndication to promote my Internet business.

>> Routine correspondence with customers, readers, prospects,
clients, colleagues.

>> Phone interviews with subject matter experts I must talk with
to gather information for writing projects.

During my 12-hour stint in the office, I take a half hour off
for lunch.

Since I am along the entire day (we have a virtual office in
which my assistants work in their own homes), I like to get out
for lunch - for some fresh air and to see live people -- when I
can.

I usually eat lunch in a local coffee shop 3 days a week (the
other 2 days I pick up something from across the street or eat
the yogurt, oranges, and apples in my office fridge).

My office is a 20-minute drive from my house (I don't work at
home), so that adds another 40 minutes to my 12-hour work day.

I use car time to listen to audio CDs. These include my own
audio programs, which I listen to as a quality check.

They also include the many CD programs sent to me by marketers
who want me to promote their audio information products to my
list as an affiliate.

So ... what can you take away from my work habits that can help
you be more productive?

Here are 2 quick tips....

First, notice that I work a 12-hour day.

When a reporter asked the great Claude Hopkins why he earned
twice as much as any other copywriter of his day, he answered
that he worked twice as long.

One key to super-productivity is simply to put your nose to the
grindstone, dedicate yourself to work, and get things done.

Motivational speakers and coaches implore us to work smarter,
not harder.

But most of the really successful people I know work smarter and
harder than their competitors.

The other tip is to break your work day into one-hour increments
and assign a different task to each hour.

This is particularly useful on days when you can't seem to get
moving or motivated.

Just write out the schedule ... and do for the hour what it says
on the schedule.

AM also asked me about hobbies and travel, but there isn't much
to tell here.

That's because another key to my productivity is that, for
better or worse, I don't indulge much in either: hobbies or
travel.

I don't enjoy travel and would much rather be home.

As for hobbies, parenting a special needs child and working the
schedule I do leave little time for anything else.

What I really love to do is write. So work is my "hobby."

I like to read, and I have a few minor interests (e.g., a
92-gallon aquarium).

But I have no real major hobbies like collecting antiques or oil
painting.

I do have a big comic book collection dating back to the early
1960s, but my sons have taken it over.

And I'm taking a writing course here locally at The Writing
Center in Englewood, NJ.

A boring life?

Maybe to you.

But it suits me just fine, thanks.

Sincerely,

Bob Bly

P.S. If you want to know what I am doing currently, on a weekly
or daily basis, you can follow "Robertbly" on Twitter.

Just click on the link below and search the name Robertbly:

http://twitter.com/invitations/find_on_twitter


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# posted by RonL @ 12:46 PM 0 comments

Thursday, April 23, 2009

 

A Stock Market investment checklist from Adam Mesh

www.adammesh.com

Stock Market Checklist:

1.) Make sure you are aware of how your portfolio is
performing. Even if you have put your trust into someone
else's hands, you must know how to track how you are doing.
After all, it is your money and there is nobody that cares
more about it than you do.

The following is an excerpt from Walter Updegrave's recent
CNNMoney article:

"Does your adviser provide regular updates on how you're
doing?

No strategy is going to go exactly according to plan. So your
adviser should be providing periodic reports - quarterly
seems reasonable to me - that show you how you're doing
versus an appropriate benchmark. If your portfolio's
performance is out of line - either above or below its
benchmark - then your adviser should explain why this is the
case and you should both discuss whether any changes or
tweaks are needed.

A good adviser should also know, however, that market turmoil
will naturally upset many investors and lead them to wonder
whether they're still on the right course. So aside from
scheduled updates, an adviser should make a special effort to
keep in touch during especially chaotic periods.

It's not enough at times like this for an adviser to say,
"hang in there and all will be well." An adviser should be
ready to go over the strategy again, make sure it's still
appropriate for your situation and, most important, explain
to you why the strategy still applies even if it's losing
money at the moment.

If something about your situation has changed or if it turns
out you drastically overestimated the level of volatility you
can stomach, then it could make sense to fine tune and
perhaps re-jigger your portfolio. Remember, though, if you're
constantly making changes, then you probably don't have a
real strategy anyway. You're winging it.

If, after asking yourself these questions, you decide your
adviser comes up short, then fine, go look for a new one. But
if you're going to jettison him because he can't predict the
future, good luck in your search for a replacement, because I
don't think you'll find anyone who'll measure up."

2.) Don't anticipate what is going to happen next in the
stock market, just try to be the first to react when things
do start happening. Here's the analogy: pretend you are a
goalkeeper in a soccer tournament and the other team has a
penalty kick. If you dive before the ball is kicked then you
have a fifty-fifty chance of guessing right. Those are not
good odds when it comes to making a trade in the stock
market. If you react as soon as the ball is kicked you have a
much better chance of picking the right direction and even if
you are wrong, you still will not be as wrong. The key to
stock market success is taking advantage of what the market
gives you instead of trying to predict what is going to
happen. 

At Berkshire Hathaway Inc.'s annual meeting, Warren Buffett
was asked to expand on his outlook for the stock market and
he replied, "I'd like to expand but I couldn't answer. It's
just not our game."

3.) Remain Disciplined. When trading at any level, you must
have the discipline to remove emotions from your decision
making process. Trades should be executed based on
risk/reward and sound technical analysis. If the last thought
you have before buying or selling a stock contains one of
these words: hope, afraid, want, fear, need - then you are
doing something wrong. Have the discipline to do the right
thing whether it's comfortable or not.

4.) Be consistent. If you know you have the right strategy
and you are trading the correct way then don't be fazed by
small losses. Stick with the game and plan and know that over
time you will be rewarded for your consistency. If A-Rod
strikes out three times in a row, he does not change his
entire swing. He doesn't even change his bat. He knows that
if he sticks with what's proven to be successful over time
then the hits will come his way. It's okay to tweak and
constantly be looking to improve but not change everything
because of a few minor setbacks. Boring Consistency will lead
to success. If it helps, find someone to hold you accountable
to make sure you follow through.

5.) Form a plan. You need to have a base, a core strategy that
you can rely on and work off of. Success starts with a plan.
Take a system that works, now customize it for you and your
lifestyle. Set goals that you have to stretch to reach and
make sure the plan you have will give you the best possible
chance to achieve those goals.

If you need help with #'s 4 & 5 then click on the link below.
My team and I will make sure you are held accountable. We
will also customize a stock market plan that is based on you
- your personality, your availability and your goals.

http://www.adammesh.com/evaluation.html



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# posted by RonL @ 6:46 PM 0 comments

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