After recently coming back from Las Vegas to Michigan, I’ve decided to stay. I just recently made this big decision to make Michigan my home once again. If you know me well, then you know that this is a big decision that is very contradictory to my traditional mindset towards living in here in Michigan. I normally hated living here primarily because of the cold weather & lack of significance. Now, I love the thought of living here! So, why the change of heart? After thinking about this decision on and off for another week or so, I discovered the logic for why I wanted and am going to be living here in Michigan for at least the next year or two. So the reason why I am going to live here in Michigan for the next year or two and not a big city comes down to the two following primary reasons…

Other people’s money (OPM) is one of the most fundamental sources of OP Leverage that can be consistently utilized for massive financial profit. The more money you have access to for building wealth, the more leverage you have in building your net worth and purchasing power. I 100% believe in leveraging other people’s money. In fact, I would almost make it a sin to never utilize other people’s money. Other people’s money is a financing tool. It can enable you to take on ventures and investments otherwise out of your reach. It can turn an average yielding asset into a homerun. Remember that, fundamentally, there is always cost to taking OPM and that it is virtually always wise to do so if you can consistently outperform those costs.

A lot of entrepreneurs have mixed feelings about business plans. Some see them as useless. Others see them as vital. I was on the fence a few years ago but am now firmly positioned in the opinion that they are vital when talking about a true entrepreneur with a real business. A professional entrepreneur taking on a serious venture is going almost always be involving other people at some point who will have a meaningful stake in the venture’s performance. Unless one is so credible or so suave that a business plan doesn’t matter, then having a business plan to backup other people’s investment of resources in your company is going to help you seal the deal. When creating a killer business plan aimed to convert potential into results, you really want to dig deep down and create something world class.

I’ve always had this sense of there being two different modes of thinking like what I’m about to talk about but until recently wasn’t able to clearly establish the logic between the two. Now, I know them as intuitive and sensory thinking. I believe this is a fundamental concept that accounts for many things in human beings. Intuitive thinking is all about focusing within yourself and your own imagination & intellect. Sensory thinking is all about observing what is going on outside yourself. We are always enabled and limited by our current mindset for thinking intuitively vs. sensory. We usually consistently gravitate towards one or the other types of thinking. Do you primarily have your head in the clouds or your ear to the ground?

Many people put themselves into all or nothing positions of achievement. Many times, people aren’t even aware of it. I’m very much about achieving the ultimate in life. However, losing virtually all results isn’t often a good thing either. One often needs a solid base of success in order get to the next level. I’ve realized that there are quite often lower lines of base results that are worth maintaining in many things. So, what I believe is a solid approach on all of this is to diversify amongst strategies that take into account inadequacies of psychology for both your ultimate results and base level results.