An old piece from my first blog where I describe what it's like to go on a seven day water fast. (Spoilers: Your stomach hurts.)
Many cultures through out time have placed fasting in high esteem. To many fasting is a spiritual thing. Some Buddhist monks basically fast their entire lives and even Moses did some fasting among others the Bible references. Today people do it for spirtual or medical reasons or simply to lose weight.
The question is, does fasting actually do anything? Supporters say it detoxifies the body while helping people build discipline and lose weight. Wikipedia cites a study by Berkely that suggests fasting can decrease the risk of cancer and extend one's lifespan. On the other hand, some mainstream sources say it does nothing and can actually be harmful (and messy too if you use laxtives in the process, although that's kinda expected).
Fasting undoubtedly puts the body into starvation mode, which basically means that once you start eating again your body will store everything as fat until your metabolism gets back up to speed. So ironically, fasting can actually cause you to gain weight.
So when I got the strange impulse to do this, I was nervous about a couple things (going into hypoglycemia not surprisingly was the highest on the list). However a friend of mine had just done it with positive results and the idea got stuck in my head to go for it. For me it was about discipline. If I can go with out food, I can do anything (or not do anything).
So I decided to do a five day water fast. However, I quickly started to doubt my wisdom in this chosen endeavor. After the end of the first day the hunger pain was awful. Day two was almost unbearable. The hunger pain was so bad that it was actually hard to go to sleep even though I was exhasusted. In addition to that, I couldn't focus very well and my tongue started to turn a gross white color. It was also a little awkward when my stomach started growling whenever I was around someone (I didn't tell many people I was doing it). I'd always say it must have been something I ate (or didn't eat, ha ha).
Luckily, the third day felt fine and so did the fourth. I guess my body got use to not having food. Like an annoying, little kid begging for attention who finally just gave up. The hunger pains did come back on the fifth day, but I got through it. To celebrate, I bought a pizza and wow, it was easily the best tasting thing I've ever eaten!
Overall it was something I'm very glad I did. I felt like I achieved something and have been much more disciplined ever since doing it; working out consistently, getting my work done, not smoking, eating healthy and all that. I also lost 13 pounds in five days which was nice. And oh yeah, I didn't die. Given all that, I'd have to recommend it.
Nothing will run your business into the ground faster than not having systems. There's only so much you can do, so much you can keep in your head at one moment and so many times you can reinvent the wheel. On this, the tenth episode of The Good Stewards Podcast, we take at systems; why they're so important and how to build them in your company. Check it out!
Episode 1: The BRRRR Strategy Overview
Episode 2: BRRRR Rehab
Episode 3: BRRRR Refinance
Episode 4: BRRRR Rent
Episode 5: Investing in a Recession
Episode 6: Creating a Scope of Work
Episode 7: Acquisitions
Episode 8: Due Diligence
Episode 9: Leasing and Screening
Episode 10: Long-Term Financing
So on my old blog, in early January of 2009 (and this is still only mid January of 2020), I wrote down why New Years Resolutions usually fail and how to change that. While my answer has changed a bit (more into systems) my answer from 11 years ago was better than most.
Making New Year’s Resolutions and then proceeding to break said New Year’s Resolutions seems to be an annual event for Americans and many others around the world. One survey of over 100,000 people in 16 countries found that 98.7% made one or more resolutions and only a shameful yet darkly humorous 3.1% actually kept them.
Aside by making fodder for bad stand-up comics, this embarrassing statistic begs the question; why do people still do this. A common definition for insanity is doing the same thing over and over again and expecting different results. Well this one almost answers itself. No one is completely happy with himself, and so we want naturally want to improve. The New Year symbolizes a new beginning (although really it really represents nothing more than passing go with out the $200 of course), therefore it’s a chance to start anew more literally. To fix those problems we all know that we have.
Well unfortunately, people rarely change and never change easily. Alcoholics don’t just stop drinking, fat people don’t just lose weight, hippies don’t just start making something of themselves, it takes a lot of hard work and dedication. A simple resolution will provide nothing more than a week or two of motivation.
Any serious attempt to improve requires time, goals and dedication. The best way I’ve found to do this is to create a plan. Compliment that plan with a schedule and goals and then meticulously keep track of your progress. For example, I looked to get back into shape so I created a work out plan. Then I created a schedule with goals for bench press, weight and run time. And so for I’ve had great results.
Now obviously this is no guarantee, but a plan and a schedule can help focus your effort unlike some vague resolution. In addition to the plan, involving a friend or at least telling people what you’re trying to do helps keep yourself accountable. You can really start this at any time, so the New Year might as well be it. But given the statistics, I wouldn’t call your goal a resolution.
Recently I wrote an article for BiggerPockets criticizing Zillow's Zestimate feature and noting it probably relied too much on the list price for listed properties; which is why it's Zestimate is usually pretty good for such properties whereas not so good for unlisted properties. I compared 12 appraisals we had to their Zestimate and found,
Overall, there’s quite a range with the Zestimate, including half being over 10 percent off the appraisal and two being over 20 percent.
I can think of no better example of this than a recent property I looked at. It was bought in August for $193,000 and then relisted in October (with what looked like nothing more than paint and carpet) for $325,000. Here's what the Zestimate did:
Yes, the Zestimate is a good place to start. But don't ever take it to the bank!
On the tenth episode of The Good Stewards Podcast, we take a look at long-term financing (one of Joe Fairless' three immutable laws for how to be successful in buy and hold real estate, which I fully agree with). You just can't make buy and hold real estate work without good long-term financing. Check it out!
This is a slightly late post on what I consider to be a particularly legendary year-end tweet. While Trump's talk of "fake news" seems to just include anything he doesn't agree with or like, there is a serious problem of fake news. And while there are really big examples of fake news from to the Covington Catholic kids hoax, most of the media's dishonesty comes down to what they focus on.
Libertarian comic Dave Smith sums up 2019 as well as it could be,
These four stories--the Mueller Report/Russia Hoax, The Afghanistan Papers, the OPCW whistleblower (showing Trump bombed Syria for nothing and our media is made up of incompetent or totally corrupt hacks) and the IG Report (where a lawyer changed the contents of an email to make Carter Paige look guilty)—are absolutely huge stories and the media underreported them or was on the wrong side of them.
I would add a fifth big story to Dave Smith's list; which the media was right about this year, but wrong about the last 10;, and that was Jeffrey Epstein.
Regardless, it is quite obvious that our government and media are extremely corrupt and it goes well beyond Trump. And had Clinton won, it would have gone well beyond her. Unfortunately, it's systemic.
As might be expected given Qaseem Soleimani made much of his career fighting Al Qaeda and ISIS, there has been a lot of celebration about his death. And no, I'm not talking about the neocon traitors here, I'm talking about ISIS. From The Daily Mail,
ISIS has claimed the death of Iranian General Qassem Soleimani was an act of 'divine intervention' and that it will benefit their jihadist cause.
Yes let me not the obligatory "Soleimani was not a good guy" bit and point out that he killed innocent people (although the claim he was responsible for 600 American deaths in Iraq is false and the claim that he had anything to do with 9/11 is a farcical lie). But perhaps killing effective enemies of the worst people that have ever lived is not a good idea. But then again, neocons have a 0.000 batting average when it comes to ideas, so what should we expect.
Perhaps you should stop listen to them Donnie...
Oh, and three years CNN was crediting Soleimani with the defeat of ISIS, for what that's worth.
Leasing is something any landlord or property manager needs to do to be successful. Indeed, it's probably what most people think of when they think of property management. That being said, screening is, in my humble judgement, the most important thing. On this episode of The Good Stewards Podcast, Ryan, Amanda, my dad start in on property management by discussing leasing and screening. Enjoy!
Yeah, I know everyone has already seen this, but I couldn't help but share. The great Ricky Gervais says what we've all wanted to to all these self-righteous, performatively woke celebrity douchebags. Cheers Ricky, cheers!
I think the Sarcastic Libertarian sums it up pretty well...
I'm sure nothing bad could come from assassinating a key leader of a sovereign state. Nothing bad at all..
Yeah, as I unfortunately foresaw, Trump is little more than a neocon now.
"Every day is a new life to the wise man."
The Righteous Mind
Star Slate Codex
Consulting by RPM