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No Longer This, But Not Yet That
June 01, 2007
Midlife Wisdom For Men Issue #083, June 1, 2007
=========== TABLE OF CONTENTS ==========
· I Thought You Might Like To Know
· No Longer This, But Not Yet That
Written by Noel McNaughton Midlife-Men.com (c) copyright 2007 midlife-men.com
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Midlife Wisdom for Men.
Welcome to this issue of Midlife Wisdom for Men.
For years I was leery of the stock market, and although I invested in a few private start-ups (which I have learned are the MOST risky), I didn't do anything in the market.
A year ago I met a fellow who showed my how to use stocks as assets to produce income from, rather than to speculate with. It is surprisingly easy and safe (although not foolproof), and I thought you might like to know about it.
Transitions are those difficult times when we feel in limbo. We all go through them, and with a bit of knowledge, can take advantage of them, rather than just suffer.
There are about 1350 words in the articles in this newsletter, which should take you about four and a half minutes to read.
Are You An Aging Baby Boomer?
For an annotated bibliography on the subject, see AGING BABY BOOMERS: A Guide for the Perplexed, prepared by Richard P. Adler (Institute for the Future). The bibliography can be downloaded from the AARP website: http://news.aarp.org
I Thought You Might Like To Know
Question: If $5,000 could produce $1,000 to $2,000 cash every month, would you be interested in learning how?
About a year ago, I met a fellow, Wade Cook (Liberty Network), who learned a 'secret' to making money safely on the stock market about twenty years ago. He has been teaching others how to do it for many years, and has written books about it. It is a very simple thing, very straightforward and low risk, and yet few people have heard of it. Even many financial advisers and stock brokers know little or nothing about it.
It is called Writing Covered Calls
It sounded good to me, so I bought a book from Wade, signed up for his newsletter subscription package, and started doing it. I didn't want to tell you about it until I had tried it long enough myself to see whether it worked as Wade said it would. I've been doing it for a year now, and I thought I'd let you know it does work, and it doesn't take a lot of time. I usually spend an hour or two a month on it, and it makes me an extra few hundred a month.
As a subscriber to Wade's newsletter, I get two weekly emails, and access to a weekly conference call. I asked Wade if he would let my newsletter subscribers (you) sit in on one of the weekly calls for free, just to see whether you wanted to make some extra money this way, and he said ok.
Here's An Example Of What Is Discussed
Let’s look at a real live example. Shares in Encysive (ENCY) are selling for $3.70. Let’s buy 2,000 shares. That would cost $7,400. If we have margin capability, meaning the broker will lend us half of this money, we would only have to put up $3,700.
We look at the June $5 Calls. They were 35 cents to sell. We have 2,000 shares so we can sell 20 contracts—each contract equaling 100 shares. That would produce $700 which would go into our account in one day, and be ours to keep, no matter what happened to the price of the shares or the options.
The July $5 call options were 85 cents to sell. That would generate $1,700 now. That’s an awesome return on a $,700 investment for six and a half weeks. Yes the stock could go down. So watch it closely. Follow the news. Set alerts; say if the stock drops below $3. Put in a stop-loss order at $2.80 or so. If this stop gets filled, your broker will buy back the option. The trade will be over.
Back to the numbers. $1,700 cash in now. What will you do with the money? You could just leave it alone. You could take it out. You could buy more stock with it. In fact, you could have bought another 500 shares and sold 25 contracts instead of 20. It’s your money.
So, if you want to learn how to make some extra money ($500? $1000? more?) every month, this is a special invitation to one of Wade's Tuesday evening calls.
WHEN: EVERY TUESDAY DURING JUNE, 6 PM PACIFIC TIME CALL: 404-920-6610, enter PIN 582932#
This is normally $95 per week, so if you are at all curious, be sure and take advantage of this free offer.
Do you have special knowledge, or a hobby you would like to share? E-books (especially non-fiction "how to"), e-photos (booming!), the whole "digital goods for sale" space is soaring. Anything can be digitized, and you can make money selling it. How to Make and Sell E-Goods.
No Longer This, But Not Yet That
The move into the second half of life, or what in France is called the "third life", doesn't happen overnight, as you have probably noticed. It is a transition, and transitions take time.
Transitions have another feature that is not very fun to experience, which is a period of "nothingness", when we are no longer what we used to be, but not yet what we are becoming.
Here is a short quotation derived from The Maggid of Mezritch on P.104 of "Tales of the Hasidim" by Martin Buber:
Nothing in the world can change from one reality into another, unless it first turns into nothing, that is, into the reality of the between-stage. In that stage it is nothing, and no one can grasp it, for it has reached the rung of nothingness, just as before creation. And then it is made into a new creature, from the egg to the chick. The moment when the egg is no more, and the chick is not yet, is nothingness.
If you have been feeling as though you are in a stage of "nothingness", where you are no longer interested in things you used to be passionate about, and don't know what would turn you on. Or maybe you feel as though you are just "spinning your wheels" or "putting in time", and that your life has lost its "juice". The chances are good you are in a midlife transition.
I spent about five years in a midlife transition during my early fifties, and it was no fun. But I had enough life experience by that time to know that everything in life eventually passes - the good and the bad. As that old Roger Miller song said "The good ain't forever, and the bad ain't for good."
Transitions have three stages: Leaving the last existence, being in 'limbo' or 'nothingness', and then entering the new existence.
When one is in the middle stage - 'nothingness' - it is the time to look for slight hints of what is to come next. Robert A. Johnson, in his book Balancing Heaven And Earth calls it "following the slender threads", where you look for any little thing that catches your attention, makes your heart beat a little faster, or perhaps gives you a small rush of energy. It is difficult to find these slender threads, but if one keeps looking, they will appear. Perhaps through a chance meeting with someone who is doing work you have always thought might be interesting, but have discounted because there "wasn't any money in it", or it "wasn't practical".
Perhaps you will find a slender thread through volunteering with some organization that seems to you worthwhile. Or maybe through your church, or through a men's organization, such as The ManKind Project.
By now you have been through other transitions. The one you remember best is likely your transition from childhood to adulthood, which you went through during those exciting, confusing, terrifying, wonderful teenage years. Remember those? Where everyday when you looked in the mirror, a different person seemed to be staring back at you, with a bigger nose, or ears, or a bit more facial hair than the fellow the day before?
And you didn't know quite what was going on, and "what you wanted to be when you grew up" changed every few months, until finally you "grew up and got a job", and maybe you still don't know what you want to be when you grow up, only now time is moving faster and faster!
Being in transition, along with being confusing, and depressing at times, is also a time pregnant with promise. You are no longer what you used to be, and you are not yet what you are becoming, so you can be or do anything!
In my experience, going through transitions requires patience, and "active waiting". In other words, keep exploring new possibilities. Try new things. Don't just sit and wait for inspiration to come. As the saying goes, "God will work with you, not for you".
And you may find some useful exercises on my "Life Mission" page.
And remember - this too shall pass.
Softball announcer: "If history repeats itself, I should think we can expect the same thing again."
Wouldn't it be great to work less and play more golf? I do not of a better way to earn a part-time income, than a simple information Web site. I encourage you to check out Live My Passion. You'll be amazed at how you can turn YOUR hobby into online income.
The Mankind Project The ManKind Project® offers trainings which support men in developing lives of integrity, accountability, and connection to feeling. Our trainings challenge men to develop their abilities as leaders, fathers, and elders as ways of offering their deepest gifts in service to the world.
The ManKind Project's New Warrior Training Adventure® is an intense, transformative men's initiation which invites men to forge a deep conscious connection between head and heart. The NWTA offers men a powerful, challenging opportunity to look at all aspects of their lives in a richly supportive environment.
Got your copy of Picking Up The Burning Feather yet? It will help you on your spiritual journey.
Just go to Picking Up The Burning Feather: A Spiritual Guide For Midlife Men , and follow the instructions.
I Need Your Questions and Feedback!
Got comments? Questions? I'd love to hear from you.
Just email your suggestions and/or questions to
. I look forward to hearing from you. And thanks.
Well friend, that's it for now. Again, if you enjoyed this and/or found it useful, and know of anyone else who might like it, please pass it forward. And if you have questions or recommendations, I would love to hear from you.
All the best, Noel
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