Thursday, August 12, 2010

Make More Money: 8 Rules

1. Keep Your Day Job
Stable income from your job will provide you with a safety net while you transform yourself into a Creator.
2. Go Nuclear
The time, energy, and investment you put into your other eight hours should be disproportionate to the results you can achieve. Going nuclear is about extracting the greatest results from the least effort. Put simply, you need to get a lot of bang for your buck.
3. Know your HABU
The real estate industry has a concept called Highest and Best Use (HABU). Properties are based on the best use of the land that will produce the highest value. When you use the other eight hours to create, you must focus on your HABU — your unique talents, skills, and experience that will produce the most value.
4. Limit Risk
Instead of taking a lot of risk, the Creator’s goal is to limit the risk of a financial catastrophe. If you’re in the start-up exploration stage, don’t commit more than about 2 percent of your income or savings to any one project. If you pass this initial stage, you can commit a little more to the project — maybe 5 percent of your income/savings.
Three other ways to limit risk:
• Enlist the support of others.
• Negotiate discounts and concessions on everything.
• Pull out of dead-end projects.
5. Swing Often
If you’re trying to hit a home run and catapult your finances to a whole new level, it pays to swing often. The most ambitious Creators will have two, three or more projects in the works at any time. The assumption is that just one will make it.
6. Market
Even the best products won’t sell unless people know about them. There are loads of resources that will help you get more of your stuff in your customers’ hands. I have several free resources that will help you become a Creator at other8hours.com.
7. Monetize
The Creator has two objectives: to have fun and to make money. Too many people think the recognition of what you’ve created is the objective, but recognition can’t pay the bills. So figure out how you will convert your product or service into money.
8. Have Ownership
Unless you’re a star athlete or A-list entertainer, you won’t get megarich working for someone else. True wealth is from ownership.

Tuesday, August 10, 2010

First woman to head major US intelligence agency


Letitia A. Long became the first woman director of a major U.S. intelligence agency Monday, taking her post as chief of the National Geospatial-Intelligence Agency at a ceremony at the agency's half-built, high-tech campus in Springfield, Va.

Long saluted what the relatively new agency has accomplished, from aiding troops on the battlefield, to helping draw together intelligence from across the national security spectrum.

"I have never seen an agency as young as the NGA do so much in so little time," she said of the organization, which was established in 1996.

She spoke before several hundred VIPs from the intelligence and special ops community on the roof of a parking garage next to her future offices. The "Jetsons"-style rounded wedge of buildings is rising from a vast construction site at Fort Belvoir. The NGA's staff, now spread among several sites across the Washington metropolitan area, is slated to relocate there by fall 2011.

Long's 32-year career has led to a series of senior management positions: deputy director of Naval Intelligence, deputy undersecretary of defense for intelligence and, most recently, second in command at the Defense Intelligence Agency.

Long's old boss and mentor, James R. Clapper, newly confirmed as director of national intelligence, noted her 32 years of service, with 16 of them often working in agencies under his purview. Clapper warned her that as soon as he is sworn in as DNI, his "meddling" would continue in her next mission.

Long thanked him for "taking a chance on a young executive, way back when," and said she welcomed the meddling to come.

Long represents the vanguard of women in the intelligence community.

Women represent 38 percent of total intelligence work force, according to Wendy Morigi, DNI spokeswoman. In six of the most prominent agencies, 27 percent of senior intelligence positions are held by women.

A spokesperson for the NGA, Susan H. Meisner, had identified Long as the first woman to lead one of the nation's 16 intelligence agencies, but later conceded that women have led smaller intelligence agencies such as the State Department's intelligence arm.

Long has taken over one of the "top computer geek shops" in the national security world. The NGA synthesizes satellite imagery, using everything from the number of electric lines a city has to the density of the soil, to create three-dimensional, interactive maps of every spot on the planet. They're used by everyone from invading troops gauging whether a country's roads or deserts can handle tank tracks, to oil spill cleanup crews trying to decide where to deploy resources.

Long has the science-and-technology credentials to do it, with a degree in electrical engineering from Virginia Tech, and a masters in mechanical engineering from the Catholic University of America. Together with those high powered jobs, Annapolis-born Long and her husband have raised three daughters.

Rep. Anna Eshoo, D-Calif., said Long's "experience and position make her an important role model for all the women in the intelligence community." Eshoo is a member of the House intelligence committee and a longtime proponent of women in top intelligence roles.

Some of Long's new women staffers at the NGA say her example will surely change how the largely male-dominated work force sees them. However, women in their thirties and forties at these agencies say the climb they face is small compared to Long's fight, against an older generation that hadn't yet witnessed women in combat or a woman come so close to capturing the nomination for U.S. president.

Yet some of those women out in the national security trenches say the fight's far from over.

Intelligence executive Carrie Bachner, a former Air Force officer, worked as the legislative adviser to Charles Allen when he was the Department of Homeland Security's top intelligence official.

That meant she advised him daily on how to deal with the 86 congressional committees responsible for DHS oversight.

Still Bachner says, when she'd walk into a room of officials with Allen, "they'd automatically ignore me, assuming I was the executive assistant....until they'd realize, 'Oh, wow, she's the person we're supposed to talk to.'"

Leh flash floods: Army searches for missing jawans


Following the disastrous flash floods that hit Leh on Friday, the Army is now searching for the bodies of 26 jawans who are missing from Thygasi near Turtuk along the Line of Control (Loc).
This group of soldiers was untraceable after a hillock came crashing down on their post which is barely 150 metres from the LoC.

Sources in the Army say that most of these soldiers could be buried under 20-feet debris. But the Army does not rule out some of the soldiers having got swept away across the border to Pakistan.

After the incident, Indian Army's Director General of Military Operations got in touch with his counterpart in Pakistan to inform him of the possibility of some bodies being washed away into their territory. This was done as per the standard procedure established between the two countries in times of natural calamity.

The soldiers were well-trained to negotiate the conditions, but the Army has not been able to trace them even 48 hours after the incident, sources added.


Read more at: http://www.ndtv.com/article/india/leh-flash-floods-army-searches-for-30-missing-jawans-42991?cp

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