Hi Friend,

I am so grateful for the friends Richard and I have in our life. The biggest difference I see between our friends and others I've met is that we have the freedom of choice in our life. Does everyone we know spend their days sitting at the pool or playing at the local golf course? Absolutely not! But, if that's what they want to do, they have the freedom to do that!

One of our friends continues to work 10 hours per week at a local hospital. He says it's for the medical benefits, but I know how much money he makes in real estate and I suspect he stays at the hospital because he loves the contact he has with people at the hospital. This weekend I spent a few hours at a friend's new (to her) house. She had just bought a historic home in a downtown Phoenix neighborhood. Rather than move in right away, she decided to go to Spain for a vacation first. Why not? Boxes can wait and the weather was great in Barcelona.

Do you have the freedom to do what you want with your life? Or, are you still struggling with the average American dream?

Here's a frightening statistic: 94 out of 100 Americans will have to dramatically reduce their standard of living or be dependent on someone else when they retire. Think about that – are you ready to live poor? Or, are you certain that you have someone else is ready, willing and able to support you? Otherwise, do everything you can to be one of those rare 6 out of 100 people who can continue to live at their same lifestyle…or maybe even better.

Being average means you'll live with less than you do now. Most people I know want to live better, in the fullest sense of what it really means to live. If that's true for you, then do whatever it takes to not be average!

The latest issue of Money magazine (April, 2005) had some interesting statistics on what it takes to be average:


Age 25 – 34


What are you worth?




Age 35 – 44


What are you worth?




Age 45 – 54


What are you worth?



Remember that's average! What is your plan? And more importantly, how are you doing with your plan?

I'll make a guess about who you are, if you're reading Loopholes Update. You are interested in being more, so you can give more, for yourself and your family. Here are the three things I've learned that can make the biggest difference if you are looking to make a difference.


Who are the three to five people you spend the most time with? What are their beliefs about money, finance or investing? If they have a belief that is not in line with where you want to be, then you're bound to have conflicts as you move forward with your financial plan.

I once did a seminar with Dolf de Roos, New York Times best-selling author and (I'm very proud to say) my co-author on two new books, "The Insider's Guide to Real Estate Investing Loopholes" and "The Insider's Guide to Making Money in Real Estate." As one of his exercises he had everyone in the room write down who the five people were that they spent the most time with. He then asked them to make a note next to each name as to where they were financially. He then strongly urged them to consider what impact these people were having on their own financial dreams. We took a break then for lunch.

I sat at a table with a group of people who were still discussing Dolf's point about friends and their impact on your personal financial plans. One woman protested, "I could never leave my friends. They are my anchor."

The table was quiet a moment and I asked, "Have you ever tried to go swimming with an anchor?"

It's amazing how true the words we say really are.

How would you like to listen in on the conversations that the rich have about their finances, investments and taxes? That's what our popular audiotape product, Loophole Conversations, let's you do.

For a limited time, we have created a special combo pack of Loophole Conversations with one each of my new books, "Loopholes of the Rich", "The Insider's Guide to Real Estate Investing Loopholes" and "The Insider's Guide to Making Money in Real Estate." Normally, this combination would cost you $115.80, but for a limited time, you can get the audiotapes and three hot new money-making, tax-savings books for just $59.97! Don't wait, the offer is limited, go to http://www.TaxLoopholes.com/s/LC right now to take advantage of this special offer.


When you're with your friends, family and business partners, what do you talk about? It's said that there are basically three different things you can discuss: people, events or ideas.

People who talk about people generally limit what they do with their lives. How many times have you run into people who can't talk about anything except the people in their lives, their neighborhoods, or maybe even on their favorite television show. People who think small limit themselves to talking about other people.

People who talk about events have expanded beyond just talking about people, but they are still operating as reporter. They aren't making anything happen – just talking about what has happened. People who think medium talk solely about events.

The people who truly move beyond where they are now, who are not only willing to be, but yearn to be, part of those unique 6 out of 100 people who will live better than they are now when they retire…those people think differently. And they also talk differently. People who move beyond where they currently are, people who want to be more than average, these people discuss ideas.

That's why I read so much. I'm looking for new ideas to think about and talk about. If you're ready to discuss new ideas on using leverage, velocity and cash flow to build your wealth as you maximize tax loopholes and reduce risk, then please invest the time and money to study the new ideas in our three new books:

Loopholes of the Rich

The Insider's Guide to Real Estate Investing Loopholes

The Insider's Guide to Making Money in Real Estate

The New York Post said this about "The Insider's Guide to Real Estate Investing Loopholes:"

"The Insider's Guide to Real Estate Investing Loopholes," is packed with tips on maximizing your wealth by utilizing tax and legal loopholes.

The authors' basic premise is that wealthy real-estate investors exploit tax loopholes, but so can you.

For instance, the authors break down the status of being a real-estate dealer, developer or investor, and offer advice on forming a company versus a LLC.

At the end of each chapter, Q & A's help readers determine how best to manage their money and property. Be warned, though: light reading this isn't. This book is packed with technical jargon, and it will appeal only to those serious about complex tax and legal issues.

I wasn't sure how I felt about that review in the March 19th edition of the New York Post, but then a friend of mine pointed out that it was absolutely true. We talk about things that other people do not! And, that's the whole point of not being average.

If you want to learn new words and ideas, and save money doing so, then go to http://www.TaxLoopholes.com/s/LC right now to take advantage of the Tax Loopholes special offer. The offer is limited, so please don't hesitate to order.


Sometimes I think anyone who sets out to think and act differently needs a support group. How many times have you been told "You can't do that" or "That will never work"?

As the saying goes, "Those who say it can't be done should get out of the way of people who are doing it.”

Surround yourself with people who don't want to be average, who can talk about a new idea without freezing with fear and who are willing to back those ideas with action! Those people will form the support group you'll need as you go against conventional wisdom.


Diane Kennedy

P.S. If you have a dream you aren't prepared to let die, then don't be average! Think, and act, differently. If you are ready to invest in the education and ideas that will take you to the next level (or maybe five levels up!), then go to http://www.TaxLoopholes.com/s/LC right now and get started!