Don’t be afraid to ask for help; in business,decisions made alone are often the ones that accompany a fall.
If you go into business,do it for profit or reinvestment.”In business,the earning of profit is something more than an incident of success.It is an essential condition of success.Because the continued absence of profit itself spells failure.
Hard work:Rich people have been the ones who studied for hours, worked late into the night, never watched television, went on vacation, or had social lives, and gave up countless small luxuries for the sake of their goal. A large amount of effort is required for a large financial gain. Most people aren’t willing to put that much effort into it. Conservatism:The simplest reason why rich people have money is that they haven’t spent it. It’s easy to fall into the habit of spending everything we make. Wealthy people have mastered the discipline of saving money and making it work for them instead of always working for money. If you study the lifestyles of the wealthiest people in the world, you won’t find them buying the newest, most popular vehicle every year. Instead you’ll probably find them driving a vehicle that’s paid off and has high mileage. You’ll find them to be conservative and wise about their spending. A well-known financial adviser, Dave Ramsay, has said, “You have to live like no one else in order to live like no one else.” Ingenuity:By ingenuity, I’m not saying wealthy people are any smarter or even more educated than ordinary folk. But they’ve realized their own unique abilities and mixed them with some creativity to say, do, or create something no one else has — something that works, and something that everybody wants. Ingenuity lies in everyone, but wealthy people have utilized it to their financial advantage. An opportunistic mindset: Wealthy people work hard and are wise and careful planners. On the other hand, they’re also willing to take the risks often necessary for great success. People who are tentative when an opportunity arises often miss out on some of the greatest advantages. While being unafraid of opportunity is a good trait to have, it sometimes carries consequences. Not every uncertain or risky opportunity succeeds. Rich people have often faced discouraging failures,
but remain undeterred by them. They know that, in spite of failures, they’ll eventually succeed.
If you want to be successful in the world of investing,regardless if it is in paper asset,business,or real estate,you need to be both an investor and a trader.
The most powerful force I have is what I say to myself and what I believe.Pay close attention to what you are saying to yourself,because what you are saying to yourself is what you are becoming each and everyday.
Money does not make you rich,money does not count on the fast track because everyone already has money.In order to get into the better investments on the fast track,what counts is “what you know or who you know”.