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Self and Relationships
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You cannot make money unless you are willing to lose some.
The most damaging mistake is to harp on past errors. The negative
message gets embedded in your subconscious which influences all your
future actions.
Discipline is the most critical attribute of all.
Be independent. Think for yourself. March to the sound of your
own drums.
If risk creates fear in you, this will attract losses. Losing is part
of the game.
Those who strive for certainty will not find it in the emotions
of the markets. In this game there are no experts - only those who
make fewer mistakes. Getting rich takes time and patience. But if
you are stimulated by the unknown road ahead, if you are prepared
to sail away from old shores to discover new continents then you might
have the temperament to embark on the greatest adventure of your life
in the stock market.
If you possess allies, unite with them
If you find yourself in enemy territory, do not linger
If you find yourself imprisoned, you must hold your body still
And concentrate your mind until a way out presents itself to you
If you find yourself in death ground, you must fight to the end
But in all this you must remember, that there are some roads not to
follow
Some enemies not to strike, some cities not to assault
And some ground that should not be contested.
(From Sun Tzu's: "The Art of War")
It's not good enough to have good intelligence: the principle
thing is to apply it well.
The reasonable person adapts to the world. The unreasonable persists
in trying to adapt the world to the person. Therefore all progress
in human affairs depends on the unreasonable person!
Production of goods in demand is where all real wealth originates.
"I love to sail forbidden seas and land on barbarous coasts"
(Moby Dick.Melville.1851)
Research of many famous achievers conclusively shows that they
attribute a great deal of their success to their associates and the
people in their businesses.
People count for the most. Complete success depends on getting on
with other people.
The list below is the life philosophy of ten different successful
businessmen:
Never be afraid to be bold. You never get anywhere parked in an
easy chair.
Supply maximum service at the price.
Wasted space is wasted money.
Look for any additional incoming opportunities in your business.
Show respect to those you deal with.
Invest as much of your own capital as possible.
Treat your bankers as your friends.
Allocate your managers' shares in the business.
When you launch a business or a new branch, make sure that you include
the customs and folklore of those ethnic groups who are going to make
your business.
Failure is a motivator to me. I never repeat a mistake.
Specialize in your field, focus your energy on it and work toward
a goal.
View money only as a means to an end.
Never delegate policy or authority. Delegate management or do it yourself.
Have faith in the future.
When you swim against the tide you can expect criticism.
Think big.
I set a goal and only achieved that targeted goal 20 years later.
I persisted.
Nothing is more flawed than historical wisdom. This applies in all
human endeavour.
I do not follow convention.
To be a millionaire there is a millionaire mentality.
The best remedy for fear is action. All successful people are people
of action.
Life gives you what you expect from it.
If you think it is impossible and you doubt achieving it, then it
is impossible.
If you love to do it you will always succeed. Boredom is the enemy
of success.
If you won a million would you still do what you do? If not, do something
else now.
The rich do not take long holidays. Their work is their passion and
their leisure.
I had one single goal in life. I made my dreams a reality.
I created my own lucky breaks.
Do what you know best. Direct all of yourself to achieve your objectives.
Put back what you take out.
The only foundation to business is real service.
Be yourself. Schools level the thinking processes and suppress original
thought.
Conformity prevents innovation.
Originality and boldness cannot be taught in schools but is the real
catalyst of success.
Don't follow fashion. Set the standard. Assert your true capabilities.
Disobey all the rules of rational thought if necessary but live with
reality.
Comforting circumstances do not provide the energy for initiative.
A fight for survival releases our latent initiative, talent and energy
for survival that we all possess.
Borrow money but pay it all back with interest.
Use other people's money. Ask for as much as you can get but pay it
back quickly.
Take care of your health.
Eat moderately.
Never talk business at the table.
Stay fit and dress elegantly.
Stay tanned. A tan means sunny spots and sun means money.
Choose as fancy a lifestyle as you can afford. You might get to network
with the rich.
Never confide your problems with others.
Do not sleep too much. Three hours less sleep nightly gives 6 extra
weeks a year!
Become the best in your field. Become the expert authority.
An absolute need for faith in yourself.
Burn your bridges and start the new venture. The surge of vitality
overcomes all.
Employ managers and accounts. Entrepreneurs and innovators do what
they do best.
Contacts with business associates and people are more important than
skills.
To succeed, work hard.
You have to do every day what you really enjoy.
Be your own lord and master.
Keep working on your obsession.
Be totally self-reliant.
Establish skills, improve quality of service and train staff.
The entrepreneur is at his best when obstacles must be overcome.
Capitalize on setbacks and adapt to changing circumstances.
True wealth is the reward for outstanding services rendered to people.
Desire to become the architect of your own life or you will not shape
it.
Have a plan but be flexible and prepared to constantly adapt it to
change.
As your potential grows your dreams will become bolder.
To achieve success you need either pure luck or the discipline of
character.
The greatest mistake of entrepreneurs is to be constantly busy.
Overwork is not productive and energy wasted earns no profits.
Take a break, recharge your energy and discover hidden resources of
power.
SUCCESS IS A HABIT YOU VISIT EVERY TIME YOU REPEAT IT.
SUCCESS IS A HABIT YOU REPEAT EVERY TIME YOU VISIT IT.
I determined to make money work for me.
Ignore insignificant ventures. Focus on enterprises with great opportunity.
Discipline, order and faithful accounting is my credo.
The golden rule of success is expansion.
The ability to manage people and figures is a commodity that can be
bought. I am willing to pay more for it than for any other commodity.
I distrust innovation. I believe in the organizational application
of efficient people.
Work longer hours. Complete the task in half the time.
When you complete a task more quickly you are contributing to your
success.
Concentration of the mind and resources is the key to success in any
field.
Life's rewards appear at the end of the journey, not at the beginning.
The long journey begins with that first step. If you meet failure
on the thousandth step, success might remain hidden beyond that one
step. You must take that step and the next until the corner is turned
and the reward is there.
Failures and obstacles are profitable because they build character.
Those who allow failure to defeat them are not worthy of success.
All super achievers have the ability to persevere despite failure.
They understand persistence and do not understand "no".
Success sometimes comes quietly and often follows failure.
Never take no for an answer. Ask why "no" was the answer.
Occupational dissatisfaction can be the start of a new beginning.
Aim high for the best service.
Teaching is of no value unless the pupil learns. The onus is not on
the teacher to teach but on the pupil to learn.
Never be satisfied.
Tolerate mistakes that educate you.
Sell service above all.
The art of management is the art of directing others to get the job
done right first time.
Go the extra mile. You get what you give. Wealth is the recognition
of what you give.
Knowledge is power. The more knowledge and experience you gain the
more productive and profitable you become.
Success is a poor teacher; we learn the most about ourselves when
we fail.
Failing is part of the process of success; you cannot know success
without failure.
Learn about systems and how to be a leader of people, not a manager
of people;
Managers often see their subordinates as inferiors;
Leaders direct people who are often smarter than they are.
For a business to prosper all systems must be functioning and accountable;
It's not the systems that you know about that are the problem;
It's the systems that you are not aware of that cause the crash.
A successful business is more than a system;
It is only as good as those who operate the system.
SEVEN TRAITS TO SUCCESS
PERSISTENCE AND DETERMINATION ALONE ARE OMNIPOTENT
Starting young is a great advantage.
A university education is not a limiting factor.
Persistence and an attitude of never giving up until a goal is achieved.
Your belief in the ability to succeed in spite of all the odds.
The ability to overcome any devastating setback in your career and
start again.
You must possess an obsessive idea, a dream and the energy to consummate
it.
The ability to be opportunistic, intuitive and adaptable to circumstances.
Professional investors tend to invest in proven systems
With people who know how to run those systems.
To be successful you need to overcome your fear of rejection;
Stop worrying what people think and say about you,
It's what you think about yourself that counts.
Working with people is the hardest thing and is the key in business.
The most successful people in business are the natural leaders.
A FRANCHISE system is a bridge to freedom.
Never be the person who buys the company stock,
Be the person who creates the stock that brokers sell and others buy.
True capitalists create investments for themselves and others
They use the talents and finances of other people to sell them to
the market
They do not need money
They have mastered the art of using other people's money and time
They create the investments other people buy
They create jobs and make things happen
They get rich in good times and they get even richer in economic chaos
They know that money is not a thing but an idea created in the head
They convert fear into knowledge and new wealth
Their game is the game of money making money.
If you want to be successful in business you must know the difference
between facts and opinions.
Never work for money as the driving ambition,
Learn to create systems and providing superlative service as a form
of wealth.
Do not let fear push aside your passion, keep the flame going in your
heart.
Passion builds business, not fear: Always remember what you set out
to do.
Keep the flame going, You can stop anytime. Why stop now?
Advances in new technology and products make it much easier;
Today you can acquire the necessary skills to building a system.
People who take risks and make mistakes always do better
Than those who learned not to make mistakes because of the fear of
risk.
To be financially free we must learn to manage mistakes and risk.
In finance I have seen people attempt to do too much with too little.
This can destroy a good idea and a good system.
Learn to dream big, think long term and develop slowly.
The business of business is not concerned with security and fairness
But with freedom and the love of the game.
The players will welcome you if you win and ask you your secrets.
If you play and lose they will gladly take all your money.
Do not complain or blame others if you fail.
This is the way the game is played. It's not always fair.
A worldwide study of wealth creators regardless of country showed
that they all possessed the same qualities:
- A long term vision and plan, an ability to delay gratification
- They use leveraging and compounding in their favour
- This evidence re-inforces the strategy of small steps in the process.
Do not diversify; get on to the financial fast track,
Become an expert at solving a certain type of problem.
Be prepared to be disappointed;
You will have the ability to turn that disappointment into an asset.
Disappointment can turn into a wall erected around you,
Instead of a foundation from which to grow taller.
There are so few rich people because so few people can tolerate
disappointment.
Instead of learning to manage disappointment they avoid it.
Disappointment is an essential part of learning.
We learn from our defeats and we gain character from our disappointments.
When we fail it is often not the idea that did not work,
It was that we allowed our disappointment to work harder.
We allowed impatience to turn to disappointment,
And then we allowed disappointment to defeat us.
Disappointment could be the result of not gaining immediate reward,
It may take years to see a positive cash flow generated.
We go into the game in the knowledge that success may take time;
The financial reward can be well worth the wait.
Th faster you want to get rich,
The more accurate the numbers must be.
The size of your success can be measured by the strength of your
desire, the size of your dream and how you handle disappointment.
Great passion builds great business.
If you desire great financial wealth quickly,
Take on great financial problems.
Your deeds are as important as your thoughts because your words are
the bridge from thoughts to actions.
If you undervalue what you do, the world will undervalue what you
are.
Thinking and ideas begin the journey that delivers you to your destiny.
Be prepared to act courageously to be rich for the rewards of richness
are great. Think beyond today into tomorrow. Do not focus on your
lack of resources but rather on what you can create with what you
have.
Great success in business can be built on democracy, profit sharing
and information.
Life is all about choices. When you cut away the junk every situation
is a choice.
You can choose how you react to a situation.
You can choose how people affect your mood.
You can choose to be in a good or a bad mood.
You can choose how you live life.
The spirit of self-help is the root of all genuine growth in the individual,
And exhibited in the lives of many it constitutes the true source
of national strength.
I believe in hard work, hard work and long hours of work.
Men do not break down from overwork but from worry and fear.
You may fail but you only become a failure when you blame someone
else.
The quality that is valuable above all others is self-discipline.
The progress of the human race has been a measure of the individual's
ability to gain control of himself.
Enthusiasm is the greatest asset in the world. It beats money, power
and influence.
The first recipe for happiness is to avoid living in the past.
A leader has two important characteristics. First he is on a mission
and going somewhere and second he is able to persuade other people
to follow him.
It is not what we read but what we remember that makes us learned.
It is not what we intend but what we do that makes us successful and
useful.
It is not faint wishes but a lifelong struggle that makes us valiant
and successful.
Success consists of a series of little daily victories.
We could accomplish more things if we did not think of them as
impossible.
To give real service you must add something which cannot be bought
or measured.
And that is sincerity, honesty and integrity.
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