Skip to main content

Overcoming Obstacles


The primary difference between a rich person and a poor person is how they manage fear.

Five main reasons why financial literate people may still not develop abundant asset columns
that could produce a large cash flow.
1.Fear
2.Cynicism
3.Laziness
4.Bad Habits
5.Arrogance

Overcoming Fear
"If you hate risk and worry, start early."

The greatest reason for lack of financial success was because most people played it too safe. "People are
so afraid of losing that they lose."

"Winning means being unafraid to lose."
For most people, the reason they don't win financially is because the pain of losing money is far greater than the joy
of being rich.

Failures inspire winnes. Failure defeats losers.

Overcoming Cynicism.

School has conditiond us to avoid mistakes and punishes students for making them. In the real world, I've learned that mistakes if acknowledged and evaluated and used
as a tool to make better decisions in the future are invaluable. A little fear can be a healthy thing, but we shouldn't live in fear of making mistakes. Mistakes are good things,
if we find the lesson in every failure.

Noise is created inside our heads or comes from outside, often from friends, family, co-workers, and the media.

Doubts and cynicism that keep most people poor and playing it safe. The real world is simply waiting for you to get rich.
Only a person's doubts keep them poor.

Cynics never win unchecked doubt and fear creates a cynic. Cynics criticize, and winners analyze.
Criticism blinded while analysis opened eyes. And finding what people miss is key to any success.

Overcoming Laziness
The most common form of laziness: Laziness by staying busy. So what is the cure for laziness? The answer is a little greed.

The words "I can't afford it shuts down your brain." "How can I afford it?" opens up possibilities, excitement, and dreams.

"I cant' afford it" also causes sadness, a helplessness that leads to despondency and often depression. "How can I afford it?"
creates a stronger mind and a dynamic spirit.

Without that little greed, the desire to have something better, progress is not made. Our world progresses because we all desire a better life.
New inventions are made because we desire something better. So whenever you find yourself avoiding something you know you should be doing. Then the only thing you
ask yourself is, "What's in it for me?" Be a little greedy. It's the best cure for laziness.

Do what you feel in your heart to be right for you'll be criticized anyway.
You'll be damned if you do it and if you don't -Eleanor Roosevelt

Overcoming Bad Habits

Our lives are reflection of our habits more than our education

If I pay myself first, I get financially stronger, mentally and fiscally.
Why? because if i don't have something to give them i will find ways to provide. I will find ways for my pay not get deducted
And if I pay myself last, or not at all, I get weaker. So people like bosses, managers, tax collectors, and landlords push me around all my life just because I
don't have good money habits.

Overcoming Arrogance
"What I know makes me money. What I don't know loses me money. Everytime I have been arrogant, I have lost money. Because when I'm arrogant, I trully believe that what I don't know is not important."

When you know you are ignorant in a subject, start educating yourself by finding an expert in the field or a book on the subject.
Ignorance isn't a bad thing, if you react to your own ignorance by educating yourself by finding an expert in field

Comments

Post a Comment

Popular posts from this blog

Maximizing Your Profits with Scoring

SETTING YOUR MAXIMUM INTRADAY TRADING LOSS First things first: set a max intraday trading loss. There will be days when you just do not have it. Why do you think coaches pull their players when they are not playing well? They are more harmful on the field than off. When you are underperforming, you are hurting your team and your trading business. You need a system to yank yourself over to the bench. A stop loss is your answer. TRADING BASED UPON THE TIME OF DAY A good trader makes note of what time of day it is, when he trades most profitably, and adjusts his trading to fit such times. Your numbers at the end of the month will not reflect your true trading potential. Make the most trades with the most size during the trading periods that statistically are most profitable for you. Money saved during your weaker trading periods is money earned. Consistency The fact is that most trades you make will start working for you right away. But the new traders also hold stocks that are trading ag...
Post a Comment
Read more

So what is your money blueprint set for?

Are you programmed for managing your money well or mismanaging it? Are you a spender or a saver ? Wealth principle: The only way to permanently change the temperature in the room is to reset the thermostat. In the same way, the only way to change your level of financial success "permanently" is to reset your financial thermostat. You can become an expert in real estate or the stock market. All of these are tremendous "tools." But in the end, without an inner "tool-box" that is big enough and strong enough for you to create and hold on to large amounts of money, all the tools in the world will be useless to you. Your income can grow only to the extent that you do. Remember that the first element of all change is awareness.Watch yourself, become conscious, observe your thoughts, your fears, your beliefs, your habits, your actions, and even your inactions. Put yourself under a microscope. Study yourself. Wealth principle: Consciousness is observin...
Post a Comment
Read more

Wealth File #4 Rich people think big. Poor people think small

Wealth principle: The law of Income: You will be paid in direct proportion to the value you deliver according to the marketplace. The keyword is value. It's important to know that four factors determine your value in the marketplace: supply,demand,quality and quantity. The factor that presents the biggest challenge for most people is the quantity. The quantity factor simply means, how much of your value do you actually deliver to the marketplace? Another way of stating this is, how many people do you actually serve or affect? Most people choose to play small. Why? First, because of fear. They're scared to death of failure and they're even more frightened of success. Second, people play small because they feel small. They feel unworthy. They don't feel they're good enough or important enough to make a real difference in people's lives. But hear this: your life is not just about you. It's also about contributing to others. It's about living true...
Post a Comment
Read more