Key To Being a Successful Investor

One tenth of the people in the world own nine tenths of the total assets. If we are not careful, this ratio can reach 95/05 and even 99/01 in a very short time. In other words, 1% of people can own 99% of wealth.

“Ah, but a man's reach should exceed his grasp,
Or what's a heaven for?”

Robert Browning

It is our dreams that keep us moving forward. If your reality starts with your dreams, I am happy to say that your dreams will become your reality.

Why so? Because if we didn’t have dreams, we would be living just to survive. I don’t believe that most people’s goal is just to survive. Have you ever heard any teenager say that he hopes to be a stray bum? Usually they say things like: “I want to be president.” “I want to be an astronaut.” “I want to be a fireman.” “I want to be a doctor or an engineer.” These are professions that require effort and sometimes heroism, and young people have dreams and aspirations for these professions.

Winners are always young in spirit. They set high goals and have plans and enthusiasm to achieve what they aim for. They may have crazy dreams, but that’s better than not having them. Then they focus on whatever is necessary to achieve these dreams and make an effort in this direction.

Being stubborn is an important part of being a winner. Some people fail because they give up too soon. When I was little, my uncle always told us the story of a man who loved soda and therefore got into the soda business by creating a product called 3UP. It had failed. Therefore, he started to work again and this time came to the market with a soda called 4UP. This product had also failed. So he named his product 5UP and this time he did whatever it took to be successful, but as you can imagine, it failed again. Realizing that he still liked soda, he made another trial and named his new product 6UP. When this product failed, he completely gave up on this business.

A few years later, someone else produced a new soda and named it 7UP, which was a huge success. When I was young, I could not understand why my uncle kept telling this story. He has told us the same story many times. Later I realized that he actually wanted to tell us not to give up. I never forgot this story and never gave up. His story was very accurate. Tell yourself this story if you need it, and see your inner winning side come into play.

The other component of winning is simply having a winning attitude. I tell people to see themselves as victorious. Positive thinking helps. It is a great power. Winning requires you to have that kind of power. Power means durability. Being positive gives you the strength to deal with extremely difficult situations.

Are you stubborn enough to win? Then you can invest to make money! This is not a foreign region, and you don’t need a passport or visa to enter the winning investor class. I have heard many people say “I am too stubborn” when talking about themselves. But then they pretend they don’t have what it takes to invest! They even talk in such a way that you think they don’t have the right to learn about investment. They’re just missing out on a great pastime and also a better financial future.

Ignorance can cost a lot more than education, and this certainly applies to your financial education. Don’t let the fear of the unknown hamper your aspirations and financial well-being. There are people who would like to take advantage of you. As an example of this, I have seen such situations happen to successful athletes. While they had millions during their sports career, they lose all their assets within 10 years of retirement. Do not let such a thing happen on your own. Learn about money and use what you’ve learned in a way that works for you. This is the first and most important key to a successful investment.

Don’t know where to start investing? I suggest you read my THE FIRST RULE OF GETTING RICH post.

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A Motivation Post for Those Who Want to Get Rich

Everyone has financial problems. If you want to get rich, you have to solve problems. Identifying the problem creates the opportunity to reach a solution.

Each generation has and will have a unique set of financial problems. The challenges faced by my generation of parents were the global economic crisis and the oil shock. Their solution to these problems was going to school, finding a safe and good job, retiring at the age of 65, and spending the rest of their lives watching sports. For the vast majority of my parents’ generation, getting a good education and getting a good job was enough to survive financially.

Our generation is faced with a different set of financial problems. A good university education and a good job are not enough today. Exporting jobs overseas also makes the problem even more intricate.

The next generation, Generation Z, will have different financial problems that it will have to deal with. If our generation fails to clear the mess that the generation before ourselves left us, the complexity that the generation Z has to deal with will be much greater. Generation Z will have to deal not only with their own financial problems, but also with the problems they inherited or even inherited to their parents.

The growing scale of this problem, currently worth trillions of dollars, is daunting. Simply handing this problem over to the next generation will only make the problem bigger and more complex. As financial problems become bigger and more complex, the financial IQ we will need to solve them has to be higher. We will need all of our brainpower to solve this problem.

My suggestion to you is to overcome the storms in today’s financial world with proper financial education and planning. Find ways to solve problems and get richer with this training.

One thing we should all bear in mind is that a little effort is the best substitute for excuses. If we all make some effort to understand what is happening around us; If we can think with a superior, caring mentality, a more enlightened and correct way of thinking will emerge. While defining intelligence, problem solving skills are mentioned. This is possible with education. Just as there is no understanding, there is hate, if there is no education, there is fear.

Ignorance may be easier, but it often comes out of fear. Reduce your fears and trigger your courage.

This is an amazing power of energy if you have the determination to move forward quickly. And when you focus on the right thing, your chances of success are very high. I have always liked this statement of Alexander Graham Bell: “Concentrate all your thoughts upon the work at hand. The sun’s rays do not burn until brought to a focus.”. If you can control your energy then you will have a good opportunity to create and control your own level of wealth.

Problem solving will also become a lot easier if you think they are a challenge. Problems are part of life. It is inevitable that a positive approach to problems will give you more energy. Trust is a big step on the road to courage, and fear will evaporate when confronted with confidence.

At the beginning of the post I said that a problem can create an opportunity. If you start seeing your problems from such a perspective, I can also assure you that you will be on the way to solving them.

Like everyone else, I know that problems can be complex and sometimes seem like never ending. However, I would like to encourage you to see them as an opportunity to challenge you to great success. Just remember that reaching nothingness is easy… But who wants to reach nothingness? You can achieve great things with your financial intelligence.

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The Two Most Important Skills to Increase Your Income

Whenever I talk to someone who wants to make more money, I always tell them the same thing: You have to think about your life in the long term. Instead of just working to earn money and secure their future, which is undeniably important, I tell them to find a second job that will allow them to learn a second skill. If what they want is to train themselves in sales, I often recommend them to work in a large networked marketing company, namely in the multi-level marketing field. Some such companies offer unique training programs to help people overcome the fear of disgrace and rejection, which is the primary reason people fail.

In the long run, education is worth more than money.

The reaction of those is usually, “Oh, but this is a lot of trouble.”. I ask them: So, is it better to give half of your lifetime earnings to the government?

And some of them say, “All I want is to do the job that interests me.”. I tell these people that I’m not interested in going to the gym, but I do, because I want to feel good and live longer.

There is unfortunately some truth to the saying, “You can’t teach an old dog new tricks”. If the person is not used to change, it is difficult for him to change.

Some people make excuses if you talk about trying to learn something new. They don’t like to struggle. However, life is like going to the gym. Everything gets easier once you walk through the door. I get lazy to go to the gym many times. But after I get there and start exercising, I enjoy it. Finally, I leave the gym thinking that I am glad I came.

Rather than specialize in something, diversify your abilities. Know little about a lot. And always try to work with people who are smarter than you.

How many of us can make burgers better than McDonald’s? I guess everyone would say they could do better. So, if we know how to make better burgers, how come McDonald’s make more money than us?

The answer is obvious: McDonald’s is excellent in business. The reason so many talented people are poor is that they give all their attention to making burgers and not to establish a business order.

The world is full of talented poor people. They either struggle with financial difficulties or earn less than they deserve. Because they focus on making better burgers rather than improving their burger selling and serving skills. McDonald’s doesn’t make the best burgers in the world. However, no one gets even close to McDonald’s when it comes to selling and serving an ordinary hamburger.

Do not let your field of expertise trap you.

I know teachers who make hundreds of thousands of dollars a year. The reason they earn so much is because they have skills other than skills in their field. Apart from teaching, they also know about sales and marketing. In my opinion, there is no more important skill than sales and marketing. Acquiring sales and marketing skills is the nightmare of many people who are afraid of rejection. The more successful they are to communicate, negotiate and overcome their fear of rejection, the easier sales and marketing will be for them.

Specialization has both advantages and disadvantages. I have friends of genius, but they are incapable of communicating properly with others, and as a result, their income is very low. If they take the time to learn how to sell, their communication skills will improve even if they don’t make any money in the process. This is invaluable.

We need to be good teachers as well as good students, salesmen, and marketers. In order to be really rich, we must know whether to give or receive.

The poor always say: “If I had some extra money, I would donate it.”. They work harder to earn more money. But they ignore the most important rule of money: “If you give it, you get it.“. They think the rule is, “If you get it, you give it.”.

Are you interested? I think you should also read WHY YOU NEED TO INCREASE YOUR FINANCIAL IQ.

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