“I don’t have your attitude,” Jeff said to me. “I just don’t have the mindset of someone who can make a lot of money.”
“Do you want to make a lot of money?” I asked him.
“That’s the sad thing,” he said, smiling wryly. “I do.”
I watched in horror as my 11-year-old daughter Hannah plunged 150 feet down Cheakamus Canyon toward the river raging below.
My wife Karen and I had both tried to talk her out of it. But she wouldn’t be dissuaded.
She wanted to jump.
Of course, she was attached to a bungee cord, one that “exceeded Australian specifications” (whatever [...]
I was returning from a flight to Florida’s West Coast. I was five miles out of Orlando Executive (my home airport), and winds were only 5 to 7 knots. But they were coming at an angle that was going to make landing difficult for the runway air traffic control had assigned.
I felt confident I could [...]
Wealthy people have a secret that makes it easy for them to dramatically increase their income. You instinctively know this secret… and are probably even using it without realizing it.
What is it? Leverage.
When people order in pizza for dinner, they are leveraging the resources of a local pizza place – its staff and [...]
Carlos, one of my Jiu Jitsu instructors, is living the American dream. He came to this country to compete in mixed martial arts and earn his fortune as a champion fighter. While building a stellar win-loss record, he lived on club sponsorship and fees for giving lessons. For the first three years of his time [...]
Imagine this scenario… You wake up in the morning with a great moneymaking idea. All you need is a website and some traffic and you’re onto a surefire winner.
One of the most interesting things I learned from the individuals I knew who became billionaires is that they considered every dollar to be valuable. Money was a means to advance their goals - in particular, the goal to become wealthy. And you don’t become wealthy by being careless with any amount of money.
I recently read in a biography of Milton Hershey that he believed his business was recession-proof and depression-proof because he sold an affordable product. He reasoned that, even if a person couldn’t afford new shoes or a new car or a vacation, they could always afford a nickel for a Hershey’s chocolate bar. (That was the price in those days.)
In his thoroughly entertaining book The Prime Movers, Edwin A. Locke gives this example of the way entrepreneurs think:
An average person observes evergreens growing along the roadside and thinks that they look pretty, especially when partly covered with snow. At this point, his thinking stops. An entrepreneur observes the same trees and thinks, “These trees [...]
Why do some people retire rich and most people retire poor? This question has fascinated philosophers, mystics, and teachers throughout the ages. There have been so many men and women - hundreds or thousands, maybe even millions - who started with nothing and became financially independent that people are naturally curious to know why it happened and if there are common rules or principles that others can apply to become wealthy as well.
By Michael Masterson | Thu, Oct 22, 2009
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