Financial Wealth- Produce
for wealth creation and accumulation.
- Invest profits for wealth
preservation and growth.
- Produce more than you consume
- Save a
minimum of 20% of all earnings.
- Pay yourself first.
- Rewards are rare without risks, but take only carefully calculated risks.
- Make sure the odds are on your side.
- Put the magic power of compound interest to work with every available dollar.
- Protect your downside. The upside will take care of itself.
- Cut your
losses short -- and let your profits run. This takes tremendous
discipline.
- If
the situation is not right in the long term, walk away from it.
- Maintain a long term outlook in all endeavors.
- Invest only after strict and complete due diligence.
- Don’t allow
yourself to be rushed.
- Make important decisions carefully, consider your
gut feelings… then pull the trigger.
| Personal Wealth
- You’re
successful when you like who and what you are.
- Success includes
achievement… while choosing and directing your own activities.
- Enjoy intimate relationships and love what you do in life.
- The
best investment you will ever make is your steady increase of
knowledge.
- Invest in yourself. Thirty minutes of study per day
eventually makes you an expert in any subject – but only if you apply
that knowledge.
- Study alone is no substitute for experience. Education
is always painfully slow.
- For each important action you take, ask yourself if you would be
embarrassed if it were published.
- It takes a lifetime of effort to build
a good reputation but only a moment of stupidity to destroy it.
- You are exactly what you believe and think about all day long.
- Constantly monitor your thoughts.
- Live like you don’t have
much time left… but plan as if you’ll live for centuries.
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