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Wealth Building: Let The Wealth Building Secrets Of J. Paul Getty Inspire You To Great Achievement
One of the shortcuts to creating wealth is to learn from those who have achieved great wealth. The late John Paul Getty is known as one of the greatest wealth builders in American history. He was kind enough to distill his wealth building rules for anyone who desires to amass wealth like him to follow. Do you want to be fabulously rich? Then learn from the master wealth creator himself, and follow in his footsteps: Rule No. 1: To acquire wealth today, you must be in your own business. You may think that the corporate executive with a $100,000 salary is better off than small shop owner, but the executive will be hard-pressed to double his income and taxes will eat up most of any increase. The simplest peanut vendor has unlimited opportunity to expand his business and his income, and even salesmen, who in most cases are able to write their own paychecks, can control his sale increases himself. Rule No. 2. You must have a working knowledge of the business when you start and continue to increase your knowledge of it as you go along. If you don't know what you are doing when you start, your mistakes will be costly and often unnecessary, and you won't be able to keep up with the technological explosions in any field. Start smart and stay that way. Rule No. 3. You must save money in your personal life and in your business venture as well. Discipline is the key to saving money. You must develop the will power to deny yourself immediate gratification or the temptation to gamble on the quick buck. Resources will be needed for expansion and should be guarded carefully. Rule No. 4. You must take risks, both with your own money or with borrowed money. Risk-taking is essential to business growth. Nelson Bunker Hunt is admired for his guts in trying to corner the silver market, not scorned for losing money on this deal. Some of the richest men have staked their entire fortunes and lost, several times over, before the risk-taking paid off. Back those risks with good judgment, experience, commitment, And the right support. Seek advice on risks from the wealthy who still take risks, not friends who dare nothing more than a football bet. Rule No. 5. You must not only learn to live with tension, you must seek it out. Thrive on stress! If it means getting physically fit, having a psychiatric overall or losing 50 pounds before you can handle it, do it. Once you can learn to thrive on stress, you will not only enjoy it, you will seek it out willingly and enthusiastically and wonder how you could live any other way. Men of means look at making money as a game which they love to play. Consider it serious business and you will suffer far more stress than you need or want. Keep your perspective or your stress level will rocket beyond your control. Rule No. 6. Build wealth as a by-product of your business success. If wealth is your only object in business, you will probably fail. Wealth is only a benefit of the game. If you win, the money will be there. If you lose, and you will from time to time if you play long and hard enough, it must have been fun or it was not worth it. Rule No. 7. Patience. This is the greatest business asset. Wait for the right time to make your moves. Let your business grow naturally, not by pressing your luck. Rules No. 8. Diversify at the top. Once you've made it, you'll understand that any business is limited in the challenges it offers. You'll want and need other games to play, so you'll look for other ventures to hold your interest. May these words of wisdom from Mr. Getty inspire you to build fabulous wealth and reach the stars. Warmly, Ikey- Benney, CEO I-key, a Millionaire CEO from New York City is the creator of "Mscsrrr: Millionaire Secret Cash System", (online currency trading), program which has helped thousands of ordinary people from all over the world to attain financial security and shining success during the past 2 yrs. Mscsrrr Millionaire Secret Cash System helps you to generate $1,500+/Week for life, from home or office, part time or full time. No large investment or hassles. Win $1000-$2000 free "cash"?
Motivation - Google News |
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Business Management Whats Stopping You? We're all familiar with the cycle: Words that Inspire: PASSION What is your PASSION? The Seven Keys to Motivation Motivation. It's a complicated subject that is studied by many and understood by few. Virtually every aspect of human life -- from the mundane to the life-changing -- is guided, swayed and altered by motivating factors. Motivation and Change: Creating Your Daily Success Program I get some of my best ideas for my column from my clients. Dont Get Hysterical About The Historical The tension was palpable in the room as I began the first marital counseling session ever for the couple who had passed their 50th anniversary several years before. After a few pleasantries designed to put them more at ease, I invited, "Tell me about what brought you here." Courage and Fear Mark Twain once said, "Courage is resistance to fear, mastery of fear not absence of fear." Nothing Ever Stays The Same Nothing ever stays the same. On the one hand we despise change yet on the other we don't want to stagnate and become boring. Yet our habits keep us locked into a course of action day after day, year after year. The way we think, the way we behave, the way we experience things, the way we react to incidents, all are dominated by our habits. They are so strong that most of do not even know what they are. Whatever our habits are they keep us fixed in a particular perspective or behaviour. They stop us reaching our potential. Stop Holding Yourself Back Try this exercise. Take a sheet of paper and list down all the emotions you can think of? Take a couple of minutes and if possible, keep writing for as long as you can? Come on, do it. I'll still be here when you get back. When Do You Enjoy Things the Most? It's a very strange concept. When you are in a place for a very long time, you don't really enjoy it. In fact, you might actually start to complain about it. However, when you are about to leave that place, you finally see something beautiful in the place and you actually enjoy your last 2 months there. You see the most that you can and you've never noticed them before. 6 Simple Steps To Accelerating your Learning What is Accelerated learning? Overcome Fear: You?ll Miss All The Shots You Don't Take A lot of folks are petrified at the mere thought of making an attempt. They believe they will not make it. They believe they don't have what it takes to make it, hence there was no point trying. How To Be Motivated Without A Motivator Many professionals spend their entire careers working under managers or supervisors that don't truly understand the importance of motivation. This lack of understanding results in one of two things: 1) Low performance and productivity of the organization and staff or 2) Self-motivation of the professional, which results in high performance, satisfaction, and productivity. If you are in the low performance category then you know how difficult it is to reach your potential without someone motivating you. What you need to begin doing is motivating yourself. 5 Great Ways To Overcome Procrastination At Home If you procrastinate at home you may suffer some consequences from disgruntled family members who have to carry your share of the workload. Are You Lost or Are You Found? It was one of those nights where the clock wasn't in sync with my schedule. As I was finishing getting ready to go out for the evening, the clock was telling me I should already be there. Maybe you've experienced them - those time warps where great chunks disappear and no one lets you in on the secret until it's too late. The Lies We Live By How many times have you lied to get your way? Full Steam Ahead, Just Dont Go Off Half Cocked! Do you do things that you don't want to do? Do you not do things that you do want to do? Do you find every reason in the book to delay what needs to be done? Would you like to know the secret of getting things done? Then hang on tight, cause this buds for you. Motivation: The Power of Action, Part 1 I've heard it said that 85% of success is showing up. While that's true, in the words of radio commentator Paul Harvey, here's the rest of the story. Practical Ways To Motivate Yourself To Learn A Skill One way to motivate yourself to work hard at anything is to risk wasting your money if you fail to put in the necessary effort. The Best Day Of My Life Today, when I awoke, I suddenly realized that this is the best day of my life, ever! Ill Put My Money On The Kid! Now, the Fun Part. It is nigh time to find a way to take all the buck out of this bucking bronco we call the internet. I mean take all the gamble out of it!! This bronco is waiting to hand over to you all the true riches of life.........and obtain whatever you want... money, health, love, recognition, prestige. But, you gotta know something critical!
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