Here is your first tip on Financial Mastery:
Below are some phrases mentioned by Donald Trump, Warren Buffet, T Harv Eker, Dr John DeMartini……
#1: ‘…until you can manage emotion, don’t expect to manage money.’
#2: ‘…it is not how much you earn, it is how much you save and how much you spend.’
#3: ‘..poor people talk about income, rich people talk about networth.’
#4: ‘…everyday, I read the financial section of the newspaper to learn.’
I’ll let you guess who says what.
The phrases are short but extremely powerful. And these are statements from billionaires and millionaires.
For me, playing the stock market or stock options for two years weren’t successful. And it is due to reason #1.
Nine years ago, I used to earn a five figure salary every month. Yet I am not rich. The reason is due to #2.
#3 talks about your assets minus your liability. A house under mortgage should be regarded as a liability because if you sell your house, you still need to find a place to stay.#3 has caused me to raise my standards to earn more money in order to strive for positive networth.
#4 is mentioned by a billionaire. It simply means that we need to continuously learn in order to excel in anything we do.
Internalise the statements and be constantly aware about them for the next one week and see if your thinking starts to shift.
by Wahoo, on October 7 2007 @ 12:53 am
Thank you for sharing!