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Showing posts from November, 2019

Buy when everyone else is selling.

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“Buy when everyone else is selling and hold until everyone else is buying. That's not just a catchy slogan. It's the very essence of successful investing.”-J. Paul Getty Leverage is power when a customer needs something urgently from a supplier it increases its value. Leverage is a general term for any technique to multiply gains and losses. When a person buys a product when it is readily available and holds on to it until it is difficult to get it he can multiply his profits because people will raise their money to buy it cause they need it and it is hard to find it anymore. When a person applies the concept and power of leverage a lot more can be achieved in their life and business. The essence of successful investing is gain in profit therefore if a person invests his money on something that is losing its value that makes it a bad investment. The essence of successful investing is to have leverage over something that is valuable.

Formal education will make you a living.

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“Formal education will make you a living; self-education will make you a fortune.”-Jim Rohn Formal education will make you living by getting you a job while self-education will make you a fortune since it teaches a person to harbor their skill. When a person is gifted in doing something it will make room for him in the world since when a person can see any truly competent workers? They will serve kings rather than working for ordinary people. Employment will allow a person to work in the office place and get paid at the end of the month but it doesn't educate people on how to improve themselves. Therefore it is better to have self-education because your gift will take you where you have never imagined and practicing it makes you skillful.

Benefits of having a permanent income.

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“It is better to have a permanent income than to be fascinating.”-Oscar Wilde Having a permanent income helps a person a variety of ways like A person has employee rights since he is required to work a set number of hours per week to be counted as a worker in the workplace. A person can develop career opportunities in this case a person gets the opportunity to improve himself and also sharpen and refine his skills by training. A person is more easily able to follow a career path since he can identify where he is in life and where he wants to be in the future, therefore, they can get more promotional opportunities that are available.   A person has job security this implies an employee will have long term job security, therefore, giving an employee a piece of mind makes it easier to plan. A person has income security it gives a person the ability to plan and use his money effectively since nothing is hindering them from receiving their monthly income. A person can work instea

For the lips of an immoral woman drip honey.

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My son, pay attention to my wisdom; Lend your ear to my understanding, That you may preserve discretion, And your lips may keep knowledge. For the lips of an immoral woman drip honey, And her mouth  is  smoother than oil; But in the end she is bitter as wormwood, Sharp as a two-edged sword. Her feet go down to death, Her steps lay hold of hell. Lest you ponder  her  path of life— Her ways are unstable; You do not know  them. Therefore hear me now,  my  children, And do not depart from the words of my mouth. Remove your way far from her, And do not go near the door of her house, Lest you give your honor to others, And your years to the cruel  one; Lest aliens be filled with your wealth, And your labors  go  to the house of a foreigner; And you mourn at last, When your flesh and your body are consumed, And say: “How I have hated instruction, And my heart despised correction! I have not obeyed the voice of my teachers, Nor inclined my ear to those who instructed me! I was on the

Don’t tell me where your priorities are.

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“Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.”-James W. Frick Actions speak louder than words. Where a person puts his focus on energy flows and money is a form of energy and where the focus is set money will follow. Time is the most valuable thing every person has in this world and where a person’s time is consumed by is where he is focused on and a person will be invested in whatever they’re focused on therefore for a person to evaluate someone’s priorities they will look for where their money is invested in. Money helps people to able to run their lives since a person can exchange money for goods and a person can buy anything they wish if they have money. Money can’t buy everything but it is used to estimate a person’s financial status. Money is a good servant but a bad master and therefore money should not ruin a person’s life where they can compromise their values, beliefs, and standards just to get money but r

You can only become truly accomplished at something you love.

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“You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people can’t take their eyes off you.”-Maya Angelou A person can only be accomplished at something they love therefore if a person has intense feelings of achieving something they will not easily give up on it since they will do whatever that is needed to be done to accomplish the task cause they are invested emotionally. A wise person should not make money to be his goal but he should pursue the things they love doing cause when once a person becomes skilled in what they do they will serve before kings; they will not serve before officials of low rank. When a person becomes highly skilled in what they do it will attract peoples attention and therefore getting them not to take their eyes off you and in this way you will know that you are in the pathway of success and that you are doing something great.

Know what you own.

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“Know what you own, and know why you own it.”-Peter Lynch Knowing what you own will benefit a person in terms of how they relate with people and this helps in building relationships because people know what to expect from you in the area of your specialty. If a person knows what they own they can easily know what they need so as to be more productive since most people are bombarded with a lot of distraction and knowing what a person owns gives him the capability to say no to what he thinks it is a distraction and say yes easily to what they know they want. If a person has knowledge on what they own and why they own it this gives them the capability to deliver better results because they are able to manage what they have and once a person can be trusted with the little they have people will begin to trust them with much more than they have. A customer makes decisions with their money and they exchange their money with a business expecting value for their money and business provide

A simple fact that is hard to learn.

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“A simple fact that is hard to learn is that the time to save money is when you have some.”-Joe Moore A simple fact that is hard to learn is when you have some money we put good advice in our pocket but when a person is in a troublesome time they put good advice in their heart and most people come to learn about the value of saving when their money starts diminishing. "There is desirable treasure, and oil in the dwelling of the wise, but a foolish man squanders it all” -Proverbs 21:20. The wise learns how to take care of their wealth and how to keep it since a foolish man squanders it all. A wise person learns not to squander his wealth but to save money when they have some and this simple fact of saving is put to practice cause when a person saves money it will save him later.

Money is multiplied in practical value.

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“Money is multiplied in practical value depending on the number of W’s you control in your life: what you do, when you do it, where you do it, and with whom you do it.”-Tim Ferriss The 5 W's are when, where, what, why and who plays a major role in how money is multiplied in practical value since it depends on the number of W's a person controls in their life. If a person has control over what they do, when they do it, where they do it and with whom they do it they are sure to multiply their money since they are in control of what they do therefore giving them the power to influence their circumstances however they want. A person needs to take control over the 5 W's to increase the value they have in their business since value attracts money and if a person can increase their value in return money will do the same.

Money never made a man happy yet, nor will it.

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“Money never made a man happy yet, nor will it. There is nothing in its nature to produce happiness. The more a man has, the more he wants. Instead of filling a vacuum, it makes one.”-Benjamin Franklin Happiness is the sense of a person being well, contented and joyful. When people are achievers, safe or blessed they feel happiness. All of mankind is in the pursuit of happiness and different people feel happy for different reasons. People like doing more of what makes them happy since no one ever complained of feeling too much happiness. People who pursue money thinking that it will bring happiness to them come to be shocked later on since the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs. Therefore money will never make man happy. There is nothing in its nature to produce happiness since money is just paper printed with symbols and initials and it is not valuable until it starts mo