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Chapter 34

Seek And Ye Shall Find

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Today's Empowering Quote
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"The people who get on in this world are the people who get up and look for the circumstances they want, and, if they can't find them, make them."
-George Bernard Shaw

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Today's Empowering Question
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"How good am I going to feel when I (reach some outcome)?"

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Today's Fast Session
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I just had a conversation with someone I've known my whole life.  This man lost over $150,000 in the stock market in the last 20 months.  He just kept watching it go down, down, down.  Of course, he's been listening to a small town broker who doesn't know much.

It just breaks my heart to have watched this, because it was so avoidable.  There is so much information in the world right at our fingertips that it's simply shocking to me that anyone would continue to blindly trust someone without getting more education on investing.

As people living in the 21st century, we've lost all excuses to getting beaten like that in most areas of life.

I mean if you want to lose weight, gain weight, stop a rotten habit, find your love, help your kids get better grades, be a great parent, make more money, etc., etc., etc. the How-To is out there.  But you have to find it and then DO something.

When I had so screwed up my life that I was living in a vehicle, no one was betting on me to make it to my next birthday, let alone reach the top of the mountain.  But it was by using the wealth of information that's available to us all that helped me salvage my life from certain destruction and put me on the right path.

Now I'd been imploring and begging this guy for the last 32 months to subscribe to investment journals and newsletters.  Nope.  Things were going just fine.  Didn't need it.  Market is going to turn around any time.  Now he's scared to put money into anything.  That's what a lack of knowledge and fear will do to you.

It didn't take a genius to make money in the market for quite a long time.  So after being lulled to sleep by the good times, he knows absolutely nothing more about successful investing than he did 10 years ago.

And investing is just one of many broad areas of life where you can easily succeed or fail based on just one more (or one less) bit of information.

Of course you still have to act on your knowledge.  Because when it comes to the important decisions in life, motivation and belief aren't always enough.  You must know what you're doing.  There is no substitute for a good well drawn out plan based on solid principles.

Back to investing for a moment.  Why doesn't Warren Buffett, the world's greatest investor, invest in high tech and internet stocks?  Because as a whole, they don't have a long enough track record to have proven to be able to perform in many different economic environments.  Hey, I worked for a large, well-funded "dot com" that doesn't exist anymore!

The bottom line is this...

If you want to learn something, you've got to learn it from the people who KNOW what you want to learn.

Don't cry about your relationships to people who have been married and divorced four times.  Don't ask your next-door neighbor about their favorite stock.  And don't take weight loss advice from someone who is 50 pounds overweight.

When I wanted to build my book business, for example, I called people from all over the country who had similar businesses.  I called my largest supplier and asked them who their top distributors were.  I then called about 20 of them.  I picked their brains about everything I could possibly think of.  This was a never-ending process for about 15 months.

And in less than 12 months, I had built the largest business of its kind in the world.  Not because I'm so smart... but because I found out where the knowledge was and systematically proceeded to hunt it down.

Was it a lot of work?  Whew!!  But I don't regret it for a moment.  It was part of the process of developing myself into the person I wanted to become.

It wasn't just a way to make money.  The money is long gone.  But the knowledge, the self-confidence and the incredible belief in my abilities stay with me even today. It's part of the foundation of who I am now.

It reminds me of what a body builder I used to work out with a number of years ago said about his methods and dedication to working out.  He was not just big... he was perfectly proportioned as well.

He said, "I get to carry my trophy around with me forever."

Learn what you need to know to get what you want.  It's the surest, fastest way.  Then go about using what you've learned and YOU'LL get to carry YOUR trophy around with YOU forever, too.

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Today's Winning Beliefs
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-- I'm growing & developing with each new day's experiences
-- I'm using my knowledge to help myself and others
-- My confidence in my abilities is growing daily now
-- When I need to know something, I get the knowledge
-- I stay current in the areas that are important to me
-- I'm worth the effort to build my skills and knowledge
-- I'm my own best friend and I act like it

 

 

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