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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