Professional Documents
Culture Documents
)
2. What is important about it? (Values.)
3. How will I get it? (Methods.)
4. What is preventing me from having it? (Obstacles.)
5. How will I know I am successful? (Measurements.)
It is about creating the life you want, and part of that is deciding what
role you want money to play in it.
“Look for something you love to do and you do well. Go for it. It will give
you satisfaction in life. It could mean money, but it may not. It could mean
a lot of titles, but it may not. But it will give you satisfaction.”
1.
WELCOME TO THE JUNGLE: THE JOURNEY BEGINS
WITH THIS FIRST STEP
CHAPTER 1.1
IT’S YOUR MONEY! IT’S YOUR LIFE! TAKE CONTROL
At its core, money is about power.
You either use it, or it use you. You either master money, or, on some
level, money masters you.
As you will see in the pages to come, the best way to change your life
is to find people who’ve already achieved what you want and then
model their behaviour.
The truth is you can always find a way to make the money you need.
The secret of wealth is simple: Find a way to do more for others than
anyone else does. Become more valuable. Do more. Give more. Be
more. Serve more.
You have to make the shift from being a consumer in the economy to
becoming an owner –and you do it by becoming an investor.
You have to see things as they really are but not worse than they are
–that view of life only gives you the excuse to do nothing.
Success leaves clues. People who succeed at the highest level are not
lucky; they’re doing something differently than everyone else does.
One reason people succeed is that they have knowledge other people
don’t.
I didn’t buy the theory that this is just how life is. I found a way to
overcome my circumstances.
Ray Dalio
This is poker with the best poker players or earth.
What has been vey successful for me through my whole life is to not
be arrogant about knowing, but to embrace the fact that I have
weaknesses; that I don’t know a lot about this, that, and the other
thing. The more you learn, the more you realize you don’t know.
CHAPTER 1.1
If you are self-motivated, wow, this world is tailored for you. The
boundaries are all gone. But if you’re not self-motivated, this world will
be a challenge because the walls, ceilings and floors that protected
people are also disappearing. . . . There will be fewer limits, but also
fewer guarantees. Your specific contribution will define your specific
benefits much more. Just showing up will not cut it
…it illustrates what can happen when we neglect to consider the impact
of taxes in our financial planning.
When a decision is difficult and complicated… we have no ideat what
to do, we just stick with whatever is chosen for us.
If you know your limitations you can adapt and succeed. If you don´t
know them, you’re going to get hurt.
CHAPTER 1.3
Our paycheck alone –no matter how big –isn’t the answer.
Compound interest
the multiplying power of growth times growth.
Our earned income will never bridge the gap between where we are and
where we really want to be. Because earned income can never compare
to the power of compounding!
Have you ever noticed that no matter how much you earn, you find a way
to spend it?
You’re trading your time for money… it’s the worst trade you can make.
You can always get more money, but you can’t get more time.