One of the basic formulas of achieving great wealth is this step-by-step process. If you’ve studied the lives of successful entrepreneurs or investors, you’ll likely find a similar pattern or process there. Warren Buffett also uses a similar process when deciding which company to acquire. However, there is a different point in Buffett’s case. Buffet uses analysis instead of creativity. Warren Buffett’s genius analyzes a business and sees its current and future value. Therefore, whenever he acquires a business, he rarely sells it.
Many investors nowadays buy any asset just to sell. They want to buy at low prices and sell at high prices. They invest to earn capital income. In the stock exchange, these types of investors are known as short-term traders. In the real estate market, when a person constantly buys and sells, he is known as a hand changer.
The formula above may seem easy, but it is not easy to make it a reality. Most people do not attempt to follow the process indicated by the formula because they are unaware of its existence. Most people have no idea how some millionaires can gradually increase their wealth.
Some people who knew the formula tried to apply it and failed. Some of them were rich at first but later left broke. The formula has left them alone for the rest of their lives for some reason.
And for some people, this formula has become their life. This formula is their game. It always requires a challenge. It’s their fun, it’s their excitement. Applying the formula can almost be the purpose of their life. Usually these people are the ones who earn nine tenths of the money.
This post is about the decisive moments in one’s life when she makes decisions that will change her life. We all experience moments like this. These are the moments when we discover our characters. We become heroes or cowards; we become honest ones or liars; we either go forward or backward.
I want to show you DMD:
Some people have desire. However, if someone has the desire to get rich but lacks motivation, discipline, or both, he cannot gain wealth.
Here is PAS:
Some people are passionate but never develop their skills. This is because they often have a negative attitude.
There are people who are well educated but lack experience. Because of their lack of experience, they may not perform well, get things done on time, and achieve results.
Lastly, my favorite one, MHSH:
Sense of humor
Some people seem successful, but they have reached their position in dishonorable ways. Some people are successful but don’t even know what modesty is. Some people lack a sense of humor that they cannot laugh at themselves. Some people are also very successful, but they are also very unhappy.
These factors have enabled rich people to become successful businessmen and continue their lives that way. I say “continue” because as I have emphasized many times, the trick is not to get rich, but to maintain it.
Think of your own life. What are your feelings and attitudes? Do they help you succeed? Or are they stopping you from doing something? Be honest with yourself. Honesty brings clarity, and clarity brings the opportunity for change. By starting to see your life more clearly, you can reach another decisive moment where you will take control over your own life.
You may also want to read:
- TEN CHARACTERISTICS OF LEADERS AND SUCCESSFUL INVESTORS
- THE KEY TO BEING A SUCCESSFUL INVESTOR
- MAKE YOUR INVESTMENTS TO EARN
- YOU NEED TO KNOW THESE TO GET RICH
- THE FIRST RULE OF GETTING RICH
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