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Intelligents or emotions
By admin | July 1, 2009
In a 4 days Seminar, I found one speaker’s content and context to be of value to me for self development
Robert Kiyosaki’s Rich Dad & Mentor is Keith Cunningham! He talked about how successful people like Warren Buffet stay focus on the Rules of the Game.
I am going to summarise it and share what I got out of it. This is my perception.
Making money is a different story from keeping it. How true for me too. When I was not challenged with money I buy things that I don’t really need.
Stay in one core focussed business – your own! Do yr own due diligence.
Imagine you are in a debate
Ask yourself as many questions as possible. Questions that you will not ask beginning with “What can go wrong? What can go right?
Most people do not think about what could go wrong.
Ask your team the same questions and see how they answer you.
Most people are intelligent but forgot to use it.
Optimism is not your friend.
People listen to the story, if they like the story, they take the deal.
Emotions = Ideas
Emotions are, a killer!
If you don’t have skillset tools all you got is your emotion.
Luck is not a strategy for wealth.
Getting rich and staying rich is an intellectual game.
Getting rich requires consistency
Getting rich is boring
If you want excitement, climb the Mt Everest without Oxygen
Jump out of helicopter without the parachute
Go scuba diving without your oxygen tank
Listen only to other people’s mistakes & what they learnt about themselves & how they got out. Who they become.
Don’t listen to ideas about getting rich , however rich they say they are or looked like they are.
This is Keith Cunningham’s website
http://www.keystothevault.com/news/news_b.html
Excerpts:
In a recent interview, the new CEO of Citi, Vikram Pandit made a startling announcement. He said Citi would divest themselves of businesses that did not fit with the rest of the group. “We’re getting out of all our hobbies and focusing on our core competence.”
This is without a doubt one of the smartest things I’ve heard a Fortune 500 executive say in 25 years! The reality is sticking your nose or your pocketbook into things you know very little about is a prescription for disaster - Keith Cunningham
http://www.keystothevault.com/news/news1.html
For Cunningham, who has mentored thousands of successful business people, the worst offenders advise readers that the way to get rich is through passive income — which means you do nothing and the money will do it for you. “They mistakenly think there is no need to be active in your business or your investments,” he says.
Then, there is the fabled promise of working “on” your business compared with “in” your business. According to this theory, you are a “loser” if you are an employee or are self-employed working in your business. “Apparently, only investors and business owners not directly involved in the day-to-day operations of their businesses have the mentality it takes to be millionaires,” he says.
Tell that to Bill Gates, who, in the first years of building Microsoft personally reviewed, and often rewrote, every line of code the company shipped. Michael Dell or Warren Buffet still regularly clock 60 to 70 plus hour workweeks.
Another common myth found in many bestsellers is that it just takes one brilliant idea and then you can be rich. “Lots of people have great ideas,” says Cunningham. “But if you can’t execute on that idea and show how it provides a sustainable competitive advantage, its just a pretty thought.”
“The key to building and sustaining wealth is to learn and master critical business skills,” Cunningham, says. “I believe the most important skill a business person can have is financial literacy, the ability to read and understand financial statements. Otherwise its like an airplane pilot who doesn’t understand what all the flight control dials do.”
Feel free to expound.
Cheers!
Dolly Yeo
93636559
Get your free chapters of my E-book “Teenager Parenting 101”
Here: www.ParentingWithDolly.com
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