You don't want to admit you went broke over a duplexMost people around here are so afraid of losing, they don't have a duplex to go broke with
He constantly told Mike and me that the greatest reason for lack of financial success was because most people played it too safe "People are so afraid of losing that they lose" were his words
Fran Tarkenton, a one-time great NFL quarterback, says it still another way: "Winning means being unafraid to lose
In my own life, I've noticed that winning usually follows losingBefore I finally learned to ride a bike, I first fell down many timesI've never met a golfer who has never lost a golf ballI've never met people who have fallen in love who have never had their heart brokenAnd I've never met someone rich who has never lost money
So for most people, the reason they don't win financially is because the pain of losing money is far greater than the joy of being rich Another saying in Texas is, "Everyone wants to go to Heaven, but no one wants to die Most people dream of being rich, but are terrified of losing money So they never get to
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Rich dad used to tell Mike and me stories about his trips to Texas"If you really want to learn the attitude of how to handle risk, losing and failure, go to San Antonio and visit the AlamoThe Alamo is a great story of brave people who chose to fight, knowing there was no hope of success against overwhelming oddsThey chose to die instead of surrenderingIt's an inspiring story worthy of study; nonetheless, it's still a tragic military defeatThey got their butts kickedA failure if you will So how do Texans handle failure? They still shout, 'Remember the Alamo!'"
Mike and I heard this story a lotHe always told us this story when f he was about to go into a big deal and he was nervousAfter he had done all his due diligence and now it was put up or shut up, he told us this story Every time he was afraid of making a mistake, or losing money, he told us this storyIt gave him strength, for it reminded him that he could always turn a financial loss into a financial winRich dad I knew that failure would only make him stronger and smarterIt's not that! he wanted to lose; he just knew who
gucci monogram wallet he was and how he would take a lossHe would take a loss and make it a winThat's what made him a winner and others losersIt gave him the courage to cross the line when others backed out"That's why I like Texans so muchThey took a great failure and turned it into a tourist destination that makes them millions
But probably his words that mean the most to me today are these: "Texans don't bury their failuresThey get inspired by themThey take i their failures and turn them into rallying criesFailure inspires Texans to ' become winnersBut that formula is not just the formula for TexansIt j is the formula for all winners
Just as I also said that falling off my bike was part of learning to rideI remember falling off only made me more determined to learn to rideI also said that I have never met a golfer who has never lost a ballTo be a top professional golfer, losing a ball or a tournament only inspires golfers to be better, to practice harder, to study moreThat's what makes them betterFor winners, losing inspires themFor losers, losing defeats themRockefeller, "I always tried to turn
chanel handbags collection every disaster ' into an opportunity
And being Japanese-American, I can say thisMany people say that Pearl Harbor was an American mistakeI say it was a Japanese mistakeFrom the movie Tora, Tora, Tom, a somber Japanese admiral says to his cheering subordinates, "I am afraid we have awakened a sleeping giant "Remember Pearl Harbor" became a rallying cryIt turned one of America's greatest losses into the reason to winThis great defeat gave America strength, and America soon emerged as a world power
Failure inspires winnersAnd failure defeats losersIt is the biggest secret of winners It's the secret that losers do not knowThe greatest secret of winners is that failure inspires winning; thus, they're not afraid of losing Repeating Fran Tarkenton's quote, "Winning means being unafraid to lose People like Fran Tarkenton are not afraid of losing because they know who they areThey hate losing, so they know that losing will only inspire them to become betterThere is a big difference between hating losing and being afraid to loseMost people are so afraid of losing money that they loseThey go
louis vuitton broke over a duplexFinancially they play life too safe and too smallThey buy big houses and big cars, but not big investmentsThe main reason that over 90 percent of the American public struggles financially is because they play not to loseThey don't play to win
They go to their financial planners or accountants or stockbrokers and buy a balanced portfolioMost have lots of cash in CDs, low-yield bonds, mutual funds that can be traded within a mutual-fund family, and a few individual stocksIt is a safe and sensible portfolioBut it is not a winning portfolioIt is a portfolio of someone playing not to loseIt's probably a better portfolio than more than 70 percent of the population, and that's frighteningBecause a safe portfolio is a lot better than no portfolioIt's a great portfolio for someone who loves safelyBut playing it safe and going "balanced" on your investment portfolio is not the way successful investors play the gameIf you have little money and you want to be rich, you must first be "focused," not "balanced If you look at anyone successful, at the start they were not
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