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More Tips to Ponder and Act Upon
Ask - Ask - Ask
Other people know things that you don't know
Ask questions
Ask for information
Ask for help
Ask others how you can help them
Ask others how you can do better
Make Compounding Work for You
(Your Principal) X (Interest or Return Rate) X (Time)
All three factors Matter
Maximize each of these factors - prudently
Expect the Unexpected - And This Too Shall Change
If you are prepared, it will probably be a struggle
If you are not prepared, it will probably be a disaster
Maximize the Present Instead of Projecting the Future
"Predictions are difficult, especially about the future." - Yogi Berra
The Government Is Your Financial Partner -
Whether You Like It Or Not
History shows that all societies tax their citizens in changing ways
Learn to Count Costs As Well As Gains
"Opportunity Cost" - The cost of passing up a better choice when making a decision
Focus on Cash Flow Instead of Net Worth
Control
Focus on efficiency and ownership
Focus on what you can control
Wherever possible, expand what you control
Make Money Move for You
To become prosperous, money must be able to move
Don't fill buckets, build pipelines
Multiply Your Money
Learn how banks make money,
Not from how depositors make money
Make your money work in multiple ways
Concentrate and focus on what can make you the most money
Act - Do - Move
Nothing happens unless you do something.
Plot, plan and then act on your best plan
If it doesn't work as well as you hoped, then adjust and learn
And act again.
"It does not matter how many times you get knocked down,
but how many time you get up." Vince Lombardi
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