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Unfortunately, people use the power of money... - 10:40 PM, Saturday, May 1, 2010

Unfortunately, people use the power of money against them If your financial intelligence is low, money will run all over youIt will be smarter than you If money is smarter than you, you will work for it all your life To be the master of money, you need to be smarter than itThen money will do as it is told Instead of being a slave to it, you will be the master of itThat is financial intelligenceTHE NEED FOR HEROES: The power of mythWhen I was a kid, I greatly admired Willie Mays, Hank Aaron, Yogi BerraAs a kid playing Little League, I wanted to be just like themI treasured their baseball cardsI wanted to know black quilted chanel purse everything about themI knew the stats, the RBI, the ERAs, their batting averages, how much they got paid, and how they came up 1 from the minorsI wanted to know everything because I wanted to be just like them Every time, as a 9 or 10 year-old kid, when I stepped up to bat or played first base or catcher, I wasn't me It's one of the most powerful ways we learn that we often lose as adults Today, I watch young kids playing basketball near my home On the court they're not little Johnny; they're Michael Jordan, Sir Charles or Clyde Copying or emulating heroes is true power learningAnd that is why when someone like cheap replica rolex and cartier watches OSimpson falls from grace, there is such a huge outcry There is more than just a courtroom trialIt is the loss of a heroSomeone people grew up with, looked up to, and wanted to be likeSuddenly we need to rid ourselves of that person I have new heroes as I grow olderI have golf heroes such as Peter Jacobsen, Fred Couples and Tiger WoodsI copy their swings and do my best to read everything I can about themI also have heroes such as Donald Trump, Warren Buffett, Peter Lynch, George Soros and Jim RogersIn my older years, I know their stats just like I knew the ERAs and RBI of my baseball heroes I follow what chloe bags paddington Warren Buffett invests in, and read anything I can about his point of view on the marketI read Peter Lynch's book to understand how he chooses stocksAnd I read about Donald Trump, trying to find out how he negotiates and puts deals together Just as I was not me when I was up to bat, when I'm in the market or I'm negotiating a deal, I am subconsciously acting with the bravado of Trump Or when analyzing a trend, I look at it as though Peter Lynch were doing it By having heroes, we tap into a tremendous source of raw genius But heroes do more than simply inspire usHeroes make things look easyIt's the making it look prada fairy bag replica easy that convinces us to want to be just like them"If they can do it, so can I When it comes to investing, too many people make it sound hardInstead find heroes who make it look easyTEACH AND YOU SHALL RECEIVE: The power of giving Both of my dads were teachersMy rich dad taught me a lesson I have carried all my life, and that was the necessity of being charitable or givingMy educated dad gave a lot by the way of time and knowledge, but almost never gave away money As I said, he usually said that he would give when he had some extra moneyOf course, there was rarely any extra My rich dad gave money as well as swiss rolex watches educa
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