"If you don't educate yourself, you'll never get out of the starting block because you'll spend all your money making foolish decisions." - Daymond John
Tuesday, 5 April 2016
Monday, 4 April 2016
Quote for the day
"A wise man can learn more from a foolish question than a fool can learn from a wise answer." - Bruce Lee
Sunday, 3 April 2016
10 Attributes of a Great Trader
By John Netto
Over the course of my 20 years in the trading arena, poker business, and sports odds making, certain inalienable qualities seem to resonate in those exhibiting consistent success. The process to acquire this skill set is by no means assured and represents a constant work in progress. A process invariably leading us through multiple peaks and valleys, calling into question what compels us to compete in a trading arena that oscillates so easily from unimaginably predicable to perversely difficult.
These attributes are applicable on a much grander scale, as they transcend the world of trading and investing. If you’re reading this article, odds are you possess a certain entrepreneurial zeal and penchant for taking on risk. Great leaders, doctors, lawyers, and other prominent people in society will usually possess many, if not all, of these qualities.
These 10 attributes are so important that they make up the core training I conduct for those that attend my mentorship program, any in person multi-day workshop, or those who decide to invest in my fund. They are not listed in any particular order of preference, as all have great significance and overlap with each other. I implore you to use them as a template to decide what is important and how to incorporate them to make substantive improvements to your trading and personal life.
Over the course of my 20 years in the trading arena, poker business, and sports odds making, certain inalienable qualities seem to resonate in those exhibiting consistent success. The process to acquire this skill set is by no means assured and represents a constant work in progress. A process invariably leading us through multiple peaks and valleys, calling into question what compels us to compete in a trading arena that oscillates so easily from unimaginably predicable to perversely difficult.
These attributes are applicable on a much grander scale, as they transcend the world of trading and investing. If you’re reading this article, odds are you possess a certain entrepreneurial zeal and penchant for taking on risk. Great leaders, doctors, lawyers, and other prominent people in society will usually possess many, if not all, of these qualities.
These 10 attributes are so important that they make up the core training I conduct for those that attend my mentorship program, any in person multi-day workshop, or those who decide to invest in my fund. They are not listed in any particular order of preference, as all have great significance and overlap with each other. I implore you to use them as a template to decide what is important and how to incorporate them to make substantive improvements to your trading and personal life.
Quote for the day
"There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle." - Albert Einstein
Saturday, 2 April 2016
15 ways to guarantee you won't become a millionaire
By Kathleen Elkins
We've cued you in on steps to take to get rich — but which choices will stunt your path to wealth?
Here, we rounded up habits, beliefs, and traits that self-made millionaires and authors have identified as inhibiting if you want to build wealth.
As always, no promises of future riches or predictions of the future, but steering clear of these 15 things can't hurt:
01. Buying things you can't afford
Living above your means is a sure fire road to financial stress — and even if you start earning more or get a hefty raise, don't use that as justification to give yourself a lifestyle raise.
"I didn't buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income,"writes self-made millionaire Grant Cardone at Entrepreneur. "I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy."
We've cued you in on steps to take to get rich — but which choices will stunt your path to wealth?
Here, we rounded up habits, beliefs, and traits that self-made millionaires and authors have identified as inhibiting if you want to build wealth.
As always, no promises of future riches or predictions of the future, but steering clear of these 15 things can't hurt:
01. Buying things you can't afford
Living above your means is a sure fire road to financial stress — and even if you start earning more or get a hefty raise, don't use that as justification to give yourself a lifestyle raise.
"I didn't buy my first luxury watch or car until my businesses and investments were producing multiple secure flows of income,"writes self-made millionaire Grant Cardone at Entrepreneur. "I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy."
Quote for the day
“My approach works not by making valid predictions, but by allowing me to correct false ones.” - George Soros
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