Wednesday, 14 December 2016
Quote for the day
“Progressing forward as a trader is a matter of filling in knowledge gaps and connecting abstract concepts with vivid memories of real world application. The absolute beginner is so void of experience he has no idea where his gaps even are. At the point of starting out, all trading knowledge is a swirl of hypotheticals. The trick of advancement, then, is to go back and forth between theory and experience, theory and experience, in a regular intertwined dance.” - Jack Sparrow
Tuesday, 13 December 2016
Quote for the day
"If you have no confidence in self, you are twice defeated in the race of life. With confidence, you have won even before you have started." - Marcus Tullius Cicero
Monday, 12 December 2016
The 7 Rules Confident People Follow
Confidence isn't an inborn trait. Here's how to build it.
By Brian de Haaff
Have you ever noticed that some people seem inherently confident while others prefer to comfortably fade into the background? You might argue that confidence is all in our upbringing or even our genetic makeup. But I do not think it is so simple.
I recently read an interview with Tim Cook in the Washington Post. One comment stood out -- he said that his skin has become "materially thicker" over time. Expanding on that point, the Apple CEO noted that "I think I'm a bit better today about compartmentalising things and not taking everything so personally." Even a self-assured CEO recognises there is always room for improvement.
Successful, forward-thinking people experience the ups and downs of life just like anyone else -- but they think differently about themselves and the world around them.
Their unique perspective helps them maintain confidence, even in the face of adversity. But they also adhere to a set of principles -- rules, if you will -- that help them take on challenges, opportunities, and everyday life situations.
The great news is that anyone can improve their confidence -- if they are willing to put forth the effort. Here are seven rules of confident people that you can adopt today:
1. Set a clear direction
Confident people know their priorities and set audacious goals for themselves. Sir Edmund Hillary, the first mountaineer to summit Mt. Everest, said, "You don't have to be a fantastic hero to do certain things -- to compete. You can be just an ordinary chap, sufficiently motivated to reach challenging goals." Recognise that life passes by quickly, and do not waste a single day on goals that are not meaningful.
2. Invest in yourself
It is important to have faith in your own abilities. But you also must invest time and energy into learning so you can continually offer your best. In his first sales job, Mark Cuban read software manuals so he would feel confident selling the product. Identify areas where you could improve and shore up your knowledge so that you can handle any situation with composure.
3. Face your fears
Being self-assured does not give a person a natural immunity to fear. But confident people do not let fear prevent them from accomplishing goals. Eleanor Roosevelt pointed to the "real danger" of running away from fear, saying, "If you fail anywhere along the line, it will take away your confidence. You must make yourself succeed every time. You must do the thing you think you cannot do."
4. Do not conform
Track and field star Florence Griffith Joyner, who was known for her willingness to be herself, said, "When anyone tells me I can't do anything, I am just not listening anymore." Stop relying on the approval of others. Instead, dig deep and gather that fortitude from within. Celebrate your individuality and your unique strengths, and tune out the naysayers.
5. Bounce back quickly
It takes chutzpah to rebound from tough experiences or even failure. Stephen King, who has published more than 50 novels and hundreds of short stories, learned about rejection firsthand when his very first novel, Carrie, was turned down 30 times before it was accepted and published. Brian Acton was turned down for an engineering job at Facebook before co-founding WhatsApp (which he then sold to Facebook for $19 billion).
6. Let insults slide
Truly confident people look for value in criticism, but let insults roll right off. Julie Zhuo, vice president of product design at Facebook, learned to ignore good and bad press about the company -- instead focusing her attention on the vision and trusting the team. Some people may not want you to succeed and may try to tear you down. Do not let them.
7. Practice generosity
Self-assured people spend time thinking of how to make the world better. Bill and Melinda Gates are among those signing the Giving Pledge to give most of their wealth away to philanthropic causes. Having a giving spirit will give you a healthy confidence boost and keep your own troubles in perspective.
Confidence is not an inborn trait, and it does not develop overnight. Even if you lack that self-assurance right now, you do not have to stay that way. You too can become more fearless and self-assured -- if you are willing to work at it.
By Brian de Haaff
Have you ever noticed that some people seem inherently confident while others prefer to comfortably fade into the background? You might argue that confidence is all in our upbringing or even our genetic makeup. But I do not think it is so simple.
I recently read an interview with Tim Cook in the Washington Post. One comment stood out -- he said that his skin has become "materially thicker" over time. Expanding on that point, the Apple CEO noted that "I think I'm a bit better today about compartmentalising things and not taking everything so personally." Even a self-assured CEO recognises there is always room for improvement.
Successful, forward-thinking people experience the ups and downs of life just like anyone else -- but they think differently about themselves and the world around them.
Their unique perspective helps them maintain confidence, even in the face of adversity. But they also adhere to a set of principles -- rules, if you will -- that help them take on challenges, opportunities, and everyday life situations.
The great news is that anyone can improve their confidence -- if they are willing to put forth the effort. Here are seven rules of confident people that you can adopt today:
1. Set a clear direction
Confident people know their priorities and set audacious goals for themselves. Sir Edmund Hillary, the first mountaineer to summit Mt. Everest, said, "You don't have to be a fantastic hero to do certain things -- to compete. You can be just an ordinary chap, sufficiently motivated to reach challenging goals." Recognise that life passes by quickly, and do not waste a single day on goals that are not meaningful.
2. Invest in yourself
It is important to have faith in your own abilities. But you also must invest time and energy into learning so you can continually offer your best. In his first sales job, Mark Cuban read software manuals so he would feel confident selling the product. Identify areas where you could improve and shore up your knowledge so that you can handle any situation with composure.
3. Face your fears
Being self-assured does not give a person a natural immunity to fear. But confident people do not let fear prevent them from accomplishing goals. Eleanor Roosevelt pointed to the "real danger" of running away from fear, saying, "If you fail anywhere along the line, it will take away your confidence. You must make yourself succeed every time. You must do the thing you think you cannot do."
4. Do not conform
Track and field star Florence Griffith Joyner, who was known for her willingness to be herself, said, "When anyone tells me I can't do anything, I am just not listening anymore." Stop relying on the approval of others. Instead, dig deep and gather that fortitude from within. Celebrate your individuality and your unique strengths, and tune out the naysayers.
5. Bounce back quickly
It takes chutzpah to rebound from tough experiences or even failure. Stephen King, who has published more than 50 novels and hundreds of short stories, learned about rejection firsthand when his very first novel, Carrie, was turned down 30 times before it was accepted and published. Brian Acton was turned down for an engineering job at Facebook before co-founding WhatsApp (which he then sold to Facebook for $19 billion).
6. Let insults slide
Truly confident people look for value in criticism, but let insults roll right off. Julie Zhuo, vice president of product design at Facebook, learned to ignore good and bad press about the company -- instead focusing her attention on the vision and trusting the team. Some people may not want you to succeed and may try to tear you down. Do not let them.
7. Practice generosity
Self-assured people spend time thinking of how to make the world better. Bill and Melinda Gates are among those signing the Giving Pledge to give most of their wealth away to philanthropic causes. Having a giving spirit will give you a healthy confidence boost and keep your own troubles in perspective.
Confidence is not an inborn trait, and it does not develop overnight. Even if you lack that self-assurance right now, you do not have to stay that way. You too can become more fearless and self-assured -- if you are willing to work at it.
Source: www.inc,com
Sunday, 11 December 2016
10 Simple Wealth Building Habits
Here are ten steps to growing your personal wealth through good financial habits.
Wealth is created through the conversion of your time into financial assets and then growing those assets through compounding their returns over time.
Source: www.newtraderu.com
- Be long stocks during bull markets.
- Exit stocks and go to cash during bear markets.
- Buy your home in an area that is growing in population, business, and opportunities.
- Create cash flowing assets.
- Buy bonds only when interest rates are high +6%.
- If you want a job then choose a skill that can be applied to a career in an industry that is growing.
- The more value you create for your customers, boss, or company the more money you will make.
- Ideas applied correctly is the biggest wealth creator in the 21st century.
- The less expenses you have the more capital you will free up for investments.
- You can’t get rich from selling your time, wealth is created through the leverage of assets and the compounding growth of capital.
Wealth is created through the conversion of your time into financial assets and then growing those assets through compounding their returns over time.
Source: www.newtraderu.com
Quote for the day
"All problems, depressions, wars, disasters, assassinations, all of them were planned, caused, instigated, and implemented by the International Bankers and their attempt to establish a central bank in every country in the world, which they have now done, thanks to corrupt politicians who have been bought and paid for. This is all you need to know about the history of the world." - John F. Kennedy
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