"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
Tuesday, 13 December 2016
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
Saturday, 10 December 2016
10 Reasons Why Most Stock Investors Fail
Learn from the wisdom of words and get successful at stock market investing
By Vibhu Vats
'The stock market is all gamble.'
'The stock market is all gamble.'
'Making money in the stock market is all about luck.'
'The easiest way to financial ruins passes through the stock market.'
How often do you hear people say the above things or things similar to them? In fact, if you check the average person's view of the stock market, you would be convinced that the stock market is the earthly analogue of hell. However, once in a while you also learn about some people who are making huge gains in the market. You may have wondered how it is that these handful of people made gains in the market, when most lose. Is there some magic formula?
But first let us turn the matter around slightly. Which is responsible for losses in the stock market: the market or the investor? Contrary to the popular notion that the market is to be cursed, it is the investor who is to be blamed. Why? Because the Indian stock market, like most other stock markets, has maintained an upward bias over the years. The Sensex had closed at 1,908 in 1991. The current level of the Sensex is around 29,000. Do you still think the market is the problem?
Why then most people fail in the stock market? Your quest for the holy grail ends here. The answer had always been there, only it had to be put in the right context. It is there in the words of the gurus of stock investing. Here is a short compilation of the wisdom of the gurus which will reveal to you the secret of winning in the stock market.
How often do you hear people say the above things or things similar to them? In fact, if you check the average person's view of the stock market, you would be convinced that the stock market is the earthly analogue of hell. However, once in a while you also learn about some people who are making huge gains in the market. You may have wondered how it is that these handful of people made gains in the market, when most lose. Is there some magic formula?
But first let us turn the matter around slightly. Which is responsible for losses in the stock market: the market or the investor? Contrary to the popular notion that the market is to be cursed, it is the investor who is to be blamed. Why? Because the Indian stock market, like most other stock markets, has maintained an upward bias over the years. The Sensex had closed at 1,908 in 1991. The current level of the Sensex is around 29,000. Do you still think the market is the problem?
Why then most people fail in the stock market? Your quest for the holy grail ends here. The answer had always been there, only it had to be put in the right context. It is there in the words of the gurus of stock investing. Here is a short compilation of the wisdom of the gurus which will reveal to you the secret of winning in the stock market.
1. Failing to appreciate what common stocks are
"Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business." - Peter Lynch
"Behind every stock is a company. Find out what it's doing." - Peter Lynch
"Although it's easy to forget sometimes, a share is not a lottery ticket... it's part-ownership of a business." - Peter Lynch
"Behind every stock is a company. Find out what it's doing." - Peter Lynch
2. Not studying the business before investing in the stock
"Know what you own, and know why you own it." - Peter Lynch
"If you don't study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards." - Peter Lynch
"Know what you own, and know why you own it." - Peter Lynch
"If you don't study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards." - Peter Lynch
3. Failing to invest or stay invested in a good stock during times of crisis
"Unless you can watch your stock holding decline by 50 per cent without becoming panic-stricken, you should not be in the stock market." - Warren Buffett
"Cash combined with courage in a time of crisis is priceless." - Warren Buffett
"Unless you can watch your stock holding decline by 50 per cent without becoming panic-stricken, you should not be in the stock market." - Warren Buffett
"Cash combined with courage in a time of crisis is priceless." - Warren Buffett
4. Not thinking long term and not being disciplined and patient
"If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes." - Warren Buffett
"Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant." - Warren Buffett
"If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes." - Warren Buffett
"Successful Investing takes time, discipline and patience. No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant." - Warren Buffett
5. Indulging in derivatives and stock trading
"Deivatives are financial weapons of mass destruction." - Warren Buffett
"As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him." - Benjamin Graham
"Deivatives are financial weapons of mass destruction." - Warren Buffett
"As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him." - Benjamin Graham
6. Paying too much for the stock
"If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume." - Benjamin Graham
"Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety." - Benjamin Graham
"If you are shopping for common stocks, choose them the way you would buy groceries, not the way you would buy perfume." - Benjamin Graham
"Confronted with a challenge to distill the secret of sound investment into three words, we venture the motto, Margin of Safety." - Benjamin Graham
7. Blindly following the crowd
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." - Warren Buffett
"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway." - Warren Buffett
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." - Warren Buffett
"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway." - Warren Buffett
8. Making exceptions to sound investing principles as per the latest fad
"The individual investor should act consistently as an investor and not as a speculator." - Benjamin Graham
"With every new wave of optimism or pessimism, we are ready to abandon history and time-tested principles; but we cling tenaciously and unquestioningly to our prejudices." - Benjamin Graham
"The individual investor should act consistently as an investor and not as a speculator." - Benjamin Graham
"With every new wave of optimism or pessimism, we are ready to abandon history and time-tested principles; but we cling tenaciously and unquestioningly to our prejudices." - Benjamin Graham
9. Underestimating your potential as an investor
"Twenty years in this business convince me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert." - Peter Lynch
"If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor." - Warren Buffett
"Twenty years in this business convince me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert." - Peter Lynch
"If you have more than 120 or 130 I.Q. points, you can afford to give the rest away. You don't need extraordinary intelligence to succeed as an investor." - Warren Buffett
10. Last but not the least: Making costly mistakes
"It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent." - Charlie Munger
"Rule #1: Never lose money; Rule #2: Never forget Rule #1." - Warren Buffett
"It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent." - Charlie Munger
"Rule #1: Never lose money; Rule #2: Never forget Rule #1." - Warren Buffett
Source: www.valueresearchonline.com
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