By John Sage sales coach
Congratulations! You’ve made it to the next instalment in my Guidelines of Life blog series. In the last edition,we discussed the value of having rules,how to develop your own rules,and a couple of other suggestions to adopt a wealth mindset.
Let’s not waste whenever and get to the next 3 guidelines. These are a little bit different than the last,and I desire you to believe about the time you spend showing and evaluating previous choices.
Rule Five: Know thyself
Do you truly know yourself? No,I suggest do you actually understand yourself? Do you know your habits,failures,successes,insecurities,and so on? The answer may shock you.
We have blinders on in our day-to-day lives. It doesn’t matter whether you’re driving to the doughnut store or signing a multi-million-dollar property investment deal,you’re probably not looking carefully in the mirror.
The thing is,all of the very best investors worldwide know themselves inside and out and you can too with a bit of practice.
It’s everything about understanding your process for evaluating investment decisions. If you can develop a system to objectively comprehend the danger and rewards of a choice,you’ll make much better decisions in the long-run.
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Rule Six: Values and value exchange
I want to pick up a minute to make one thing clear: these are two different things that I’m explaining.
Values are the overriding concepts that guide you throughout life. They’re your morals,ethics,and help to keep you from losing control of your life. With these worths,navigating troubled waters becomes much easier as you basically already have a roadmap to utilise to base all of your choices.
Value exchange,on the other hand,describes the process of wealth exchange. To build wealth,you require to provide something of value on your side of the exchange.
You can’t have one without the other,and if you want to end up being wealthy and embrace a wealthy frame of mind,you need to establish values that you can then exchange. To put it simply,to build wealth,you need to include value.
Rule 7: Honesty
Anybody can lie,cheat,or steal in the investing world. In reality,Hollywood films like Wall Street and others show this practice and have actually shifted the public’s perception. Let me inform you one thing: you won’t make it really far in the long-run without some integrity.
People get the phonies and cheats in the investing world,and although you could get some short-term success,it will run out,and your track record will be garbage.
To cap off this blog post,I want to summarise a couple of points:
â? To make it throughout life,you need to know yourself. You require to come face-to-face with your successes,failures,fears,needs,and desires.
â? You likewise need to specify your core morals in life. What principles direct you? As soon as you can identify this,you can begin adding value to wealth exchanges.
â? Lastly,you need to have integrity and do everything honestly. It may take longer to see success,however you’ll have better luck in the long-run,build more powerful relationships,and more stable wealth.
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The last 3 rules await you in my next blog. Sign up for this blog and follow me on social networks to never ever miss out on an update! www.johnsage.com.au