So many investors, having experienced the ups and downs of the market , or perhaps have suffered setbacks and great loss, are desperate for a quick-fix or easy way out.
We hear stories like, "If you would have invested $100 in Coca Cola when it first went public, you'd have over $10,000,000!"
They hope to find that hidden nugget or the Guru who will tell you which stock is going to skyrocket to 1000%.
In This Episode We Look At:
Being aware of the temptation to take short cutsIdentifying actual scams and cons, as well as the emotions which cause us to fall prey to themReal world formulas for financial successToday's Resources and Links:
We really appreciate and recommend Stephen Covey's seminal work, "7 Habits of Highly Successful People" [affiliate link]Here's an awesome Ted Talk on the key to success.I (Tim) was really challenged and encouraged when I listened to Tim Ferris' interview with Kevin Costner on building his career.One Thing You Can Do Today to Improve Your Financial World:
Love what you do for a living and pour passion into it (or change careers to pursue what you are passionate about). Commit to keeping a portion of everything you earn - it is yours. Invest it for your financial future.If you have a question or comment about today's topic, we invite you to share your thoughts.