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Showing posts from February, 2020

Why can't most people handle having power and leadership?

On January 1793,  the most powerful man in France , Emperor Louis XVI was executed by guillotine at the Place de la Revolution in Paris. History confirms that 80,000 armed men lined the route to the Place de la Revolution, where a crowd of around 100,000 people had gathered to witness the execution. Why did he end up being executed in such a merciless style? He was powerful, but NOT a leader! Leadership is NOT about being powerful. True leadership is the result of an individual’s character focused on serving others. Emperor Louis XVI was focused on serving himself, NOT his people. Leaders don’t push people; they help people. Leaders don’t inspire fear; they spark enthusiasm. Leaders don’t say “I”; they say “we.” Leaders don’t use people; they develop people. Leaders don’t take credit; they give credit. Leaders don’t impose ideas; they brainstorm ideas. Leaders don’t deserve authority; they get  rewarded  with authority. Power is the result of leadership. The

What are some advice you could give to an entrepreneur with no capital, no experience, and no connections?

Congratulations! You just defined your job description! Tell me, how did Steve Jobs start his entrepreneurial journey? With no capital, no experience, no connections! How did Elon Musk start his first business? With no capital, no experience, no connections! To answer your question, what’s my advice for a new entrepreneur with no real resources? Embrace your job! Your job as an entrepreneur is to solve problems. See yourself as a puzzle maker. Entrepreneurship is actually the art and the science of putting the pieces together. No capital?   Your job is to find it. No experience?   Your job is to never stop learning and control your fear of failure. No connections?   Your job is to get out of your comfort zone and find the people that will lead you to your goals. Most importantly… #NeverGiveUp!

What can I learn in one minute that will be useful for the rest of my life?

1.        A strong belief in yourself is where everything should begin. 2.        Nothing is more powerful than the power to read and write. Do yourself a favor—invest in yourself. 3.        Come out of the comfort zone and stay ahead of others or stay in the comfort zone and perish. 4.        Your parents educated you only up to where they wanted you to be. Educate yourself up to where you want to be. 5.        Trusting no one is the best self-defense in the world. 6.        Never leave anything to chance. Some things bite only once, and that once could be your last. 7.        Consider it a fallacy when people tell you not to take life seriously, for life itself doesn’t forgive anyone. 8.        Mistakes can be forgiven, but repeat mistakes indicate a lack of responsibility. 9.        Many opportunities will come your way but never pass up even the smallest opportunity. 10.    Forgiveness is the greatest therapy for the heart. 11.    Having sex with the wrong

What are the good habits to cultivate to become rich?

You’re too young to start a business, Son! There are no shortcuts!” m y dad told me before I started my   parking lot business outside my college campus. “Come on! It can’t be that difficult, Dad! I’ll figure it out!” I failed! “Son, hard work is not good enough! You’ve got to work smart and stay disciplined!” “You're telling me I’m stupid, Dad? What’s wrong with you?” A few months later, still   during my College years, I tried my second business … I purchased a Xerox machine to sell photocopies to students in an apartment building. I failed! My dad patiently was watching me fail. Humiliated, I finally started listening to him. “It’s not just your hard work, Son; It’s how smart you work!” h e insisted. What do you mean smart work?  I asked offended. “Son, in life you either learn from others’ mistakes or you learn from your own. It’s cheaper and faster to learn from others’ mistakes!  You need to develop the habit of reading and listening to others!” “Re

How does college debt affect future life choices of students?

Black Friday 2007: “ Dad, we need a new computer! I found a great deal … look!”  my daughter called, getting my attention. It was a brand new iMac priced  under  $1K. “It does look like a good deal. Let's get it!” I paid for the computer with a credit card special Black Friday financing deal. A few days later the computer arrived home. My kids were happy to use the new computer to work on their homework. A few weeks went by when one of my kids started to complain,  “Dad, the computer is very slow.” I ignored the comment. Then my other kid came with the same complaint,  “Dad, the new computer is very slow.”  I ignored the comment again. A few weeks later, my wife came up with the same issue,  “Something is wrong with the new computer. Please check it.” I made some time to take a look at it, and yes, the computer was ANNOYINGLY and painfully slow. I took it to the local Apple Store. They checked it. “Nothing is wrong with your computer. It's just an o

How do the rich earn money if it’s not exchanging their time for money?

Princess Leia owns an apple farm. Luke is the CEO of the farm. A team of one hundred Rebel Troopers works the farm. Rebel Troopers earn  $20 per hour  worked. We use this formula to calculate their income:  Paycheck = ( hourly  pay) x (hours worked) If Troopers work 40 hours per week, that would be 20 X 40, which equals $800. Rebel Troopers are commonly encouraged to save their extra money by depositing it into a bank. Their investment follows this equation:  Savings benefits = investment X annual interest The problem with “ the paycheck formula ” or the   “ bank-savings formula ” used as mechanisms to wealth is that the variables are  limited  and out of the Troopers’  control . ·          Troopers cannot work 3,000 hours in one week. ·          Troopers cannot force Luke to pay them $1,000 per hour. ·          Troopers cannot ask the bank to give them a 3000% return. There are only 24 hours in a day and only a few active years in a lifetime. Solution?