Thursday, June 4, 2009

SUCCESSFUL ACTION IS CUMULATIVE IN RESULTS

I was going to try and start doing these emails with out the daily guru, but they are so good and I think they needed to be shared. Some people then think this blog/email is just me coping out by using the guru but I don't see it that way. I see it as me passing along some awesome insight and adding my spice to it.

The part in this guru where is says the faster you grow the faster you wither. But the slower (I'll say stronger) you grow the longer you'll last. Your idea/business needs a strong foundation to last the test of time. Look at the Billion dollar companies in the word, and then how long they've been around. I could throw up a quick website and spam a crap load of people and make a few thousand dollars, but then it's gone. But what if I setup a site that made steady hundreds and lasted the test of time. It would take longer to reach the same amount but the second one would keep on going.

Here's a simple money quiz.
- I just got 6K
- I have a 6K loan that is costing me $600/mth for 1 year
- I have an offer to buy a house for 6K that makes $300/mth
Where do you put the money??

Play with the numbers and see where your break even number is based on time, input and output. Don't forget to keep in mind every month a payment is made on that house more equity is being put in your assets. Then take that thought and think about how much in the hole the house can put you each month before it's not worth it. I have a house I loose money every month. I made money when I bought and the value of the house increased every year, and mortgage keeps getting paid off. Some people think I'm stupid, so to shut them up I bought a house that made money and now I break even :0




SUCCESSFUL ACTION IS CUMULATIVE IN RESULTS



Success is the sum of small efforts, repeated day in and day out.
Many people take the first step and stop.
Yet, with every additional step you take, you enhance immensely
the value of your first step.

All masters of success are chiefly distinguished by their power
of adding a second, a third and perhaps a forth step in a
continuous line.

There is no royal road to anything.
One thing at a time, all things in succession is the rule of life.
That which grows fast, withers as rapidly.
That which grows slowly, endures.

Do not despise the bottom rings in your ascent to greatness.




THE DAILY GURU



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