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The 12 Commandments of Wealth

Discussion in 'Making Money' started by gbmack, Aug 29, 2009.

  1. gbmack

    gbmack Power Member

    Apr 19, 2009
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    Taken from The Richest Man in Town - W. Randall Jones

    I just finished reading this book, and it came with some pretty useful tips. Enjoy!

    1. Seek Money for Money's Sake and Ye Shall Not Find
    Money will only come when you are doing the right thing in the right way. - Randal J. Kirk

    • Pursue your goal, make it your hobby, but don't do it solely for the money's sake.
    • Remember, the joy is in the journey.

    2. Find Your Perfect Pitch
    Knowing others is intelligence; knowing yourself is true wisdom. Mastering others is strength; mastering yourself is true power. - Tao Te Ching

    • You can't be something you're not.. but you can be so much more of you who innately, intrinsically are. Everyone has his or her own unique perfect pitch.
    • The path of least resistance is your surest road to success and sizable riches.
    • How much you capitalize on your personal makeup ultimately determines how much capital you have in your personal wallet.

    You don't get rich working for other people! - Phil Ruffin

    • Be the man; don't work for the man.
    • Partner only with those who can bring something mission-critical to your success (joint ventures hint hint!)

    4. Get Addicted to Ambition
    If we did all the things we are capable of doing, we should literally astound ourselves - Thomas Edison

    • Replace bad addictions with good addictions --- and in particular, high-octane ambitions.
    • Hard work becomes great fun when you're pursuing your perfect pitch.
    • Persistence, diligence, and self-belief are cornerstones of ambition addition.
    • Great wealth is the by-product of ambition addiction.
    • Work is empowering: the only sure cure for failure.
    5. Wake Up Early -- Be Early
    The sun has not caught me in bed in fifty years. - Thomas Jefferson

    • Start young.
    • Show up early.
    • Don't let education insecurity hold you back.
    • Put yourself in situations where you experience collateral learning.
    6. Do Not Set Goals -- Execute or Get Executed
    Vision without execution is hallucination. - Thomas Edison

    • Goals are great, but execution is essential.
    • Ideas are important, but implementation and execution are everything.
    • Daily incremental improvement is the key to substantial wealth creation.
    • Have a life-altering, world-changing silent goal - known only to you.
    7. Fail to Succeed
    I've failed over and over and over again in my life. That's why I succeed - Michael Jordan

    If you are going through hell, keep going. - Winston Churchhill

    • Never fear failure. Have the courage to fail.
    • Failure is often the greatest teacher.
    • No pain, no gain.
    • Resilience is the most universal quality among the rich.

    8. Location Does Not Matter
    There is no great success than hometown success. - Buzz Oates

    • Hometown success is indeed the sweetest success.
    • It's the size of the bottom line that matters, not the size of the town.
    • You can build a billion in any town in America.
    9. Moor Yourself To Morals
    It takes twenty years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently. - Warren Buffet

    • The Golden Rule delivers gold to the wallet.
    • Putting others' needs first ensures that you finish first.
    • Reputation is your greatest single asset.
    • Integrity is integral to wealth creation.
    10. Say Yes to Sales
    Nothing happens until something is sold. - Joe Rickets

    • Nothing happens until something is sold.
    • Listening is the core component of successful selling.
    • You can enhance your EQ - simply put other people first.
    • Find your inner salesperson.
    • EQ equals SQ (sucess quotient), which delivers a high WQ (wealth quotient).

    11. Borrow From The Best - And The Worst
    I not only use all the brains that I have, but all that I can borrow. - Woodrow Wilson

    • No matter its source, a good idea is a good idea.
    • Read biographies of the best and brightest (and richest).
    • Seek the counsel of wise people wherever you can find them.
    • If we're wise and observe carefully, we can learn from the mistakes of even the most successful people.
    12. Never Retire
    Find something you truly love to do and retire for the rest of your life. - James Hartley Click Sr.

    • Retirement is hazardous to your health and your wealth.
    • The brain needs continual stimulation -- the great source for that sustenance is work.
    • The rich are in a constant state of reinvention
    • Love what you do and "retire" for the rest of your life doing it.

    Lifestyle Traits of The Rich

    Tip #1: Be a Social Animal. Play Poker. Play Golf and Tennis. Your friendships are the most important investments you'll ever make.

    Tip #2. Be Optimistic. The optimist sees the doughnut; the pessimist the hole!

    Tip #3. Hoard Your Health. Take care of your body with steadfast fidelity.

    Tip #4. Be and Eternal Student. Twenty years from now you will be disappointed by the things you didn't do than by the ones you did do. Explore. Dream. Discover.

    Tip #5. Give as Good as You Got. We make a living by what we get; we make a life by what we give.
    • Thanks Thanks x 10
  2. Sinces

    Sinces Newbie

    Aug 5, 2009
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    "Twenty years from now you will be disappointed by the things you didn't do than by the ones you did do. Explore. Dream. Discover."
    -Mark Twain :) Inspirational
  3. landocass

    landocass Newbie

    Apr 15, 2009
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    thanks, laws that any successful individual can abide by.
  4. virus_1720

    virus_1720 Elite Member

    May 9, 2008
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    wow, thats is so so true. Great share
  5. Metal425

    Metal425 Regular Member

    Oct 7, 2008
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    Great share man...

    My hat goes off to you.