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Old 04-17-2007, 04:31 PM   #9 (permalink)
PMcDonald
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Join Date: Dec 2006
Location: Suburb of Chicago
Posts: 80
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It's all about mindset. If you are constantly worrying about losing money or you fear losing money and fear you'll be in a state of desperation, well we all know that the LoA is going to bring you more of that right?

Instead, and this is so huge, you need to focus on the end result. What are your goals? What will you accomplish by starting your own business? Focus, like a laser, on these things and you'll get them. This way, your results are guaranteed. Everything else along the way is just drama, but if you know the outcome the drama doesn't matter. Sure you might encounter obstacles along the way, but are you going to rise up and get the best of those obstacles or will the obstacles get the best of you?

Now I am not saying to be reckless as far as an investment, however being careful can be just as dangerous and as for Warren Buffet, I gurantee that he is not careful about his investments. The man sees what he wants and goes for it - you simply do not build up your net worth to that level by not taking risks.

So yes, you are absolutely right, fear of losing money does make people fail. However, what many people fail to realize is that they do have a choice as to whether or not they let their fear be a cause of failure. Leaders and winners visualize the rewards of success, not the fears of failure. That, my friend, is what seperates the successes from the wannabes.
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