CEO or Auto Mechanic?Posted on April 19th, 2012
In The Millionaire Mind I wrote that: . . . millionaires . . . often . . .labeled by some authority figure or some standardized test result as being "average" or "inferior." But as the results of this research point out, such evaluations make some people all the more tenacious. Some millionaires thrive upon such judgments, as they have made very clear to me. Where did they get their resolve? It was a direct result of their earlier experiences in deflecting negative judgments. Ralph de la Vega is the CEO of AT&T Mobility. This company has annual sales of $63 billion and employs...
Build Wealth to Control Your Own DestinyPosted on March 13th, 2012
In The Millionaire Next Door I quoted the words of a corporate sales professional, a millionaire whom I interviewed. He like other self made millionaires said that he had a "go to hell fund. . . just in case my employer suggests (insists) that I leave Austin for corporate headquarters in Rottenchester." He never had to leave Austin and he added, "PTL." In other words, [the millionaires next door] have accumulated enough wealth to live without working for ten or more years. I was reminded of these words of wisdom after reviewing an email from Ms. F who currently resides in a lovely community in the...
The Benefit of an Open Book PolicyPosted on March 6th, 2012
Mrs. Lang, my first Sunday school teacher, often said: You should always do your best. Everything you do in this life is recorded in a big book. . . . and some day in the next life you will be judged on how you behaved on this earth. And success often goes to those whose business practices are "an open book." I was reminded of this as I read an article in The New York Times about the current state of the residential real estate market here in Atlanta. A dismal distinction in housing: with worst market in 2011. . ....
A Good Reputation is More Valuable than GoldPosted on February 9th, 2012
Dion DiMucci has been a constant fixture in the rock and roll colony of great artists since the 1950s. Now, even at the age of 72, his music is in high demand. An interview with "Dion" was recently published in The Wall Street Journal. No one would argue that he has musical talent. But he also possesses a philosophy that is common among most successful people. He was asked if he felt any bitterness towards those music executives who exploited his talent. I didn't get hurt as bad as a lot of people. With "Runaround Sue" and "The Wanderer" I reaped...
Elect Men and Women of IntegrityPosted on February 2nd, 2012
The current political environment is filled with statements containing half truths, exaggerations, and down right lies. In light of this it may be worthwhile to go back and reflect upon the number one factor that underlies success according to my survey of America's most economically productive people: integrity. According to Webster's, integrity implies an incorruptible soundness of moral character, especially as displayed in fulfilling trusts. Interestingly it uses the following example: "elect men of integrity." As I stated in The Millionaire Mind, Most economically successful people don't believe that integrity, or lack of it, can be averaged into one overall grade point...
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