Tuesday, June 19, 2007

Character Doesn't Only Count; It's Required!

How many people have tried all of the latest tricks and tips from the hottest gurus on who-knows-what, only to be no further ahead than when they first started?

Oh, wait, that includes me and you!

We have both been sucked into a moment of emotional purchasing when we heard how this method or that system could take us to a new level financially.

And how often has it worked? Rarely.

(Disclaimer: fads and get-rich-quick systems CAN work! Disappointed to hear that? Well, they can. But the odds are against you that it will be you who benefits. In fact, get-rich-quick products work as follows: A) it ALWAYS works...for the guy who came up with the system, whether or not he made money that way and B) for the guy who fell into the "lucky" part of the gene pool. Then there's, once again, you and me.)

Don't bet on these things. The major priority for you and me, and most everyone else, is Character.

Character, and the results of living a life of Character, are what makes a system work long-term or not.

Character will lead one to seek complete understanding about a given investment, proposal or system. Like we say around the office here, "Risk is only what you don't know about an investment. Eliminate risk by eliminating any unknowns."

Character will seek partnerships with others who possess Character as well. That will eliminate most risk because people of Character know how to pre-eminently eliminate the risk and unknowns for the partners.

Character is the missing element in many get-rich-quick systems.

So, where do you start?

Start by seeking first to understand.
Start by expanding your internal Character.

Ask questions like:
  • "What are the unknowns?"
  • "How can I fill in the gaps of knowledge about this system or investment?"
  • "What is the character of those presenting this opportunity? Are they trustworthy? Are they interested in my success?"

Make several rules for yourself.
I know a millionaire who won't go into a deal unless he can "see right through it." He has to know what is involved from beginning, middle, to the end, even down to how he will exit this investment. I know of another gentleman who won't go into a major deal unless he has prayed for 3 days.
  • Set your own parameters.
  • Consult your advisers or professionals on that topic.
  • Allow enough time to let the emotions fade a little bit so that you have an element of rationalism in the deal.
Keep in mind that there will always be another deal if you are working on your Character.
Read books that promote an abundant, or opulent, mindset.
  • Think and Grow Rich by Napoleon Hill
  • The Power of Positive Thinking by Norman Vincent Peale
  • How to Win Friends and Influence People by Dale Carnegie
  • and more!
Check back in the next few weeks for more on developing your Character.

--Grant Nieddu