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Einstein called it, “the greatest mathematical discovery of all time.” It’s the reason that rich people get richer, and indebted people get more in debt. It’s called compounding – a simple mathematical concept that can revolutionise your finances.
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Vilfredo Pareto was a French economist who was born in the mid-19th century. He noticed that the majority of the land in Italy was owned by a minority of the population. It was very roughly 80% of the land, to 20% of the population.
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“Everything should be made as simple as possible, but not simpler.”
Einstein. Genius.
In everything you do, consider Einstein’s quote. Purposefully try to make things simple.
Intellectually, simplicity seems to be looked down on. “He was a simple man,” means he was stupid.
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It’s been said that anyone can start a project, but entrepreneurs are able to finish them. Entrepreneurs don’t always come up with the best ideas, the most innovative solutions, but they do get them onto the marketplace – ahead of countless others who have a better idea… but only in their head.
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Put 60 Watts of electricity into a standard light bulb and it will light a small room. Take that same amount of light and point it in the same direction in a narrow beam, and you have a laser that can cut through metal. That’s the power of focus.
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The King of Self-Help, Tony Robbins, gives his Rapid Planning Method by which to set goals quickly, and have the motivation to achieve them. He criticises to-do lists, because they force you to become obsessed with details – regardless of their relative importance – when you really need to keep your mind on what you are working towards.
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When I first started reading Self-Help books, I found that almost every author had a major chapter dedicated to setting goals. They nearly always mentioned a study done by Yale University that proved the effectiveness of goal-setting.
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“Action speaks louder than words, but not nearly as often.”
Mark Twain
This is it: the big one. If you want to succeed, you need to take action. All of these lessons are worthless if you don’t apply them.
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