"Cashflow" is the most important word in the world of money. Cashflow - the flow of cash.
Cashflow can be positive - i.e. you have more cash coming in than going out. This is always a good thing. Negative cashflow is when you have more money going out than coming in. This is a bad thing, it leads to debt and misery. Neutral cashflow - the same amount coming in as going out (also known as red-lining) is also a bad thing. It is stagnation as the value is being eroded by inflation,
Monday, January 31, 2011
353. Expertise, Confidence
If you study any subject for an hour a day, every day, eventually you will become THE world expert on that subject. No-one will know more about it than you. Learn to have this level of confidence in your self. There is a fashion these days to denigrate experts and to dismiss their knowledge. This is the small mind syndrome in action. You must never accept this treatment of your superior knowledge from those who are your inferiors. State loudly and clearly that you are the expert and demand to know what credentials your attackers have that makes them think that they have the right to challenge you. Then set about demolishing their positions entirely.
As an expert, read constantly. Build on your knowledge every day. Use your knowledge to help, instruct, enlighten and inform.
As an expert, read constantly. Build on your knowledge every day. Use your knowledge to help, instruct, enlighten and inform.
352. The Killer Instinct
Only you yourself can know for certain if you have the killer instinct or not. If you have, nurture it. If you haven't then cultivate it. Become determined to give the competition a good strong taste of their own medicine.
350. 4 Assumptions by Which to Live your Life
There are 4 things that will keep you on the straight and narrow if you assume them to be true about your life.
1. Assume your body has already had its heart attack.
2. Assume the half-life of your profession is 2 years.
3. Assume that everyone can overhear everything that you say about them.
4. Assume that you will meet with God every 90 days for a one-to-One.
1. Assume your body has already had its heart attack.
2. Assume the half-life of your profession is 2 years.
3. Assume that everyone can overhear everything that you say about them.
4. Assume that you will meet with God every 90 days for a one-to-One.
349. Strength
Develop strength in your physical, mental, emotional and spiritual being. Every day do a little practice in each of these areas. Never borrow strength. Constantly work to build your own. If you borrow strength you will build a weakness in yourself, in others and in the relationship you have with others.
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