Weath is result of following

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rondeeb

14 years ago

Well said everyone. It's good to review everything you just said to keep on track. Thanks.

Thanks

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danlew

14 years ago

Yes, this is really true. Wealth cannot happen if you have no hardwork, discipline and time of dedication. Thanks for sharing this man.

Thanks

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Jami Pagan

14 years ago

Doing what matters when you have to weather u feeling like it or not is also something that we can add to their actions....

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sandy christine1

14 years ago

Good post. Thanks for sharing DeltaForce.

Thanks

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Ziga Andric

14 years ago

Originally Posted by DeltaForce

Lifestyle of hard work.
Perseverance.
Planning.
Self Discipline.

I assume you speak of self made wealth as opposed to inherited wealth. In my opinion wealth is result of working smarter not harder. It is about finding an unmet need, a problem or burning desire that A LOT (ideally millions) of people have.

Then it is about fulfilling these needs, solving problems etc. and doing it better than anyone else.

Accumulated wealth is also directly proportionate to what leverage you have. Either you employ large amount of capital, superb technology or a lot of manpower, but usually a combination of at least two. And then there is this greatest discovery of all times: practical application of compounding interest...

Of course I also agree with you that all these qualities you mentioned can separate winners from losers. Luckily they can be developed.

Thanks
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Michael Fied

14 years ago

Originally Posted by Ziga Andric

I assume you speak of self made wealth as opposed to inherited wealth. In my opinion wealth is result of working smarter not harder. It is about finding an unmet need, a problem or burning desire that A LOT (ideally millions) of people have.

Then it is about fulfilling these needs, solving problems etc. and doing it better than anyone else.

Accumulated wealth is also directly proportionate to what leverage you have. Either you employ large amount of capital, superb technology or a lot of manpower, but usually a combination of at least two. And then there is this greatest discovery of all times: practical application of compounding interest...

Of course I also agree with you that all these qualities you mentioned can separate winners from losers. Luckily they can be developed.

I agree with Ziga %100, I think working hard is a big part of it --> but working smarter is even more important. This really does make me think though. and thanks for the share! =]

Thanks

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ElliotBerg

14 years ago

Never Quit... Never Quit... Never Quit... Never Quit... Never Quit... Never Quit... Never Quit...{ Repeat n Times }
Wealth is a slave of those who are hell bent to succeed and do something great in their lives.