You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You’ve done something.
A lot of people are afraid to tell the truth, to say no. That’s where toughness comes into play. Toughness is not being a bully. It’s having backbone.
If you’re the kind of person who has no guts, you just give up every time life pushes you. If you’re that kind of person, you’ll live all your life playing it safe, doing the right things, saving yourself for something that never happens. Then, you die a boring old man.
Rule One. You must know the difference between an asset and a liability and buy assets. Poor and middle class acquire liabilities, but they think they are assets. An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.
Whenever you feel ‘short’ or in ‘need’ of something, give what you want first and it will come back in buckets. That is true for money, a smile, love, friendship. I know it is often the last thing a person may want to do, but it has always worked for me. I just trust that the principle of reciprocity is true, and I give what I want.
As I said, I wish I could say it was easy. It wasn’t, but it wasn’t hard either. But without a strong reason or purpose, anything in life is hard.
Wondering Whom to Read Next?
- Jack Welch American Businessperson
- W. Clement Stone American Self-help Guru
- George Samuel Clason American Businessperson
- Donald Trump American Businessperson, Head of State
- Andrew Grove Hungarian-born American Businessperson
- Ted Turner American Businessperson
- Richard DeVos American Businessman, Philanthropist
- Henry Ford American Businessperson
- Thomas J. Watson, Sr. American Business Executive
- Harvey Samuel Firestone American Industrialist