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** The rich have money -- and passion **

 
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LifeTranscender

posts: 140

May 27, 2007 11:04 PM ET    Quote  Report Abuse
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I came across this article on
MSN.com that I wanted to share
with you.

The title of the article is
"The rich have money -- and passion"

The article begins with a intro
of and it`s quoted:

"Interviews show that only a minority
of the nation`s top 1% inherited their
wealth or made it in the stock market.
Most said they simply had a dream and
were willing to take risks in pursuing it."

https://www.mcssl.com/app/adtrack.asp?MerchantID=97274&A dID=315712

Read further into the article. I would
like to you know what you agree with in the
piece. I believe you`ll enjoy.

Continue make this your YEAR!

C.F. Jackson

delta

posts: 14

May 28, 2007 12:54 AM ET    Quote  Report Abuse
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Dear C.F.,

I thought it was an excellent article. I definitely agree that attitude, stubbornness (to a point), passion, self-motivation, drive, desire...all the things the article mentions for people to make a success of themselves in business, rings true. 

After all, that is the entreprenuerial spirit, right?

As far as being in that 1%, well,  that`s never going to happen to anyone I know, but many will become rich because that is the reward for working hard on your own business.

Good reading! Grow and prosper!

Delta

delta2007-5-28 0:56:8


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CraigL

posts: 9051

May 28, 2007 1:25 AM ET    Quote  Report Abuse
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I don`t think Oprah started doing interviews, saying to herself, "Well, I like doing this, but there`s no way in hell I`m every going to end up in the top 1% of the country`s income earners. Still, I kinda like doing this, so I`ll do it."

Bill Gates, on the other hand, started out saying, "Windows Everywhere!" True, he wasn`t particularly saying he wanted all the money from having Windows everywhere, but it was a large consideration.

In my experience, people who try to get rich and famous because that`s their entire end goal, usually don`t end up rich or famous. But people who have a passion for something often "end up" rich and/or famous.

Someone made a brilliant point, on another thread awhile back. Some people have a true passion and a huge amount of enjoyment out of making money. That IS their passion. But when you speak with them, they really don`t care much about how rich they are. The money is only a "counter in the game."

All of us choose whether we want to do things in life because we have to, or because we want to.
LifeTranscender

posts: 140

Jun 03, 2007 4:25 PM ET    Quote  Report Abuse
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Delta,

It`s my pleasure! I`m glad you enjoyed it.

I think you & Craig may have mis-read what the
top 1% are.

It included this: Most said they simply had a dream and
were willing to take risks in pursuing
it.

So Delta I hope you are around people who have dreams
and who are willing to take risk like yourself.

Continue to make this the best day ever!

Won`t Be Denied!
C.F. Jackson

Lighting 1,000 Dreams Worldwide!

WheelsRCool

posts: 3

Jun 07, 2007 5:39 PM ET    Quote  Report Abuse
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I don`t think Oprah started doing interviews, saying to herself, "Well, I like doing this, but there`s no way in hell I`m every going to end up in the top 1% of the country`s income earners. Still, I kinda like doing this, so I`ll do it."

Bill Gates, on the other hand, started out saying, "Windows Everywhere!" True, he wasn`t particularly saying he wanted all the money from having Windows everywhere, but it was a large consideration.

In my experience, people who try to get rich and famous because that`s their entire end goal, usually don`t end up rich or famous. But people who have a passion for something often "end up" rich and/or famous.

Someone made a brilliant point, on another thread awhile back. Some people have a true passion and a huge amount of enjoyment out of making money. That IS their passion. But when you speak with them, they really don`t care much about how rich they are. The money is only a "counter in the game."

All of us choose whether we want to do things in life because we have to, or because we want to.

I know a guy worth $25 million who started out with the specific goal of becoming wealthy, what he told me is, "DO NOT pursue a business with the idea of, "What business can I start that will make me rich?" but rather pursue it with the idea of, "What business can I build that I will be passionate about, but also has the potential to make me wealthy in the long-term?" He also told me there is no "get-rich-quick," that it requires passion, hard work, and dedication. And he also said to pursue business with the idea of filling needs and solving problems, and always care about the customer, and the wealth will come.

I love business and entrepreneurship, I love the whole idea of building a business, I am 23 and have built nothing right now but my goal is to build a successful business, sell it, retire wealthy for some years, then build another successful business, etc...repeating the process. I read about a guy who does this.

I want to be a professional entrepreneur I guess :)

CraigL

posts: 9051

Jun 07, 2007 6:45 PM ET    Quote  Report Abuse
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Back around the turn of the 20th century, you would be called a Capitalist, or an Industrialist. Both are excellent terms, in my opinion, and created America and all its wealth. :-)
WheelsRCool

posts: 3

Jun 08, 2007 1:09 AM ET    Quote  Report Abuse
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Yeah, I am Capitalist all the way, very proud of it : )
BradBurnette

posts: 22

Mar 27, 2008 9:00 PM ET    Quote  Report Abuse
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WheelsRCool makes a good point. There is nothing wrong with wanting to be wealthy or pursuing wealth, but be sure to pursue it in an area you are passionate about. I think the reason for this is that you will find your passion goes a long way in helping you do things right. Be it how hard you try, how long you`re willing to work, the hurdles your willing to jump, the falls your willing to take, etc.

What are you doing now WheelsRCool? Any pursuits as an FMC?


-------------------------

Team: Leadership Development Service Provider
"If you`re going the opposite direction of everyone else, keep going." - Sam Walton
"If you know how much you make per hour, you don`t make much." - Orrin Woodward
05mustang

posts: 36

May 04, 2008 3:26 PM ET    Quote  Report Abuse
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Interesting. I liked the point about how successful ventures with two or more founders are.  My friend bears this out. He`s on his second venture with the same two partners and he`s about to cash out AGAIN and make a really nice sum for his efforts.  They seem to complement each other very well.
 
My challenge has been finding like minded people to team with me.  They`re either idea killers or dead weight that bring nothing to the table. 
LifeTranscender

posts: 140

May 10, 2008 10:45 AM ET    Quote  Report Abuse
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Mustang,

I`ve heard it and experienced it before!

As my mentors has said, "You have to weed
out the pigeons to find the eagles." And there`s
a whole lot more pigeons around.

We must get around more people to find
and to make connections we desire. Attending
more seminars, conferences and workshops
to expand our territories.

Continue to have an outstanding weekend!

Won`t Be Denied,
C.F. Jackson
LifeTranscender5/10/2008 10:48 AM
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