Thread: Investing 102
View Single Post
  #1617  
Old 06-10-2012, 06:15 PM
Spiffav8's Avatar
Spiffav8 Spiffav8 is offline
Lateral-g Moderator
 
Join Date: Apr 2007
Location: Las Vegas, NV
Posts: 4,754
Thanks: 594
Thanked 480 Times in 233 Posts
Default

Quote:
Originally Posted by GregWeld View Post
I've preached many times -- about controlling the expenses -- then you don't need as much income if you don't have much outgo!!

Where most go awry is that they wait too long to start on their saving/investing. Then -- unless there's a super lucky event... they're just so far behind the curve they can never catch up.

Then there's the attitude that I run into all the time where people have just given up... or say to me... "well... I don't have 10 grand to invest". No - and they never will - because you don't save 10 grand at a whack -- you save $50 bucks a week and eventually you have $2 grand... and so on.

I've really come to the conclusion that it's MIND SET not income levels or even luck.

When I was in business --- I'd pitch a deal to a dealer here in Seattle and the guy would say to me --- well... if I could have 4 colors in that trailer load instead of 3 you have a deal. Okay then! Dude - let's rock and roll! Same deal pitched to a dealer in Portland - and the guy would stare down at his feet and say... Gee... I could never do anything like that.

Yep! You're right buddy - because you have a failure attitude! They have a plan to fail not a plan to succeed. I used to call Portland the "welfare attitude" -- they always let someone else taste all the success. Seattle dealers had the "can do" attitude -- they would rise to the challenge and tackle it head on. It's why I moved from Portland to Seattle in 1984... It was all about the attitude.
A truer word has never been spoken.
__________________
Curtis
Pilots: We're not better than you, just way cooler.

NO ONE IS COMING. IT'S UP TO US.

http://www.navysealfoundation.org/
Reply With Quote