POINT 4: FIND FINANCIAL HEROES TO EMULATE When it comes to investing, too many people make it sound hard. Instead of listening to the naysayers, find heroes who make it look easy and listen to their stories. Emulating heroes is learning at its best. When I was a kid playing football, I was full of admiration for Diego Maradona, Pele, and George Best. They were my heroes and I learned everything I could about them, their stats and their style of playing, which improved my own game even if it didn’t catapult me to the major leagues. And over the years I developed new heroes. Today I learn everything I can about people like Robert Kiyosaki, Donald Trump, Warren Buffett, Peter Lynch, George Soros, Bill Gates, and Jim Rogers. I know their “stats” through and through, that is, their successes and their style of investing. For example, I follow what Warren Buffett invests in and read about his point of view on the market, and I follow Donald Trump’s business deals, trying to discover how he negotiates and puts them together. When I first started negotiating real estate deals, I subconsciously acted with the bravado of Trump. When I was analyzing a trend in the stock market, I would recall Beating the Street by Peter Lynch and look at the trend as if through his eyes. If you find heroes to emulate, you’ll tap into a tremendous reservoir of power that will help give you strength. Look over your life so far. Think of the activities and subjects that have most inspired you. Were there any personal heroes who sparked these interests and kept them alive? What lessons did you learn from them? If you’re as committed to financial freedom now as you were to your passions of the past, then seek heroes who will help light the way.
Posted on: Wed, 14 Aug 2013 07:19:52 +0000
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