Golden Box
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.The Law of Accumulation
The Law of Accumulation
By: Brian Tracy
The Law of Accumulation: how your financial fortune accumulates slowly over time and then becomes enormous, like a snowball. The Law of Accumulation: Every great financial achievement is an accumulation of hundreds of small efforts and sacrifices that no one ever sees or appreciates.
Develop Discipline
The achievement of financial independence will require a tremendous number of small efforts on your part. To begin the process of accumulation, you must be disciplined and persistent. You must keep at it for a long, long time. Initially, you will see very little change or difference but gradually, your efforts will begin to bear fruit. You will begin to pull ahead of your peers. Your finances will improve and your debts will disappear. Your bank account will grow and your whole life will improve.
Build Up Momentum
The first corollary of the Law of Accumulation says: "As your savings accumulate, you develop a momentum that moves you more rapidly toward your financial goals."
It is hard to get started on a program of financial accumulation, but once you do get started, you find it easier and easier to keep at it. The "momentum principle" is one of the great success secrets. This principle says that it takes tremendous energy to overcome the initial inertia and resistance to financial accumulation and get started, but once started, it takes much less energy to keep moving.
Start Slow, Finish Fast
The second corollary of the Law of Accumulation says, "By the yard it's hard, but inch by inch, anything's a cinch."
When you begin thinking about saving 10 or 20 percent of your earnings, you will immediately think of all kinds of reasons that it is not possible. You might be up to your neck in debt. You might be spending every single penny that you earn today just to keep afloat.
If you do find yourself in this situation, instead of saving 10 percent, begin saving just 1 percent of your earnings in a special account, which you refuse to touch.
Increase As You Go Along
This small amount will begin to add up at a rate that will surprise you. As you become comfortable with saving 1 percent, increase your savings rate to 2 percent, then 3 percent, then 4 percent and 5 percent and so on. Within a year, you will find yourself getting out of debt and saving 10 percent, 15 percent and even 20 percent of your earnings without it really affecting your lifestyle.
Action Exercises
Here are two things you can do to apply this law immediately:
First, decide upon your long-term financial goals and then resolve to work toward them one step at a time. The first steps are the hardest and you must discipline yourself to avoid backsliding into old habits.
Second, practice the law of accumulation in other parts of your life as well. Resolve to master a subject one page at a time. Lose extra pounds one ounce at a time. Learn a language one lesson at a time. The cumulative effect can be enormous.
cheers,
nkpanjiyar
The Law of Accumulation
By: Brian Tracy
The Law of Accumulation: how your financial fortune accumulates slowly over time and then becomes enormous, like a snowball. The Law of Accumulation: Every great financial achievement is an accumulation of hundreds of small efforts and sacrifices that no one ever sees or appreciates.
Develop Discipline
The achievement of financial independence will require a tremendous number of small efforts on your part. To begin the process of accumulation, you must be disciplined and persistent. You must keep at it for a long, long time. Initially, you will see very little change or difference but gradually, your efforts will begin to bear fruit. You will begin to pull ahead of your peers. Your finances will improve and your debts will disappear. Your bank account will grow and your whole life will improve.
Build Up Momentum
The first corollary of the Law of Accumulation says: "As your savings accumulate, you develop a momentum that moves you more rapidly toward your financial goals."
It is hard to get started on a program of financial accumulation, but once you do get started, you find it easier and easier to keep at it. The "momentum principle" is one of the great success secrets. This principle says that it takes tremendous energy to overcome the initial inertia and resistance to financial accumulation and get started, but once started, it takes much less energy to keep moving.
Start Slow, Finish Fast
The second corollary of the Law of Accumulation says, "By the yard it's hard, but inch by inch, anything's a cinch."
When you begin thinking about saving 10 or 20 percent of your earnings, you will immediately think of all kinds of reasons that it is not possible. You might be up to your neck in debt. You might be spending every single penny that you earn today just to keep afloat.
If you do find yourself in this situation, instead of saving 10 percent, begin saving just 1 percent of your earnings in a special account, which you refuse to touch.
Increase As You Go Along
This small amount will begin to add up at a rate that will surprise you. As you become comfortable with saving 1 percent, increase your savings rate to 2 percent, then 3 percent, then 4 percent and 5 percent and so on. Within a year, you will find yourself getting out of debt and saving 10 percent, 15 percent and even 20 percent of your earnings without it really affecting your lifestyle.
Action Exercises
Here are two things you can do to apply this law immediately:
First, decide upon your long-term financial goals and then resolve to work toward them one step at a time. The first steps are the hardest and you must discipline yourself to avoid backsliding into old habits.
Second, practice the law of accumulation in other parts of your life as well. Resolve to master a subject one page at a time. Lose extra pounds one ounce at a time. Learn a language one lesson at a time. The cumulative effect can be enormous.
cheers,
nkpanjiyar
Don't stop dreaming .... you achieve what you Dream...
Don't ever be reluctant
to show your feelings when
you're happy, give in to it.
When you're not, live with it.
Don't ever be afraid to
try to make things better you might
be surprised at the results.
Don't ever take the weight of the
world on your shoulders.
Don't ever feel threatened by the future,
take life one day at a time.
Don't ever feel guilty about the past
what's done is done.
Learn from any mistakes you might have made.
Don't ever feel that you are alone
there is always somebody there
for you to reach out to.
Don't ever forget that you can achieve
so many of the things you can imagine. ...
It's not as hard as it seems.
Don't ever stop loving
don't ever stop believing,
don't ever stop dreaming your dreams.
cheers,
nkpanjiyar
Don't ever be reluctant
to show your feelings when
you're happy, give in to it.
When you're not, live with it.
Don't ever be afraid to
try to make things better you might
be surprised at the results.
Don't ever take the weight of the
world on your shoulders.
Don't ever feel threatened by the future,
take life one day at a time.
Don't ever feel guilty about the past
what's done is done.
Learn from any mistakes you might have made.
Don't ever feel that you are alone
there is always somebody there
for you to reach out to.
Don't ever forget that you can achieve
so many of the things you can imagine. ...
It's not as hard as it seems.
Don't ever stop loving
don't ever stop believing,
don't ever stop dreaming your dreams.
cheers,
nkpanjiyar
30 Stupid Reasons to Invest !!!
From Rediff
Stupidest reasons to buy stocks
----------------------------------------------
1. It will double in 2 years. (Sensex at 6500).
2. It will double in 1 year. (Sensex at 7000).
3. It will double in 6 months. (Sensex at 7500).
4. It will double in 3 months. (Sensex at 8000).
5. It will double in 1 month. (Sensex at 8500).
6. Company is doing a private placement/FCCB.
7. Company is going to give a bonus issue.
8. Company is going for a stock split.
9. Debt restructuring package.
10. Low PE. (What does it mean, isn't it because the company has no earnings?).
11. Looks good on the chart.
12. Company has got a big order.
13. They are planning an expansion.
14. Company has won some order from China.
15. Wal-Mart is outsourcing.
16. Market will go to 15,000.
17. Rakesh Jhunjunwalla (a leading Indian stock broker) is buying.
18. Warren Buffett is buying.
19. Reliance Capital is buying.
20. A big operator is buying.
21. Fidelity is buying.
22. Japanese are buying.
23. Some fund is buying.
24. The research analyst said it's undervalued. (Analyst know nothing. Period.)
25. They have lots of property.
26. Company is going for a buyback.
27. RSI is low.
28. Good story.
29. It's a long-term secular bull market.
30. My broker says it's a good buy.
Reason No. 31. Good reports are pouring (Not in Rediff story)
cheers,
nkpanjiyar
From Rediff
Stupidest reasons to buy stocks
----------------------------------------------
1. It will double in 2 years. (Sensex at 6500).
2. It will double in 1 year. (Sensex at 7000).
3. It will double in 6 months. (Sensex at 7500).
4. It will double in 3 months. (Sensex at 8000).
5. It will double in 1 month. (Sensex at 8500).
6. Company is doing a private placement/FCCB.
7. Company is going to give a bonus issue.
8. Company is going for a stock split.
9. Debt restructuring package.
10. Low PE. (What does it mean, isn't it because the company has no earnings?).
11. Looks good on the chart.
12. Company has got a big order.
13. They are planning an expansion.
14. Company has won some order from China.
15. Wal-Mart is outsourcing.
16. Market will go to 15,000.
17. Rakesh Jhunjunwalla (a leading Indian stock broker) is buying.
18. Warren Buffett is buying.
19. Reliance Capital is buying.
20. A big operator is buying.
21. Fidelity is buying.
22. Japanese are buying.
23. Some fund is buying.
24. The research analyst said it's undervalued. (Analyst know nothing. Period.)
25. They have lots of property.
26. Company is going for a buyback.
27. RSI is low.
28. Good story.
29. It's a long-term secular bull market.
30. My broker says it's a good buy.
Reason No. 31. Good reports are pouring (Not in Rediff story)
cheers,
nkpanjiyar
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