$ecrets to money making

hassen1 · #1 (**permalink**) 9th November 2006, 06:44 AM

Making money, whether it be through investing in the stock market, real estate, or running your own business, isn’t just about doing the maths and coming out on top with a little luck. For better or worse, success is often determined by you and you alone. Successful people have certain personality traits in common. Here are some of the characteristics of successful moneymakers that can help you rise to the top

hassen1 · #2 (**permalink**) 9th November 2006, 06:57 AM

Be realistic
Realism is the fine line that you walk between optimism and negativity. A successful man is a realist, which means he’s never going to shoot himself on the foot by being negative, but he’s not going to take risks based on unsupported conclusions. Consider Bill Gates. When he left Harvard to develop his vision at Microsoft, he took a huge risk. But that risk wasn’t entirely unfounded. Bill knew what the rest of us would later learn: personal computers would be the wave of the future if only software could be more user friendly. You don’t have to be as far thinking as Bill Gates, but you should learn something from his decision, ask your self whether you’re being realistic. It’s a hard thing to do, but the most successful among us are able to step outside of themselves for a moment and evaluate the situation

hassen1 · #3 (**permalink**) 9th November 2006, 07:19 AM

Be a man of action
The best ideas in the world are useless if they’re not put into action. But action can be a double-edged sward because action for the sake of action can easily be reckless. The mind set that separates the men from the boys in this department is being uncomfortable with inaction. In other words, a successful guy will never sit around waiting for something to happen. He may not invest any money in a given year, but he’ll always be looking and exploring. That’s what made Warren Buffett such a success. His specialty is buying undervalued companies. Buffett has been beating the pants off the S&P 500 since 1965, but it’s not just luck that gets him there. As a man of action, Buffett knows how to harness his aggressive side, but he has the discipline not to go overboard. Berkshire Hathaway, the conglomerate Buffett leads, has $64 billion per year in revenues, which means a lot of buying and selling. But that kind of success keeps him focused on replication. Buffett continues to pursue the stated goals of the company by sticking to his solid business plan. Deviations, even with respect to disbursements (the company has not had a stock split since Buffett took over) , are not allowed. Te theory behind that: don’t fix what isn’t broken

hassen1 · #4 (**permalink**) 9th November 2006, 07:52 AM

Capitalise on your passion/knowledge
If you don’t love it, it’s nearly impossible to get others to love it. By focusing on something that you’re passionate about, you’ll give your self extra resources that cant be quantified. Any financial undertaking is going to be hard and your going to have to put in extra work that you couldn’t have predicted. That’s where the passionate man has an edge. When your working on your passion, you don’t mind the extra work. In fact if you’re really on the right track, it won’t seem like work at all. Larry Ellison, the founder of Oracle, took his passion for mathematics and computers, and revolutionised the database world. That might sound boring to a lot of us, but to Ellison, it was a dream come true. May be your passions don’t have nearly as much commercial upside, but that doesn’t mean they aren’t worth looking at. Sometimes following that passion putting yourself outside the mainstream . A lot of guys shy away from this, and it’s true, you can go too far. But no successful businessman could ever be described as someone who followed the crowed. Successful guys live outside the crowd so they can move the crowd. You just need to make sure you’re not too far removed from the crowed

mini_0 · #5 (**permalink**) 23rd April 2007, 05:52 PM

there are no secrets at all , exactly . you just need to knowthe right information . the right information can be found easily through a minimal effort like seraching and clicking . now whenever you start online work , you must make sure that you check out the information with real people and not with the websites that sell money making products . a making money idea comes for free you do not need to pay for it . real people write blogs and that is the best way to check out the information on the verious ways that theya re making money , plus you are bound to find the tips from them and also what they faced .

ritche · #6 (**permalink**) 24th April 2007, 05:37 AM

Quote:

Originally Posted by hassen1

Capitalise on your passion/knowledge

I 100% agree with you hassen. There's nothing better than to work and earn with what you really love doing. It would be like your not working at all because you enjoy wjhat your doing.

And with that, comes success and contentment.

mini_0 · #7 (**permalink**) 3rd May 2007, 08:25 AM

You call these secrets as tips exactly . The true fact is that most of the get rich schemes, earn a thousand dollars per day, get wealthy while asleep, become a millionaire investing one buck, make a fortune typing at home, find gold in the backyard, etc., are considered fluff, scam, hype or fake. The Internet audience gets overwhelmed, oppressed, by the huge amount of information there is on the net, making it difficult to take their decisions. So advice the newbies to be slow and steady .