Many wealthy people often credit their fortune to taking risks that paid off handsomely. They also testify that their risky ideas required courage to follow through, which makes their rewards even better. There are a few factors that contribute to the success of risk takers.
First, risk takers are practical thinkers. They do not have their heads in the clouds, and they do not implement any idea that pops into their minds because they know which means of creating wealth will work best for them. The common misconception is that they take risks blindly, when in fact they thoroughly test their ideas before implementing them. They look for practical opportunities, wait for a favorable time to make the most of the opportunities, and then assess their chances at making gains for themselves.
These individuals evaluate themselves and work according to their abilities. They have a high sense of awareness of their personalities and preferences, as well as a sense of acceptance of who they are. These characteristics help risk takers to remain level headed in case the risk that they have taken backfires, as well as keeping them down to earth when the opportunity succeeds. They know what they are capable of and are happy with it, which enables them to stick with their choices. In the long term, risk takers reap the benefits of their patience.
They also appreciate innovation and new ways of thinking. They always have ideas in their minds that can help them create wealth, and also encourage others to express their ideas. This is part of the reason why such people are often referred to as crazy people, because some of their ideas and inventions are unconventional, and in many cases, it is their unconventional ideas that make them wealthy.
Risk takers keep taking risks. They are consistent and determined to achieve success, and they do not s (more…)
Risk-taking seems to be built into the DNA of the rich. Not surprisingly many are avid card players, such as financier Henry Kravis, Investor Steven Cohen and Carl Icahn and the nation’s most famous bridge partners, Bill Gates and Warren Buffet.
Real Estate and social establishment tycoon Phillip Ruffin admits being guilty of playing Black Jack. The infamous game of chance (you know the one that requires you to wear a vacant expression) was entertainment mogul John Kluge’s pleasure during his college years and by the time he graduated from Columbia University in 1937, he had amassed $7,000 in winnings.
For many, the same calculated mind-set applies to business dealings. Motivational speaker and author, Robert Kiyosaki often has this quote cited “People who win are careful with their thoughts not saying ‘I can’t do that’ or ‘I can’t afford that?’ or ‘How can I reduce my risk’ or ‘how can I afford it’.
Where some see risk, these billionaires see opportunity and make calculated bets designed to recoup their investments in a worst-case scenario. They also share an unshakable belief in their own success–a supreme self-confidence that doesn’t factor in fear of failure.
Ted Turner, for one, stared down his critics when he gambled on a 24-hour news station. Today CNN commands audiences of 86 million households worldwide. Rupert Murdosch has a 53-year-record fighting prevailing opinion. Critics thought a national paper would never fly in Australia in the mid 60’s but The Australian is now the country’s top seller.
A tougher call was starting a new TV Network in the United States where ABC, CBS and NBC reigned supreme. Yet Fox Network, which premiered in 1996, has overtaken its rivals in ratings in the past few years. A new venture geared to the ordinary investor Fox Business New Network was off to a bumpy start in early 2008 (more…)
There are a lot of people that find a need to get rid of things in order to make ends meet. The economy is in such a state that parting with treasured items can be the only thing left for some people. This could be why there are so many people selling gold coins these days.
If this is something that you feel must be done, there are some things that you should keep in mind. You will want to know what amount of gold the coins you own really contain. This is a must if you are going to have them evaluated correctly. Being ignorant of this can prove a costly error.
Looking at various places that buy coins is another thing that needs to be done. Getting quotes from them can give you an idea as to which one will give you the best deal in exchange for your coins. After getting a bunch of quotes, sit down and compare the differences between them. It should be quite clear which is the best option.
Sometimes looking at buyers online can be a more economical route for a person to take. There is no cost in regards to gasoline and you will get the quotes very quickly. This can save you a lot of money when it comes to selling gold coins that you own.
Looking around at the options available when it comes to people that buy coins is something that you also need to look at closely. There are people around that are not what they claim to be and you could end up getting ripped off if you are not careful. Choosing reputable dealers can be done with the help of people that you know or by asking people that are familiar with this type of thing. Many antique dealers have knowledge of people that deal with coins and other items similar.
This is where having an idea of what the value of gold coins is before selling becomes something very important to know. It can be a way for you to determine the legitimate buyers from the frauds.
There (more…)
