Overall, hard work might not be the only disparity separating the rich from the poor, but it certainly enhances any other advantages the average professional brings to the economic table. Lawyers, doctors and other high-end professionals, for example, make more money than most partly because they’ve put in more hours in school and at work. [...]
If invested carefully, the extra money you put away year after year from all your overtime labor will compound. Compounding produces a snowball effect because interest earnings grow from an ever-increasing baseline each year, so long as you reinvest the distributions and dividends. The effect of compounding is that extra earnings continue to rise each [...]
Even though your attitude is focused on winning, you should not be emotionally attached to the outcome of any one transaction or activity. Cut your losses if you are certain that you’ve failed because moving forward, you are going to need a clear head to achieve the highest possible volume of transactions, in as automated [...]
