Archive for May, 2010
The Amazing Power of Perseverance
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The evening before Easter, Jennifer and I sat outside in the backyard of some friends enjoying a barbeque as we listened to an amazing story. We sat at the table with a woman who we hadn’t met before but knew of through our mutual friend. We were asked to pray for her last summer.
She had contracted an antibiotic-resistant bacterial infection that attacked her body full force. She was hospitalized as the doctors fought to keep her alive. It went into her blood and attacked various organs as well as her extremities. The doctors bombarded her with massive doses of antibiotics only to have the infection flare up again somewhere else. She said, “At one point the doctors had given up all hope of my survival as the infection took over my body.” Read More→
14 Laws of Successful Investing: Tap into Prayer Power
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“If you begin with a prayer, you can think more clearly and make fewer mistakes,” Sir John Templeton.
“Ok,” you may be saying, “I’ve tried some of these investing principles. I’ve worked hard at them. But I still struggle. I can’t seem to get ahead. I make mistakes. I can’t keep it all going.”
Hello, welcome to the journey. We all struggle at times. We get blindsided. We ride through terrifying meltdowns. And it causes confusion and sometimes downright panic. In the midst we grow despondent and want to give up. But if we give up then we lose. What do we do? Read More→
14 Laws of Successful Investing: Fail Forward
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“The only way to avoid mistakes is not to invest–which is the biggest mistake of all. . . . The big difference between those who are successful and those who are not is that successful people learn from their mistakes and the mistakes of others.” Sir John Templeton
Hey, let’s be honest, we all mess up. Then, we look at others who are successful and think, “I’ll never be as successful as they are. They’re smarter, luckier, better educated (you name it). They haven’t made the mistakes I’ve made. I’ll never get ahead.”
And when we screw up investing we can think, “Boy, I’m not going to do that again. I’m not taking any more chances. From now on I’m putting my money in safe investments. Think of what I’d still have if I’d done that this time.” And we grow so conservative we won’t take any risk so we give ourselves no hope for gain. Read More→
