Donald Trump told a story about himself to his daughter Ivanka in the backseat of a limo driving in New York City.Â They were halted to a red light and saw a bum pan handling for money.Â Donald turned to his daughter and told her that the bum sitting on the curb actually has a higher net worth than he does.Â His daughter was confused and questioned Donald on what he meant. Donald explained that after a series of unfortunate events, he was over 1 billion dollars in debt, whilst that bum is at $0.
You think it’s bad having a few collectors call you during the day, Donald had collectors calling him round the clock (international investors).Â Donald came to a point where he needed to make a move so he decided to call an emergency meeting with his investors.Â Everyone at the meeting was pissed and looking to get their investment return.Â What the Donald did was unheard of and completely unexpected.Â He asked his investors, whom he owed billions of dollars to for MORE MONEY! Many investors decided not to but several did.Â This was the turning point in Donald’s life because with this new cash power, he was able to make various smart investments which brought him out of the red and into the billions of dollars he’s worth today.
When a person reaches a point of being several thousands of dollars of debt, they change into a negative depressed state of mind.Â Imagine what state your mind would be in if you were over a billion dollars in debt!Â When life gave The Donald lemons, he made lemonade, then sold the lemonade and made huge amounts of profits.
I’m not telling you its okay to have debt, good debt vs. bad debt, or anything about finance, I’m telling you that there will always be a time where you have a serious down.Â You’ll hit rock bottom.Â Maybe even more than once.Â People work so hard in their endeavors and fail to reach success, yet little do they know, their success was only seconds, days , or months away.Â In the book Think and Grow Rich, Napoleon Hill tells of a story of these people who were digging for gold but decided to give up.Â The gold was only 3 feet away.
WHEN THE GOING GETS TOUGH, THE TOUGH GET GOING – “When the situation gets critical, those who aren’t weak-willed work harder and never give up.
-Joseph P. Kennedy (1888-1969), the father of (U.S.) President John F. Kennedy
Let’s put our conscious awareness to how our brain responds to our actions.Â Keep working harder and smarter to make your dreams a reality.
I for one have several major projects that require me to work extremely hard.Â I know that I’m literally within a year’s period of time before I make it big time.
What are you quests, adventures, endeavors that you’re struggling with to take off?
The funny thing is that I was just talking to a friend yesterday about the rich and how many have debt levels that fluctuate frequently. As long as the debt is “good debt” meaning it is potential income generating debt (investment into your business, real estate, etc) and not buying luxuries using debt, I feel it’s ok. You still need cash flow to sustain for the long haul, but having debt isn’t necessarily a bad thing.
To answer your question I have my hands in a lot right now. My main venture is http://www.grouptable.com/ it’s really taking off, but is pre-revenue. So I’m living a typical start-up grind life right now.
I agree, some times it’s not bad, especially since it can help in developing stronger credit. Keep at it David, the start-up grind is tough, but it will be the biggest hill you’ll have to go over.
So many of the posts the last few weeks have made me feel jaded toward my own gender.
I actually decided to make a short video about this, I would be grateful if you would possibly take a moment to check it and perhaps leave a comment about what you think, I left the movie url in the “website” field, hopefully you can get to it, I appreciate it greatly
I actually decided to create a simple video about this, I would be pleased if you could possibly take a moment to watch it and possibly leave a comment about what you think, I left the video link in the “website” field, hopefully you can access it, thank you a lot