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Wealth Building Strategies

ACCTion Makes You a Business Hero

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Posted by Eamonn Percy - The Percy Group

on Tuesday, 26 July 2016 10:28

Screen Shot 2016-07-26 at 10.09.45 AM“Heroes are made by the paths they choose, not the powers they are graced with.” 
― Brodi Ashton

Action, Courage, Character, Tenacity

Great leadership is built upon many small actions we take throughout the day, punctuated periodically by severe crises and significant decisions.  However, in order to prepare as leaders for the severe crisis and significant decisions we must practice daily leadership, so when called upon, we have the mental and emotional preparedness to deal with the significant challenges of the moment.

I have found the ACCT a great reminder of the important aspects of being a daily leader.  Being significant in the small actions of the day puts me into the frame of mind to be the leader of the moment.

Action - Great leadership is about getting things done.  Period.  It's about outcomes not activity.  It's about achieving results and making progress towards a worthwhile goal.  It's about overcoming fear and being hungry to achieve success, all of which require action.  Nothing gets done without action. 



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Wealth Building Strategies

Here’s the Real Reason the “Rich Get Richer”

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Posted by Bill Bonner - Diary of a Rogue Economist

on Wednesday, 20 July 2016 10:55

“Today’s money,” says economist George Gilder, “tries to cheat time. And you can’t do that.”

It may not cheat time, but it cheats far easier marks – consumers, investors, and entrepreneurs.

It took us a moment to understand what Gilder meant. Then we realized he’s right. 

Time is the ultimate limitation… the ultimate truth… the ultimate fact. 

Time the Taskmaster

You’ll recall. There are facts and there are myths. The facts are true no matter what you think. Everything else is opinion, conjecture, or claptrap. 

Elizabeth, your editor’s wife, has a different relationship with time than he does. He sees it as a taskmaster… strict and unyielding. 

The sun rises. It sets. If you goof off during the daylight hours, the opportunity will be gone forever. That part of your life will evaporate, like the morning dew, never to be seen again.

Elizabeth takes it personally. If she is running late, she expects time to slow down and wait for her. She thinks the sun ought to linger a little longer before saying goodnight… giving her time to finish her email before starting dinner. 

She is annoyed when it doesn’t. 

Elizabeth treats time like a movie she is watching on her computer. When the telephone rings in the middle of it, she wants to put time on hold, until she is ready for it to resume… or even push a button to make time back up, so she can relive particularly interesting segments.

“The party starts at seven; it’s already quarter after; we’re late,” we say grumpily, after waiting in the car.

“Well, maybe you could drive a little faster so we could get there on time.”

UnknownNo More Real Money

Alas, time does not cooperate. 

Time is a “fact,” not a myth. It does not back up. No matter how much you wish it would slow down… or what you think about it… time moves on.

Real money is similarly indifferent to the wishes of tardy commuters, cash-short consumers, and manipulating Fed chiefs. 

Like the ancient Greek Moirai, the goddesses who measured out the thread of life, real money is beyond the control of man. 

The last of the three goddesses, Atropos, was known as “she who cannot be turned.” It was she who cut the thread when your time came to an end.

Real money, like real time, cannot be jigged or jived. It can’t be stretched or compressed. It is what it is.

But that was then… pre-1971. This is now. 



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Wealth Building Strategies

The Magic Of Metrics

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Posted by Eamonn Percy - The Percy Group

on Tuesday, 12 July 2016 10:30

Screen Shot 2016-07-12 at 10.15.04 AMWe have heard it so many times, "What gets measured, gets managed!".  Yet, many business leaders today often overlook this simple rule and neglect to implement an effective metrics system that drives performance, monitors results and creates enduring shareholder value. 

Why is this?  I believe many managers either think it is too complicated, not effective, and/or time-consuming with little impact on the bottom line.  Nothing can be further from the truth.  An effective metrics system is easy to implement and maintain, has an incredible impact on the health of the business and is one of the most critical levers that can be applied to accelerate the growth of your business.  Properly designed and implemented, a metrics system can be the one, truly objective voice that speaks to you on the current health and future viability of the business.

If you are interested in setting up a simple system to truly measure effectiveness, do the following:



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Wealth Building Strategies

How to Execute Well: Plan-Do-Check-Act

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Posted by Eamonn Percy - The Percy Group

on Tuesday, 28 June 2016 10:18

o-SECRETS-OF-SUCCESS-facebook‘Discipline yourself and others won’t need to.’

- Coach John Wooden

Everybody needs a plan! Coaches have a game plan.  Pilots have a flight plan, investors have an investment plan, architects create a building plan, and the list goes on. Nothing of great substance happens without a plan. Of course, plans are not worth the paper they are written on if they don’t elicit action.

Losers plan, plan, and plan some more. Winners Plan for success, Do something, Check the results, Act again to make the plan better, and then repeat the whole cycle.



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Wealth Building Strategies

Anatomy of a Successful Short Sale

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Posted by Connecting the Dots - Mauldin Economics

on Thursday, 23 June 2016 07:51

Recently the Stock Market moves down are fast and deep. This shows a way to make money from falling stock prices, and the process of identifying stock market dogs to protect yourself from a rising market  - Ed.

bearmarket1 600x400

 

 

I get a lot of questions about short selling, probably because most investors have never done it.

Short selling is the sale of a stock that is not owned by the seller in anticipation that the stock’s price will decline, enabling it to be bought back at a lower price to make a profit. If you can identify stocks before they fall, you can make a bundle of money via short selling.

To help you understand the mechanics and opportunity of short selling, I want to walk you through my most recent successful short sale to help you decide if short selling is right for you.



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