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Wealth Building Strategies

How To Become An Opportunity Magnet

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Posted by Eamonn Percy - The Percy Group

on Sunday, 22 May 2016 09:38

“Don't go around saying the world owes you a living. The world owes you nothing. It was here first."  – Mark Twain
 
opmOn the Offense for Opportunity
Success requires taking frequent small structured steps, while seizing infrequent large opportunities. These large opportunities are usually the events in our life that transform us, while the daily rigorous and structured steps we take prepare us for these opportunities. The steps are defense; the opportunities are offence.
 
When these opportunities appear, it requires bold and courageous action to seize them. The trick is to be prepared, recognize opportunities and don't let them slip by.  These big opportunities occur infrequently, perhaps only a couple of times a year. When you see it and it looks good, pounce on it! Do not procrastinate or be fearful.
 
The Opportunity Mindset
Keep your hunt for opportunity at the front of your mind. Have you ever had the experience of buying a new car, on the way home from the dealership, it looks like every second car on the road is the same as the one you just bought? Your brain has tuned in to that particular car, so that’s what you see. Opportunities are like that: there are lots of them, but your brain must be trained and in tune to spot them.
 
Here are the things you can do daily to become more opportunity-oriented:


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Wealth Building Strategies

How The Power of Compounding Can Make You Wealthy

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Posted by Eamonn Percy - The Percy Group

on Sunday, 15 May 2016 11:00

compound“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.”

- Robert G. Allen

Have you heard of “The Tale of the Wheat and Chessboard?”.  It is based on a story about the invention of the game of chess. The story goes that the inventor showed the chessboard to his king, who was so impressed that he asked the inventor to name his own reward for the accomplishment. The inventor, who understood compounding, only asked that he be given a single grain of wheat for the first square, double on the second square and so on for the balance of the board, which the King quickly agreed. The king sent his treasurer away to get the grain for the inventor and after he had been gone for a week, became worried. He called for him to ask what had happened, and was told that, through the power of compounding, the King owed 18,446,744,073,709,551,615 grains of wheat! The King had gotten a quick lesson in finance and the power of compounding.



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Wealth Building Strategies

Self-Leadership Learn to Lead Yourself Before You Earn the Right to Lead Others

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Posted by Eamonn Percy - The Percy Group

on Tuesday, 03 May 2016 13:09

"Nearly all men can stand adversity, but if you want to test a man's character, give him power." - Abraham Lincoln

compassThe biggest leadership challenges I ever faced in my career invariably ended up within me.  While the initial problems may have been external, the battle to solve the problem was fought in both my mind and heart.  This internal struggle by a leader to know, do, and be the right thing, at the right time, becomes the true test of character.

Leadership trouble erupts when the external problems overwhelm the internal abilities and emotions, usually as a result of insufficiently developed good leadership habits and self-disciplines.  While literally any dummy can be a good leader during great times by maintaining the status quo, true leadership is tested during times of tremendous stress, strife, change and conflict.  Just like a top athlete who is paid to perform for the entire season, the athlete earns his or her pay in the critical moments of a championship game.  This game-ready leadership state starts with developing and then maintaining tremendous levels of self-discipline compounded by systems that do not fail while under stress.

I first noticed this in the corporate world, while starting my career in a 1,400 person high-volume, advanced electronics manufacturing facility, which was an incredibly fast-paced and stressful environment.  Some of our skilled, long-term production supervisors could withstand almost any chaos that came their way (fires, fights, equipment breakdowns, etc.) with inner calm, the new supervisors (myself included) had not developed that inner fortitude. 

Over the years and through subsequent executive roles, I realized that I needed to develop myself to a high level of self-discipline and good habits, in order to exude confidence and calm to others for whom I had the responsibility of leading. 

This has been a lifelong project, and today, I want with you to share the three most important principles that helped me develop self-leadership.

Self-leadership Principle #1:    Make self-discipline a priority



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Wealth Building Strategies

How to Win the Loser's Game - Part 8

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Posted by Sensible Investing TV

on Wednesday, 20 April 2016 10:47

 So, how can ordinary investors apply the academic evidence - the lessons learned from more than a hundred years of rigorous research? How can they apply that to achieving their financial goals?

Well, this might sound dramatic, but the work of Louis Bachelier, and of Nobel Prize-winners like Samuelson, Sharpe and Fama, should make us question almost everything we thought we knew about investing; and almost everything the financial industry and the media tell us we should be doing. Let’s watch….

“If you are serious about investing and building wealth the video documentary series ‘How To Win The Losers Game” is a must see. It’s excellent. 

After watching the video if you want to learn more about better low-cost, long-term, low-maintenance, diversified investment strategies, download our free guide “12 Essential Ideas For Building Wealth” by clicking on the banner at the top of this page.

Paul Philip, Financial Wealth Builders Securities

columbia u

 

 

 

 

 

 

 

 

 



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Wealth Building Strategies

Six Steps to Building a Great Team!

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Posted by Eamonn Percy - The Percy Group

on Tuesday, 19 April 2016 19:29

summary1“Few things can help an individual more than to place responsibility on him, and to let him know that you trust him.”

- Booker T. Washington

Great leaders recognize that nothing is complete within isolation, and focus on building great teams. In business, we often talk about the importance of teams, but rarely take the time to truly plan out our effective teams. There are five traits necessary to building a great team.

How to build a world-class team

  1. Focus on building the team before you need to accomplish the big task. By getting the right team in place before the main task is executed, people will feel that they are part of the bigger picture and be more committed.


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