The following nine myths are detailed in Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity: Myth 1: Scarcity Drives The Marketplace The marketplace is driven by the notion that resources are limited and the world is a zero-sum game: anything that another wins is no longer available to all others. But this … [Read more...]
Exposing Financial Sacred Cows
The current economy is rife with uncertainty. The danger is that uncertainty creates optimal conditions for financial myths to be created and for existing myths to be reinforced. When people make decisions from fear and scarcity, rather than confidence and abundance, destructive myths gain an even greater stronghold. Myths become “sacred … [Read more...]
5 Ways To Influence the External Economy With Internal Decisions
Every expert in America agrees that our economy is under serious strain. We even hear speculation that the U.S. is headed for another Great Depression. The government bailout of Fannie Mae and Freddie Mac will cost taxpayers $5.3 trillion. The $700 billion bailout of other notable financial firms is a Band-aid approach to a gaping-wound … [Read more...]
Determinant Paradigms: Scarcity vs. Abundance
“Riches secured on the competitive plane are never satisfactory and permanent; they are yours today, and another’s tomorrow. "Remember, if you are to become rich in a scientific and certain way, you must rise entirely out of the competitive thought. You must never think for a moment that the supply is limited. "Just as soon as you begin to … [Read more...]
Consumers, Producers, Scarcity, & Abundance
"Always make your contribution bigger than your reward." -Dan Sullivan When it comes to your personal prosperity, one of the most important things you can learn and internalize is the critical difference between Consumers and Producers. The decision to become a Producer, no matter what life throws at you, will determine your prosperity more … [Read more...]
10 Financial Myths to Defeat in Economic Downturns
America has been plagued by financial myths since the Great Depression. With the current recession, perhaps the threat of even another depression, it’s time to expose these financial myths. Anyone who can see and apply the truth beyond the myths will prosper, even under adverse economic factors. The following are ten financial myths—overcome … [Read more...]