Posts Tagged ‘new’

“Aging is not lost youth but a new stage of opportunity and strength.” -Betty Friedan

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“‘Switching teams’ requires two things: 1) admitting you are wrong, and then 2) wholeheartedly embracing the new ‘correct’ thinking…. Switching teams requires a unique combination of humility and (oddly enough) confidence.

So my personal differentiator between ‘smart’ and ‘truly brilliant’ is simple: It’s how quickly you are willing to switch teams when you are proven wrong….

Changing your mind isn’t a loss… In fact, it can make you that much better and more effective at what you do. But it takes both guts and wisdom to understand that.” -Steve Sjuggerud

Life Plan

Posted: March 21, 2019 in Thought for the Day
Tags: , , , , , , , ,

“I think you have to plan your life and be willing to stop at a moment and take a new opportunity when it fits within what makes sense to you.” -Justice Sonia Sotomayor

“People always say Thomas Edison failed at making the light bulb a thousand times in a row. He didn’t fail. He was experimenting with different filaments of wire. He was trying new ideas. And he learned every time. Again, nothing is really ‘failure’. Unless you label it that way. And give up.

I treat everything as an experiment. It helps me start something new. And it helps me prevent getting stuck in the past.

FAILURE = EXPERIMENTATION”

-James Altucher

“Traditionally, inflation has been defined as ‘an increase in the amount of currency in circulation’….   Unfortunately, in recent decades, even dictionaries have been offering a revised definition of inflation, as ‘an increase in the price of goods and services’….

The purpose of bank-created inflation is to extract wealth from the populace.  By regularly increasing the amount of currency in circulation, banks create an environment in which the concept of debt appears to be beneficial. As a result, virtually everyone in today’s society not only has debt; he actually believes that he couldn’t improve his life except through debt….  In essence, the inflation concept was invented by banks as an invisible tax—a means by which they could extract wealth from the populace.

In effect, the individual is used by the banking system as a milk cow. For his entire working life, inflation is carefully adjusted to extract as much monetary value from his labours as possible, whilst still leaving him capable of continued production….

Refuse to borrow money for any situation. Yes, it will mean that, as your friends show off their new cars, you’ll be driving an older model. They’ll also live in nicer houses than you and they’ll ‘own’ their own house before you do. But, at some point, since you’re free from debt, you’ll pass them by and eventually retire well.

By understanding inflation, and acting on that understanding, the odds of living your life as a milk cow can be greatly diminished.”

-Jeff Thomas

“You’ll never guess what’s leading consumer debt higher now, at this stage in the cycle… mortgages… specifically, a new type of Fannie and Freddie mortgage product. It’s called ‘The Conventional 97’. It only requires a 3% down payment.

What’s ‘conventional’ about this kind of loan? Nothing, of course. No private lender would ever make a loan like this where the lender is taking all of the risk.” -Porter Stansberry

“It’s about breaking things down to their fundamental problems and finding alternate, better ways to do things that have been done traditionally. Lateral thinking means approaching a problem from a new or different angle.” -Shane Snow