...I will give you two pieces of advice. Invest as much in yourself as you can; you are your own best asset by far. Then follow your passion; you want to be really excited to get out of bed every morning.
You've got to invest your own time, invest your own resources into creating a better world, not only for yourself but for the people you surround yourself with.
I'm often asked how to start investing with little or no money. Please hear this as this is the hardest thing for people to understand: you do NOT invest with money! You invest with your mind! No matter what the field, your biggest asset is your mind. Once you have knowledge, you find deals, find your team and use other people’s money. You sell the deal and your team to get investment money.
Generally speaking, investing in yourself is the best thing you can do. Anything that improves your own talents; nobody can tax it or take it away from you. They can run up huge deficits and the dollar can become worth far less. You can have all kinds of things happen. But if you’ve got talent yourself, and you’ve maximized your talent, you’ve got a tremendous asset that can return ten-fold.
The first business asset you should invest in is yourself.
Once, a friend’s mom said to me when I was very young 'You can't really invest in your looks as the only thing because it's a depreciating asset. I think this is trueit’s like putting money into a stock that’s going down. Put your money, put your effort, invest in your brain and talent which will appreciate and get better as you get older.
I was smart enough to save my money. I invest. The biggest thing you can invest is something they don't have a lot of, is land. I own a lot of it.
A home is still the biggest asset that most Americans own.
Control is not leadership; management is not leadership; leadership is leadership is leadership. If you seek to lead, invest at least 50% of your time leading yourself-your own purpose, ethics, principles, motivation, conduct. Invest at least 20% leading those with authority over you and 15% leading your peers. If you don't understand that you work for your mislabeled 'subordinates,' then you know nothing of leadership. You know only tyranny.
Just like basketball, MMA is all about taking what you're given and exploiting it as much as possible. Strength and stamina are important, but a clear mind might be your biggest asset. Of course, keeping a clear mind while someone twists your arm behind your head isn't all that easy.
The biggest asset you have is your earning capacity, and that depends entirely on your attitude.
Your biggest asset is a positive attitude. That more than anything else determines your earnings.
You can't really invest in your looks as the only thing because it's a depreciating asset. It's like putting money into a stock that's going down.
If you look to lead, invest at least 40% of your time managing yourself - your ethics, character, principles, purpose, motivation, and conduct. Invest at least 30% managing those with authority over you, and 15% managing your peers.
The biggest challenge is to fulfill your own ideas about yourself.
I think there are probably too many asset management companies in the world, and I think the place to be is either big or small. The area where it is probably more difficult to be is in the middle ground, where you've got that cost of regulation, you've got the cost of buying your own research, you've got all the costs of running an asset management company without the benefits of a big income producing asset.