One of the things I’ve always tried to do in my trainings is to be open. To be transparent. I like sharing my life and my career with my students, and I love it when they share theirs with me.
During the course of my career, I have been personally involved in dozens of different businesses, hundreds (maybe thousands) of real estate deals, thousands of stock market trades, and numerous other endeavors. Many times I’ve been successful. Many times I have failed.
But no matter the outcome of a particular business, deal, or trade, I always learned from it. If it was a success, I took note. If it was a failure, I REALLY paid attention! The point is, my success rate has improved along the way. That’s because of the thought processes I’ve developed when it comes to evaluating opportunities. And I call these principles and thought processes my success formulas.
Today, someone can approach me with any deal—with any business opportunity—and I can make the decision based on these formulas. I hope you’ll use them to enhance your investing, business, and personal life as well.