B$@*# SLAP (via Urban Dictionary): To open handedly slap someone. Denote disrespect for the person being slapped as they are not worthy of a man-sized punch. Suggests the slap was met with little resistance and much whining.
Excuse #1: “Money doesn’t buy happiness.“
Translation: “I’m broke”
Now, I’ve been broke and I’ve been rich, and trust me, the view from the peak of financial freedom is much better than the dungeons of poverty. People who equivocate that “money doesn’t buy happiness” have already concluded that they will never have money, therefore, why save it? Why try to create wealth? The problem with this excuse is that it becomes the torch-bearer to your poorness, and since you’ve errantly concluded that money has no correlation to happiness, you sap your motivation to create any.
Bottom-line? Money, used incorrectly, doesn’t buy happiness; however, money used properly buys freedom and freedom is one parcel in the wealth trinity. The last time I woke to an alarm clock was probably back in the 1990s and that is because I don’t have to worry about getting up at 6am for a job … yeah, like that’s not gonna make ya happy!
Excuse #2: “I have no time.“
Translation: “Wealth isn’t my priority, but sitting on the couch watching American Idol is.”
Probably my favourite excuse, because those who claim they don’t have time, waste time.
These are the people whose butts are parked on the couch watching every episode of Dancing with the Stars. They’re online playing Facebook Mafia Wars or Farmville. They’re at the bar getting jacked up on beer while watching their team lose another game. They’re standing in line for 4 hours waiting to save $20.
Yes, you don’t have time because your time is foolishly squandered in immediate, mediocre comfort now, over long term, meteoric comfort later. Invest your time in something that can yield a bountiful Return On Investment, not just with money, but with time.
Excuse #3: “I don’t know how.“
Translation: “I’m too lazy to find out how.”
The Internet is an amazing thing. Anything you want to know is out there.
If you don’t know how, it’s because you don’t want to know HOW bad enough.
When I graduated from university, I knew nothing about trading. So how did I learn? I sought knowledge and made a disciplined effort to find out how. I taught myself, read books from the library, went to seminars, joined coaching programs, got a personal mentor/coach — whatever you need to know, it is out there!! All it takes is your discipline in time and effort to FIND IT. I don’t know how is just an excuse to be lazy.
Excuse #4: “I don’t have money (to start)” or “It takes money to make money”
Translation: “I’m not willing to get my hands dirty”
You don’t need a lot of money to start out because the best of what you have to offer is yourself – good old human capital. Human capital is the noodle between your ears, your creativity, your hard labour, your ingenuity, and your willingness to get down-and-dirty in the trenches to do the work that most won’t. I started my trading career with $900. With 900 bucks and my own human capital, I learned how to trade and created SOMETHING from almost NOTHING.
Human capital are your ideas put into tangible form. Human capital goes on eBay and finds opportunity. Human capital learns a new skill and deploys it. Human capital learns how to code an iPhone app, puts it on iTunes and makes 1/2 million dollars. Human capital is working at 2 am while the world sleeps.
Excuse #5: “Starting a business trading is risky”
Translation: “50 years of jobs, saving 10% of my paycheck, 401(k)s, and penny-pinching will someday make me rich.”
Sure, starting a business trading isn’t all lollipops and sunny skies. However, if the slow lane is your financial plan, I’ve got news for you:
The slow lane is a bigger risk because it forsakes CONTROL for HOPE.
Lets see, HOPE you can get a job and keep it for 50 years, HOPE the markets don’t crash, HOPE the boss doesn’t cut your hours, HOPE you don’t get laid off, HOPE your pension isn’t mismanaged by company executives … and you think this is risky? When you don’t control your financial plan, you don’t control RISK. Slow-laners assume the biggest risk of all because they relinquish control and give it the boss, the company, and the markets.
Excuse #6: “I’m not lucky“
Translation: “You need luck to get rich.”
Luck happens when your probabilities shift from “never” to “likely“. If you’re surfing TheDirty.com for 3 hours a day, yeah, you aren’t gonna get lucky because your probabilities are stuck in the “never” zone.
Luck is the residue of process.
Luck is the residue of being out there and getting it done.
Luck is the residue of action.
When you engage in process, process shifts the probabilities of luck in your favour.
Who’s gonna get lucky? The aspiring inventor who created 3 prototype inventions and trolls the invention conventions? Or the guy sitting in his basement killing ogres in the latest Dungeon of Doom?
If you want to get lucky, get busy.
So…what excuses have you heard? Or worse … used?