The Official Guide to Success by Tom Hopkins

Author:Tom Hopkins [Hopkins, Tom]
Language: eng
Format: mobi
Publisher: Tom Hopkins International, Inc.
Published: 2013-01-27T14:00:00+00:00

50—GO FOR THE LARGEST RETURNS

A trained seal gets a bit of fish after every little trick. Dealers in casinos get paid after every shift. Hourly workers take a check home once a week. The same company’s higher-earning salespeople take their commission checks home once a month.

Real estate agents frequently wait three months for a transaction to settle and make their fee payable. Real estate developers frequently expect three years to pass before the profits from a new development are theirs to spend. Aging their output so that it will command the highest price takes the producers of liquors and many other items even longer, and breaking into the highly paid levels of many professions takes at least ten years of training, experience, and all-out effort.

The world’s most successful corporations are investing now in new products and processes that may be twenty years away from showing a profit. The world’s most successful lumber companies routinely plant trees they expect to harvest after half a century has passed.

You may be considering a long-range project that involves investing time and money in a business venture or in career training. In either case, the project must be intelligently conceived and carefully managed throughout its term. New developments must be adjusted to and current expenses provided for. If all of these requirements can be met a wonderful thing happens:

The years that pass multiply the money invested and create dramatic profits.

If you want to realize greater gains, put yourself in a position to invest your time and money in projects that develop over a longer period of time. Why do the longer-range projects pay off so much better? Because there’s so little competition. Very few people are financially capable of waiting, and even fewer are emotionally capable of doing so.

Twenty percent aren’t interested unless they can get it right now, and 30 percent won’t wait any longer than tonight. Forty percent can’t be bothered if the payoff is more than a week away, and 60 percent never stick with anything unless it’ll come through this month. Eighty percent lose interest before the season ends, and 90 percent are gone before the year is over.

In other words, only ten people in a hundred are interested in anything they can’t cash out of in a year. Of that ten, only one is emotionally capable of investing continuous effort and time in something that won’t be profitable for five years or more.

The longer the time, the greater the payoff.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.