What’s the most powerful force in the universe? According to Albert Einstein – Compound interest. He said “compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” The difference is savings that time makes is amazing, no matter what the amount, my advice …
Author Archives: stevegm
The Largest Barrier to Success
in·er·tia iˈnərSHə noun 1. a tendency to do nothing or to remain unchanged. “the bureaucratic inertia of government” synonyms: inactivity, inaction, inertness 2. a property of matter by which it continues in its existing state of rest or uniform motion in a straight line, unless that state is changed by an external force. The largest …
Failure is a Prerequisite to Success
Once you realize that you have time to fail, everything becomes possible. Thinking you need a bigger house, faster car, more money, all right now, will rob you of the opportunity to take risks. It will deny you the chance to do what you need to do to succeed, which is to try something so …
Chances Are Your Not Viewing Risk Correctly
What is risk? Risk = Uncertainty. If the outcome of an activity is unknown, it is risky. But, that risk isn’t necessarily just associated with a bad outcome. The outcome could be that the project produces a positive return or a negative return. The stock price could go up, stay the same, or go down. …
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Nothing Happens Outside of the Box.
Nothing happens outside of the box. The action is on the edge.
Two Forces Changing Everything
There are two forces changing our economy, entrepreneurship, and everything else: 1. Technology – it seems that the internet is eating everything. There isn’t an industry that isn’t affected by it. It’s not the internet of things that is coming. It’s the internet of everything. And just when we get used to the internet running …
People Trump Strategy
People trump strategy. Having the right plan isn’t enough. You also have to get everybody involved behind the plan, and have them individually in the right positions.
Money as a Technology
What is technology? Knowledge, techniques, methods, and processes that help us complete an objective. A pencil is an example of technology. So are smartphones, light bulbs, and clothes. Yes, clothes. Money is also technology. What is money? Something that has three functions. Money operates as a medium of exchange so that we all accept it …
The Internet of Value
The Internet of Information has been revolutionizing our world since the early 90s. The Internet of Value is starting to take hold. Bitcoin is its first major “app.” But just as email did in the Internet of Information, Bitcoin will also have to contend with other technologies. In fact, at this point it isn’t even …
Your Not Fighting Money or Time
Why haven’t you started the business you want to start? Why aren’t you on the trip you always wanted to take? Why are you not doing what you want to do? If your answer to these questions is money, or time, your not being honest with yourself. And the lies we tell ourselves are the …