Losing Motivation with Your Investing Game? | Lessons on Training Hard from Floyd Mayweather
Don't Become a Complacent Investor | Train Like Floyd Mayweather Complacency will kill all your endeavors, primarily investing. Whether you are an investor or a startup founder, investing in your own business, complacency is your enemy #1. Complacency affects revenue, sales, marketing, management, accounting, and all areas of a business. Complacency is the opposite of diligence and focus. When you are focused, you monitor the company. You will ask practical questions. Are the sales teams performing? Does the business have healthy cash flows? Are they using the cash flows wisely? Is management focused on building the relations, sales, and revenues within the industry? When you are complacent, you have no awareness. When you are diligent, you are aware of what's occurring in the business.
It starts with saving and only buying the things you require to live. Look at each dollar as a choice; make money on this dollar or use this dollar to buy something that makes no money. It's always a choice.
"Evaluating a Business Requires Effort & Diligence, Buying a Business Requires Patience."
--Red to Black Podcast
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