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Saturday, October 10, 2009
The Richest People In AmericaAmerica's super rich are getting poorer. For only the fifth time since
1982, the collective net worth of The Forbes 400, our annual tally of the nation's richest people, has declined, falling
$300 billion in the past 12 months from $1.57 trillion to $1.27 trillion.
Faltering capital markets and real estate
prices, along with divorce and fraud, pushed the fortunes of 314 members down and drove 32 plutocrats off the rankings...More
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What is the Key to Success? Learning anything can be accomplished through
perseverance and effort.
If
a person struggles with an investment concept, with practice the concept will become easier.
Through perseverance and effort, struggles become challenges and challenges become energizing because we begin
to understand that intelligence is developed through hard work.
What most call genius
or talent was at first a seed of curiosity that was cultivated over time through tremendous and sustained effort. Remember
the addage, a successful person is born of a little inspiration and a lot of perspiration?
Carol S. Dweck, in Scientific American (Nov. 07) states that "more than three decades
of research shows that a focus on effort - not on intelligence or ability, is the key to success...in life."
To your fabulous future and expanding success! Scott
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