Business - 08 - Motivational talks - Carmen lorenzo - notes-2022

Titan Gilroy - Titans of CNC:

"They can take everything out of you, but not your talent" Titan Gilroy - Titans of CNC - titansofcnc.com - amazing personality to get inspired from.

Carmen Lorenzo notes: 

• The moment: Live without fear and savor the present
• The body: Take care of your body and listen to it
• Forgiveness: forgiving yourself, or others makes you feel strong
• The gift: you can start with giving a smile, a courtesy, a kind word:  the effect is immediate
• The humor: never take yourself too seriously
• The challenges: consider problems as a challenge to improve your life
• gratitude: (being thankfull, readiness to return kindness) be aware of what you have
• The responsibility : avoid excuses and take responsibility
• Envy: thin about your success without comparing it to that of others
• Listening: if in doubt ask for advice from those who are more experiencedthan you, and treasure the wisdom of others
• Approval: if you are sure that your path is the right one, follow it
• Simplicity: avoiding chaos by promoting order reduces stress

Jim Rohn quotes

Don`t wish	Wish
it was easier	you were better
for less problems	for more skills
for less challenges	for more wisdom

• design your own life plan, to not fall into someone else`s plan: which is nothing
• success is the natural consequence of consistently applying basic fundementals
• formal education will make you a living, self education will make you a fortune
• Don`t let your learning lead to knowledge. Let your learning lead to action

Denzel Washington quote

"Dreams without goals are just dreams. And ultimately, they fuel disappointment. On the road to achieving your dreams, you must apply discipline. But more importantly consistency. Because without commitment you`ll never start, but without consistency, you`ll never finish."

Stuck in the rat race instead of building wealth

Steve Burns

Some rules of the game of money

• managing cash flow
• investing in assets
• using debt wisely

Rules for the game of money

fundamental principles: some of the critical rules

• financial education = continuously learn about
• personel finance
• investing
• wealth building strategy
• Living below your means
• spend less than you earn
• avoid unnecessary debt
• saving and investing
• set aside a portion of your income for s and inv.
• focus on acquiring income generating assets
• stocks
• real estate
• business
• Diversification
• spread your investment across various asset classes
• helps
• reduce risks
• maximize returns
• Understanding and managing debt
• leveraging debt to acquire
• income producing assets
• avoid high interestconsumer debt
• good debt pays you, bad debt owns you
• Harnessing the power of compunding (bileşim)
• reinvest your growth of investment
• start early
• invest consistently
• Creating multiple streams of income
• relying on single source of income (job) is risky
• develop multiple income streams
• tax planning & optimization
• minimize tax liability
• Setting clear financial goals
• plan to achieve your goals
• measure your progress
• make necessary adjustment
• Adopting a long term mindset
• get disciplined
• have patience
• maintain long term perspective
• stay focused and commited
• don`t loose focus on crisis and fluctuations
• Learn
• read books
• read financial blogs
• read online courses
• attend seminars
• learn from successful individuals
• Playing big
• playing safe limit our opportunity for wealth building and financial growth
• learn to take calculated risk
• think outside the box
• dream big
• always reinvest what you earned
• prioritize investing a portion of your income before paying bills - make it a habit