Everyone has heard the saying, “a penny saved, is a penny earned”. I know I grew up hearing it. I always took it too literally and thought of it as just being pennies. I often thought to myself, who cares about a few pennies, they are all over the place and pretty much worthless. There has even been talk about getting rid of the penny altogether since it costs more to make a penny that it is actually worth.
Today I started reading the book “The Millionaire Next Door” and something clicked. It is pretty obvious now that I think about it but it is worth mentioning. The book is a research study on the typical millionaires in the
The point that really got me was that the average millionaire is frugal and his wife is even more frugal that he is. One story in the book has a person hand over $8 million worth of stock in a company he just took public to his wife and she thanked him and went back to cutting her coupons to save a few cents off of her weekly shopping.
One of the ways to be successful is to think big. Take the smallest concepts and think of them in the biggest terms possible. Instead of making a few hundred dollars on a rental apartment, you can think big and make thousands on an apartment building. When thinking of the saying “a penny saved is a penny earned”, think of it in as big terms as you possibly can and you will get rich. If you are always saving every penny, over time, you will get rich. It may not be tomorrow but one day it will happen.
I am a typical person more or less that has always tried to get away with doing the absolute minimum to get by. In school, I did my assignments last minute, I barely passes some of my tests, I crammed for everything and didn't care about retaining any information. I always wanted to be successful and get lucky but my problem was that I thought that luck and chance were synonymous. One day, all that changed when i found out that there was more to "Luck". I learned that it was possible to make your own luck and that people that were "lucky", all had very similar characteristics. I made a conscious decision to become one of those lucky people and the world started to open up. It didn't happen overnight and I'm still not there yet but at least I know what to look for and what to do. Recognizing the opportunities to get lucky is only the beginning of the battle. Now I have to train myself to jump on every opportunity and one day be truly "lucky".
Get Lucky Even Though Your Parents Were Wrong
Get Lucky by Quitting
Get Lucky with Negotiations
Get Lucky by Playing the Matching Game
Get Lucky Because You Have Nothing Better to Do!
I Hate Homework Rule: Follow it and Get Lucky!
Cognitive Dissonance: Get Lucky BY Letting Your Ego Take a Reality Slap
Gary Vaynerchuk is the Least Scalable Person and is Reaping the Benefits