“Everywhere you look today, the tide of protectionist sentiment is flowing.In order to be financially successful you must decide to value every penny you spend ”
Objective: This lesson aims to help you how you can start with a small idea and a small amount of money you have and do something big in life.
INTRODUCTION
This lesson is very important to help you start your financial success. Most people despise a small beginning but what they do not know is that small things when combined turn out to be very large.
In 1886 the pharmacist John Pemberton who at that time was known by the popular name of Mr. Doc had just returned from the war, and he was thinking of discovering something that would bring him commercial benefits.
Before going to war he had tried many things but was unsuccessful, including trying to discover a number of drugs that did not work well and did not bring him any success. So after moving to downtown Atlanta
The United States decided to find a way to make something that could be used as a refreshment.
After developing its own chemical formula and selling it, it became very popular. However, he did not know how to advertise it and this is where Frank Robinson came to his aid and they developed a logo and then also developed the Coca-Cola motto of the time "The Pause That Refreshes," and signed it completely.
What you need to remember is that this business selling Coca-Cola soda for the first year was very bad, and they managed to sell only 25 bottles a year.
After that they started advertising campaigns, they were giving out calendars, small notebooks, cars, etc., they also started offering free soda every once in a while.
In time, many people became acquainted with Coca-Cola and began selling it at a very high rate. They currently sell more than 1.8 billion bottles per day from selling 25 bottles a year.
One of the great qualities you need in your life so that you can be successful in your goals, ESPECIALLY FINANCIAL is to agree to start with what little you have, so that you can achieve the much you are looking for in your life.
Too many people are stuck in their lives because they wait until they have big things and then they start doing what they think they want.
Why Are You Too Late?
One of the biggest reasons why so many people delay getting started doing something they should be doing in their lives is the tendency to believe that what they have is too little.
It is possible that you are one of those people who always believe they have nothing big, so wait until they have something big and then they can start.
Do you know what the consequences are? They find themselves time goes by and age goes by and they have not done anything.
You are a witness, remember how many times you have said that you are waiting to have more to begin with and to this day you have not yet begun? And at the same time there are so many people who had LESS MONEY than even you had, today they have come a long way and you wish you could have started as little as they started and today you would have come a long way.
If the founder of Coca-Cola said he had to wait until he had too much capital to do big business, and not start with something small then he would probably die with his idea of starting Coca-Cola, as he would be waiting to have more, more knowledge. and more money.
Use Your Capabilities To Build Your Business And Increase Your Income. I strongly agree with the words that Dr. Myles Munroe once talked about people who fail to start and do as they believe they still have little and as a result do not do it until they find themselves old.
Dr. Myles once said: “The richest part of the world is not in the oil wells of Arabia or in the diamond or gold mines of South America. The richest place in the world is the cemetery. ”
This is because in the tombs lay people who used to be very big businessmen but because of their unwillingness to start and wait until they had more they died poor.
In the tombs lay people who had to be great singers but because they waited until they found many people to sing in front of them, then they died with their talents n.k.a.
There are so many people every day who die with great potential in them because they despise what little they can do. Take care of yourself, so that you do not become one of them. If you neglect the little you have, you will not get the opportunity to own the big one you are looking for. People who achieve their goals one of the biggest traits they have is a willingness to start with the very little they have, while believing that they can grow it and become very big.
Big business in the world, many of them started with VERY LITTLE CAPITAL and grew into a big business.
One of the qualities you need to have is to constantly ask yourself, "What little thing do I have that I can start with?"
This is an important question that people who achieve their goals often ask themselves. People who fail are always looking at what they do not have and often pretend that they cannot succeed because they have so little and cannot do anything in their life.
Starting today change your attitude if you really want to achieve your goals. I know a friend of mine who currently owns two laboratories, who started by buying a small piece of equipment and the first device to buy was a "Microscope".
From that small beginning, today he has made great strides. And you stop pretending that what you have is so small, just try to ask yourself and decide to start with what you have. Always remember that you will not be able to get what you do not have until you spend what you have.
What action do you want to start today? Do not delay and do not wait to start immediately.
One Dollar and One Million Dollars Which Do You Choose?
In being prepared and starting with the little you have you have to be someone who can endure the process of promoting what you have until it becomes very large.
The problem with too many people is that they are not willing to tolerate the process of selling you what they have. We live in a world that values more quickly than anything else. That is why everyone who advertises their product explains how it has an unusual speed. If you go on a trip you will encounter high-speed buses,
This notion has created us with the impression that everything can be achieved faster and we find ourselves forgetting the important process of promoting the little we have, and everyone wants to get bigger quickly.
Today I am asking you a question like this if I give you one million dollars or tell you to give me 0.01 dollars? Of course many will choose one million dollars including you too.
But what if I tell you, if you choose one million dollars or if you choose 0.01 dollars it will be worth increasing in the next thirty days.
I know there are many who will choose one million dollars saying, thirty days will add value to $ 0.01? and some will be hesitant to choose which one as they do not know what the result of the double value will be.
I told you earlier that successful people one of the qualities they have is to agree to start with the little they have and they are not ready to give up because they see it as small.
And this has really helped them to start early and thus promote what they are doing while others who keep waiting until they have more have not yet started to this day. The great thing to know here is that those who achieve their goals can see the GREATEST AHEAD by using the LITTLE THEY HAVE NOW.
Now let's look at the differences in the options of these two categories. The one who chose $ 1 million and the one who chose $ 0.01 which doubles in value every single day. Let's take a look at how much 0.01 will be earned after 30 days:
|
Day 1 0.01 |
Day 11 10.24 |
Day 21 10,485.76 |
|
Day 2 0.02 |
Day 12 20.48 |
Day 22 20,971.52 |
|
Day 3 0.04 |
Day 13 40.96 |
Day 23 41,943.04 |
|
Day 4 0.08 |
Day 14 81.92 |
Day 24 83,886.08 |
|
Day 5 0.16 |
Day 15
163.84 |
Day 25 167,772.16 |
|
Day 6 0.32 |
Day 16
327.68 |
Day 26 335,544.32 |
|
Day 7 0.64 |
Day 17
655.36 |
Day 27 671,088.64 |
|
Day 8 1.28 |
Day
18 1,310.72 |
Day 28
1,342,177.28 |
|
Day 9 2.56 |
Day 19
2,621.44 |
Day 29
2,684,354.56 |
|
Day 10
5.12 |
Day 20
5,242.88 |
Day 30 5,368,709.12 |
We call this the power of compression, "Power of Compound effect". One of the secrets of success that many people have used is to make sure that they use what little they have in a responsible way to produce what they want.
Imagine for a second you were transposed into the karmic driven world of Earl. But he needed to be patient to produce what little he had.
You also need to develop this habit of being ready to start small and have a great time. In achieving your goals starting early you are very important so that you can get the results that you expect.
If you want to start investing in the stock market, don't wait to have a lot of money, start right now and you will find yourself after some time you have reached a good and big level different from the one who says he is waiting.
If you want to start saving, then start right away. Remember that saving, investing and starting to do something is a habit.
If you cannot save ten thousand shillings for the one hundred thousand you earn today (10% of your income), then know that it will also be difficult for you to save one hundred thousand shillings for the one million you earn tomorrow (10% of your income increases).
If you see you say you can't do it because you have a small amount then you know even if you have a large you will not be able to. The easiest and surest way to make sure you achieve your goals this year is to set yourself a habit to start with the little you have without waiting to get big.
What steps will you take today to begin with the little you have?
Are you ready to connect with those who achieve their goals or will you just keep waiting?
EXERCISE
After reading this chapter let's try to reflect on what you have what you can start doing?
What challenges do you face?
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