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How to Motivate Yourself Financially and Create Wealth

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I once knew a guy who had terrific ideas, would talk them up at hurricane force, and then go off and putter away at something else. He would lose his momentum before he even got going. What's the point?

I've met some brilliant businesspeople in my time, but some of them will never be billionaires because they never act on those brilliant ideas.

Twenty percent of your priorities will give you eighty percent of your productivity. You should always focus your time, energy, and efforts on the top 20 percent of your priorities; that's a four-to-one return on your investment. So if you have a great idea, no matter how much work you know it will require, get going. Don't just sit there. Start creating wealth.

There's nothing more criminal and self-destructive than having a great idea and then putting it off. As the saying goes, a slow starter is always the fastest finisher.

Get a move on. Being rich isn't a passive state. Ultimately, time is more valuable than money, because if you run out of money, you can start over again. But when you've run out of time, there's no starting over.

 

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Donald J. Trump is Chairman of Trump University.

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13 Comments

[-] Posted by William Yang on 08/08/2007 8:43 AM
to pursue your dream without enough resources is a tough one.

many of my colegues was so negative to my idea. I found many roadblocks in my path. the worst thing is I was trying to sell my idea to a very powerful man.

Donald, if you are in my position, what will you do ?

thanks
[-] Posted by member1631392 on 08/08/2007 8:52 AM
In Dominican Republic, it is difficult to begin to cover a brilliant idea, but with ingenuity and many valor I have seen that can.

We have not to center only in criticizing the one that stops to die a brilliant idea, but it is necessary to see the environment where it was born the above mentioned idea and his possibilities.

A clear example of this is the idea that some environmentalists have, on the use of solar power in countries that as ours there receives great quantity of solar light all the year round.

When a brilliant idea dies not only she has died, but also a future millionaire or a better country.

Miosotis Abréu
[-] Posted by u229222 on 08/08/2007 10:22 AM
Mr. Trump,

I remember a story you told once in your speech, that was repeated by Don Jr. as well...it was about a local New York developer that you had admired, yet as he approached retirement, on his very last deal, he messed up big; and he said to you when you approached him, "Donald, I lost it. I lost my momentum."

It was a lesson in how, if one is to be successful in business, he or she has to be motivated by something.

D. L.
[-] Posted by member1600131 on 08/08/2007 1:03 PM
Mr. Trump,
Yes, I agree with you. Time is everything. If people act on time with possible ideas, they will win. Look at the emerging billionaires in web space recently.
About the 80-20 rule, I had written an article some time back. I hope that will be interesting to the readers in conjuction to the thoughts of Mr. Trump.
Please click the link below:
<a href="http://www.rajeshshakya.com/how-to-balance-your-effort-and-outp... to balance your effort and Output?</a>

Expect your comments.

Rajesh Shakya
http://www.rajeshshakya.com
Helping technopreneurs to excel and lead their life!
[-] Posted by member1632014 on 08/08/2007 1:33 PM
Hello Mr. Trump ,

I look forward to these wise words that you post . You are not just sharing your knowledge from your life experiences , but also the business culture that you seem to have developed over the years . I check this page every day hoping that you would put a new post ( Where else would i get to read these wise words for free) . You are doing a great service to everyone of us .

Thank you very much .
[-] Posted by Business 2000 Foundation.com on 08/08/2007 3:30 PM
Creating wealth and ideas all takes time. To have the passion goes the distance. Find your path and stay focus. Some ideas, are so simple and then some ideas become so difficult. Why? Many factors, but we all need a team to come home too.
[-] Posted by Daniela -Madrid on 08/08/2007 4:20 PM
Mr Trump,
no words more, thank you for the fine class,
listen and J.I.T.
Have a great day,
Daniela
[-] Posted by Feoh on 08/08/2007 9:54 PM
Donald,

WORD! Big D, you’re constantly bringing the heat right outta hell's kitchen, straight to the motivation of my spirit. After many fires lit under my dorsal fin, this one goes from rattle to hum. Thank you Donald and Trump U for the tremendous help that remains unseen by many. (Sorry to hear about the flooding)

Being treated as family deserves givin’ a mega shout out to Michael Aaron and Chris Magnini at Trump University for facilitating my acceptance to the In Person Coach Real Estate Program. Thank you very much gentlemen for your help, like you don’t even know.

Houston . . . We have lift-off!

John Doe
[-] Posted by DebbieDee on 08/08/2007 11:31 PM
The fact is, people are interesting with win-win situation to motivate themselves financially. No one interesting anymore with win-lose concept. Also, people will think thoroughly according financially motivation.
[-] Posted by lightwayvez on 08/09/2007 12:28 AM
-- "Posted by Business 2000 Foundation on 08/08/2007 3:30 PM
Creating wealth and ideas all takes time. To have the passion goes the distance. Find your path and stay focus. Some ideas, are so simple and then some ideas become so difficult. Why? Many factors, but we all need a team to come home too." --

It is like skydiving or climbing a real mountain by bike or horseback, one cannot decide to walk part way, one must persist and move forward against all odds, and then there is the steep return home yet again no opportunity to walk one must ride home with great caution the rewards are everlasting.

With all we do there is a ripple and on a good day many are blessed ten fold.

To finish what one starts.

And then there is the neverending commitment to be successful.

http://www.dropzone.com/cgi-bin/gallery/imageFolio.cgi?action=view&li...
[-] Posted by mvilimek on 08/09/2007 4:14 AM
It seems the road to success doesn’t include much sleep. The big thing Donald has not really elaborated on is how to get good people to do those 80% things that delivers 20% of the impact, when you don't have brand equity like Donald.

It seems we have a revolving of people that get all excited and motivated to join our team only to have them in a few weeks quit.

It would be nice to Donalds his view on what it takes for entrepreneurs to get and keep good people that are equally motivated, so we can really focus on the 20% that delivers 80% of the impact.

cheers,
Mark
[-] Posted by member1389899 on 09/03/2007 10:27 AM
The thing is what if you got the time but not the opportunity to implement your idea safely.

Bettsyja
[-] Posted by Rachael Sutton #1253595 on 12/11/2008 9:29 PM
Well, I am definitely full of ideas, but not all of them are for me to act on. Sharing ideas doesn't deplete my source, I am actually recharged in the process. There is a lot of energy in a brainstorm. I've been told people can feel the energy. If someone else can profit from those ideas while making the world a better place then it is good to share. I have heard it is amazing how much you can get accomplished as long as you don't care who gets the credit. Shared ideas aren't wasted ideas.

Anyway, I agree with your words completely here.
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