The Seven Investing Sins
1. Greed - People commonly hold on too long to an investment - you never lose money leaving some profit on the table for the next person
2. Gullibility - Don't just accept tips on face value - make sure you check everything before you 'believe' an investment tip
3. Loyalty - Too often people hold onto an investment through loyalty - it was good once. Never let any emotion get in the way of your investment formula.
4. Sloth - You'll always loose money through laziness if you don't keep an eye on what you have and what you are doing - get off your bum!
5. Optimism - Or at least false optimism - often people blindly look for the good news all the time - when realism and financial facts are paramount
6. Remorse - Never wallow in what went wrong - learn the lesson and then just get over it.
7. Recklessness - Which is what people are when they get frustrated that a deal hasn't come alone - what they do is abandon their financial formulas and jump in blindly - oh dear!
The Seven Virtues of the Serious Investor
1. Patience - Have the strength to wait until the deal that matches your strategy and formula arrives - it WILL come. Don't just jump in because you have itchy feet.
2. Consistency - Formulate your strategy and create your wealth system - then stick to it consistently. Don't make the mistake of constantly tweaking the 'recipe'.
3. Organised - Get yourself and your paperwork organised in a simple way so that it takes the minimum of time and effort.
4. Confidence - As long as you have created your wealth system on sound principles just have confidence that it will perform over time. It always has so it's most likely that it always will.
5. Courage - To believe in yourself and the main wealth principles and formulas. This is often difficult as the man at the pub often knows better and will tell you that you're stupid. Don't forget that any advice you get from the man in the pub is free because it's worthless!
6. Systematic - Wealth creation is purely a matter of simple principles and a systemised approach - just read or remember the story of Ray Krok and McDonalds.
7. Generosity - A serious wealth creator is always a fantastic giver as well - because that's what the Sea of Abundance does for people - it allows them to flow money in and out.