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What you need to succeed isn’t brains or talent

Discussion in 'Investor Psychology' started by oracle, 9th Jun, 2016.

  1. oracle

    oracle Well-Known Member

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    Read interesting article today. Lot of it makes sense.

    Full article here

    I think this applies to succeed as an investor as well or more importantly becoming financially free in your life.

    Interested in your views...

    Cheers,
    Oracle.
     
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  2. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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  3. Omnidragon

    Omnidragon Well-Known Member

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    I've seen people with a lot of grit not make it in life. Some things are beyond your control. Eg getting stage 4 cancer and see how focused you are on building wealth or how many houses you're going to buy.

    You have to be grateful for what you have. Lots of circumstances involved.
     
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  4. datto

    datto Well-Known Member

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    Not a real fan of Jeff Bridges or Matt Damon. True Grit is not for everyone.
     
  5. Leo2413

    Leo2413 Well-Known Member Premium Member

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    haha....so now the latest buzz word or phrase for developing what I believe is and have often referred to as a 'sophisticated mindset' ......is now being called developing 'Grit'. lol


    My view is that it all starts from the mindset you have, and then how you choose to develop/change/mold/enhance it over time, that will determine to a very large extent how successful you are in anything. I see it as the foundation to everything. Ten storey buildings aren't built on sand.

    Whatever 'mindset' someone has determines what they choose to learn, focus on, how they react, contextualise issues and events, develop resilience, deal with 'failure' and challenges, accept complete self responsibility etc.

    Just my opinion.
     
    Last edited: 10th Jun, 2016
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  6. MTR

    MTR Well-Known Member Premium Member

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    Anyone do the grit test??
     
  7. Leo2413

    Leo2413 Well-Known Member Premium Member

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    Angela Duckworth


    Just did it for fun.

    Capture.PNG
     
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  8. MTR

    MTR Well-Known Member Premium Member

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    If you want financial success -
    This to me sums it up, I am a fan of "The Wolf of Wall Street"

    Of course life gets in the way sometimes, ie health issues, divorce etc... so you also need some luck in life

    “If you want to be rich, never give up. People tend to give up. If you have persistence, you will come out ahead of most people. More importantly, you will learn. When you do something, you might fail. But that’s not because you’re a failure. It’s because you have not learnt enough. Do it differently each time. One day, you will do it right. Failure is your friend.” – Jordan Belfort
     
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  9. Perthguy

    Perthguy Well-Known Member

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    I scored 4/5. Higher than I thought. But then at times I have overcome ridiculous obstacles to get what I want, so I can see where they are coming from.
     
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  10. Leo2413

    Leo2413 Well-Known Member Premium Member

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    I'm with you on overcoming difficult obstacles mate. Recently Westminster just had a huge victory after persevering for quite a while. I reckon most would have just given up.
     
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  11. Perthguy

    Perthguy Well-Known Member

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    Agree... @Westminster awesome job!

    I was once told 'this can't happen, this won't happen' about a settlement for a property I was buying. It did happen, and we settled early ;)
     
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  12. Taku Ekanayake

    Taku Ekanayake Well-Known Member

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    @Leo2413 you obviously haven't heard of a place Dubai :p:D;)
     
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