Three Good Habits For Life and Investing From Jim Rogers

Investor Jim Rogers has collected his advice for success in life in A Gift to My Children: A Fathers’ Lesson for Life and Investing. Using examples from his life, this inspiring book makes a good quick read for anyone. Here is a good example from a chapter that offers three good habits for life and investing:

Be a Self-Starter. When Rogers was young he got a job with Mr. Booker, a local home builder. “At first, I couldn’t even hammer a nail straight, and the men on the job weren’t shy about pointing this out. But when we were awaiting deliveries of building materials or had nothing to do, I’d gather up the scrap lumber or sweep up the sawdust or whatever else I could find. ‘Say what you want,’ the contractor told them, ‘but this kid never stops. He has the right attitude, he has the proper approach, and I want him working for me.’ Eventually I did learn to drive nails as quickly as anyone, dig foundations, install roofs, and all the other skills necessary to do the job. If it weren’t for my work ethic, I might never have gotten the chance.”

Attention To Details Is What Separates Success From Failure. “In investing, as in life, the small details often spell the difference between success and failure. So you must be attentive! However trivial it may seem, you must research and check each and every piece of information you need to make a decision. Leave no questions or nagging feelings of uncertainty uninvestigated. The most common reason why people do not succeed is that their research is faulty or limited to the confines of what is immediately available. Only through meticulous research will you obtain the knowledge necessary for success. It requires abundant work and diligence, but the effort will give you a distinct advantage over your competitors.”

Live Your Life With a Dream. “When you begin something, you may not always have a concrete picture or vision of he future. But if you continue to be passionate and work hard at what you truly love to do, then you will eventually find that dream. Which may morph into yet another dream. And another.”

Posted by Michael McKinney at 04:03 PM
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