May 13 I have decided that I’m going to stay with my stated goal of a net worth 1,000,000 by April 15, 2015. According to Bob Proctor, who borrowed this from “Think and Grow Rich” I need to write this goal down. Next I need to write down what I’m willing to do to achieve this goal. Then review the goal twice a day,and finally take action today to achieve this goal. I think I have the bases covered. I have my goal written down and I ‘m willing to work on my investments and online business. I have invested in stocks for fifteen years. I’m an amateur investor which means I win some and lose some. I have figured out a couple of lessons about investing the hard way. The market can be brutal. During the dot com bubble I was able to turn $10,000 into $100,000 in a little over a year. It was a crazy time to invest and it was harder to lose money than make money. A stock I owned went from $10 to $140 in two months. However, greed got the best of me and I got caught long, with maxed out margin, when the market finally caved and I lost about $ 87,000 in two weeks. Greed will catch up to you. I was risky ,foolish, inexperienced, and was convinced my $100,00 was going to $400,000. I stayed out of the market for two years after this and now take a more modest approach. Investor business daily is so helpful for following the market and if you read it daily it really helps in finding winning stocks, but don’t lose your mind and expect a 30 percent return each year. The market rewards patience, and good, strong, profitable companies. I’m excited, skeptical, but motivated about my goal. I’m not really sure were the 910,000 is going to come from but that is why it is a law of attraction experiment.
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