Ever seen that TV singing talent show "The X-Factor"? Its amazing how deluded some of the contestants are. Some of them really think they can sing, but they really can't. Its the same with finances, because it's so important not to delude yourself with how your finances are doing. It's important to keep accurate records of your wealth. How well are your assets doing? Are you sure? Have you checked? Do you record your finances on a spreadsheet where you can objectively look at the facts?
Anyone can talk a good game about how well their finances are doing, but what is the reality? A good way to judge, is by looking at your balance sheet. Have a look at your cash flow, your net worth, your investments, your income. Are the figures getting better, or worse, or staying the same?
Did you know that Simon Cowell has written his autobiography? It's called "I don't mean to be rude but". In it, he shows just how hard working he is. His success is not an accident. I read that book last year when I came across it in the library. I was amazed to read that he went bankrupt previously. It just shows how far you can go when you keep on trying, no matter how badly you are defeated.
Now, check the video of this contestant out. He really believes he has the X factor, yet reality tells a different story. I know I don't want my finances to be as deluded as this guys singing:
Anyone can talk a good game about how well their finances are doing, but what is the reality? A good way to judge, is by looking at your balance sheet. Have a look at your cash flow, your net worth, your investments, your income. Are the figures getting better, or worse, or staying the same?
Did you know that Simon Cowell has written his autobiography? It's called "I don't mean to be rude but". In it, he shows just how hard working he is. His success is not an accident. I read that book last year when I came across it in the library. I was amazed to read that he went bankrupt previously. It just shows how far you can go when you keep on trying, no matter how badly you are defeated.
Now, check the video of this contestant out. He really believes he has the X factor, yet reality tells a different story. I know I don't want my finances to be as deluded as this guys singing:
Now have a look at a much better contestant. He has clearly put the work in, and gone out and got experience. He proves that when you make a consistent effort, and train, and learn properly, then there is a big difference between an expert and a deluded novice:
Financially, in a whole planet filled with other contestants trying to attain financial security, do you have the financial X-factor, or are you just kidding yourself? Take your finances seriously, or you will end up as another one of life's financial jokes, living paycheck to paycheck, whilst those who have developed their financial X factor, steal the stage.
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