ARE YOU LISTENING TO BRILLIANT PEOPLE OR IDIOTS?

Bet that last word woke you up!  We hear hundreds of people during the day: Work Peers, Boss, Television, Radio, Streaming Services, Spouse, Kids, etc.  Ninety-nine percent of the words have zero value.  I would estimate 99.9%!  But some people in my life remind me of the old EF Hutton commercial. “When E. F. Hutton Speaks- People Listen” 

WHEN THEY SPEAK I LISTEN!

  • Muhammad Ali – Besides being the Greatest of All Times (GOAT) Boxer (I may be biased), Ali is recognized for his message of black pride and black resistance during a time of racial discrimination. His message: “Black is Beautiful- Believe in Yourself”!
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Muhammad Ali
  • Jeff Bezos– Founded Amazon out of his garage in 1994.  Today Amazon employs over one million people, and Jeff Bezos is the richest man on this planet.  Bezos can take complex problems, develop realistic solutions and implement them. 
  • Warren Buffett– Greatest of All Time (GOAT} Investor: “The most important decision you will make is picking your spouse.” {Yep- that statement surprised me also.  And he is right.}. If you want to learn more about the Oracle of Omaha, here is a 90 minute YouTube video.  https://youtu.be/PB5krSvFAPY
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Warren Buffett
  • My Dad – Dad did not merely talk about family, education, hard work, etc.; he walked the talked and influenced hundreds of young minds, including both sons, as a School Principal.  
  • Ray Dalio – The Co-Chief Investment Officer of the world’s largest hedge fund, Bridgewater Associates, and philanthropist.  Bridgewater is a firm I would enjoy working with. How many times have you been asked your opinion and were afraid to answer truthfully?  Ray Dalio built an environment “in which everyone has the right to understand what makes sense and no one has the right to hold a critical opinion without speaking up about it.”
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Warren Buffet
  • Dr. Martin Luther King Jr.- The spokesperson and leader in the Civil Rights Movement from 1955 until his assassination in 1968. He drove tremendous change through peaceful protest and cared enough to sacrifice his very life. 
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  • Peter Lynch – As the Fidelity Magellan Mutual Fund manager, between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than double the S&P 500 stock market index and making it the best-performing mutual fund in the world.  Lynch’s simple lessons are “Invest in what you know.”
  • My Mom– Taught her sons the importance of family.  She lived the principles of Christianity, helping and loving others. 
  • Charlie Munger – Vice-chairman of Berkshire Hathaway, “When people use the word[s] common sense, what they mean is ‘uncommon sense,’ because the standard human condition is ignorance and stupidity. And when they say oh, ‘Joe has common sense,’ they mean he has uncommon sense.” 
  • Elon Musk – CEO of Tesla, SpaceX, The Boring Company, Hyperloop, and Neuralink. Besides being a Dad to six children, he is the second richest person on the planet.  IF YOU CAN THINK IT – READ IT; LEARN IT; MASTER IT, AND ACHIEVE IT.  Like Warren Buffett, Musk reads hours each day. 
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Elon Musk
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Muhammad Ali- BIG DREAMS!

CONCLUSION

All the above people are/were GOAT’s.  They work harder than their peers, believe in themselves, and failure is NOT AN Option.  These are my mentors, and the two that influenced me the most to achieve my financial freedom, Mom and Dad.  Without their love, support, and belief in me, I would not have had the luxury of retiring early and helping others achieve their financial freedom.  That is why I write these blogs!

Who motivates and inspires you?  Identify your GOATs and start listening.  I guarantee you will learn.

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https://wealthbuildingpowers.com/2020/06/01/relevant-today-dr-martin-luther-king-jrs-1963-letter-from-the-birmingham-jail/

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WHO ARE YOUR FINANCIAL MENTORS?

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Thank you to my followers and readers for your likes and comments.  All comments, recommendations, and feedback are welcomed and utilized to improve this blog.

ABOUT ME

I am a proud nerd (as my beautiful wife and daughter have told me) investment and finance blogger with an NC. State, Chemical Engineering, University Rutgers, MBA and Harvard University, Advanced Management education.

I left a corporate career because I desired to make a difference as a speaker and writer. I was blessed to be coached and mentored by strong women and men in my family and professional life.  It is my time to serve and give back.

DISCLAIMER

I started my first business at ~13 years of age (a small but brilliantly created plant nursery). I am a successful investor in stocks, options, real estate, and happy to share my finance and investment lessons learned with you.

However, I am NOT a licensed financial advisor.  Please do not construe my suggestions on this blog as recommendations for your situation.  For individual financial advice, please seek your licensed CPA or fiduciary financial advisors.  

I write this weekly blog to make an impact by reaching an audience and demonstrating the need for financial literacy. I will help you get there.

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 http://instagram.com/wealth_building_powers

Powers Investments Management, LLC

This blog will provide, information and simple strategies, that will assist you to achieve YOUR financial objectives and long term targets. For over 30 years, I solved multi-million dollar problems, for Fortune 10-250, companies. My formal education includes: Business, Finance and Chemical Engineering {Problem Solving} at: Harvard, Rutgers and North Carolina State. And an additional 30+ years, managing my family’s investment decisions. I currently manage/advise people with net-worths ranging from the tens of thousands to several million dollars.

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