JP Morgan’s Guaranteed Formula for Success
July 14, 2007A few weeks ago I stumbled across this little story at The Personal MBA, which I simply have to share:
One day, a man approached JP Morgan, held up an envelope, and said “Sir, in my hand I hold a guaranteed formula for success, which I will gladly sell to you for $ 25,000.”
“Sir,” JP Morgan replied, “I do not know what is in the envelope. However, if you show me and I like it, I give you my word as a gentleman that I will pay you what you ask.”
The man agreed to the terms and handed over the envelope. JP Morgan opened it, and extracted a single sheet of paper. He gave it one look and handed the piece of paper back to the gent, pulled out his chequebook, and paid the man the agreed-upon $ 25,000.
The paper read:
- Every morning, write a list of things that need to be done that day.
- Do them.
Nice one. Here's a few I like ---------------------- Live below your means Pay
Charles | November 1, 2007 | 1:27 amNice one.
Here’s a few I like
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Live below your means
Pay yourself first
How to succeed? Start with showing up all the time.
Use dollar cost averaging
It’s not what you make. But how much you save