Week 5

This week I read Success Is Gauged by Self-Mastery by N. Eldon Tanner. There are so many things that stood out me, and I feel that the best way I can remember my thought are through sharing some provoking quotes. In the future, whenever I may be feeling down or inadequate as an entrepreneur, I’m going to force myself to read, “I am in earnest—I will not equivocate—I will not excuse—I will not retreat a single inch—and I will be heard!” (William Lloyd Garrison, Salutory Address of the Liberator, 1 Jan. 1831.) What an inspiring speech! It motivates me to never give up and work hard-no matter what. During this course, we have read many different articles on how to balance family life and career life. While both things are very important, I feel that this quote (also from Tanner) gives us the perfect advice. He said, “If you wish to achieve financial success, if you wish to be happy, if you wish to be healthy, if you would be morally clean, if you wish to find religious peace of mind, there is only one sure way, and that is the straight and narrow path—the way of honor, the way of industry, of moderation, simplicity, and virtue.” It is so simple if you think about it, if you keep to the straight and narrow path, we will be taken care of. Lastly, I’d like to write down the most important lesson I learned from the Rich Dad Poor Dad video. He drew a diagram of the difference between broke, middle class, and rich people. Broke people receive income then spend it. Middle class people receive income, create liabilities (house, car), then spend money. Rich people receive income, create assets, and then spend money. What a great guide to live by!