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I have always maintained that the first question in business is about "Capacity." Capacity can be limited by many things including your own state of mind at different timing, you may be handicapped or have health issues that pop up. You might have a net worth greater than the United States or you may be running out of capacity because of debt, etc.
There is an old saying that you are really not a millionaire until you have lost it and made it back. There is alot of truth to this. More so from the skill set achieved.
The cutoff in evaluating your peers is really the 5 million figure as this is the point where there is a severe drop off and a less level of luck is involved. It has always been a sizing up point in business relationships. At 10 million the drop off is huge.
It is also a transparent point for the hustler who talks about big money and does not understand the limits and boundaries of the numbers.
This is similiar to admireing authors as there are people who know, and people who do not know!
I have read alot of Trump and I get very little out of his writings relative to an RK, or a Peter Schiff, M Scott Peck, etc.
Branson is the ultimate risk taker, and is a study of risk, he is a most driven man on the sales side.
However there used to be many behind the scenes heavy hitters in the old days behind the old manufacturing base.
Experience allows you grow, but that growth is always a balance between quality and volume. Older follow the path out of volume to quality.
The translation to net worth will probably be earned at the 5 million level of a general mastery. After that point as Trump and RK mention they spend full time raising money (probably for more deals).
There is an old saying that you are really not a millionaire until you have lost it and made it back. There is alot of truth to this. More so from the skill set achieved.
The cutoff in evaluating your peers is really the 5 million figure as this is the point where there is a severe drop off and a less level of luck is involved. It has always been a sizing up point in business relationships. At 10 million the drop off is huge.
It is also a transparent point for the hustler who talks about big money and does not understand the limits and boundaries of the numbers.
This is similiar to admireing authors as there are people who know, and people who do not know!
I have read alot of Trump and I get very little out of his writings relative to an RK, or a Peter Schiff, M Scott Peck, etc.
Branson is the ultimate risk taker, and is a study of risk, he is a most driven man on the sales side.
However there used to be many behind the scenes heavy hitters in the old days behind the old manufacturing base.
Experience allows you grow, but that growth is always a balance between quality and volume. Older follow the path out of volume to quality.
The translation to net worth will probably be earned at the 5 million level of a general mastery. After that point as Trump and RK mention they spend full time raising money (probably for more deals).
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