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"The most important element to building wealth is to love what you are doing." (Donald J. Trump, How to Build a Fortune)
I'll be honest, I only listened to the first CD of this program. The reason for this is because the first CD has a live interview with Donald Trump on the topic of How to Build a Fortune. The rest of the CDs are with experts that Trump University has selected for their programs. This program also includes two workbooks titled How to Build a Fortune and Get An Attitude: Positive Persistence.
The following are some notes I took from listening to the interview with Trump on this program:
t• Money should never be the central focus, I think that happiness should be the central focus.
t• Money doesn't buy happiness, but it makes life a lot easier.
t• The most important element to building wealth is to love what you are doing.
t• Unless you are really happy, you'll never be really successful.
t• The most important thing is love what you do.
t• The second most important thing is never, ever give up. Never quit. Never ever stop.
t• If you love what you are doing, it is much easier not to stop because you love it, you just do it.
t• Debt is a beautiful thing in good times, it is a terrible thing in bad times.
t• You have to know how to manage it (debt).
t• You see the same people on your way up, as you see on your way down.
t• You always have to be prepared for the tough times.
t• Focus on the bad times because the good times take care of themselves.
t• You have to see where the world is going in terms of current events, not only in business sense, but in a political sense, and even in a social sense, in order to be a great investor.
t• You have to know exactly where you are at a given certain time (in respect to income & expenses).
t• The smartest and the best people are those people who can predict markets.
t• Location is always important (real estate investing).
t• The time to buy is when things are bad; the time to sell is when things are good.
t• The interest rate and the value of the dollar (real estate investing).
t• The best way to minimize your risk is to know what you are doing.
t• If you have knowledge, if you know what you are doing, you can really minimize your risk.
t• Having knowledge is the key ingredient to being successful and to making money.
t• Put yourself in the shoes of the person you are negotiating with and really get a good understanding of the person in those shoes, you get a good understanding of what you can do and what you can't do and what you can get away with.
t• You have to put yourself in the shoes of the person you are negotiating with i.e. are they desperate to sell?, do they have a lot of money?, do they need the money?, do they need this deal?, don't they need this deal?
t• Put yourself in the other person's position.
t• Start from an extraordinary low number (negotiating and making an offer).
t• Throw the figure out and it should be so incredibly low that it sets their sights lower (negotiating and making an offer).
t• Show a great track record even in the smaller deals.
t• If you don't say it maybe no one else will (negotiating and making an offer).
t• To do the bigger deals you have to borrow money.
t• Every once in a while you have to fish or cut the bait; you have to be able to leave something (Putting the three-legged horse out to pasture).
t• Never give up in the big picture, never give up in the small picture, but every once in a while, you have to take a detour.
t• "I never ever lost a game, but on occasion I'd run out of time." ~ Vince Lombardi
t• The theme of your life should be that you don't quit and you certainly don't quit easily.
t• The great successes are those who were able to take problems and make assets out of them.
t• The sailing is not always smooth (business).
t• If you are not going to be a staunch problem solver, perhaps you should be working for someone else or doing something else. And you are probably not very entrepreneurial.
t• Problems are assets in disguise in many cases.
t• If you have a problem, you solve that problem. If you don't like solving problems, perhaps, you shouldn't be doing what we are teaching at Trump university.
t• If you don't love it, you are not going to be very good at it.
t• If you can feel that momentum leaving, there is nothing wrong with getting out. Stopping while your ahead.
t• Learning about risk is very important.
t• It is action and action alone that transforms knowledge into results.
I'll be honest, I only listened to the first CD of this program. The reason for this is because the first CD has a live interview with Donald Trump on the topic of How to Build a Fortune. The rest of the CDs are with experts that Trump University has selected for their programs. This program also includes two workbooks titled How to Build a Fortune and Get An Attitude: Positive Persistence.
The following are some notes I took from listening to the interview with Trump on this program:
t• Money should never be the central focus, I think that happiness should be the central focus.
t• Money doesn't buy happiness, but it makes life a lot easier.
t• The most important element to building wealth is to love what you are doing.
t• Unless you are really happy, you'll never be really successful.
t• The most important thing is love what you do.
t• The second most important thing is never, ever give up. Never quit. Never ever stop.
t• If you love what you are doing, it is much easier not to stop because you love it, you just do it.
t• Debt is a beautiful thing in good times, it is a terrible thing in bad times.
t• You have to know how to manage it (debt).
t• You see the same people on your way up, as you see on your way down.
t• You always have to be prepared for the tough times.
t• Focus on the bad times because the good times take care of themselves.
t• You have to see where the world is going in terms of current events, not only in business sense, but in a political sense, and even in a social sense, in order to be a great investor.
t• You have to know exactly where you are at a given certain time (in respect to income & expenses).
t• The smartest and the best people are those people who can predict markets.
t• Location is always important (real estate investing).
t• The time to buy is when things are bad; the time to sell is when things are good.
t• The interest rate and the value of the dollar (real estate investing).
t• The best way to minimize your risk is to know what you are doing.
t• If you have knowledge, if you know what you are doing, you can really minimize your risk.
t• Having knowledge is the key ingredient to being successful and to making money.
t• Put yourself in the shoes of the person you are negotiating with and really get a good understanding of the person in those shoes, you get a good understanding of what you can do and what you can't do and what you can get away with.
t• You have to put yourself in the shoes of the person you are negotiating with i.e. are they desperate to sell?, do they have a lot of money?, do they need the money?, do they need this deal?, don't they need this deal?
t• Put yourself in the other person's position.
t• Start from an extraordinary low number (negotiating and making an offer).
t• Throw the figure out and it should be so incredibly low that it sets their sights lower (negotiating and making an offer).
t• Show a great track record even in the smaller deals.
t• If you don't say it maybe no one else will (negotiating and making an offer).
t• To do the bigger deals you have to borrow money.
t• Every once in a while you have to fish or cut the bait; you have to be able to leave something (Putting the three-legged horse out to pasture).
t• Never give up in the big picture, never give up in the small picture, but every once in a while, you have to take a detour.
t• "I never ever lost a game, but on occasion I'd run out of time." ~ Vince Lombardi
t• The theme of your life should be that you don't quit and you certainly don't quit easily.
t• The great successes are those who were able to take problems and make assets out of them.
t• The sailing is not always smooth (business).
t• If you are not going to be a staunch problem solver, perhaps you should be working for someone else or doing something else. And you are probably not very entrepreneurial.
t• Problems are assets in disguise in many cases.
t• If you have a problem, you solve that problem. If you don't like solving problems, perhaps, you shouldn't be doing what we are teaching at Trump university.
t• If you don't love it, you are not going to be very good at it.
t• If you can feel that momentum leaving, there is nothing wrong with getting out. Stopping while your ahead.
t• Learning about risk is very important.
t• It is action and action alone that transforms knowledge into results.
