“NO FOLLOWER OF THIS PHILOSOPHY CAN REASONABLY EXPECT TO ACCUMULATE A FORTUNE WITHOUT EXPERIENCING “TEMPORARY DEFEAT.” When defeat comes, accept it as a signal that your plans are not sound, rebuild those plans, and set sail once more toward your coveted goal. If you give up before your goal has been reached, you are a ‘quitter.’” Napoleon Hill
As I studied this lesson, at this time in my life and business, I realized that the most important characteristic for me to develop to reach my financial goals is PERSISTANCE. Of course, there are many other traits that will contribute, but right now, I just have to keep hanging in there.
About 14 years ago, my husband and I had the privilege of getting to know Simon Cowell and I found a short write up about his path to financial success. It reads:
“Simon Cowell had a failed record company. By his late twenties, Cowell had made a million dollars and lost a million dollars. Cowell told the Daily Mail in 2012 "‘I’ve had many failures. The biggest were at times when I believed my own hype. I’d had smaller failures, signing bands that didn’t work, but my record company going bust, that was the first big one." Even after such a momentous loss, Cowell picked himself up and became one of the biggest forces in reality television, serving as a judge for "Pop Idol," "The X Factor," "Britain's Got Talent" and "American Idol." Forbes has estimated his net worth at $95 million.”
I’ve seen many in the entertainment industry have these swings in their financial situations. Another that really interested me is Jay-Z.
Jay-Z couldn't get signed to any record labels. No one can stop Jay-Z. He came from a rough Brooklyn neighborhood and had big dreams to make it big as a rapper. Unfortunately, the rest of the world didn't agree with him at first. Not one record label would sign him. Yet that didn't stop him from creating his own music powerhouse. His label would eventually turn into the insanely lucrative Roc-A-Fella Records. Here's proof Jay-Z is on top: Forbes has estimated his net worth at $500 million, and TIME ranked him as one of their 2013 Most Influential People In The World. And he's married to Beyoncé.
(Both articles from “16 Wildly Successful People Who Overcame Huge Obstacles To Get There” by Renee Jacques)
“No man(woman) is ever whipped, until he QUITS—in his own mind. This fact will be repeated many times, because it is so easy to 'take the count' at the first sign of defeat.” Hill
There is certainly value in working on ALL the attributes Hill guides us to incorporate into our lives. Yet, when desire and imagination push us toward a goal, it is only the persistence to develop, nurture and rebuild our plans... THEN PERSIST so that we can reach our dreams.
Thanks to Linda and Michael Dlouhy for encouraging us to use our desires, imagination and organized plans to move us toward the realization of our dreams and then help us PERSIST to the goal. Thanks also to those of you who are on this dream building journey with us as we continue to grow into the people we want to become!