@@@@@They often say, "What makes you think you
@@@@@They often say, "What makes you think you can do that?" Or "If it's such a good idea, how come someone else hasn't done it?" Or "That will never workYou don't know what you're talking about These words of doubt often get so loud that we fail to actA horrible feeling builds in our stomachSometimes we can't sleepWe fail to move forward So we stay with what is safe and opportunities pass us byWe watch life passing by as we sit immobilized with a cold knot in our bodyWe have all felt this at one time in our lives, some more than others
Peter Lynch of Fidelity Magellan mutual fund fame refers to warnings about the sky falling as "noise," and we all hear it
"Noise" is either created inside our heads or comes from outsideOften from friends, family, co-workers and the media Lynch recalls the time during the 1950s when the threat of nuclear war was so prevalent in the news that people began building fallout shelters and storing food and waterIf they had invested that money wisely in the market, instead of building a fallout shelter, they'd probably be financially independent today
When the riots broke out in Los Angeles a few years ago, gun sales went up all over the countryA person dies from rare hamburger meat in Washington State and the Arizona Health Department orders restaurants to have all beef cooked well-doneA drug company runs a national TV commercial showing people catching the fluThe ad runs in FebruaryColds go up as well as sales of their cold medicine
Most people are poor because when it comes to investing, the world is filled with Chicken Littles running around yelling, "The sky is falling And Chicken Littles are effective because everyone of us is a little chickenIt often takes great courage to not let rumors and talk of doom and gloom affect your doubts and fears
In 1992, a friend named Richard came from Boston to visit my wife and me in PhoenixHe was impressed with what we had done through stocks and real estateThe prices of real estate in Phoenix were depre