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The Wealth Reference Guide: An American Classic

Book by Hendrith Vanlon Smith Jr · 50 quotes · Wealth, Money, Money Quotes

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The Wealth Reference Guide: An American Classic Quotes

“How your business makes your customers feel has a direct correlation to how much money they are willing to spend with your business and the promptness with which they spend money with your business. You should make your customers feel welcome, make them feel appreciated, make them feel respected. And show customers that your business is valuable by ensuring that you and every employee treats the business with care and respect.”

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Book:The Wealth Reference Guide: An American Classic
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“Investing is a special thing. In terms of functionality, almost anyone invest. But in terms of achieving the results of long-term profit and sustainable growth, only some people have the talent or skill sets for that. It’s like baseball for example… anyone can swing a bat at a ball. But only a few guys make it to the big league, and even fewer become world champs. These days there are so many apps and platforms for individual investing, but that doesn’t mean everyone is achieving the same results. There are great investors, good investors, and bad investors. A professional investor can achieve exponential growth and profit. A professional investor understands markets and industries and can account for both the traditional and the new.”

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“When we look at asset protection from a natural perspective, we realize that in nature, assets are protected not with fences or walls but with internal and external immune systems. So the best way to protect an asset is with systems that self organize and self execute behaviors which function as protective to the asset.”

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“A good investment is like a good fruit tree. From its conception, it grows exponentially larger consistently and reliably. It’s required input in a small percentage of its output. It regularly gives back to the broader ecosystem, helping multiple other lives to prosper. And it produces an abundance of fruit for the enjoyment of its owner.”

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“At Mayflower-Plymouth, our perspective is largely influenced by what we learn from nature. A good investment is like a good fruit tree. From its conception, it grows exponentially larger - consistently and reliably. Its required input is a small percentage relative to its output. It regularly gives back to the broader ecosystem, helping multiple other lives to prosper as well. And it produces an abundance of fruit for the enjoyment of its owner. This is how all good investments are. And this is our perspective at Mayflower-Plymouth.”

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“As a business owner you should never mix business income with personal income and never mix business expenses with personal expenses. Your business is a separate entity with a life of its own. Your job is to lead and manage that separate entity, not to entangle with it. Entangling with your business will result in chaos. But keeping business and personal separate will facilitate efficiency and reduce stress.”

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“If marketing is taking up 1/3 of your revenues or more, something is wrong. Yes you’ve gotta get the word out about your products and services, especially if you’re in a saturated market. But your products and services should attract customers like pollen attracts honeybees. The value of what your business offers should be a magnet to customers. You shouldn’t be chasing after customers begging them to do business with you.”

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“In business, its very important to do consistent market research. It's very important to understand your customers and potential customers. The more you understand them, the better you'll be able to add value to their lives, and the more they'll pay for that value. At Mayflower-Plymouth, we're here to help your business thrive in this way.”

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Book:The Wealth Reference Guide: An American Classic
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“Be careful of how you discuss money in front of your children. Never speak of household finances in terms of lack or scarcity in front of your kids. Only speak of household finances in terms of goals and wealth in front of your kids. Your discussions about money will either enrich them with wealth consciousness or cripple them with poverty consciousness.”

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“True wisdom is acquired by the person who sees patterns, and comes to understand those patterns in their connection to other patterns - and from these interconnected patterns, learns the code of life - and from the learning of the code of life, becomes a co-creator with God.”

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“With managing a business, you need to Invest in good software and or good data mining systems. Run your numbers routinely. Take a look at your revenues - when is the money typically coming in, from where, can you identify any patterns in your revenues? Then take a look at your expenses - analyze the numbers and identify patterns. Why? Because Identifying patterns and extracting actionable items from your revenue and expense data will result in the clarity you need to make good business decisions.”

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