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Control is the ability of a person to manipulate certain factors that may affect or may improve one's life. In an investment language, it is basically a yes or no statement questions with regards to the decision making and assets. But what is a better answer in investment decisions? It is said that the answer "no" is the better answer for investment decisions. Why is that? Saying no is the best indicator of control. Just like when you are tempted to eat a variety of foods when you declared yourself to be in diet. Your ability to say no will indicate that you are in control of your own prerogative.
The word "yes" may represent a positive statement. It may be a form of motivation to do something. It implies positive emotions and raises expectations. But it does not necessarily imply good outcomes when it comes to investing.
On the other hand, the word 'no' may represent a negative connotation but it takes pushes accountability and responsibility on the hands of the decision maker. Saying no to an investment that is likely to be unworthy of your money is definitely a big thing. It will not let you or your finances to be hurt, hence the winner will still be you. Saying "no" when you want to say "yes" is the characteristic of being in control of every essential factor.
But when do you have to say it? How do you say no when the numbers are very attractive? A potential investment may present you an attractive deal that will surely hinder you from saying no. But as an investor in control, you need to dig deeper through the numbers. You need to open that very inviting cover and examine how the business or property is making money. If you cannot determine do so, then you and your finances might be in peril.
Another thing is you need to calculate the drawback of the potential business or investment you are planning to get into. You need to be aware of the worst that could happen in that said business. Remember that once that business goes down, it will also pull you down with it. You need to be smart enough to think of ways on how less you could get hurt in the process.
Lastly, you need to say no if the voice within yourself is telling you not to proceed with the investment. The person whom you could trust most at this time is you yourself. If you feel that there is something not right with the investment then go ahead, back away from that deal. Human instincts will always be the best assessment tool for these types of deal.
Being able to control your decision making will naturally lead you to your finance absolute wealth. Being able to weigh the different factors that you need to consider will definitely give you an edge in the corporate world. Smart decision making is indeed the key to success on your investments because in this world; if you lack authority over your decision making, you don't have control over anything.
SOURCE : http://goarticles.com/article/Control-of-Finances-The-Key-to-Absolute-Wealth/5490513/
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