Do you remember reading The Little Engine That Could as a child, or have you read this classic to a child lately? My husband bought this book for our kids this weekend. I could remember reading it a long time ago, but could only remember “I Think I Can, I Think I Can” when he mentioned this story. The boys both enjoyed the book, the trains really grabbed their attention.
The following post comes directly from the author of www.FollowMyInvestments.com. He really sheds a new light on The Little Engine That Could. Check it out!
Investments: Expectations Plus Attitude Equals Success
As a child my mom used to read to me. One of my favorite books was The Little Engine That Could. You may be wondering why or how an investment blog could compare investing to a children’s book. In Science and Engineering we are taught about Ockham’s Razor. It is used as a rule of thumb for developing theoretical models. The easiest way of explaining Ockham’s Razor is “the simplest explanation is more likely the correct one.” The Little Engine That Could not only has a good message for our children, it also has a message that can be directly applied to investing.
Expectations – In the book, the Little Blue Engine had the expectation of pulling a large load of toys up and over a mountain. When setting your expectations for investing do not be afraid to dream big. Once you set your expectations, sit down and begin by mapping out a plan to achieving your expectations, list any books, blogs or training that can help you meet your expectations.
Attitude – In the book, the Little Blue Engine was the only engine that had a positive attitude. Do you know anyone that says that they will never be rich? Do you know anyone that says they could never afford a certain car, a boat, a certain house or whatever it may be? If you know anyone that uses the word “can’t” in their vocabulary, you probably know someone who will never acquire the material items they long to have, unless they change their way of thinking. I teach my children that “can’t” is not a word we want in our vocabulary. I know that I can achieve all my dreams because I have a positive attitude. If you have the right attitude you can too.
What is the right attitude? Rather than saying you will never have something you want, you need to think, how can I afford it? How can you increase your means of making money so you can live at the standard of living you desire? This is easier said than done. It is much easier to say I cannot afford it. Search for ways to increase your financial intelligence. I am suggesting that you find ways to make your money work for you, rather than you working for your money.
Success – In the book, the Little Blue Engine succeeded in pulling the load of toys up the mountain. Regardless of what your expectations are you can achieve them, given you have a good attitude. Over the last couple years my expectations have changed when it comes to success. A couple years ago I thought that I needed to climb the corporate ladder and work for a large paycheck to be successful, not any longer. Now I want to be financially free. I want to get to where my money is working for me. I do not want to have to work for another paycheck ever again. Finally, if not more important, I want to create generational wealth. This means I want to teach my children and grandchildren how to make their money work for them.
Ok, enough of my lofty dreams. I encourage you to dream big, make your money work for you and have the attitude that will lead you to your dreams. If you have children or grandchildren, I recommend you read The Little Engine That Could by Watty Piper to them.
Check out his blog at www.FollowMyInvestments.com to read more on investing from this author.