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	<title>Stocks on Wall Street &#187; Unsuccessful Person</title>
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		<title>Success is a result of Failure: The Difference between a Successful Person and an Unsuccessful One</title>
		<link>http://stocksonwallstreet.net/featured/difference-between-a-successful-and-an-unsuccessful-person.php</link>
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		<pubDate>Fri, 04 Sep 2009 07:01:24 +0000</pubDate>
		<dc:creator>James</dc:creator>
				<category><![CDATA[Featured]]></category>
		<category><![CDATA[Failure]]></category>
		<category><![CDATA[Success]]></category>
		<category><![CDATA[Successful Person]]></category>
		<category><![CDATA[Unsuccessful Person]]></category>

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		<description><![CDATA[What makes the difference between one who achieves and one who fails? “Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.”A famous man named Thomas Jefferson once said this and it is 100% true. Success is not easily [...]
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<p><strong>What makes the difference between one who achieves and one who fails?</strong></p>
<p><strong> </strong></p>
<p><a rel="attachment wp-att-2192" href="http://stocksonwallstreet.net/2009/09/04/difference-between-a-successful-and-an-unsuccessful-person/goals3/"><img class="size-medium wp-image-2192 alignright" title="goals(3)" src="http://stocksonwallstreet.net/wp-content/uploads/2009/08/goals3-300x225.jpg" alt="goals(3)" width="300" height="225" /></a>“Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.”A famous man named Thomas Jefferson once said this and it is 100% true. Success is not easily accomplished; it takes hard work, time, and commitment. Something many of us fail to accomplish and as a result many don’t perceive. You want to know distinguish the difference between a successful person and an unsuccessful one. A successful person has goals and knows where he wants to be five to ten years down the line. An unsuccessful person has dreams and thinks maybe it will happen someday. One person will tell you what he plans on doing and when it will be done. The other will what he hopes might happen someday. Those are the two worst words you could use, Someday and Hope. For one, the word hope, it’s a sellout, you either want something or you don’t. Plain and simple don’t hope for things, make them happen. 99% of the time your extra effort can get that job, land that deal, accomplish your goals. If you believe it you can achieve it. The other word Someday is equally as bad. Without goals, and plans to reach them, you are like a ship that has set sail with no destination.</p>
<p><strong>What it takes to be a Winner</strong></p>
<p>A winner is someone who recognizes his God-given talents, works his tail off to develop them into skills, and uses these skills to accomplish his goals. A winner has no fear of failing because they know success is only achieved from a string of failures. You have to take risks in life, that’s the only way to achieve what you want. That’s something man<a rel="attachment wp-att-2191" href="http://stocksonwallstreet.net/2009/09/04/difference-between-a-successful-and-an-unsuccessful-person/dreams/"><img class="size-medium wp-image-2191 alignleft" title="dreams" src="http://stocksonwallstreet.net/wp-content/uploads/2009/08/dreams-300x251.jpg" alt="dreams" width="210" height="176" /></a>y people fail to accept, they are to scare to accept risk. You want to know why unsuccessful people have dreams not goals? Because dreams don’t have a timetable. People are so scared of failure and don’t want to be accountable so they think that if they set a goal with a time table and the clock runs zero and they haven’t achieved everything possible, well to them that’s failure. The only difference between a dream and a goal is a goal is a dream in action. A winner makes commitments, while a loser makes promises. To achieve your goals you need to take on responsibility. To many people in life are followers willing to go in line with the same day-by-day process even though they disagree. You know what challenge that person or system and make it your goal to fix it. Hey, we all have dreams, however have you ever made a goal to achieve your dreams? Did you ever put a time limit on it or is it something in the back of your mind you continue to put off. The trouble with not having a goal is that you can spend your life running up and down the field and never score.</p>
<p><strong>A Goal is a Plan of Action</strong></p>
<p>The key to a goal is setting a time limit and a group of stepping-stones to help you reach that point. If you don&#8217;t know where you are going, you might wind up someplace else. For instance would you ever loan someone money not knowing when you will get paid back? What if the only answer the person gave you was someday I will pay it back. Well someday could be a long way away so would you invest? No never, if you ever want to achieve something in life you need to place a time limit on it. A set date of completion helps force you to take action and getting around to completing your goal.</p>
<p><strong><span style="font-weight: normal;"><img class="size-full wp-image-2195 alignright" title="success_through_failure" src="http://stocksonwallstreet.net/wp-content/uploads/2009/08/success_through_failure.jpg" alt="success_through_failure" width="240" height="239" /></span>Failure is the Key to Success</strong></p>
<p>I can’t stress this more importantly the key to success is to not be scared to fail. Failure is required in order to succeed. You must have long term goals to keep you from being frustrated by short term failures. Talk to any successful person and I am sure they will have quite a few stories to tell you about their failures. In my short life, I have had many failures trading within the stock market. I can remember specifically buying Monsanto (MOS) at $95 in May of 2007. Well come July the stock was riding high at $165 and I felt good about the profits. However, foolishly I felt it would keep going up. What happens next? Well I go on a family vacation to Okoboji, don’t pay much attention to the markets and then come August I had to settle with selling the stock at $100. 2008 all together was a failure for my brokerage account but you know what? It has only made me better. Talk to any trader on Wall Street and he will tell you that he learns more on the losing trades than he does on the winning ones. I learned this recently on a cold call to Kenneth C. Griffin, the Founder of Citadel Investments, one of the largest Hedge Funds in the world. Unfortunately I was unable to talk to Ken personally yet was passed on to his right hand man and this is a key aspect he stressed. As a result I want to pass it on to all of you. This relates to all sectors of business, just remember failure is the key to succeed.</p>
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