Opportunity | The Probabilist . com

Opportunity November 21, 2006

Posted by The Probabilist in : [Articles], Financial Literacy, Goals, Commodities, Vision, Wealth, Assets, Investing , trackback

How do you find great opportunities? And how is it that some people seem to constantly make great deals while others struggle in a financial swamp to make their ends meet? These are some important questions, but like all big questions there just isn’t one single, eloquent answer that magically makes the red carpet roll in front of your feet for you to walk on. So with this fact in mind I’ll be writing a good amount of articles to help you get closer to answering these great questions.

The reason I started with opportunity is because that’s where it basically always starts. You see an opportunity, analyze and research how much there’s to it, make the decision to try it out, stick to it and make sure it works out as you planned and finally end the process when you see fit and take your gains or losses. Very easy and simple to apply? Not likely.

I’ll give you an example of how I went through this five-step process that started with an opportunity and let you know how much time each step took. But to start it off I want you to look at a picture. This picture shows an opportunity and will require you the effort of looking at it for one whole minute. That’s exactly what I did when I saw it and it ignited me to execute the five-step plan according to what it told me. Click on the following link and soak up all the information you can in 60 seconds.

Opportunity

As you probably noticed, the picture is a bit over two years old as of today, but it doesn’t change the story it tells. To me the picture told to start analyzing and researching if it could hold any merit and what the odds are of it coming true. As a result I spent approximately 50 hours and read about 900,000 words to make myself reach a decision if I wanted to be part of the offer that was presented to me.

The result was that I took my savings and pumped them into this opportunity. I did this in January of 2006 and everything has gone according to plan ever since. However, with an opportunity like this you can see that there’s still 3-5 years left to go and that takes patience. But the good thing about it is that it doesn’t take any effort on my part so I can still use 24 hours of my day to pursue other issues like running this website. In other words, my money is working on this particular opportunity, while my mind is working on other issues that doesn’t take money to bring more money.

So in this case, the opportunity took 60 seconds, the analysis took 50 hours, the choice and technicalities to participate in it took about 60 minutes, following through the plan will take 4-6 years and ending it will again take 60 seconds. That’s quite an impressive diversification of time within the different phases. However, the effort it takes to take part of something like this doesn’t have to be parallell with time allocation in any way, just like in this particular case.

The object of this article is not to convince you to invest in gold. It’s object is to guide you how to make sound decisions when opportunities present themselves. I anticipate the price of gold to go from today’s 626 $/oz to around 1,000 $/oz by Spring of 2007 and I don’t see why it shouldn’t. If you still want to take the same step as I did, then check out the source I’m using to stay in touch with the markets.

As I mentioned earlier, this article is just a fraction of an answer that explains why and how some people behave differently when it comes to the subject of wealth and money. For more information on what kind of articles to expect when it comes to building a sound financial foundation for your future check out the terms I used in the third paragraph of setting goals. On top of those, my index of topics regarding wealth creation currently also involves leverage, procrastination, the correct way to measure wealth, cashflow 101 and several books waiting for reviews. So bookmark this site and the links I provide to constantly improve your awareness of living frugally.