Wednesday, June 18, 2008

90/10 Rule of Success



90/10 Rule of Success: In any field, less than 10% of people will excel.
- Andrew Chia

Observe the fields of study, sports, money-making or even hobbies and you will find that this is not far from the truth. Understanding this rule will encourage us to strive to be among the 10% who succeed. It will also guard us against complacency as we will not want to be among the 90% who fail.

Rich Dad's 90/10 Rule says that 10% of the people had 90% of the money. Wall Street Journal (13th September 1999 issue) says that 90% of all corporate shares in America are held by 10% of the people.

In the United States, statistics show that 90 out of 100 businesses fail within the first 5 years. 9 out of the remaining 10 fail in the next 5 years.

Thought making money is easy? Now you know the odds. Take up the challenge. Go for it. Make a commitment not to stop learning something new about making money each day.

Be amongst the 10% who succeed.

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