How many times have you seen Jack Nicholson blast Tom Cruise with those words from A Few Good Men, their well-known movie? My mentor, Don Blanton, has said too often for me to count, "We are in the belief changing business."
Some of the facts espoused by money gurus on the radio are demonstrably erroneous. Much conventional wisdom about wealth accumulation is inferior, if not untrue. Learning that is one moment in time. Accepting it and changing our beliefs (sometimes long and dearly held) is a process that can take time.
Trying to accelerate that process is not my task. The things people believe are not only among their empirical set, they are also rooted in their emotional set. It is emotional to realize and accept that what you thought was true has turned out not to be.
Two qualities that I continuously refresh and nurture, therefore, are patience and understanding. Time is everyone's greatest financial asset. The value of time in the uninterrupted, compounding growth of money can hardly be overstated. On the other hand, pressuring people to change a mistaken and deep-rooted belief can be counter-productive.
When Tom Cruise demanded the truth from Jack Nicholson, Jack snarled back, "You can't handle the truth!" How about you?
"You can't handle the truth!"
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