Page 216 - Trump University Commercial Real Estate 101

10

Y ou ’ ll Never Get

Rich by Y ourself

AMATEUR M ISTAKE: “I F I WANT IT DONE RIGHT,
I NEED TO DO IT MYSELF.”

I don’t know who first said this, but I can tell you that it was not some-
one who became rich.
Let’s get something out of the way right up front: You probably can
do a few things better than most people. You may even be able to do
one or two things better than just about anyone.
So what. If you are serious about becoming seriously rich, then you
must get beyond your own skills, because you need a whole variety of
talents. And you can’t possibly be superior at all of them.
You must now acquire a new skill—the ability to change your atti-
tude about delegation.
First, recognize that for many tasks, perfection is wasteful. It’s the
80/20 Principle at work again: If you want to go for perfection, you’ll
spend 80 percent of your time on just that last 20 percent of improve-
ment. I’m here to tell you that it’s usually not worth it.
Know when to stop. Demand high-quality work from yourself and
the people with whom you work, but also know when to say it’s good
enough. For instance, you won’t make extra money by scouring your
market for 25 comparable properties, when 10 is more than suffi cient.

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