In business and in life, problems are inevitable. If you think you can avoid them, you’re fooling yourself (and probably wasting too much time trying). The self-made Super Rich – those with a net worth of $500 million or more – understand better than the rest of us the nature of challenges and how to tackle them.
- There are three rules of effective problem solving: Accept responsibility, recognise the trade-offs and constantly improve.
- Combining analytic and creative skills will boost your problem-solving power.
- Get help solving problems from trusted members of your team or advisors.
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Other notes and risk warnings
This article contains the opinions of the authors but not necessarily Donald Wealth Management (the Firm) and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. It is not a promotion of Donald Wealth Management’s services. Donald Wealth Management strongly suggests that no investor should act on any of these ideas without first seeking financial advice.
Past performance is not indicative of future results and no representation is made that the stated results will be replicated. The value of an investment is not guaranteed and on encashment you may not get back the full amount invested. Errors and omissions excepted.
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