Tip o’ the Morning to Ya – Success and Risk

Rich Habits Word of the Day

Impetus – Motivation.  Tom’s impetus for writing Rich Habits was to share his research with those struggling financially.

Rich Habits Fact of the Day

It was Jan. 24, 1984, when a young Steve Jobs — sporting a goofy bow tie — stepped onto a stage in Cupertino, Calif., and unveiled the Macintosh. The Macintosh shipped with only 128K of memory, compared with the 1,000K RAM in the Lisa. It also lacked an internal hard drive, at Jobs’ insistence. And the Macintosh didn’t have a fan (Jobs believed that it “distracted from the calm of the computer,” Isaacson wrote.)

“This caused many component failures and earned the Macintosh the nickname ‘the beige toaster,’ which did not enhance its popularity,” Isaacson wrote in his biography on Steve Jobs.

Apple sold 70,000 Macintosh computers by April. But by the end of the year, it was selling only 10,000 a month. By January 1985, with the company discontinuing the Lisa, Apple was plunged into a crisis. The result over the next several months was a showdown of sorts between Sculley and Jobs that the latter eventually lost, leading to his departure from Apple that summer. Less than 18 months after the launch of the Macintosh brought Jobs international acclaim, he was out of the company he founded.

In 1986, Apple came out with the Macintosh Plus, which had 1 megabyte of memory. That machine was powerful enough to run new desktop publishing software that made it a hit with creative types.

Over time, of course, it turned out that Apple and Jobs were right about many of the feature of the original Macintosh. Jobs believed in designing the Macintosh that it was important for hardware and software to be tightly integrated, a philosophy Apple continues to embrace to this day. And of course the graphical user interface and the mouse have become standards of personal computing. As a result, the original Macintosh has had a legacy that stretches far beyond its own success as a product.

Rich Habits Lesson of the Day

Taking risks requires overcoming your fears. Fear of losing money and fear of failing hold most people back from pursuing a dream, purpose or major goal. Successful people take risks in spite of their fear of economic loss or failure. They have adopted the Rich Habit of facing their fears. Taking risk means you will face many obstacles; you will face frustration; you will make mistakes and you may fail. Passion for pursuing your dream, purpose or major goal enables you to overcome all roadblocks. Only by taking risks will you find out just how remarkable you are. Taking risks forces you to learn and evolve and unleashes your inner genius.

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Thomas C. Corley About Thomas C. Corley

Tom Corley is a bestselling author, speaker, and media contributor for Business Insider, CNBC and a few other national media outlets.

His Rich Habits research has been read, viewed or heard by over 50 million people in 25 countries around the world.

Besides being an author, Tom is also a CPA, CFP, holds a master’s degree in taxation and is President of Cerefice and Company, a CPA firm in New Jersey.
Phone Number: 732-382-3800 Ext. 103.
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