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The $25,000 Formula for Success: A Lesson from JP Morgan

A man approached JP Morgan, claiming to possess a guaranteed formula for success, and offered it for $25,000. Morgan, intrigued but cautious, proposed a deal: if he liked what was in the envelope, he would pay the amount. The man agreed and handed over the envelope. Inside was just a single sheet of paper, which Morgan quickly glanced at before paying the full amount. The paper simply contained two pieces of advice: "Every morning, write a list of the things that need to be done that day. Do them." This story illustrates the power of simplicity and focus in achieving success.

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The $25,000 Formula for Success: A Lesson from JP Morgan

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  1. A man approached JP Morgan, held up an envelope, and said, “Sir, in my hand I hold a guaranteed formula for success, which I will gladly sell you for $25,000.”“Sir,” JP Morgan replied, “I do not know what is in the envelope, however if you show me, and I like it, I give you my word as a gentleman that I will pay you what you ask.”The man agreed to the terms, and handed over the envelope. JP Morgan opened it, and extracted a single sheet of paper. He gave it one look, a mere glance, then handed the piece of paper back to the gent.And paid him the agreed-upon $25,000.

  2. 1. Every morning, write a list of the things that need to be done that day.2. Do them.Source: Hugh MacLeod/tompeters.com/NPR

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