Planning for Financial Independence

In order to have the proper mind set for financial independence (a millionaire mind set), you need to decide exactly what you want. This includes: total desired net worth, your desired income during retirement, the total cost of toys, hobbies, homes and amenities that you want to enjoy, the annual amounts you want to give to charity, and you will need to decide how big of an emergency fund you will need. Be honest with yourself in deciding and writing down what you really want. Write down your real desires, their cost and add up the total.

The next thing you need is a plan to reach your goal of financial independence. Your plan needs to include a budget, debt reduction (if you have debt), education goals, a business plan, a marketing plan, and any other plan you need to make before you can become financially independent. Again, be honest in your planning. Investigate and seek professional advice from lawyers, CPA's, etc, as needed. Another person should be able to read your plan and completely understand it and see it as workable. Plan in advance how to deal with the problems that will happen as you attempt each part of your plan. You may have to deal with a bad economy or scummy salespeople, etc.

It is a good idea to consult with your mastermind group. Your mastermind should be able to assist in planning and identifying obstacles.

After you have written your goals and plans, now is the time to take action. Now it is time to launch your plan. This means work, taking risk, and hopefully, launching a business of your own. Now it is time for motivational audios while you drive, powering through problems and cutting yourself off from imbeciles. After your business or career is up and running, you are selling, and doing even more research and promotion. You are after customers.

As soon as you are successful, immediately start saving at least 10% of your income. If you can't save money, the seeds of greatness are not in you, says W. Clement Stone.

Before you begin your days, in the beginning of your new plan, type up a page of your greatest accomplishments and read it to yourself. Start when you were young and progress to today. What were your best accomplishments? Write or type them. Doing this exercise focuses you on your own success. You probably don't want to charge into a meeting or presentation feeling like you are not capable.

If your career or venture does not start out as you planned, do what Tony Robbins says to do and change your approach. Don't quit the goal, change the approach. Again, be honest with yourself in the assessment of yourself and your team.

David K Drews is the web master of http://www.renegadeuniversity.net a site that will assist you in planning your escape from the rat race. David is also the author of "The Black Book of the Mastermind." David is studying for an MBA and has been an investor for 20 years.

Article Source: http://EzineArticles.com/?expert=David_Drews

How to Create a Master Plan for Success

In order to have a clear plan for success, you must have your goals written down. Yeah, I know you've probably heard this before, but why do you think you've heard it so many times? Because writing down your goals works!

A client of mine didn't want to write down his goals. When we first started working together, he told me that he had been in business for 20 years, was earning $120,000 and didn't think goal setting would work for him to grow his business. I explained to him that it would give him clarity and something to strive for. After his initial resistance, he finally listened to me and told me that one of his goals was to double his business to $240,000. Within 6 months of working together, he doubled his business and made the most amount of money he has every made in his entire career. Why do you think this happened? Because having clarity and a master plan with goals pays off!

To improve your chance for success, you should create a master plan. This is your big picture... a visual map of how success looks to you.

Here's how you can create a game plan for focusing on your goals:

IMAGINE THE POSSIBILITIES:
Think of 101 things you want to accomplish in the next 10 years. Have fun with this and let your imagination run free. Be specific and personalize your list by beginning each sentence with "I am" or "I will." For example, "I will exercise at least three times a week. "Or I am the most successful salesperson in my company".

To get you started, here are a few questions that can help you gain focus:

What do I want to do?
What do I want to have?
Where do I want to go?
What contribution do I want to make?
What do I want to become?
What do I want to learn?
Whom do I want to spend time with?
How much money do I want to earn, save and invest?
How much time do I want off for fun?
What will I do to improve my health?

Once you make your list of goals, prioritize them. Place a 1 by the most important goal, 2 beside the next most important and so on. But before you do that, write down the most important reason you want to accomplish each goal and the biggest benefit you will receive from each. This will help you stay focused and motivated.

CREATE A PICTURES GOAL BOOK:
To improve your focus on your new lifestyle, create a picture book of your most important goals. Simply start collecting pictures in a large photo album. For instance, if your goal is to travel to France, start clipping photos of places, people and items associated with that country. For a real-life example, a client of mine wanted to obtain 60 new clients, so he cut out pictures of people's faces and pasted them on a large poster board with the number 60 around it. This helped him visualize his goal, making it seem more achievable.

USE AN IDEAS BOOK:
Get a basic notebook and jot down your daily observations and insights. This is a powerful tool to expand your awareness. You can use your book for business ideas, sales tips presentation skills, money-making projects or quotes you have read. If you're more of a computer person, you can start a Word document called "Great Ideas."

VISUALIZE, THINK, REFLECT AND REVIEW:
Use your imagination to create positive, winning pictures. The sharper your images are and the more intense you feel, the more likely you are to create the result you desire.

DEVELOP MENTORS AND MASTERMIND GROUPS:
Surround yourself with people who have more experience in areas where you are lacking. Your master mind group should have four to six people who meet regularly to share ideas and support each other. These are power alliances that can help you achieve your goals much faster than you could on your own.

Pamela Dunn, founder of Executive Coaching International, is passionate about helping successful professionals and entrepreneurs achieve their highest vision of success. As a former trainer for world-class success coach Tony Robbins, Pamela has a tremendous amount of insight into personal and professional success. Her unique High Performance Coaching System is a results-oriented program that has helped countless professionals find focus, build efficiency, and eliminate overwhelm. For information about Pamela's coaching program, or to sign up for more free, high-performance articles like this, please visit her online at http://www.PamelaDunn.com.

Article Source: http://EzineArticles.com/?expert=Pamela_A_Dunn

A Peek Inside a Mastermind

If you are thinking about joining a mastermind, read this.

When I first met my mentor, he wanted to take massive action on a business. The business he proposed was MLM. I said no way. I told him, with all he knows about alternative health, he should get into that business. My mentor helped me learn more about Internet marketing, really applying Tony Robbins' teachings, and gave me the lowdown on all the gurus. We traded audio books and knowledge. My mentor, then and now, gets me fired up and ready to take massive action.

If you join a mastermind and you are a newbie to Internet Marketing, sales, personal development, and the things you all work on, take action on what the guy tells you.
Be honest in your dealings. If you stick with your mastermind alliance, you can transform your whole life!
I posted three excellent mastermind articles to:
www.financialindependenceuniversity.com
Click on the link above and then click on the Mastermind tab on the left.

A Good Tip for You

If you are or want to be any kind of a infopreneur, guru, expert, speaker, etc...
Then what you want to do is adopt the mentality of an investigative journalist.
If you want to be like Tony Robbins or Brian Tracy... what you need to start doing is researching what works in your chosen fields.
You will read and analyze a lot of books, articles, and statistics and then package them into a great talk or CD or book or E Book or web site.
Have a look at www.independentwealth.us to see an example of some of the stuff I have uncovered.

Kill 2 Birds With One Stone

If you want to get yourself pumped and motivated and take care of that $20 burning a hole in your pocket, do I have a deal for you.

At the homepage at www.financialindependenceuniversity.com I have a CD for sale by Anthony Robbins which chronicles Tony's rise to the top. When Tony was young, he was living in a 400 square foot apartment with no money and 38 pounds overweight. A year later, Tony lived in a castle. How did he do it? Listen to the CD sold above. If Tony's story doesn't motivate you I don't know what will.

A Story You Have to Hear

A few posts ago, I gave you the link to Mark Cuban's blog, where Mark tells us the story of how he went from rags to riches. That was really good and if you have not read the blog, go back and read it. But if you want to hear a rags to riches story that is just as good, look at the CD pictured at www.financialindependenceuniversity.com You will love this affordable CD!

Unbelieveable Blogging!! A Must Read

This is the most motivational blog I have ever read. Only Tony Robbins rise to the top is as good. This is a must read for success gurus. Now read billionaire Mark Cuban's rise to the top!
http://www.blogmaverick.com/2007/12/24/success-and-motivation/

Financial Independence 101 - Study Successful People

Live below your means and invest the difference is the first thing you do to become FI (financially independent). The next thing you do is: study successful people. When you meet a successful person, ask them how they made it. Read magazines that profile successful people. CNN/Money profiles millionaires in the making, read that. Read "The Millionaire Next Door". Read the autobiographies of successful people. Listen to audio programs by Tony Robbins and Brian Tracy. Tony and Brian interview successful people and teach people like us how they made it big.

I personally ignore most detractors of self made millionaires and billionaires. I think you should too.