It is unfortunate but, most people settle for what life gives them and never realize their full potential. There are some of us who won't settle for less than complete and total success. I suspect that if you are reading this, you are among the second category. Here are a few simple tips to help you reach for the stars. There is no particular sequence to this list.
Set a target. If you write down a goal or at least an intention, you are far more likely to have a greater degree of success. It has often been quoted that only 2% of the population have written goals but that 2% controls somewhere between 80 and 95% of the world's wealth.
Birds of a feather, flock together. Choose your friends carefully. Take a look at your 5 closest friends. In all likelihood you have all reached about the same level of success as you. If all your friends are making 30 thousand a year then likely that is also your income. Think about joining Toastmasters, local business groups, charitable fund raisers, art societies or other similar groups. Chances are that members of these groups are in a much higher income bracket and if you start to develop friends in these groups, you may very likely raise your own standard of living.
Be charitable. Wealthy people are not greedy. In fact, they are the biggest supporters of charities and if you someday wish to be wealthy then you should, within your means, dedicate a portion of your income to charity. Stay within you means but don't be greedy.
Be a life long student. You can never acquire enough knowledge. I am 62 and I still make it a point never letting a day go by without learning something new. In fact, I still take an occasional college class. It keeps the mind sharp and you never know when this new knowledge may be of use to you.
Do what you love and love what you do. Life is too short to be stuck in a job that you hate and you are far more likely to be successful if you are doing something you love. Procrastination is never a problem when you are doing what you love to do.
Take action toward your goals everyday. Even if it is only a small step, every action you take will result in progress. If a day goes by without taking some sort of goal oriented action, just remember we only have so many days before our stay on this planet is over and every single day is the most valuable things that we have.
Last thing at night or first thing in the morning, write down your daily accomplishments and then write out a plan for the new day. Call it a journal, a daily planner or a to do list, you will get far more done if you study what you have done and plan what you are going to do.
Seek success in all areas of your life. You can become a multi-millionaire and still be a failure if you don't take time out for family, friends, spirituality and just plain fun. Life is short and you should try to enjoy every moment that we have.
Find and use the tools that work for you. Goal setting, hypnotism, NLP, self fulfillment and success programs and much more are available to you to help you reach success. When you find the right tools for you, use them. For me, all I have ever really needed was goal setting and affirmations. No single program or method works for everyone. Search out the right tools for you.
Forgive and forget. It does us no good to relive past failures and offences. It is just a waste of precious time. In addition, it does us no good to worry about our future. If you are to live your live your life to the fullest, you can only do in the moment. The only thing that truly exists is today and you owe it to yourself to live it like there will be no tomorrow.
I hope you find this helpful. This is the way I have been living my life and it has worked for me. I have been around awhile-I am in my sixties going on 21.
Stan Pontiere has been an avowed self-help geek since high school-more than 40 years ago. For more information on self-fulfillment please visit: http://www.wealthbyaffirmation.com or my blog at: http://wealthbyaffirmation.blogspot.com/
Article Source: http://EzineArticles.com/?expert=Stan_Pontiere
Showing posts with label take action. Show all posts
Showing posts with label take action. Show all posts
Monday, April 13, 2009
Friday, November 21, 2008
Eight Secrets of Financial Independence
“We simply assume that the way we see things is the way they really are or the way they should be. And our attitudes and behaviors grow out of these assumptions.” - Stephen Covey
Secret #1 – This is by far the single most important of the 8 secrets. It is the foundational key to all success
TAKE ACTION!
If you can’t take the action necessary to achieve financial independence and success, to improve your life, you will no doubt wind up right alongside the 95 percent of the population that is dependent on debt and are ultimately financial failures.
It’s that simple. You can have the very best teachers, the very best education and training, read the best books and listen to the best tapes but without taking action, it’s all wasted. I can’t emphasize this point too strongly or enough. You must find it in yourself to resolve to act; otherwise your thinking will amount to nothing.
Secret #2 – The level of success you achieve in your life is directly proportional to your willingness to accept full responsibility for your life. No matter where you are now, you can only achieve greater things if you take blame and hold yourself accountable for your past. Accept your past and grasp hold of your future.
Secret #3 – Failing to execute a plan for financial independence is the same as planning to fail. This seems fairly self evident. People just float around through their financial life hoping it will all somehow just work out. This is not only wrong but it reeks of insanity
Secret #4 – A home based business where you can invest work and time instead of money. You can make more money with a business of your own than a job would pay you and the tax benefits are worth the effort. It would be a good practice to start slow and small and work it steadily. Eventually, the income will exceed your job and you will need to make a decision as to whether you want to quit your job and take your business full time.
Secret #5 – Residual vs. Linear Income Most people work at a job that pays them a linear income, which means that for every hour they work they get paid an hour’s wage. Or they sell a widget and get paid a commission on that one widget. Residual income, on the other hand, is cumulative and continuous. Let’s say that you sell a widget, instead of getting paid a onetime commission, you get an ongoing commission for that sale month after month. Sell two widgets, get two times the residual.
Secret #6 – Multiplex Income This is the income that you receive when you run your own business and receive your income from the work and efforts of others.
Secret #7 – Positive Mental Attitude I used to think that keeping a positive mental attitude was the key ingredient to success and achievement, that if I maintained a PMA, success was sure to follow. I knew people that cranked up the positive attitude so much they glowed but were complete financial failures. While a PMA is extremely important, the ACTION needed in secret #1 is the true key. Couple PMA AND ACTION together and you have a solid foundation for success.
Secret #8 – Compound Interest Compound interest refers to the fact that whenever interest is calculated, it is based not only on the original principal, but also on any unpaid interest that has been added to the principal. The more frequently interest is compounded, the faster the balance grows.
A good lesson was learned on the golf course when two friends decided to “make it fun” by placing a wager on each hole. The bet was for a dime and on each hole the bet would double. Let’s do the math. The first hole is ten cents. The second hole is twenty and the third is forty cents. Not bad, just a friendly wager, right?
By the time they reached the ninth hole the bet was for $25.60. OK. Still not so bad for golf buddies. The tenth hole was $51.20, the eleventh hole was $102.40 and the twelfth hole was for $204.80! Now, if we were golfing this game, we would be getting a bit nervous. Hole 13 - $409.60. Hole 14 - $819.20. The bet continues to rise. By the 18th hole the bet will be a whopping $13,107.20!
THAT is the power of compound interest.
Dave Capra "The Debtonator" is author of "Your Guide To Perfect Credit", a radio show host, columnist and certified debt consultant. For information contact The Debtonator at 312.674.4861 or email thedebtonator@yourguidetoperfectcredit.com
http://www.yourguidetoperfectcredit.com http://www.franklindebtrelief.com
Article Source: http://EzineArticles.com/?expert=Dave_Capra
***
I think this is a classic article. Taking action, accepting responsiblity, planning, and home based businesses are all key to financial independence.
Secret #1 – This is by far the single most important of the 8 secrets. It is the foundational key to all success
TAKE ACTION!
If you can’t take the action necessary to achieve financial independence and success, to improve your life, you will no doubt wind up right alongside the 95 percent of the population that is dependent on debt and are ultimately financial failures.
It’s that simple. You can have the very best teachers, the very best education and training, read the best books and listen to the best tapes but without taking action, it’s all wasted. I can’t emphasize this point too strongly or enough. You must find it in yourself to resolve to act; otherwise your thinking will amount to nothing.
Secret #2 – The level of success you achieve in your life is directly proportional to your willingness to accept full responsibility for your life. No matter where you are now, you can only achieve greater things if you take blame and hold yourself accountable for your past. Accept your past and grasp hold of your future.
Secret #3 – Failing to execute a plan for financial independence is the same as planning to fail. This seems fairly self evident. People just float around through their financial life hoping it will all somehow just work out. This is not only wrong but it reeks of insanity
Secret #4 – A home based business where you can invest work and time instead of money. You can make more money with a business of your own than a job would pay you and the tax benefits are worth the effort. It would be a good practice to start slow and small and work it steadily. Eventually, the income will exceed your job and you will need to make a decision as to whether you want to quit your job and take your business full time.
Secret #5 – Residual vs. Linear Income Most people work at a job that pays them a linear income, which means that for every hour they work they get paid an hour’s wage. Or they sell a widget and get paid a commission on that one widget. Residual income, on the other hand, is cumulative and continuous. Let’s say that you sell a widget, instead of getting paid a onetime commission, you get an ongoing commission for that sale month after month. Sell two widgets, get two times the residual.
Secret #6 – Multiplex Income This is the income that you receive when you run your own business and receive your income from the work and efforts of others.
Secret #7 – Positive Mental Attitude I used to think that keeping a positive mental attitude was the key ingredient to success and achievement, that if I maintained a PMA, success was sure to follow. I knew people that cranked up the positive attitude so much they glowed but were complete financial failures. While a PMA is extremely important, the ACTION needed in secret #1 is the true key. Couple PMA AND ACTION together and you have a solid foundation for success.
Secret #8 – Compound Interest Compound interest refers to the fact that whenever interest is calculated, it is based not only on the original principal, but also on any unpaid interest that has been added to the principal. The more frequently interest is compounded, the faster the balance grows.
A good lesson was learned on the golf course when two friends decided to “make it fun” by placing a wager on each hole. The bet was for a dime and on each hole the bet would double. Let’s do the math. The first hole is ten cents. The second hole is twenty and the third is forty cents. Not bad, just a friendly wager, right?
By the time they reached the ninth hole the bet was for $25.60. OK. Still not so bad for golf buddies. The tenth hole was $51.20, the eleventh hole was $102.40 and the twelfth hole was for $204.80! Now, if we were golfing this game, we would be getting a bit nervous. Hole 13 - $409.60. Hole 14 - $819.20. The bet continues to rise. By the 18th hole the bet will be a whopping $13,107.20!
THAT is the power of compound interest.
Dave Capra "The Debtonator" is author of "Your Guide To Perfect Credit", a radio show host, columnist and certified debt consultant. For information contact The Debtonator at 312.674.4861 or email thedebtonator@yourguidetoperfectcredit.com
http://www.yourguidetoperfectcredit.com http://www.franklindebtrelief.com
Article Source: http://EzineArticles.com/?expert=Dave_Capra
***
I think this is a classic article. Taking action, accepting responsiblity, planning, and home based businesses are all key to financial independence.
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