1. Take
your time
Good plans rarely happen
overnight. To find the right plan for you, you need to think long and hard
about your life, what you want from it, and where you want to go. This can take
days, weeks, and sometimes months. Take the time to discover and define what is
really important for you in life.
During this time, don’t talk
with others until you know what you want. All too often, people either
innocently or intentionally impose their ideals on others instead of respecting
what others want for themselves. This is your time to define what you want for
you.
2. Find
a coach
Once you know what you want in
life, find a coach that you can trust. This should be someone who has
successfully done what you want to achieve. Ask them to provide their
qualifications and interview several people. It will be an eye-opening
experience for you.
Your coach is there to guide
you when you develop your plan and to ensure you stick to it. A coach isn’t
there to coddle you; your coach is there to push you when you don’t want to be
pushed and correct you when you need it.
3. Set
realistic goals
Lots of people abandon a plan,
not because the plan is bad, but because the goals were not realistic.
Identify goals in a way that
reflects what you want in life. Lots of people say, “I want to be a
millionaire!” Don’t do that. That’s a cold, stale and lofty goal and one that
is easily dismissed, especially when you’re having a hard time making your
first $10,000.
Set goals that are real to you:
“I want to have enough passive income to cover my family’s expenses so I don’t
have to worry about money and I can spend all my time with my children.” That’s
better! Figure out how much passive income you need to achieve it and put a
plan in place.
If you make your goals more
personal, you’ll have a better chance of sticking to your plan to achieve your
ultimate goal.
Don’t just sit on one goal and
think that’s it. Start with small, realistic goals then improve or add to those
goals as your financial education and experience increase. It’s best to learn
how to walk before you run a marathon.
Don’t get discouraged if you
make mistakes. Having realistic goals doesn’t mean you’ll win one hundred
percent of the time. Mistakes are part of the process of learning from and
achieving your goals.
4. Get
a team
Business and investing are team
sports. As your plan evolves, you will need team members who can assist you in
achieving your dreams. Members of your team might include a banker, accountant,
lawyer, broker, bookkeeper, insurance agent, and/or a successful mentor.
Each of these team members will
need to be vetted by you. Don’t just take anyone onto your team; instead, find
the right player for each position.
When you have assembled your
team, meet with them often. I held meetings with my team over lunch for many
years. I learned a lot about business, investing, and the process of making
money through these meetings.
5. Mind
your business
Whatever your plan, always
remember the words of rich dad, “Regardless of whether you work for someone
else or for yourself, if you want to be rich, you’ve got to mind your own
business.”
Don’t be distracted by side
projects. Yes, it may earn you an extra buck but it just ate up your time; time
that could’ve gotten you closer to your goal. If it doesn’t move you in the
right direction in relation to your plan, don’t do it.
In
minding your own business, you will be more in tune with the market’s feedback
and you’ll be able to adjust your plan accordingly. Be diligent and keep going step at time. Do
that and you’ll have a great chance at getting everything you want in life.
Grow a second incomewith the Internet's #1
affiliate program
Wou! I like this, I have to try .......
ReplyDelete