“The most effective way to do it, is to do it.” — Amelia Earhart
Do you wish you had more money? Undoubtedly, every one you ask will say yes.
Maybe a nice financial cushion for peace of mind, or just some extra spending cash each month?
As someone who lived paycheck to paycheck for many years, I know that lifestyle very well. It’s not pleasant at times and can be stressful.
Perhaps the information I’m about to share can change things for you, or someone else. Of all the literature I’ve read, these are among the biggest problems that people have had to overcome to become successful. Personally, I could relate to every one of them. Although I’ve for the most part eliminated these bad habits, every now and then I tend to fall off the wagon and forget these gems of advice.
I often thought I was doing pretty well, at least at certain times in my life when I was a mechanic, laborer, landscaper, electronic assembler, and so on. I enjoyed these jobs–to a certain point, but then realized they were lacking in what I was looking for. I really wasn’t getting paid very well and didn’t see much of a future in what I was doing. At least I had the foresight to realize the future part. I felt like I was somehow a victim, destined to not get anywhere. But I eventually realized the problem wasn’t so much the job or the people. (True, your environment can have a negative effect on you if you let it.)
What I saw was that people all around me had problems–at their jobs, relationships, family, finances, academic, and so on. I was no different than them in that respect. It dawned on me that it’s how people deal with their adversities, and then compensate, adjust, adapt, or whatever you want to call it. What it really boils down to is taking inventory or your situation, and adjusting your mindset on how you’re going to change your personal situation.
The right mindset can change everything. That’s what I want to share with you today.
Just so that you know, I understand that some face more adversity than others, and that it is going to be more difficult for others. But simply understanding these common traits may spark some ideas for you. As I mentioned before, I was able to relate to all of these things you’re about to read, and I understand why people can feel financially and socially downhearted.
1. Limited Self-belief
People who become independently wealthy do not wallow in limited self-belief.
Instead, they truly believe that there is nothing that can stop them from achieving their goal of financial freedom. Most exhibit a high level of self-confidence that is often contagious, meaning everyone they work with are energized by their presence, their courage and determination, and feel compelled to follow.
These optimists maintain a positive outlook at almost all times. Their confidence is not easily shaken by external factors and day to day setbacks and challenges. These are the people you see that have positive beliefs and energy that virtually motivate any task to completion.
2. Staying Locked in Their Social Comfort Zone
You know that old saying… Birds of a feather flock together? Well it is true in financial circles as well. Many low income earners only network with other people who are of the same or similar income as them. It’s their comfort zone.
They rarely if ever actively seek out other people who are significantly wealthier than them. They even sometimes do the opposite, they avoid them and even shun them.
Most people who become high income earners do the opposite. They come out of their comfort zone, and consistently befriend and learn from others who are doing better than them financially. In the process, many are surprised to discover that the people they considered “snobs” are willing to help them.
Of course, successful people are busy people (next mindset). However, if you befriend a person and then ask them for advice, that person will usually give it. People are generally pretty decent once you get to know them. If they see someone who is sincerely trying to better themselves and is willing to put in the hard work to accomplish it, they will offer help. All you have to do is ask. I know. I’ve had the good fortune of working for wealthy entrepreneurs that took time to give me their professional and personal advice when I asked.
3. Avoidance of Hard Work
People who become top earners are usually willing to do whatever is necessary to reach their goals, including things that seem like a lot of work. The fact is, even huge tasks can be separated into small steps that can be completed one at a time.
People with true potential to become big earners recognize this and immediately start breaking down big ideas into achievable steps. This “no-fear” trait can result in positive advances at virtually every level, from minimum wage workers to self-employed individuals.
The simple fact is, if you want to make great strides in life, you need to be willing to roll up your sleeves and work long, hard hours. You’ll hear that from all financially successful people.
4. Talking About Plans Instead of Taking Action
How many people do you know who are constantly saying “I’m going to do this”; “I’m going to do that”? How many of those things do they actually DO?
Financially independent people are DO’ers. Instead of saying what they’re going to do, they jump in and start doing it. When their tasks are completed on a regular basis, they accomplish great things over time.
Most people who become wealthy through their own ambition recognize that time is their most important asset and a very scarce resource. They do not waste their precious time talking about what they are going to do. They take action and DO IT step by step, while the “sayers” are sitting in front of a TV watching soap operas or endless hours of reality shows.
Don’t waste your time watching others. Get to work.
5. Unorganization and Procrastination
While there are some people who’ve become wealthy despite lack of organization, they are in the minority. The fact is, most people who go on to earn the big bucks got their act together enough to know how to get things done.
If they don’t understand how to organize big tasks, then they are often intelligent enough to read or ask–to learn from others the tricks to organization. If a task seems too overwhelming, they break big projects down to specific tasks. They keep lists and set deadlines for each task to be completed. They don’t constantly put things off.
When they have a job to do they roll up their sleeves and jump right in without delay. Even if they’re simply delegating the job to someone else, they give immediate, concise directions and follow up regularly to monitor the progress.
6. Not Using “Leverage”
People who get things done know how to use the power of leverage to achieve maximum results with minimum efforts. They understand how to leverage money as well as people. Big achievements are not accomplished by one person, even though one person sometimes reaps the bulk of the credit or financial gain.
Think about it. Did Steve Jobs write all the code that makes an Apple computer run? Did he put iPads together himself? Of course not! Heck, even the President of the United States has people who write his speeches.
Every successful person finds ways to leverage their time and money. For example, I’ve used online businesses like fiverr.com for art work that would have taken me weeks, if not months to accomplish. Artwork and graphics is not my thing. I don’t have the imagination that graphic artists have. (Hence, that’s why they’re graphic artists.) My years of technical writing and research is apropos for writing dry journals like this. The graphics that I paid for, at very reasonable rates I must say, out performed any abilities I have. In short: Focus on your personal strengths. For those capabilities you’re lacking, hire those with more talent.
Note: This is part PLR that Vladimir O. has permission to use.