What does wealth mean to you? How much money is enough? How much money do you need in order to become wealthy? The answer will vary from person to person but have you ever asked these questions to yourself?
To a billionaire, wealth equals billions of dollars. But to a normal person who just wants to have financial independence, wealth can just be millions or even hundreds of thousands. It all depends on your lifestyle and where you choose to live. My question for you is: What is wealth on your terms? How do you know when you are wealthy?
In this post, I have a list of the things you need to know in order to become wealthy. Every wealthy person I know and study does the following things. Here they are:
#1. Define Wealth On Your Terms
As I said earlier, you need to redefine what wealth means to you. You have to find the answer for yourself because everyone’s circumstance is different. Get a pen and a piece of paper, sit down and write down what you need to have in your life in order to feel and be wealthy. Whatever that number is, write it down and set a goal to achieve it.
#2. Set Your Goal
This is not a new thing. In fact, goal-setting has been taught by many business and personal development gurus out there. Why do you really need to set goal? Because it gives you the clarity and power. Let’s say your goal is to earn $500,000 annually in passive income, your plan of action is going to be different from a goal of $50,000. The amount of effort, time and other resources you need to invest to accomplish your goal will be significantly different. You can set your daily goal, weekly goal, monthly goal and yearly goal.
“Setting goals is the first step in turning the invisible into the visible.” – Anthony Robbins
#3. Develop A Plan Of Action
Once your goal is carefully and purposely defined. A plan of action is necessary to achieve it. You need to work hard to achieve your goal. No one in the history of mankind succeeded without hard work. Regardless of what others might say to you or how advanced the current technology is, you still need to work hard. Massive action is the key to create progress and results.
#4. Use The Power Of Laser Focus (Tony Robbins)
In this video, Tony explains the power of focus to succeed in business and life. If you want to create extraordinary results, you need focus. By having a clear result or outcome of what you want to achieve and consistently focusing on it, your behaviors will immediately change. As Tony said, where your focus goes, energy flows and results show.
#5. Aim For Both Success and Fulfillment
Have you ever seen a rich person who is not happy? Why does this happen? Because he focuses on achievement but not fulfillment. I learned this lesson from Tony at Date With Destiny Gold Coast event where he explained “success without fulfillment is the ultimate failure”. I totally agree with his point. Nothing is worse than having success and still being miserable. You need to know what makes you happy and fulfilled in order to truly achieve financial wealth and success.
I hope this post inspires you to set your financial goal and achieve both success and happiness in your life. If you like me to blog more about this topic, let me know.