What is strategy and why do I need one?
September 18, 2008
In order to get rich, you have to have a strategy. Wikipedia explains that “a strategy is a long term plan of action designed to achieve a particular goal, most often “winning.” Strategy is differentiated from tactics or immediate actions with resources at hand by its nature of being extensively premeditated, and often practically rehearsed. […] Strategy is about choice, which affects outcomes. […] The word derives from the Greek word stratēgos, which derives from two words: stratos (army) and ago (ancient Greek for leading).”
You see, strategy was applied to war. Military leaders knew that in order to win a battle or a war, they had to create a strategy, not just throw men with weapons at the enemy.
The same applies to getting rich. You need to come up with your own strategy. That’s why reading books about getting rich, books that will educate you financially are so important. They will become your foundation, and from them, you will be able to develop your own strategy.
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