What are the steps to becoming rich?
September 5, 2008
Step 1: Dream. Dream Big.
Step 2: Set a goal. Make it specific, meaningful, and measurable. For example, “I’m going to be worth $1,000,000 in 10 years.”
Step 3: Educate yourself. Read. Read books. Read articles. Read about wealth generation. Test ideas out. Talk to knowledgeable people.
Step 4: Plot a course. You know what your end goal is, and you’ve educated yourself about different methods and philosophies of wealth generation, now choose the path that will lead you to your goal.
Step 5: Break the course that you’ve plotted into mini-goals. Set yearly, monthly, weekly, and daily goals. You now have a daily to-do list.
Step 6: Take ACTION. Follow through, and make sure you set up mini-rewards along the way, so you will stay motivated. Too many people spend all of their time planning and never take action. Don’t be afraid. I’m going to let you in on a secret. You will make mistakes. Your plan will not go exactly as you thought. You will have to adjust and make changes, but if you never start the journey, if you never take one step forward, then you will forever be at the starting line.
Next: What is strategy and why do I need one?
(Modified diagram from P. 40 of Why We Want You to be Rich by Donald Trump and Robert Kiyosaki)
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