Skip to main content

Series: Habits of the Wealthy and how I implement them into my Life (3)

Habits of the Wealthy and how I implement them into my Life (3)

Change isn’t easy, and learning new habits isn’t something that is done overnight. Much like any other habit, it requires passion, persistence and determination. One of the habits of the wealthy is about goals.

Goals are dreams or wishes that we want, but they are realized and written down. Goals are defined as the object of a person’s ambition or effort; an aim or desired result, according to dictionary.com. Wealthy people tend to write down their goals, and focus on the process, even if it is extreme or seemingly unattainable. In fact, Grant Cardone, author of The 10x Rule, says that goals need to be big, ten times the size as one that you think you could attain.
 
Nitty gritties:

80% of wealthy people focus on achieving a single goal, compared to only 12% of poor people. (Thomas Corley)

This is not to say you should only have one goal. You can have many – in fact, write down as many as you can think of, because the purpose of doing this is to reach your goal, so you will need another and another to aim for as time goes on. What this does mean is that wealthy people keep their goal in their mind at all times, and use situations throughout the day as inspiration on how to attain that goal.  Keeping your mind open to possibilities might mean goal #2 is actually part of #4, and a subsection of #1… see? That list might be handy after all.

Part of writing down your goals is ensuring you are using specifics. “I want to be wealthy” is not the same as “I want to invest $100,000 over the next two years, and I want to fund this project by opening a side hustle where I offer pies and pastries to churches.” Just an example, but you get the idea.

The wealthy are deliberate, dedicated goal-setters. Corley states that 62% of rich folks focus on their goals every day, as opposed to 6% of poor people – and 67% of the wealthy put those goals in writing.

(Side note: you have a to-do list, right? Go write down a reminder to write your goals out. Now.)

5 Daily Habits of Highly Successful People report that 70% of the wealthy pursue at least one major goal (see? You can have more than one). Only 3% of the non-wealthy do this.   

How I implement this into my life:

I shared a number of them with you earlier in the year.

Money is my biggest focus this year: I want to pay off all credit cards. Step two is starting investing for the future, and paying down my car loan. I have a book to finish editing on how to build sales for direct sales representatives, and I want to work on my goals planner for 2019 release. I have some work I plan to focus on for the blog, and I want to build some passive income streams. I also want to read more, both for pleasure and for self-improvement.

By the end of 2018, I want to have 5,000 Twitter followers, and I want to hit 75,000 views on this blog. I want to start helping people, and interacting with people more. (How to achieve this? I am working on starting a small group of bloggers who are just starting out so we can learn off each other. If you fit the bill, let me know.)

This habit is more about you, and less about how to fit it into your life. Once you have chosen a goal or two to focus on, we can break it down into steps to help you achieve it. Share your goals with me, and let’s talk about them!  Don’t stop at just writing them down; let’s make it the year it happens for you.


-->

Comments

Popular posts from this blog

MYLO REVIEW: SAVING YOUR PENNIES JUST GOT EASIER

MYLO: SAVING YOUR PENNIES JUST GOT EASIER!
Canadians, rejoice!
The time has come! We finally have an app that does what the coveted Acornsapp does for the people south of us. It’s called Mylo.
Mylo is a Montreal-based FinTech startup that has created the only app for Canadians that mimics the old-fashioned change jar….with a twist.
From their own words: "Mylo is a mobile platform that automatically rounds up every purchase that users make and invests the spare change. Then, once plugged in, Mylo uses its proprietary user transactional data and artificial intelligence to provide personalized insights and recommendations so that users can make better financial decisions. Mylo helps optimize users’ insurance coverage, reduce interest payments, maximize travel points and more." USE CODE BENDNEVERBREAK TO GET $5.00 FREE WHEN YOU TRY MYLO TODAY  NO MINIMUM DEPOSIT TO START  What does that mean and how does it work?
It’s actually pretty simple. If you head to the app store on your phone,…

7 Questions about R.E. Investing from New Investors

7 Questions new investors forget to ask about Investment Properties (Ontario, Canada)

Real Estate investing is a great idea. Start with a small investment, get a mortgage, and buy a property with plans of building equity from someone else’s money. It seems relatively easy - collect money from tenants, and fix the odd thing here and there.
That’s not the whole picture, though few people find this out before they are waist-deep in the trenches. Here are 7 questions from investors looking to enter the rental game:
**Readers: I am not a lawyer or a registered professional. I write from experience only, and will always recommend that you speak to a professional or expert. **



1.I’m a first-time home buyer, and I want to buy a property to rent out. Since I am a first-timer, I don’t have to pay land transfer tax, right?
Not exactly. If you are a first-time home buyer, the Ontario government does offer a rebate of up to $4,000.00* on land transfer tax, depending on a few factors. One such factor is…

Vacation Tales #2: More Nostril Flaring Fun!

Part Two of Vacation Tales:
Oh yes, my darling senior dog had indeed marked my bag. He did the same thing one year ago, just prior to our departure, and managed to sneak it by me until I was at the airport and noticed something funky-smelling… anyways, I digress. We caught it early enough that it was cleanable, and off we go.
It’s a short drive to the airport; about an hour or so. We left the house at 2:30 am, and arrived at the location where we park our car for the week. We had a lovely surprise that our coupon from booking with Sunwing afforded us a low rate of parking for the week (only $60, win!) and they shuttled us to the airport in a prompt manner.
We checked in, and all was well. In due course, we were on the plane, and headed to paradise.
So we thought.
Let’s take a quick tally of the flight: *Plane running a few minutes behind? Check. *Full flight? Check. *Baby on board who cries for take off? Check. *Belligerent man sitting behind us who was louder than a demanding child? C…