A Magic Pill

by Krantcents · 24 comments

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Everyone wants a magic pill!  It is an easy answer for everything.  When you are sick, your doctor tells you to  take a pill and call him/her in the morning.  We are still looking for a pill to lose weight, stop smoking or grow hair.  Are you looking for a quick fix to solve your problems?  Look no further, you found it!  Here are my five (5) secrets to success!


Should you go to college?  Is debt or the expense of college stopping you from going to college?  There are great alternatives if you have the skills, talent and desire to enter these careers.  In Los Angeles, union electricians are looking for high school graduates to become journeyman electricians. Within 5 years, you can earn $65,000 as an electrician. You are paid while you are an apprentice and you do not accumulate debt.

Am I suggesting that everyone skip college and become a union electrician?  I am advocating education or training post secondary school because it is necessary to succeed.  No matter what you want to be, you need more training. Knowledge comes in a variety of ways.  Formal and informal training, experience and what you learn from your mistakes and successes.  What are you doing to accumulate skills to achieve success?


Formal or informal budgeting doesn’t matter!  A budget provides structure to reach your financial goals.  Can you reach goals without budgeting?  Can you change your diet without knowing what you eat.  My diet gurus suggest recording a diet diary.  It is a way of showing you in plain terms what and how much you eat everyday.  A budget puts you through the same process.  When develop a budget, you become aware of all your expenses.  You have to reduce or cut out expenses to reach your goal.  It is a great process to take control of your expenses.


Before you can invest, you need savings.  I saved money all my life.  Most of my working life (more than 40 years), I put it on automatic.  I set up a payroll deduction to either transfer money into my savings account at the credit union or to invest into the stock market.  At first, it was to just accumulate funds for annual expenses such as property taxes and insurance premiums.  Next came putting a down payment on my first rental property.  In the last thirty (30+) years, I dollar cost average into the stock market.  I watch my investments grow over time.  It was not always up, but I kept contributing and have a secure future.


I always had goals!  Things such as doing well in school, losing weight, making a sports team, learning something, traveling, first car or meeting a girl.  These were just a few of the things that come to mind when I think of goals.  Then I established financial goals.  I wanted to increase my earnings or gain the right experience for that next promotion.  Without goals, you will flounder or meander.  Lack of goals mean you have no focus or know where you are going. 


A plan is a road map to help you achieve your goals.  Without that road map, you do not know how to get there.  I also see a plan as a way to monitor your progress.  In order for a plan to be effective, you should monitor it weekly and monthly.  A plan is also a way of providing discipline or structure for your goal.  Every goal requires a plan because a goal without a plan is just a wish!  Plans help us prepare for problems and how to achieve success.  Most worthwhile goals are years away such as retirement or buying a home.  You want a plan to hold you accountable for your goals.

Final Thoughts

These are my five (5) secrets to success.  Are there more things you can do to succeed in life?  Absolutely, you can do a lot of things, but I boiled them down to the most significant ones to show you the way.   What are you going to do?  Previously, I wrote about fifty (50) traits of successful and unsuccessful people and other articles on success.  My journey to success is one example of how I achieved success.  This is my magic pill.

Photo by:  Civilian Scrabble

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