Follow Me to Wealth!

by Krantcents · 35 comments

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Who do you follow?  Is it the Jones?  Who is your role model?  A role model is a person who serves as a model in a particular behavioral or social role for another person to emulate.  I hope you have role models you can follow.  It may be your parents, relatives, teachers or someone you admire.  Don’t confuse celebrities or professional athletes as role models.   Choose your role models carefully!

Celebrities are Role Models?

The list of discredited celebrities and professional athletes is long!  Let’s face it, you do not know them.  There are legions of people whose job is to create an image for celebrities and professional athletes.  There are pictures, stories and magazine articles taken, written and published all by professionals to create a positive image.  Do you really think you know this person through what is published?  Who is most at risk?  It is preteens, teens and young adults when their self esteem and self image is most vulnerable.

Am I Role Model?

Why follow me?  You don’t know me and I am not famous!   I did what you all say you want to do!  I worked hard, saved, invested and succeeded.  Yes, I achieved financial freedom at an early (38 years old) age, retired and started businesses.  I cashed out about twenty-two (22) years ago and worked at careers that I enjoyed over the years. For the last twelve (12) years, I have been a teacher where I can influence young people lives.  I developed a personal finance class and career class to help my students be more successful.


Although my accomplishments are admirable, I may not be a role model for you.  I am no Steve Jobs or Donald Trump, but I am pretty good at achieving goals.  There has been a lot written about goals and goal setting.  Setting goals is not easy and achieving goals is a mystery for way too many people.  I often suggested using SMART goals as a method for goal setting.  This can be similar to just making a list!  A list of what you want to get done is a good start, but it does not guarantee it will get done.

The Business Approach

Okay, you created your goal!  It should be Specific, Measurable, Attainable, Realistic and Timely.  Just setting a goal is not enough!  You need an action plan to make you goals happen.  When I put together my goals a long time (37 year ago) ago, I took my goal and broke it down into daily tasks.  Just setting a goal is not enough, particularly if it is a long (more than one year) term goal.  Typically, you put together a five (5) or ten (10) year plan In business and then you create annual goals to help you reach your goal.  Then you monitor your goals monthly to make sure you are on target.

My Approach

In my personal life, I do not have a staff or peers who are responsible for these details.  It is all me, myself and I who has to set, monitor and execute the action plan to achieve these goals.  So I decided to break down my goals into daily tasks and weekly milestones to make sure I will reach my goals.  The trick is monitoring your efforts!  It is tedious detail work, but the payoff is huge!  Do you need motivation to achieve goals or does the goal motivate you?  Monitoring is only part of it!

Every week you adjust your efforts to reach your milestones and measure your results. If you hit your target, you keep working your plan.  If you don’t, you adjust your efforts to achieve your weekly milestone.  Let’s face, it is hard to achieve goals and when they are multi-year goals, it is even harder!  Staying motivated and focused is not easy!  As you accomplish your daily tasks, you are getting closer to your goals.  Success is the accomplishment of one’s goals.  Every week you have an opportunity to achieve success!  Success motivates success!

How did I get started?  I had some savings and I was looking to invest it in income property.  My plan was to build a real estate portfolio for retirement.  I expected it to grow and generate enough income to reach financial freedom in roughly ten (10) years.  I built it into a business and I reached my goal ahead of schedule.   Does this make me a role model?  No, but you can follow my approach and reach your goals.   If it were really that simple, everyone would do it!  But wait, you can do it!  You just have to want it badly enough to stick with the process to the daily tasks and adjusting your effort to reach milestones.

Final Thoughts

Setting a goal is everything!  So take the time to meet the SMART goal requirements.  Then break it down into daily tasks and monitor your efforts.  If you complete your daily tasks, you are on your way to success.  This process takes big goals and makes it possible to accomplish your big goals that seemed impossible.   What do you think?  Is it worth your while to follow me?


Poto by: UggBoy/UggGirl

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My Financial Independence Journey March 26, 2013 at 2:24 am

I’m a big fan of using SMART style goals. Every year, I break down my budget and try to think about how much I can save for investing. I also have stretch goals to see if I can pull a little bit extra out of my spending.

I also use SMART style goals for my investments.

Achieving financial independence will not be instantaneous. But I think I can get there reasonably quickly with aggressive, but achievable goals.

Krantcents March 26, 2013 at 7:36 am

When I put together my plan for financial independence, I knew it would take a number of years to achieve it. The key is taking that big goal and breaking it down into daily/weekly/monthly tasks to achieve milestones. It took me about 7 years to achieve my goals.

Money Beagle March 26, 2013 at 4:51 am

I think you could write a great book that would teach a lot of people a lot of things that you’ve learned and applied over the years to get you to where you are today. Have you ever considered your next phase to be an author?

Krantcents March 26, 2013 at 7:43 am

I not only thought about it, I wrote the first chapter! That was a very (20 years) long time ago. It was the hardest thing I ever did and decided not to pursue it. Writing is the easier part, next you need to have someone publish it. Of course, I could self publish. Stay tuned, I am working on something else.

Mrs. Pop @ Planting Our Pennies March 26, 2013 at 5:02 am

I think your path is definitely one that Mr. PoP and I aspire to, and we’re working hard to get there.

Krantcents March 26, 2013 at 7:54 am

There are multiple paths to goals and financial independence. My approach is to doggedly work on daily tasks and measure my progress. Good luck.

cash rebel March 26, 2013 at 5:12 am

Too often I put my full faith in a role model, even if I do know them personally, and when they falter ethically, I tend to have a tough time dealing with it. I’ve now got a thicker role model skin. I admire peoples good traits while understanding that everyone is fallible.

Krantcents March 26, 2013 at 8:01 am

When I was young, I looked to my parents as role models although they were flawed. They worked too hard and did not have time for me. I admired their ability to accomplish a great deal despite some fairly large hurdles. Besides my parents, John Wooden (former UCLA basketball coach) is the only role other model for me. He lived his life based on great values and along the way influenced a lot of people. He is also the all time best college basketball coach. He happen to live in my mother’s building after he retired. I met him and saw him fairly often over the years.

Holly@ClubThrifty March 26, 2013 at 6:00 am

I’ll follow you =) You’ve obviously made some good choices and become very successful. Why not?

Krantcents March 26, 2013 at 8:09 am

Thanks! I am not finished and the internet has made it so much more interesting.

John S @ Frugal Rules March 26, 2013 at 7:09 am

I’ll follow you. 🙂 I love SMART goals and think they’re a great way to put meat on the bones of your plans.

Krantcents March 26, 2013 at 8:14 am

Thanks, I start with a long range goal and develop goals that are part of the long range plan.

Grayson @ Debt RoundUp March 26, 2013 at 11:42 am

I am in. I think you have a great story, but didn’t use anything that isn’t available to everyone. You just buckled down and did it. That is what we need in our society.

Krantcents March 26, 2013 at 1:13 pm

Thanks, I was willing to take risks and had the discipline to save and invest. The rest was a reward for taking the risks. My secret is really determination, but I bet you would hear many of the same things from other successful entrepreneurs!

Alice @ RLD Investments March 26, 2013 at 2:06 pm

I’m also a big fan of using SMART goals, whatever it takes to accomplish your goals. I think your idea about identifying and learning from role models is very important. Role models are absolutely necessary to achieving success. If we don’t know success looks like, how can we emulate it?

Krantcents March 26, 2013 at 2:26 pm

Successful role models are missing for children in poverty. As a teacher, I realize I may be the child’s only positive role model. It is one of the reasons I decided to teach as a “second” career.

Justin@TheFrugalPath March 26, 2013 at 7:28 pm

I try to do whats best for me. It can be hard at times to keep the Jonses at bay.
I’ve never really heard of the smart approach to goals and my try to use it in the future. I’ve been working hard to achieve measurable goals recently and this would be a great system to use to help me to attain them.

Krantcents March 26, 2013 at 8:32 pm

SMART goals is an approach to better define your goals so you can achieve them.

Pauline March 26, 2013 at 8:03 pm

You are where I hope to be in 20 years. It is always interesting to follow people who have more experience and are ahead of you to see how they managed to get there.

Krantcents March 26, 2013 at 8:35 pm

20 years is a long time! I started reading biographies of famous people when I was very young to learn their secret of success. I still read a great deal and will read a biographies or articles about successful people. My last book was Steve Jobs!

Tony@WeOnlyDoThisOnce March 26, 2013 at 8:23 pm

Beautifully put, and kudos for pursuing areas you have enjoyed. Great post!

Krantcents March 26, 2013 at 8:36 pm

Thanks, I think it is one of the most important perks of financial freedom. Rich people have more choices than other people!

The Happy Homeowner March 27, 2013 at 8:06 am

You’re absolutely a role model for me! And I’m all about the SMART goals–I’m careful to make sure those attributes are encompassed in any goal I set, whether it be monthly or annual goals…

Krantcents March 27, 2013 at 9:21 am

Thank you, next you need to form longer range (more than 1 year) goals. The shorter range (1 year or less) should be part of the longer range goals.

Alan@escapingmydebt March 27, 2013 at 9:37 am

Great article. I think the one main thing is for people to stop mimicking what they see on tv or in real life and just create a plan that works for you to reach the goals you set.

Krantcents March 27, 2013 at 10:33 am

Thanks, your statement reminds me that “you” can be your best role model if you live by a set of values that are good for you. Too often, outside influences affect all of us. Everything depends on your values.

Jim March 27, 2013 at 7:30 pm

Writing down my goals is something that I have never done. I have always known this is the way to attain them, but to be honest I fly by the seat of my pants. I hate that about myself, I need to be more regimented. Maybe by following you, I will get there, so I am in!

Krantcents March 28, 2013 at 7:25 am

Thanks, writing down your goals make them more real! You also keep them in front of you and it keeps you on track.

Andrew @ She Thinks I'm Cheap March 30, 2013 at 10:33 am

I think roles models are important but I wouldn’t tie myself to one or two. I could probably name a dozen people who have qualities that I admire and could learn from.

The idea of using celebrities or other public figures isn’t appealing to me. All we know about these people is what’s available in the media, they don’t tell you about the person. Even biographies, unless they are extremely detailed and unbiased, tend to portray people in the best light possible.

Krantcents March 30, 2013 at 1:00 pm

Celebrities in many ways are PR creations. Very few are genuine enough to have values I care to follow. As I get older, I think I developed my own set of values that keep me in good stead.

Kim@Eyesonthedollar March 30, 2013 at 10:43 am

I wish I’d been reading this blog when I was aspiring to be a Jones. I think you make a much better role model.

Krantcents March 30, 2013 at 1:02 pm

Thanks, my goal is to influence as many people as I can.

Ron @ Stock Spinoffs April 8, 2013 at 5:30 pm

I also use the SMART method for goals. Goals that aren’t specific, measurable, etc.. aren’t worth setting in all likelihood.

Krantcents April 9, 2013 at 7:11 am

Smart goals help you achieve your goals. The more specific, measurable etc you can make them the more likely you will achieve them.

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