Follow Me to Wealth!

by Krantcents · 35 comments

Post image for Follow Me to Wealth!

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.

Goals

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

Please make sure to subscribe to our RSS feed to get the latest updates!

{ 34 comments }