Every successful person, whether in sports or business, has certain crochets (liking) that they used to succeed. I want to give you an illustration. In sports, there are three types of levels in football: the player, the divisional winner, and the Super Bowl champion. There is a big gap between a player and a divisional winner. But, there is an even more significant gap between a divisional winner and a champion. What is the difference? Discipline.
Champions are willing to do what others will not. They are the first to show up to practice and the last to leave. They study the playbook many times and watch the films of their opponent. They go the extra five miles to win.
Successful people use similar habits to make money at the office or home. They study how money works, while others work for money. They will pay the price of attending a $1,000+ seminar, while others complain. And to an entrepreneur, success is a never-ending journey.
1. Buy Assets. The rule of thumb to determine what an asset "is" and "is not" is simple: if it generates money, it is an asset. Many people spend their money on liabilities such as cars, clothes, trips, cell phones, pagers, and more, while the top five percent invest in assets.
2. Value Time. Have you ever heard the phrase time is money? In all truth, that is correct. You will repeat yesterday's failure if you do not set your schedule up for success. Here are some tools that will help you. Plan your day the night before. Be as detailed as possible with your pre-success planning. I used my phone to set up, and it reminded me of my schedule.
3. Have a Mentor. No one achieves greatness by themselves. A wise business person will search for a teacher or someone to provide the steps to success. Ask friends, relatives, or coworkers until you develop a list of 15 -20 successful business mentor candidates. After you have chosen the one you feel most comfortable with, take them out to lunch and ask for their advice (Note: it would be wise to take notes, but ask for permission first).
These are just a few habits to consider concerning your financial practices. Would you like to know more?
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