5 Important Steps To Help You Achieve The Success & Wealth You Want

A lot of people dream of having wealth and success, yet it is only a few who can take this 'dream' further and actually work towards achieving the success and wealth they desire in their lives.

For you to be wealthy, you need to be ready, willing and able to work hard for it.
So what are the 5 steps to follow in order to get what you want?

1. You must know exactly what you want.
How can you achieve something if you do not know exactly what it is you want to achieve? It is important for you to know precisely the level of success and wealth you want. Your goals must also be 'smart' goals (specific, measurable, achievable, realistic and timed). Wanting to achieve some level of success and wealth is a natural human being's instinct - but you will need to specify the goals and targets you want to achieve. Write down your goals and priorities; and specify all the actions that you will need to take in order to achieve these goals.

2. You must want it badly enough.
If you really want something, you will get it. If you fail to get it, then you do not want it badly enough. If you really want to achieve some level of success and wealth in your life, then nothing can stop you from achieving that. You must have strong desire and commitment to work towards achieving that which you want; and any setbacks and challenges you will face will not hinder you from ultimately getting what you want.
You will need to be very optimistic, focus on 'potential' and not 'problems'. Try to visualize the best possible outcome and benefits of what you want to achieve; and let this keep you motivated and energized while you work towards your success and wealth goals.

3. You must believe that you are going to get it.
Your mind and attitude are your greatest assets which can help you achieve the success and wealth you desire. Your thoughts influence what you can achieve in your life, so you must have positive thoughts and attitude. It is very important that you make the future happen in your thoughts; and this will guide you towards the success and wealth you want. It is equally important that you stop any counterproductive habits that interfere with your efforts.

4. You must be persistent and focused
Persistence is one of the very important traits that you will need to achieve your goals of being wealthy and successful. A lot of people give up their success and wealth dreams simply because they are not persistent. When you face any hurdles, find solutions for them. If you experience a setback, get yourself up and keep on working towards your goal. By diligently working towards your goals everyday, you will get the level of success and wealth you want.

5. You must be dedicated to work hard
Success and wealth can be easily achieved by those who are prepared to invest the necessary dedication and effort. Without your dedicated effort, then you will not achieve your goals.

After you have decided on the goals you want to achieve, you need to follow through with some action. Implement the plan which will help you achieve your success and wealth goals, review your progress, overcome any obstacles that come in your way, and be committed to working hard. Celebrate every victory you achieve, enjoy your achievements and continue to work towards the success and wealth you want.

If you want success and wealth in your life, set your goals, work hard towards achieving the goals, be persistent and most importantly, believe that you will get it!

Foundations Of Wealth Creation!

When I see a tall building, I always wonder how a building can be that tall without falling over. By chance, I manage to read about the construction of a tall building and realize that the foundation of any tall building is carefully designed to support it. A lot of efforts and works are done at building the foundation.

Once a strong foundation is built, the construction of each story seemed to be rather easy. If I equate a tall building as great wealth, then this is like seeing the rich people keep getting richer faster! This is because they have a good foundation to create their wealth just like a tall building has a strong foundation to build more storeys.

What are the foundations of wealth creation? After reading a few books on wealth creation including the Rich Dad's series by Robert Kiyosaki and attending a few seminars on wealth creation, I have identified a few foundations for wealth creation based on my understanding.

Firstly, I need to have a physical health so that I have the physical energy to work hard. Imagine if I am always sick, I will never be able to concentrate on my work. Progress will be always hindered by my poor physical health.

I will need to exercise regularly to keep my body fit and healthy. Lack of exercise will cause my body to have poor immunity to diseases. I will need to watch what I eat and drink so that I can remain healthy. Eating junk foods and drinking liquors excessively harm my physical body. Also, I will need to rest enough to ensure that I have ample energy to work on my plans. Lack of sleep will cause me to be forgetful and make mistakes in my plans to gain financial freedom.

Secondly, there is a need for me to have good mental health so that I can concentrate on my plans to achieve financial freedom. If I do not have good mental health, I will lose focus easily and get distracted by other things.

I will need to practice concentration meditation regularly to keep my mind fit and sharp. Lack of concentration exercise means I will not be able to focus on my plans totally and thus prone to making careless mistakes.

Making genuine mistake is good but making careless mistake is bad. Careless mistakes are mistakes that I have already learned and become aware of. Thus, there is nothing much I can learn from these careless mistakes that will accelerate my path to financial freedom.

If I have made a genuine mistake, then I will be able to learn something from this mistake. The purpose of learning from mistake is so that I will not repeat them again as highlighted in the Rich Dad's series by Robert Kiyosaki. If I keep repeating the mistakes, then it defeat the purpose of learning from mistakes.

Thirdly, there is a requirement for good emotional health so that I will not get emotional over my decisions. I need to practice insight meditation to understand how my mind works. By understanding how my emotions arise and fall in my mind, then I will be able to manage my emotions better. If I can manage my emotions properly, then I will be able to make decisions based more on logic than emotions.

For example, if I cannot manage the fear of failures, then I will not be able to make the decision to master any skills that are essential for wealth creation. This is because failures are part and parcel of the learning process. If I can manage such a fear, then I will be able to master any skills quickly.

Next, I need to have a good spiritual health. That can be achieved by doing good deeds to help the needy around me. It may not just be money that they required. Learn to give love and care, time to listen to them and so on. This will help me to build a peaceful mind. If I have a peaceful mind, then I will be able to perform better in whatever I am trying to achieve.

Just like a tall building needs different layers of foundation. I feel that there are different layers of foundation required for wealth creation. What I have described above is just the first layer of foundation. Without a good physical, mental, emotional and spiritual health, there is no way I can face and manage the challenges in life well so that I can succeed in life.

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The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.

Put Power In Your Passive Income Strategy

When I start talking to people about building a passive income business by following the teachings of financial freedom guru Robert Kiyosaki, I immediately hear about people's plans for buying real estate.

Anyone who has read the book Rich Dad, Poor Dad thinks that Robert Kiyosaki is all about investing real estate and buying rental or commercial property in order to achieve the financial freedom of their dreams. So, they instantly start putting all their money into real estate.

Reality check: That's not book's message. I try to listen patiently (after all I also believe that real estate can be a great investment vehicle), but the reality is you need a solid plan to achieve financial freedom, not a one off strategy.

Authors Robert Allen, Robert Kiyosaki, David Bach, and many, many talk about building multiple streams of passive income, that means having more than one investment vehicle, and making sure all those vehicles deliver passive income.

For beginners: passive income is income that comes in day in day out without you having to work to get it. Put simply, you are not trading hours for dollars. A true passive income business is one that if you were to leave it alone for a period of time, such as a year, you could return and find it more profitable (or at least generating the same level of income) as before you left. Passive income investments are the true path to financial freedom.

So what is the principle that Rich Dad truly talks about. He calls it the Power Investing Principle.

1 - Start a part-time business for the cashflow & tax advantages.
2 - When the market is right invest in real estate. (Now is not the time.)
3 - Invest your excess cash from the real estate in paper assets.

Unfortunately, a lot of people jump into step 2, real estate, without a lot of background knowledge about how to make that investment a lucrative one.

Here's a clue, the property needs to generate passive income (that means it should be putting money into your pocket not taking money out). Capital gains (betting on an increase in value) should be a bonus not your sole reason for buying.

One of the first steps in building a solid passive income plan is to identify how you plan to generate passive income. The plan should include a number of sources including businesses, real estate and paper assets. The reason for this is to create a stable platform on which to build financial freedom you need all the elements.

Now, lets go back to the power investing formula and look at number 1: Build a business. Why do you want to build a business first? Simple: businesses provide the financial backing (cashflow) to support real estate investing. Makes sense right?

While there are only three steps in the power investing principle, you need to take the time to understand the systems behind each one. For example, master the business building system then move on to the system for residential real estate investing.

Taking it step by step will lead to prosperity and reduce your risks along the way.