Essential No 1: You Need a Strong Internal Reason that motivates you.
Everything we do is driven by motivation and motivation comes from a strong reason. The strongest kind of reasons come from within. Internal reasons are more powerful motivator than external reasons. They can withstand anyhow, are more difficult to satisfy, and there carry a strong personal meaning to you. To achieve financial success, you need a strong reason that motivates you from within. The stronger your reason the bigger your motivation and the higher your chances of success.
Why is a strong Reason is Important?
A strong reason is important for two reasons. The first is that reasons come before financial success and the second is that life will test your resolve and conviction and only a strong reason will keep you going. The quality of reason that drives you will determine whether you succeed or fail. People who quit on the way have weak reasons, only those with strong reasons make it till the end.
Essential No 2: You Need a Millionaire Mindset
If you are not yet a multi-millionaire the chances are high that you need to renew your mindset to move to the next level. There is a particular type of mindset that is operating at your current level of success and this mindset is responsible for your present outcome. To move to a higher level you need to elevate your mindset to a new level. Millionaires have a certain kind of mindset that commands millions. The sooner you develop this kind of mindset the quicker you elevate yourself to success. The most important thing to note here is this-your Mindset is the most critical factor for speed on your journey to success.
Why is having a Millionaire Mindset important?
The Mind is where thoughts, beliefs, and ideas are generated. These three components are the raw materials you need to create wealth. If your thoughts beliefs and ideas are not matching the level of wealth you desire you will not achieve that level of wealth. If it matches you will. Your Mindset transformation always precedes your physical transformation. If your mind does not transform your finances will not transform. Your mind is the most critical powerhouse that you have. If you want to achieve financial success you must develop a millionaire mind. The good news you can develop this mind regardless of where you are and even when your life is not yet perfect.
Essential No 3: You Need to Focus on the Right Goals
As humans, we have many financial Goals contending for our limited resources. The only way to meet these goals is to prioritize them and rank them in order of importance. But how do you rank them? What goals come first and why?. And where should you focus on per time? Successful people separate their goals into two categories. The first is the Critical few goals that produce 80% results. The second is the trivial many goals that produce 20% results. Successful people have mastered the act of majoring in major goals and minoring in minor Goals. If you want to be successful you must do the same. You must spend your life pounding on your essential goals and delegating the rest.
Why is prioritizing Important for Success
It is important because you have limited resources and time. Your salary is fixed and growth is slow. You have only 30 years of active work life within the corporate world. And most importantly life itself is finite. All you have is time and resources that are running out. Thus the wise thing to do is prioritize the right goals and focus your limited resources on the right goals per time.
Essential No 4: You must Achieve Peak Productivity
The problem about life is this-You don't have all the time in the world. So you must accomplish your essential goals and live a meaningful life within the limited time given to you. The only way to achieve this is to make every minute count and remove idle time from your life. Increasing productivity is all about time management and time management is nonnegotiable for financial success. To use time effectively and experience a truly productive life you must have three things. The first is to give purpose and meaning to time. The second is to set goals that are important per time, and the third is to achieve these goals in the right order of priority.
Time itself carries little meaning. It derives its meaning from the productive work you attach to it. Productivity thus is the ability to give value and meaning to time. Meaningful time when invested in meaningful work creates wealth. Successful people have mastered the act of giving meaningful and purpose to time. Unsuccessful people in contrast waste and kill time because they allow time to derive its own meaning. They create more Idle and junk time than productive time. The secret to peak productivity is to give specific purpose and meaning to time and to invest time rather than watse it. The time invested must also be invested achieving success goals and not goals that leads to failure. This is the only way to achieve success within the limited time that you have.
Essential No 5: You Must Pay the price-
Every goal carries a Price tag. If it were not so all goals will already be achieved. And there are two types of Prices you can pay. The first is the Price for success and the second is the price for failure. Paying the price for success requires courage and the lack of courage is the reason why a few people are rich. Successful people face their fears and do what it takes morally speaking to achieve success. They pay the price on time so they can enjoy a better life later. unsuccessful people do the opposite. They delay the price because of fear. They look for shortcuts, bargains, and promos and waste time. Unfortunately, life does not offer any bargains. You must pay the full Price for success or pay the full price for failure.
Essential No 6: You Need to Save Big Portions-There is only one way to move from shaky financial foundation to stable grounds. This way is through savings. Savings is the key to financial freedom and the seed for tomorrow’s wealth. But not all savings can give you the kind of life that you desire. There are two kinds of savings, The first is the big portion savings and the second is the leftover savings. The big portion savings is the only type of savings that can truly transform your life. Leftover savings that encourages bigger spending will only give you an average life. Money spent is money lost only money saved preserves financial security. If you want to live an extraordinary life you must save a big portion of your income.
Essential No 7: You Need a Solid Investment Net-Worth – One of the ways to become a multi-millionaire is to build a solid Investment net-worth that is dependable. To do this you need savings and you need to put your savings inside a money growth vehicle. The only money growth vehicle that exists is the investment vehicle. Investment vehicles are financial vehicles that multiple the value of your savings. From this increased value you can build a solid investment net-worth. Having a strong Net-worth is thus not about earning income through returns alone. Any amount of income can be stollen lost or destroyed. Having a solid investment Networth is about having a strategic combination of difficult to lose investments, Liquid investments and solid investments that can fund a passive income lifestyle. It is about building a passive income system that does not require ongoing work to thrive. There is a special way to do this because all investment vehicles have two capacities. There can grow wealth but there can also destroy wealth. What determines what there do to your savings is how you are investing. Do you have an investment plan that leads to financial independence, peace of mind and a solid passive income?. If not you need to register for the free training program at the end of this Report. There is a way to invest that leads to solid financial security. This way will be shown to you in one of the training programs you can access at the end.
Essential No 8: You need to Remove Retirement from Your Income-There are two kinds of income in the world. The first is income that retires and the second is Lifetime income. The big problem is this- the corporate world is full of people with income that will soon expire. These people depend on one source of income that will end at the end of their career. If you desire success and a stable life, you must never allow your income to retire. While your Job can retire, your income must never retire. Income is a lifetime need of man and for as long as you live you will need income. If you do not make concrete plans to replace your retiring income, with a lifetime income you before your time in the corporate is over, you will become a burden in retirement. The key to success here is this- transfer your source of livelihood from a retiring active income to a lifetime passive income.
Essentials No 9: You need to become a wealth-creating Problem Solver: The room for problem solvers is never full. Employers are constantly looking for problem solvers to move their business to the next level. Solving problems is thus one of the key skills you must have if you want to be successful. The problem however is that not all problems solved leads to wealth. There are certain kinds of problem that command lasting wealth. To become successful you have to master the act of identifying these kinds of problems and solving them. Solving wealth creating problems will give you the power to remove the limit on your Income. Problem solvers set their own income and do work on their own terms. Anyone can become a problem solver regardless of whether you work as an employee or a business owner. Thankfully Problem solving is a learnable skill and the opportunity to learn this skill is open to you at the end of this report.
Essential No 10: You need to Help Other People: There is nothing as frustrating as being the only wealthy person amongst a bunch of poor people. Financial success is more fulfilling when you help other people along your way. But how can you help when your life is not yet perfect. There are two ways to help. The first is called financial help and the second is called transformational Help. Financial help is the most popular kind of help but it is also the least kind of help you can give another person. The most long-lasting and beneficial type of help you can give is transformational help. The ability to transform another person and better their lives. True help, helps the receiver gain independence, Autonomy and better their own lives. And you can offer this kind of help at two levels. The first is to become a Value connector. A value connector is someone that connects their friends, colleagues, and loved ones to people, products, or services that can provide value for them and help them. Second, you can become a Leader. A leader is someone who helps other people take the first few steps that they have taken to become who they are. Both levels of help can be done without money. All it requires is a good heart and the desire to genuinely want to see other people transform.
Essential No 11 : Become Good at Marketing- Marketing is a lifetime skill and without good marketing there will be no financial success. Marketing is simply the ability to exchange value for money. It is the ability to convince other people to pay you in exchange for your value. Without this essential skill all you have is value in a form that is not optimally usable for you. To optimize value you must exchange it with money and marketing is the only way to achieve this. When you are good at marketing everything you produce is easily converted into cash. When you are bad at marketing your warehouse is of value with no cash. Becoming a good marketer is all about solving other people's problem and helping them become the person they seek to be. Without this level of empathy marketing is hard. If financial success is your goal then becoming a good Marketer is a skill you must have. Thankfully you can become good at marketing through training and coaching.
Essentials No 12: Find a profitable business idea: Successful people know that the best way to get rich in any field is to find a profitable business idea and run with it. Not all business ideas are profitable. Profitable business ideas have the capacity to make you rich. But how do you find a profitable business idea? What do you do when you find one and how can you bring this idea to life? These and many more you will find out in one of the special training program offered at the end of this report. Finding a Profitable idea to run with is a learnable skill and a skill you need to be successful.
Essential No 13: Get Started in Business before you quit your Job - If you want to be rich and successful one of the proven paths to take is to start and grow your own business. But starting a business while working can be tricky and so you need a proven exit plan that works. This plan must be able to seamlessly trasfer your source of income from the corporate world to the business world. The key to success here is to Never go out of income. It is a mistake to go from earning something to earning nothing. No hungry man succeeds in business. Thus the only way to maintain focus and increase your chances of success is to make sure you take care of your bills and create a solid passive income before exit. And the exact way to do this is contained in one of the Free training program at the end. To succeed in business you must enter the business world with income security, confidence and Focus.
Essential No 14 : Get started in a Low-cost business- When you have more knowledge and experience than the average person and you want a low cost business to start with one of the best things to do is to start a consulting business. Consulting is all about helping other people take the steps you have taken to be where you are. And anyone can become a Consultant in their field of expertise. A consulting business is any business that is based on your knowledge and experience. It is a service based business that does not require huge capital or a big office. It can be done with no staff, no office, and no capital assets. It can also be structured in such a way that suits your lifestyle. The key to success in a consulting business is to be a person of value. It is to be discipline, confident, and passionate about sharing your knowledge and experience with other people. If you want a business path that can create massive wealth without all the headaches of Big Businesses, then consulting is the right path for you.
Essentials No 15: Develop an Unshakable Self Esteem- One of the ways to succeed in business is to develop an unshakable self esteem. Self esteem is critical for success because it is the currency for Confidence and confidence is the currency for wealth. The truth is the business world favors the confident, bold and courageous and shows no mercy to people with low self-esteem. Thus developing healthy self esteem is critical if you want to be successful. But what really is self-esteem? Self-esteem is simply having a healthy relationship with yourself and with other people. It is the ability to exude confidence and reflect self worth in your speech, body and language. People with high self esteem are magnetic to wealth and they enjoy massive favors than those who lack them. If you want to be successful in your career or business you must elevate your self-esteem from shy, inferior, or subservient to bold, engaging, and confident. You must become a credible peer to successful people and not a servant or subordinate. People that bring value to the table are welcomed as peers. Those that don't are used as servants.
Essential No 16: Build a Rich Network- No one ever achieves success all by themselves. Success is a collaborative effort thus building a rich network of people that can help you is critical. Building a rich network begins with Networking and networking is about exchanging value. It is about finding ways to make other people more successful while achieving personal success yourself. So the ability to find and meet people who can help you, or otherwise support you and for whom you can also help is critical. The best form of networking have a balanaced exchange of value. This means that you must first become a person of value and know how to extract value to succeed with networking.
Essential No 17 : You must Influence through speaking and writing- There are three things you need in business more than anything else to thrive. And all three can be provided through influential writing. First is new leads, or prospects. The second is paying customers or clients. And the Third is people or relationships that aligns with your message. Influential writing communicates your ideas, passion, and conviction to the world and make it easy for people who need you to find you. It is writing that builds desire, inspires the right action and makes you the easy choice for your customers. To build lasting financial success you must learn how to influence through writing. Influence through Writing is about selling your ideas, mission, products and services to other people.
You must also be able to influence through speaking. Influence through speaking is not about lecturing, motivating, entertaining or standing. Although these are all part of it. It is about speaking for the purpose of influencing a desired action. This action can be a sales action, a lead generation action, or a growth action. Simply put speaking to influence and writing to influence is about inspiring a desired action and helping your audience take this action. And there is a science behind this.
Essential No 18: Get Wealthy in Business- According to the Forbes 400 Rich list, 100% of the world's richest people are business owners. This means that the only way to become truly wealthy is by owning a business. But owning a business is not a guarantee for success. According to global research, about 70% of businesses fail in their first five years. These businesses are owned by people just like you. People who left their high pay jobs only to discover they were not prepared. The bottom line message is this, there is a way to build a business that can make you rich and you can learn this way by registering for one of the training programs in the Financial Transformation training program bundle.
These are the 18 essentials you need for success in the 21st Century.
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Grace Agada is the Senior Financial Happiness Expert and Founder of Create Solid Wealth and Secure Income.She is an Author and Column Contributor in Five National Newspapers.
Her Mission is to help corporate professionals and CEOs become more Financially successful through deliberate financial knowledge and investment decisions.
Grace started her Journey over 10 years ago from ground zero. She lost both parents before age 9 and grew up in seven different homes. Her passion for wealth was born during those early days.
Grace grew her wealth through hard-work, Mentorship, taking timely and decisive action and personal development.
She worked in the corporate world for seven short years before exiting to start her own business.
Today Grace is Living her dream life and helping others do the same.
Grace has been featured in BBC Africa. Business Day TV. Inspiration FM. Business Day, Punch, This Day, Vanguard, Leadership and Nigerian Tribune Newspapers . She is also an Author @ BellaNaija, Proshare and Nairametrics.
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Author: Grace Agada