Learn Wealth Creation

The first post of 2009 for Learn Wealth Creation, so let’s get off to a flying start. We have a whole 12 months ahead of us, so why don’t we set a goal of achieving financial freedom by the end of the year? Think you can’t do it, then you are right, think you can do it, then you are also right too!

First you have to work out what Financial Freedom means to you, as we all have different meanings of the word. What people mainly describe when they say it, is having enough money coming from their investments to pay all their living expenses and current loan repayments, without the need to earn any other income from a job. The amount of money does not necessarily mean you can increase your investment commitments, although by having the time now on your hands, it is a pretty safe bet that you can begin to create even more wealth, without getting bogged down in the rat race.

Knowing what financial freedom means, we can now put a goal in place to achieve this within 12 months. By not writing down this goal, we are already in trouble, as we are telling our subconscious that we don’t think we can achieve it so why bother writing it down. Make 2009 the year that you overhaul your mindset too. Here is a link to the goal planning sheet that I actually use myself, to help me hit my own goals and targets.

Too often we have a financial goal or objective, yet get overwhelmed with how to actually achieve it. Right now that is not that important as writing the goal down. The brain will provide the how in a short while.

You have 12 great months ahead of you, and you have to work out just how much you want to have financial freedom by the end of it. Are you prepared to make some small sacrifices in order to have a financially rewarding life? Work out what is more important to you and go and hit those goals.

Happy New Year!

Write Your Goals Down

In today’s post, we will look at the effectiveness of writing goals, and how setting and achieving them can take you quicker than you thought possible towards your financial targets.

There is a saying that the difference between a millionaire and a billionaire, is that the billionaire will read their goals twice a day, instead of once. This is not far from the truth, and those who do take daily action will see bigger and better results.

A famous study was done at the Harvard Business School, in the 1979 MBA Program. In the study, students were asked, “Have you set clear, written goals for your future and made plans to accomplish them?” Only 3% of the graduates had written goals and plans, 13% had goals, although they were not in writing, and a massive 84% had no specific goals at all.

Some ten years later, the members of the class were re-interviewed, and the results were mind blowing. The 13% of the class whom had goals were earning on average, twice as much as the 84% who had no goals at all. As for the 3% who had written goals, well they were earning on average, ten times as much as the other 97% put together.

This is clear and documented evidence, of the importance of writing down goals and I hope that you realise the impact that goal setting in writing will have on your life. As a gesture of good will, today I want to give you something that will change your life if you just take the small amount of action required to do so.

Here is a goal planning sheet, and it covers everything I think that is involved in hitting your target. Fill it in, and twice a day, read and believe your goals. Expect your goals to be achieved, even if you are unsure of the ‘how’, and miracles will begin to happen before your eyes.

Setting Financial Goals

In order to become financially successful, we must actively set SMART goals, and then get out there and achieve those goals. A SMART goal, is one that is specific, measurable, attainable, realistic, and tangible. The best way you can reach your financial goals, is to write them down on a goal planning sheet and then read your goal at least once per day.

Financial goals are important if we wish to be wealthy. It is easy to say that you wish to be rich, or wealthy, although if you do not put a dollar value on your goal, then you will never be rich. If you want $100,000 by a certain date, then write that figure down. The methods of making that money will then come to you in your creative subconscious.

You can have many financial goals, and for many reasons. Something that I have learnt and many wealthy people whom I respect have shared with me, is that your goals to create wealth should not just be for the sake of having money. Instead, it is what the money can do for your life, and the positive experiences that it can bring you and other people.

When you create wealth through ethical means, many people and businesses benefit. Jobs are created and money filters through to all. That is also why it is so important to become wealthy, so you can add to the advancement of the human race.

Put your goals somewhere that is easily seen, and read them at least once per day. Some people say the difference between a millionaire and a billionaire, is that a billionaire will read their goals twice a day.