By defining what
you mean by wealth, you now have a destination. Setting your objectives is
establishing a timetable to reach that destination. It’s quite simple. If you
know you are going to drive to a certain place it makes sense to know the
following:
you mean by wealth, you now have a destination. Setting your objectives is
establishing a timetable to reach that destination. It’s quite simple. If you
know you are going to drive to a certain place it makes sense to know the
following:
•What time you
are leaving home
are leaving home
•What time you
expect to arrive
expect to arrive
•What route you
are going to take
are going to take
•What you will
be doing when you get there.
be doing when you get there.
Getting rich is
exactly the same. You will want to know in advance what rich means to you, how
you intend getting there, how long you expect it to take and what you are going
to be able to do or want to do with your money when you get it.
exactly the same. You will want to know in advance what rich means to you, how
you intend getting there, how long you expect it to take and what you are going
to be able to do or want to do with your money when you get it.
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So, having defined
what wealth means to you, can you now see the importance of setting your
objective? Think about how you intend getting rich and how long it is going to
take you and then set your objective. It might be simple: ‘I am going to
be a millionaire by my fortieth birthday and I shall make my money by running
my own property development company.’
what wealth means to you, can you now see the importance of setting your
objective? Think about how you intend getting rich and how long it is going to
take you and then set your objective. It might be simple: ‘I am going to
be a millionaire by my fortieth birthday and I shall make my money by running
my own property development company.’
“I want to be very, very rich and/or famous and/or
successful. But few people – only the rich, famous and successful ones in my
observation – actually decide what and when and how”.
That was easy.
Well it was for me because I’m only making up an example for you. For you I
wager it’s going to be pretty hard. This is because you won’t have thought
about this before. Oh, I dare say you might have had a casual dream – I want to
be very, very rich and/or famous and/or successful. But few people – only the
rich, famous and successful ones in my observation – actually decide what and
when and how. You have to if you too want to be wealthy. And I assume you do or
you wouldn’t be reading this far. Good for you.
Well it was for me because I’m only making up an example for you. For you I
wager it’s going to be pretty hard. This is because you won’t have thought
about this before. Oh, I dare say you might have had a casual dream – I want to
be very, very rich and/or famous and/or successful. But few people – only the
rich, famous and successful ones in my observation – actually decide what and
when and how. You have to if you too want to be wealthy. And I assume you do or
you wouldn’t be reading this far. Good for you.
Now set your
objective. I can wait!
objective. I can wait!
Back already?
How did you get on? Your objective has to be realistic, honest and achievable.
By realistic I mean that setting an objective of being the richest person in
the world might happen but it isn’t going to, it isn’t realistic.
How did you get on? Your objective has to be realistic, honest and achievable.
By realistic I mean that setting an objective of being the richest person in
the world might happen but it isn’t going to, it isn’t realistic.
Honest means you
have to be true to yourself and set an objective that you can live with and
work with. Lying to yourself means it will fail. Lying to others means it will
fail.
have to be true to yourself and set an objective that you can live with and
work with. Lying to yourself means it will fail. Lying to others means it will
fail.
Achievable? Yes
that too. If you know nothing about property and aren’t interested in learning,
have no capital and can’t get a mortgage, then setting an objective to be a
property developer isn’t realistic, honest or achievable.
that too. If you know nothing about property and aren’t interested in learning,
have no capital and can’t get a mortgage, then setting an objective to be a
property developer isn’t realistic, honest or achievable.
Happy with what you’ve got? Good. If not have
another bash at it and let’s get a move on, we want to get you up and running
as soon as possible.
another bash at it and let’s get a move on, we want to get you up and running
as soon as possible.
From The Book; The Rules of Wealth by
Richard Templar
Richard Templar
(Read Rule 4
of Rule of Wealth tomorrow on Asabeafrika)
of Rule of Wealth tomorrow on Asabeafrika)
Read-to-Wealth Series
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