1. Find a purpose
The destination only matters if there is a meaningful purpose in life. Knowing your life’s purpose will help you define your life goals, including your financial targets, so it all falls into place.
“Pursue your dreams. You will be amazed about what you can achieve.” ~ Lailah Gifty Akita
2. Negotiate income
Salaried employees should negotiate income, either direct in terms of pay and bonuses or indirect, such as time off and flexibility to work from home.
This time negotiated with a current or future employer can save hours of hard, thankless labour.
Freelancers and those who are self-employed must know their worth. Do not let suppliers or clients take advantage. Strive to deliver amazing value but do not put up with bad behaviour. Find a unique niche.
“All have their worth and each contributes to the worth of the others.” ~ J R R Tolkien
3. Avoid excesses
Avoid unnecessary expenditure that drains wealth. Categorise purchases as needs or wants.
Be aware of non-monetary leaks, such as time and energy sinks, that can be just as bad, or worse, than financial losses.
Look for better and simpler ways to do things. Plugging leaks becomes easier with awareness. It is important to realise that the phrase “time is money” is more than a cliché.
“Simple can be harder than complex: You have to work hard to get your thinking clean to make it simple. But it’s worth it in the end because once you get there, you can move mountains.” ~ Steve Jobs
4. Get educated
Invest in education that helps develop critical thinking and teaches better decision making, especially financial.
Financial learning is not rocket science, and even rocket science can be learnt with persistence and determination.
The return on investment from education is incalculable, making it the best possible investment.
“The function of education is to teach one to think intensively and to think critically. Intelligence plus character – that is the goal of true education.” ~ Martin Luther King, Jr
5. Avoid lethargy
It is easy to get stuck in a lazy recurring loop of daily living. But it is important to try new things that are outside one’s comfort zone.
New experiences create new ideas and provide the energy to, maybe, launch a new business. Meeting new people and forging new relationships can lead to new opportunities.
“People are not lazy. They simply have impotent goals – that is, goals that do not inspire them.” ~Tony Robbins
6. Take risks
Learn the rules and then remove the training wheels and take calculated risks. Making mistakes is part of learning but taking risks that pay off will give manifold returns, covering losses and more.
Time and resources on earth are finite. May the odds be with you.
“The biggest risk is not taking any risk … In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” ~ Mark Zuckerberg
7. Give purposefully
It is not necessary to be a millionaire to start giving. Find ways and places to make a difference in people’s lives.
Look at giving not only money but time, kindness and respect as well. The simple secret to happiness and wealth is giving and helping others.
“Attitude is a choice. Happiness is a choice. Optimism is a choice. Kindness is a choice. Giving is a choice. Respect is a choice. Whatever choice you make makes you. Choose wisely.” ~ Roy T Bennett