Monday, 26 October 2015
HOW TO HIT THAT TARGET
Each individual have their own targets. This boils down to the priority of individual. These are few steps to “HIT” your target e.g “TO MAKE A MILLION”
1. It's never been easier.
It has never been easier, so don’t make it so difficult. There is so much money in the world today and so many ways to get yourself known. The first thing you have to know is that it’s out there and it’s not that hard. In fact, everyone will be a millionaire in their lifetime: #50,000 per year times 20 years equals #1million.
2. Saving won’t do.
The old idea of saving every penny is not the way today. Save to invest and don’t see saving as property. Savings is never an investment but a means. You can’t simply save your way to the first million without becoming old, at which point the money probably won’t matter to you.
3. Live below your means.
Live below the money you are making. Not because you are depriving yourself, but because you are seeking to bank millions. No one has ever done business with me because of the suit I wear, the watch I have on my wrist or the shoe I put on. Live below your means until you don’t have to anymore. Time will take you out at the end.
4. Mature from income to investor.
The way to get rich is to make investments, but you can’t do that if your income doesn’t allow for you to set aside money to invest. The only reason to make and save money is so that you can invest it. Only invest money in projects you know will score and never give up your income.
5. Start acting like a boss.
Quit acting poor and quit acting like you are a spectator. Boss up in everything. When the Bill comes for dinner, boss up. When you have to invest money to get information, buy a list, grow your brand or learn to sell. You need to write the cheque like a boss, not like a little whiner.
6. Automate a pay-yourself-first program.
Set up with your employer to pay yourself to a savings account so that you have money deposited each month before you get a cheque to pay your bills and live your life. This is one thing I started doing when I was 20 years old that kept me "broke" without money to lose or waste and forced me to continue to hustle. When you have enough money at hand, you will assume that you have hit your target. This is the step that will make number five possible.
7. Be in a hurry.
Be the hare, the turtle and the millionaire! The only thing that comes to those that are patient are the crumbs left behind by those in a hurry, but do not be carried away. Be wise, know when to apply caution. It is like man driving and hurrying somewhere, at a time he has to apply break and later on then accelerate.
8. Do the millionaire math.
Do the math on what it takes to hit a million. If you make #50,000 a year and can figure out how to put away 40 percent of it (that is my saving target) it will take you 50 years times #20,000 per year to get there. If you don’t do your math you won’t get there because you won’t have the right mindset. Math is a universal language. And if you can invest
9. Do not diversify on an unknown field.
I know the diversification concept is popular, but it’s wrong to diversify on something you don’t know about. It is even advisable to streamline your field. If you are going to bank a million before you are old and tired you need to pick something you believe in and know it's going to work and go all in.
10. Seek multiple flows.
If you don’t get multiple flows happening you will never create financial freedom. Don’t confuse number 10 with multiple flows. These are not conflicts -- have parallel flows going. Don’t make your first flow disconnected, make it similar so that it takes less energy and less resources. Make all the income stream channels an interwoven one i.e. a link-able channel.
WHICH YOU ALL THE BEST!!!!!!