You owe it a duty to God to be successful. Success and Fortunes are made in people’s mind. Your mind is the ultimate personal computer, you can instruct your minds computer to select the right job, make the right investment, choose the right mate, exercise influence and to acquire wealth.
The bible says in Proverbs “As a man thinketh in his mind so is he”. In Ps. 25:12-13 Living Bible – “where is the man that fears the Lord”, God will teach him how to choose the best. He shall live within God’s circle of blessing and his children shall inherit the earth. You are what you are today because of what you did or said yesterday.
The past is gone but you can still create a good future. If you can visualize the future, you can create a plan to get there. What are your 3months, 6months, 12months, 5years, 10years goal. Create a life map of where you want to be in the future.
A successful person knows perfectly what she DESIRES has a PLAN for getting it. BELIEVES in her ability to get it and DEVOTES a major part of her time ACQUIRING it
A simple plan to follow:
1. DREAM – Habk. 2:2-3; Prov. 23:7 – let your imagination run riot write your dream list
2. DESIRE – Ps. 37:4; 145:19; Isa. 1:19 – do you desire to have your dreams come to pass, are you ready to work hard and give all to work towards your dream
3. DECISION – Deut. 30:19 – can you draw a mental line a firm decision to go ahead and pursue your life map
4. DETERMINATION – Josh. 24:15 – can you back your decision with a determination to succeed against all odds, disappointments, remember obstacles is what you see when you take your eyes off your goal
5. DELIGENCE – Prov. 22:29; 21:5; Phl.3:12-14; Is. 50:7 – with perseverance even the snail entered the ark
6. DISCIPLINE – I Cor. 9:27; Rom. 12:1-2
– indiscipline can destroy all that God has for you. Hold on fast to your dream
FINANCIAL/WEALTH ACCUMULATION PLAN
1. make a decision to become financially independent – step across a mental line in your mind
2. set a goal to achieve a certain amount of money by a certain date then set sub-goals 2years, 1year, 6months, 1month
3. make detailed monthly plans of how much you are going to earn what you are going to achieve and what you are going to save or invest.
Savings – is what you put aside for a rainy day
Investment – what one does at the expense of today in order to enjoy tomorrow
4. break Parkinson law – expenses rise to meet income. Spend 10% - 20% less than you earn
5. carefully save & invest the money you are putting away – 1st half of becoming wealthy is to earn the money 2nd most important half is to hold unto it once you earn it
6. study, research and investigate financial opportunities carefully. Don’t rush, avoid any kind of get rich quick schemes. Making money is like digging in the sand with a pin. Losing money is like pouring water on sand
7. get out of debt and stay out of debt – oweing money is a major source of stress, it undermines your mental, emotional and physical health
8. continually look for ways to increase and add value to what you do
9. never give up – wealth accumulation is a steady process, it requires tremendous persistency and consistency
10. be a continual channel of blessing – make other people’s smaller dreams come to pass, God will make your dream to come to pass. Law of sowing and reaping.
Remember poor people spend their income and SAVE what is left. Rich people INVEST their income and spend what is left.
3 MAJOR SOURCES OF INCOME
(1) Earned Income – Pay as you work i.e. income you work for
(2)` Passive Income – Income from Real Estate
(3) Portfolio Income – Income from Paper Assets
Your Asset base should have more of Passive & Portfolio Income than Earned Income
NOTE The rich don’t work for money they know have to make money work for them. The key to great wealth is a persons ability to convert Earned Income into Passive and Portfolio Income as quickly as possible.
SIX PERSONAL WEALTH RESOURCES
1.YOUR MIND
The most powerful computer you need a sharp mind to see an opportunity, grasp it and make the most of the situation you must be a CREATIVE THINKER, SOLUTION FINDER, PROBLEM SOLVER.
2. YOUR BODY
What is the condition of your Body, Are you happy with your Body or could you ensure many more years of healthy life for yourself by taking better care of your physical self. Do you abuse your body. Any bad habits. Do you exercise regularly.
3. YOUR SPIRIT
God is the Almighty. Giver of all good things.Tap into this supernatural power by rejuvenating your spirit man.
4.PEOPLE
You need people, you need relationships, learn how to relate better with people.
5. MONEY
What are your financial goals how do you manage your money resources learn how to SAVE & INVEST. 3 MAJOR INCOME amount you must know (a) Target Annual Income (b) Target Savings/Investment Reserve (c) Target Retirement Income.
6.TIME - Learn about TIMING & TRENDS. There is a time for everything watch out for the trends and see how you can tap into the current trends successfully.
This article was written by Bibi Bunmi Apampa a Business Coach at www.MyBusinessCoach.biz