Financial – The Fourth Category of Success

January 14th, 2010 | No Comments |

The Fourth Category of Success - FinancialNext up to bat in the 5 Categories of Success is the fourth and most sought after category, Financial! I don’t really know anyone, anywhere, that would say “no” to making a little more money. Some pursue money as if it is the very thing they depend on to sustain life, money being the very air they breathe. Success to many means having lots and lots of money and plenty of time to spend and enjoy having all that money. It’s all about being the P.I.M.P. with the 20 inch rims, the huge mansion and money all over the place. It’s amazing to see someone rise to the top and become wealthier than they have ever been, become the high roller they had always wanted to be, spend all of their money, and end up broke, depressed and out of luck.

The Fourth Category of Success – Financial

Having a mansion, cars, boats, ATV’s, planes, maids, employees, nice clothes and all that can dress up your appearance is NOT financial success. Financial success is about having assets. An asset is something of value, or something that can bring your more income…consistent income. The only thing in the list I just mentioned that may be an asset is the mansion. Everything else is a depreciating deficit…..things that cost you more money. Having the cars, boats, atv’s, planes, maids and nice clothes are results of having assets, if you so choose to accumulate those things.

Now, I know many people think that once they achieve financial success that all the other categories will fall into place. They will then have the time and money to improve themselves, their families and their spirituality. To most people, the money fixes everything and makes everything possible. Not the case! If you were a broke, miserable person before falling into financial success, you will eventually become a broke, miserable person again unless you change you! The financial success comes and STAYS because of who you are being. If you have not become the millionaire in your mind first, then you will not remain a millionaire for long, because your money thermostat is set much, much lower than that. To learn more about how to reset your thermostat, read “Secrets of a Millionaire Mind” by T. Harv Ecker. Great read!

Now, financial success to me, is after all of my expenses (ie bills, groceries, mortgage etc) I still have plenty of money to put a portion away for savings, donate a portion for a good cause, invest some back into strengthening my assets and to live an abundant lifestyle. That’s financial success. It’s not about havingĀ  just enough to get by. That’s three months away from homeless should tragedy strike. It’s true. How many people have lost homes because they were making just enough to get by and tragedy struck, they lost their job? Too many! I apologize, but I have to recommend another book here. It’s “The Richest Man in Babylon” by George S. Clason. That short, little book will teach you a bit more about what to do with the money you make.

The portal to creating financial success is Entrepreneurship. You must become an entrepreneur. By doing so, you are in control of how much or how little you earn, and the cool thing about entrepreneurship, is you can make a lot of money doing exactly what you love to do. If that is eating donuts all day, you can own a donut shop. If you enjoy teaching kids how to play basketball, you can organize basketball camps and three on three tournaments. If you enjoy it, chances are, you will do well. It’s about finding a way to make it happen. Most likely, things won’t be laid out perfectly for you with ABC instructions on how to create success. To me, that’s the exciting part of it all. You get to take ALL the credit for what you create!

If I can give you a few tips of advice in creating your financial success, it would be this:

  1. Know what you want. Get very clear. Be creative with your ideas. Be different.
  2. Mastermind with those people who have the results you desire to have.
  3. Persist without exception until you get what you want. Learn that “The Buck Stops Here!” To learn more about that you can read “The Travelers Gift” by Andy Andrews.
  4. Burn your boats, meaning, leave no escape routes or back doors. Play with all out MASSIVE action. Play small, get small results. Play big, get big results.
  5. Be extremely consistent.

Anyone and everyone that has a desire to succeed and the willpower to pursue their dreams has to potential to achieve them. One of the most important concepts that I have learned on the path of financial success, is to simply “Enjoy the Journey!” Life is good and because of you, it will become better and better. Money isn’t everything. Money is a tool, or a gateway to achieving greater things in life. Use it to bless your life, the life of your family and the lives of others in a positive way…….and guys, there’s plenty to go around!

David Allred is the author and creator of CFW. David has been teaching entrepreneur minded people how to earn a full time income working from the comfort of home for nearly a decade.

Think about it. Never miss your kids’ events, set your own schedule, choose your own income and enjoy a lifestyle and income which most people only drool over!

Be sure to connect with David Allred on Google+, Facebook and everywhere else!

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