“If you always do what you’ve always done, you’ll always get what
you’ve always got.”
– Henry Ford
To make 2015 your most lucrative year yet, you may have to do
some things differently than what you’ve done in the past.
Here are 15 action items that can put you ahead regardless of what
happens with the economy in the coming year and beyond.
1. Become your own CFO.
You can’t fix what you don’t know, so the first step is becoming
completely aware of your finances and where your money is going.
As soon as you start to understand your current situation in detail,
you will be able to identify leaks and simple solutions that will help
get you on your way.
Nobody cares more about your finances than you do (not even a
financial adviser), so it is on you to take control of your financial
future and direct it to where you want to go.
2. Go on a diet.
I’m not talking about what you eat. Identify one expense that isn’t
helping you achieve your goals, and cut it out for 30 days.
A simple expense to choose is cable television. The average
American watches more than five hours of TV every day. That is
thousands of dollars and thousands of hours often wasted each
year!
Try a TV (or other guilty pleasure) diet for 30 days, and use that time
and money on something more beneficial. I’m sure you’ll survive
without it just fine.
3. Be selfish.
When you get on an airplane, what do they tell you during the
safety instructions? “Put your own mask on first, and then help the
person beside you.”
It should be the same way with our time and our finances. Be selfish
and take care of yourself first, and then you can have more
flexibility to take care of others. The problem is that so many of us
put others first and then aren’t able to help ourselves.
4. Be selfless.
Although you want to be selfish with your time and money at first,
you also want to be selfless with your attitude. The wealthiest
entrepreneurs I know give, give, give, and focus on helping others.
By doing so, more money shows up in return.
5. Add another income stream.
One thing that I learned over and over again from the wealthy this
year is that they never rely on one income stream . They have
numerous sources, which protect them from changes in the
economy and also add up to the greatest numbers.
If you want to make 2015 your most lucrative year yet, your best bet
is likely to add another source of income.
6. Focus on passive and residual income.
There is only so much time in the day, so it’s hard to build wealth
quickly when you’re trading your time for money. Instead, the
wealthy focus on building income streams where they can get paid
over and over again for their work by putting their business or
money to work for them.
Examples of this include the investing, owning real estate, running
an online business, and writing a book. If you’re going to do the
work, you might as well get paid over and over again for your
efforts. Work hard, but also work smart, and you’ll much sooner
find the freedom you dream of.
Are you tired of struggling, and you want to be SUCCESSFUL. Now is the time to take a good step.
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