How to Be Financially Successful

 

How to Be Successful Financially

Becoming successful is an Art. It requires several skills. If you are looking to become successful overnight, then simply close this browser and search for something else.

First of all you need to define the definition of your financial success.

Define Your Financial Success

When it comes to financial success, it is associated with some number. Just ask yourself how much money you want to make in your life span. Is it US $ 1 Million, 5 Million, 100 Million, or a Billion Dollars? Financial success is always associated with some number; once you figure out this number and lock it in your mind … you won’t have the feelings of becoming successful unless you reach that figure.

Write Down your Goals on a Piece of paper

Write down your short (Less than 3 years), Medium (3 – 5 years), and Long term (More than 5 years) financial goals on a piece of paper. Say for Example: making XYZ amount of money before the end of this year is my short term goal, while developing this Blog into a Authority Blog is my Medium term goal.

Most of the people don’t write down their goals on a piece of paper and that’s why they don’t succeed. You have to see it, practice it, and become it (your goal).

Take Action

Once you have defined your success and written down your goals on a piece of paper, it’s time to take action. Most of the people never become financially successful because they never take any action. They just dream and talk about getting rich all their life, but they take little to no Action.

So stop being a couch potato and start making moves.

Start Investing NOW

If you want to become financially successful then this is MUST. Don’t give yourself excuses such as; I will start investing next month or next year … or something along those lines. Remember, Investing is not only a game of money but it’s a game of both money and time. So if you begin investing late, then you are wasting your time. People who are financially successful today have typically started investing in their twenties.

Build your own Business from Scratch

If your financial goal is to become super duper rich then the only easy ways of becoming ultra-rich are Inheritance, Lottery Winnings, Marrying into wealth, and Starting your own Business from Scratch. It’s a good idea to focus on developing your business from scratch as early as possible in your life. Because businesses that are developed from scratch can provide more returns over a long period of time rather than acquiring already established businesses.

These are few golden tips to become financially successful in your life time. People who are financially successful today have followed most, if not all of these advises … and that’s why they are successful today.

Entrepreneurship, startups, widgets, plugins, technology, humor, video, entertainment, passive income, residual income, social media networking are the things I blog about mostly. Enjoy and let’s connect.

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  • http://www.facebook.com/karen.j.miller.777 Karen Miller

    Hi Vitaly,
    Thank you for this post…it is terrific!
    You give some very useful and critical points people building their own businesses need to take action on daily in order to be successful.
    Most people want to be rich and most people like the idea of having their own business.
    Unfortunately, too many want that lottery ticket and are not prepared to commit to doing what is necessary to be successful.
    Karen
    My recent post I Registered for My MLM’s Convention…Have You

    • http://mytimemattersblog.com Vitaly Tennant

      Hey Karen,

      Thanks a bunch for your comment. Starting something on your own can be a long process sometimes, but it's definitely worth it.
      Seeing your online presence. Keep up the good work!

      My recent post How to Be Financially Successful

  • http://ameriloansearch.com/ SarahT55

    What are the differences between people who thrive with money and those who don't? Probably not what you think. It's not about being born with money, landing an inheritance or winning the lottery. It's not even how smart you are or how much money you make. The difference comes from such traits as happiness and optimism, ambition, resilience, connectedness, passion, intuition and gratitude. Take concrete steps Improve your financial position by following through on the basics on money management. For example, pay attention to loan interest rates and make sure you're paying the least you can.
    My recent post Prepaid Debit Cards Gain Popularity

    • http://mytimemattersblog.com AceLukman

      You are absolutely right, getting out of debt is what everyone should be focusing on. Don't pay with a credit card if you can't afford it, is the way I look at it.