Those who enjoy success, financial or otherwise, have a different perspective to the rest of us. They do not tolerate people who do not support their success, people who are not on their team. They take the long term view, often forgoing short term benefits, like holidays, for long term achievements, the result of hard work. They never stop learning and are not afraid to ask for help and are willing to make mistakes and take responsibility for them.
They could come from any background but these qualities make them successful over time.
1. They Are Driven
They obsessively pursue their goals achievement by achievement, iteration by iteration until they are in no doubt that their goal has been achieved. They do not have time to watch TV and all the simulations it hypnotizes people with. They are driving energy into their financial success.
2. They Sacrifice Present Comfort for Future Success
Often wealthy people started with low income and made space in their finances for some investment, whether in their education, financial instruments, property or some other asset that will add value over time. To make that space they often forgo the attractions of the latest fancy car or restaurant dinner.
3. They Are Self Confident
Self Confidence means never playing the victim, recognizing, instead, that attributing negative emotions to the actions of others disempowers them. Victims blame others for their circumstances and so they place all their power with others. Successful people realise that their power lies within them and that they must act to make changes. People who experience business success will always have to be tough in taking criticism and rejection, and you have to be self confident to do that.
4. They Limit Debt
Debt is a thorny issue. It is hard in the modern business environment to avoid debt, but expensive, unproductive debt is a millstone around the neck. Credit cards, over droughts, car loans, house loans, all these are profoundly unproductive and expensive. The value of what is bought with the money often depreciates, sometimes immediately after you’ve bought it, and the interest is expensive. Financially successful people will only borrow money to invest in assets that will yield a return in the future and in this way the cost of credit will pay for itself.
5. They Take Responsibility for Their Circumstances
Business success is dependent upon accepting that there will be bumps in the road, obstacles in the stream and difficult people in their lives. Financially successful people know that to blame others for the circumstances they find themselves in, especially bad circumstances, is self defeating, placing the power to effect change on others. Even if circumstances are difficult, there are always options. Taking responsibility opens them up to those options.
6. Long Term Perspective
The long term is the future, where we all end up. Planning for the long term future will help you make stable investment and business decisions. We have all heard of lottery winners whose wealth evaporates before them with nothing to show for it afterwards. This is the result of spending for the short term. Money invested with the long term in mind will generate wealth over time.
7. They Give Value
The essence of what people want from their wealth is value. Those who give value can expect to receive wealth in return for that value. Those who consistently give value can consistently expect to receive money in return, whether it is a business making a product or a craftsman plying his or her trade or an employee doing the best job possible.
8. They Know Education Is An Investment
Education can take the form of an expensive course or simply reading a book, listening to an audio book in the car on the way to work or asking for advice from a trusted source. Either way knowledge is the product and knowledge allows you to learn from others so that you can take the shortcuts and not make as many mistakes as if you did not have the knowledge. It’s simple really.
9. They Are Goal Oriented
There are those who, in their jobs, are only willing to do just enough to avoid being fired and they spend their lives veering from one dead end job to another. Financially successful people are goal oriented and pursue that goal with all the energy they can muster, and if that means working extra hours or travelling or getting advice from a mentor then they will do that to achieve the goal.
10. They Are Passionate
Their drive to achieve success is fueled by passion, the excitement, fulfillment and intensity of self actualization. The passionate pursue success not merely for themselves but for the service of all.
Financially successful people are driven to succeed by their passionate desire to provide service to the world. They do this by offering value, going the extra mile where it is never crowded. They take the long term view, avoiding debt and they constantly update their knowledge with education.