Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Sunday, April 17, 2011

How To Find Success - Personal And Professional

I am going to tell my story about how I made my first million at a young age, heck, I'm still young. I will also tell how I finally found peace and happiness which was instrumental me becoming financially successful. All my life I was an under performer, at almost everything I did. I failed a couple of years at school; I was bad at sports and just generally an "E" grade student. This went on though my college career and I barley scraped through my qualification.

I went on to do a Microsoft Qualification which I really excelled at, this was strangely bizarre a I had just got on the course because I didn't know what I really wanted to do or where to go with my life. I even managed to get into the top 5% of all students. I left the course at the end of the year and proceeded to try and find a job. Which I failed dismally at, the course I had taken was a very popular course and the IT market was flooded with people with this type of qualification.

Eventually I got a job working for my girlfriend's dad, and that only lasted about eight months, I then drifted from job to job. Never working for more than a year at any one place of employment. I got pretty tired of being just a guy with pretty rubbish, low paying office type jobs so I decided to move to another country, thing that it would be much easier somewhere else. The grass is always greener...

This was really the start of my hardship, I struggled to get any type of job and after being really broke ended up working as a dishwasher in a hotel, I did this for six months and then moved to more of a proper sales job. Guess what that only lasted three months before I was fired. This continual cycle never seemed to stop and went through another three jobs before I decided that I should maybe think about doing something that I wanted to do. I decided that I had better start my own business so I couldn't get fired for one. It also puts the responsibility squarely on your shoulders, so if it all goes wrong it's no one else's fault but your own.

Since I know a bit about IT, I thought that it would probably be a good place to start. That's where it all began, I started offering basic IT services to small business owners, that lead to referrals, and it all snow balled. I didn't take much money out the business, and kept my overheads low and reinvested as much as I could. Within three years I had make over one Million Pounds, and had a business worth five times that. To top it all off I am still under thirty. The moral of the story is, be prepared to take the risk of starting your own business. Work hard and be smart. Don't rob your business as soon as you start making a bit of money.

Friday, March 4, 2011

The Only Proven Steps to Financial Freedom

You're there chilling-out, not worrying about a deadline or a meeting or a proposal. Basically, you're not thinking about work. You're there relaxing with the people you love.

Who wouldn't want that?

It sounds like a dream, but you know what? It doesn't have to remain that way. You can get that freedom from the corporate world or the job industry. If you listen closely, you will not have to worry about money anymore.

Here are the steps in order to achieve the coveted financial freedom:

STEP 1: Mental Preparedness

If you want to be successful, you must first think that you are successful. You will get nothing out of yourself unless you believe in your own capabilities. You should first think it, and you should believe it. You should also know what you want to do. Once you figure out what that is, keeping your eye on it is the key.

Keep it in sight and never lose track of what is supposed to be done. This also means that you should discard all negative thoughts. Forget what you did before or what happened, you need to focus on the "now" and the future.

STEP 2: Financial Awareness

You should understand how money works. Once you figure out what the numbers mean, you will have an easier time gaining money. A lot of people think that given the chance, they could make better products than an already established company. For example: a friend of mine claims that she can design better clothes than Calvin Klein. But she doesn't make as much money as CK does. Why is that? The answer is obvious.

CK has an established business system. The executives at CK understand money. Study and breathe in the numbers. If you have money, but you don't know how to use it properly, then that money is useless in will probably leave your grasp soon. But with the right financial knowledge, you will be able to utilize the money you have.

STEP 3: Specific Financial Plans

Managing of money is important. You should know when to put out money and when to keep it. You can't be all gung-ho with your money. You should be careful with it, take in consideration every financial move you make and make sure that you will gain in certain investments.

You should save, budget and save some more. It will be hard, but once you get used to it, it will be beneficial for us in the long run.

STEP 4: Lifestyle Management and Debt Eliminations

Lifestyle management is important in order for us to be efficient. This means that you should learn to make proper use of your time and energy. Basically, lifestyle management means living under your income level. This is needed because it comes hand in hand with the debt elimination. Debt elimination means exactly that. Pay off everything: mortgage, credit cards, debts, in order to maximize your income. Obviously, without debt, the money you earn all goes to us.

STEP 5: Business Management

Obviously, business management is crucial. Your businesses will provide income. You should do what you must; attend seminars if you have to, just so you can maximize your profits. You need more money. More money means more funds to produce assets that will give us even more money. This is a cycle and once you get the hang of it, you will be free in no time.

STEP 6: Perseverance

No, you will not get rich and you will not get to your dream quickly. You need to work hard, and be patient. Don't expect to haul in money instantly. This is a process and you should not be disheartened if you do not get results quickly. If after years and years of doing something and you're still not yet free, then I suggest revamping your plan and try to learn from your previous mistakes. Do what you must and don't ever lose hope. Keep on going, and eventually you'll get there.

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