Goals, Diligence and Building Wealth

...do they have anything in common?

Ask anyone on this earth if they want to be wealthy and chances are very good that they will say “yes.” Why then aren’t more people wealthy? Is it just because they aren’t “lucky” or is it due to some explainable reason?

It must be due to an explainable reason otherwise how do you account for the phenomenon that when someone wins the lottery it’s just a few years before they’re right back where they were at beforehand? What did all that money do for them? Not much it seems, except go through their fingers and supply some temporary cravings. What about when someone receives an inheritance? Many times you see the same thing happen. What about when the average Joe gets a paycheck? Hmm, same thing again... he’s out of money at the end of the month.

Contrast a wealthy minded individual. Well, you’re probably not going to find them playing the lottery, but what about this type of person receiving an inheritance... you’ll probably see the inheritance be put to work in productive ways. And finally a wealthy person doesn’t just work from paycheck to paycheck. They save money and then use this money to make more money. Seems like we have a clue.

I like to listen to Zig Ziglar, and he talks about people that think in wandering generalities versus meaningful specifics. Most people in the world think in terms of wandering generalities, yeah they would like to wealthy, sure they would like to have more money working for them and not be living paycheck to paycheck, but this is as far as they go. People that think in meaningful specifics go farther; yes they want to be wealthy, yes they want money to be working for them, no they don’t want to live paycheck to paycheck, and then they sit down and setup a plan to get from point A to point B. This is a Goal.

Now a goal is immensely important as you build wealth. Again I refer to Zig Ziglar, who says confidently that he could shoot better than the legendary archer Howard Hill on the best day that Howard Hill lived. How? Well, provided that Howard was blindfolded and turned around a couple times. “Ridiculous,” you say! “He can’t see the target.” But same thing goes here… how can you become wealthy if you can’t clearly define where you want to go? A goal gives you a target.

The next step is to take action, insert the arrow, draw back the bow string, aim and release. Simple right? Well believe it or not many people break down right here. Some people don’t have the diligence to take the small steps in the big goal of building wealth or perhaps they may be held back by fear and/or doubt, but wealthy people overcome these things and achieve their goals.

Do you want to be wealthy? 1. Make sure you think in meaningful specifics and 2. Make sure you have the diligence to take action in the small steps of bringing your goal from paper to reality.

What if you fall short in this test? You have two choices:
1. You can do nothing. And as the saying goes “If you do what you’ve always done you’ll get what you’ve always got.”
2. You can change the way you think, choose to be diligent, follow through with the small steps, and become wealthy.

Which do you choose?

We specialize in coaching people who are working to achieve their greater financial goals.

John McFie

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