12. Keep a Journal
As you work hard to become financially rich, you need to be able to see your accomplishments. Start a journal and track every thing you have conquered. When you feel discouraged or frustrated, reflect on what you have achieved, and rejuvenate yourself.
When children do something great, parents will reward them with something nice, whether a kind word of encouragement or a new toy. When people do well in their job, they get
raises. As you surpass your milestones, reward yourself. Treat yourself to something nice – a new dress, a new fishing pole, whatever you like, be sure to award yourself for a job well done.
14. Watch for Scams
Whether you are just starting out or expanding an existing business, unfortunately, there are thousands of people waiting to defraud you out of money. If something appears too good to be true – IT IS! Always conduct thorough research and never jump into opportunities that look perfect. If someone becomes pushy, wanting you to make a quick decision on any type of investment, do not walk away – RUN away!
15. Don’t Neglect Things
Especially when things are small and do not appear to have a major impact on the big picture, you need to ensure you follow through and complete your tasks. Those little things can quickly add up to a big mess if not taken care of in a timely and efficient manner.
16. Associate And Collaborate with Others
More than likely, you will reach various times when you do not have the appropriate expertise to make more money. This is the time collaboration and/or networking is valuable. These relationships can help you answer questions, provide guidance, and provide the ongoing support and encouragement you will need.
17. Repositioning and Reflection
On occasion, reflect on what you have accomplished as well as your open milestones and ensure you are still heading in the right direction. Repositioning along the way to success is perfectly normal and to be expected. You may have been struggling with something specific. Rather than continue battling this issue, reflect on what has not been working, and reposition yourself so you do not have to keep battling the same things repeatedly.
18. Get out of Debt
Take time to get any debts paid off, especially credit card debts that will cost you a fortune in interest. This is especially important if you will be seeking funding to make more money. You want to ensure that your records and credit are clean if you need to make a presentation before an investor, asking for money.
19. Continue To Read
Stay current on the industry news that your goal falls in. Learn about current trends, company failures or successes, new ideas; whatever information you can find. For example, if you have decided to open a retail store and have a great idea and a real passion for your goal, read about that specific type of store, location, potential revenue, downfalls, everything. This information will be a part of your business plan and is crucial.
20. Take Notes
How many times have you had an idea on how to make more money either through a dream, while doing the dishes, or sitting at your desk, and have thought that as soon as you have time, you will make a note of it?· When that free time rolls around, you have forgotten some or all of that great money-making idea. Keep a journal or notepad handy at all times. When you have an idea, write it down immediately.
21. Take care of Yourself
Being financially rich means taking care of you, both physically and emotionally. You will need to have energy, focus, and rest. In turn, this will help you concentrate and put in the hours required to be successful. Without taking proper care of yourself, you will end up struggling and your business could feel the effects.
22. Be Serious
Take your efforts to make more money seriously. Making money is a serious thing and it takes serious dedication. You have to have the mindset that this is not going to be all play, at least not in the beginning.
23. Apply What You Learn
Since you will be setting milestones as you reach for your success to make more money, apply what you have learned through each phase of the process. Doing is a much more powerful tool than simply reading or watching.
24. Avoid Stress
When you strive to be financially successful, stress is a natural part of the process. Do everything you can to avoid stress. Adding in unnecessary stress into the equation will take focus away from accomplishing your goals. You can listen to relaxing tapes, get a professional massage, take a walk, or whatever helps you to relax. When you start feeling overwhelmed, stop, change direction, and avoid stress. The only thing stress accomplishes is draining your think power and creativity.
25. Learn How to Delegate
As you start getting closer to your goal of making more money, you will find that there are many more things to do than hours in the day. If going into business, consider hiring someone; even part-time or on a freelance basis to help take some of your load. You will be amazed at how much this will help ease the situation and allow you the proper amount of time to focus on the things that need your full attention.
26. Be a Problem Solver
Rather than stew over things or let stress overtake you, find ways to become a problem solver. Look at ways that you might find new customers, increase productivity, or resolve issues.
27. Conduct Research
It is important to know what you are getting into. First, you will want to conduct research as far as the business, industry, or interest associated with your particular success of making more money. Second, the research will help you stay up to date on trends, which may or may not require you to make adjustments in your own goal. For example, if you were interested in opening a particular business focusing on a specific technology and that technology took a turn to another direction, new advancements, you may need to change the direction you were going for your own business. Unless you kept up on research, you would not know when a change was needed and therefore, would end up building a business already headed for failure.
Credit: Patric Chan