If you’re like most people, you unconsciously believe that the 3% of the population in the U.S. who are millionaires have a magical ability to come up with the right business ideas, overcome all kinds of obstacles, and succeed at extraordinary levels. Yet, a life of wealth and success may be closer than you imagine. All you need to do is learn how to change your money story.
Set Clear Wealth Goals
Imagine that you’ve just won 10 million dollars in the lottery. What would you do with the money? Would you build a business, travel the world, and contribute to your favorite charity? Although this may all seem like a rather futile fantasy, this simple imaginary exercise will help you identify your wants, needs, and desires.
Now that you know what you would do if you had a fortune, create a S.M.A.R.T. goal. This is a specific, measurable, achievable, realistic, and time-bound goal. For instance, if you have a sales job and sell a high-ticket product, your S.M.A.R.T. goal might be to get 50 new leads a week and make five sales a month to double your income.
After you achieve this goal, then set up another goal. Keep on doing this until you’ve fine-tuned the goal-setting-and-achieving process. Once you’ve built up your confidence, then set a big financial goal, something that you can achieve in about five years time.
Resolve Outstanding Legal Problems
If you have legal issues, it’s difficult to think about your future. If, for example, you’re facing criminal charges and are awaiting a court hearing, it’s difficult to apply for a job because an employer will do a background check and find out about your history.
Regardless of the issue, it is possible to get a good attorney to help you resolve an issue you’re facing.
Look for an attorney in your city who has a reputation for resolving cases like yours. Let’s suppose, your small business in San Diego is experiencing some legal problems, do a Google search for “public interest law San Diego” for a lawyer who can help you put this problem behind you.
Change Careers to Earn More Money
If you are underemployed, working at a job that does not pay much, then your chances of becoming wealthy will increase exponentially when you acquire more high-level skills and acquire a job that pays more. Figure out what you’re naturally good at doing and then consider a career that will help you earn a higher income. Keep in mind, going back to school to get a career with a high ROI (return on investment) may take a few years, but you can still work while earning your degree.
Learn More to Earn More
Although the idea of becoming a student again may seem daunting, it will set you up with a high-earning potential for the rest of your life. Think of it this way: the time will pass anyway. Why not invest it in a career that is more rewarding and pays more than you are currently earning.
But what if you’re already in the right field? If you are in the right field, then consider the next rung in the ladder. For instance, if you have a bachelor’s degree, then consider getting a master’s degree in your field.
The more steps you take to improve your job skills, resolve problem areas in your life, and change the way you think about money in general, the easier it is to improve your financial situation. It may take some time, but before long you’ll find yourself in a much better financial situation.
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