In my book, The Wealth Choice, I talk about nine driving forces that can help one take a methodical and logical approach to achieving wealth and success. Today I’ll discuss seven.
Remember, wealth creation centers not only on what you know but on what you do. I highly encourage you to review chapter two of the book daily, if needed, to understand how these principles can place you on the fast track to attaining wealth. In short, I will lay out the 8 driving factors as a refresher to those of you who have read the book:
Driver 1. Life: Survival or Achievement
Ask yourself how much further you can go to stretch yourself into reaching your full potential.
Driver 2. Family Unit: Matriarchal or Patriarchal/Legacy
Without careful planning or stewardship, the legacy you build for your family now can dissipate in a generation or two. Black millionaires commonly have strong expectations of their children and family is often a key factor in their success.
Driver 3. Education: K-12 or Lifelong Learning
You must remember that you are a lifetime student if you hope to gain and keep wealth over time — this is true prosperity.
Driver 4. Money: Act Rich/Act Poor
Your beliefs about money are often a reality. So examine what money means to you. Whatever you believe today most likely reflects your current state today.
Driver 5. Work: Necessary Evil/Life Work
If you are unhappily working out of necessity, you must reevaluate. The Black millionaires I interviewed in The Wealth choice all worked longer and harder than their peers, and not surprisingly, the wealthy love their work.
Driver 6. Time: Present to Past/Future
Millionaires will commonly have a long-term perspective. Remember, time is your greatest opportunity. When asked, “Which would you rather possess- more time or more money?” two-thirds of the millionaires I interviewed responded, “More time.”
Driver 7. Relationships: Social Networking
Lean on your network, push yourself out of your comfort zone, and remember that networking is indeed a key to financial success.
“Becoming a millionaire is not that difficult, and it is not the most important thing. The most important aspect of becoming a millionaire is the person that you become in order to accumulate a million dollars in the first place.”
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