YOUR FINANCIAL WARM UP!
How to grow revenue by pursuing your vision and uplift your personal and financial wealth.
Here are some tips to develop a habit of actively caring for your financial health. Through these few steps, the discipline to pay attention to your opportunities and achieving your vision will progressively develop your wealth heart.
1. Understand the Core philosophy of the Miracle of Wealth.
Wealth is not earned; wealth is created.
This general principle of wealth creation assures you that tapping to your true potential by applying wealth principles, enable you to create wealth over and over.
Most people would argue that the rich inherit wealth directly from the generations before them but truth is, they did not. What they acquired instead were the skills to retain and build more wealth. Imagine if you were left to manage a real estate business yet you have no knowledge on the subject let alone the technical aspects of operating a successful business; it would collapse!
What the rich do instead is to pass their knowledge on creating wealth, identify market gaps and seize opportunities to their families and down to their children!
This model is centered around effective management, developing a wealth creation method and finally teaching and transferring those knowledge and skills to their children. Once you understand this knowledge and the art of creation, you are on your way to securing a Financially Fit life.
2. Come up with a clear vision of hope and an achievable action plan.
“When you work on something that only has the capacity to make you 5 dollars, it does not matter how much harder you work — the most you will make is 5 dollars.”
Idowu Koyenikan in his book Wealth for All: Living a Life of Success at the Edge of Your Ability, paraphrases the need to think beyond one revenue stream. Living paycheck to paycheck is not a guarantee to wealth, let alone job security. When the COVID-19 pandemic hit, many workers across different industries were affected negatively. Companies had to cut on operating costs by downsizing their staff and reducing wages and many lucrative enterprises lost client bases due to a slump in demand.
To generate wealth, diverse revenue streams that are strategically tied to your vision need to be developed. Thereafter, the tasks that create the revenue have targets to achieve your vision. This spreads the risk of a severed revenue stream and your ‘lifeline’ is maintained in spite of job loss or lack of sales.
Hope is a critical element; seeing things only as what they are limits your vision. See resources for what they can produce, investments for their returns and savings for their ability to cushion a financial rough patch.
Write down 5 action plans for yourself this March. they should be a habit leading towards financial freedom and building multiple streams of income.
3. Execute; Stop Procrastinating!
Once you have developed your 5 action plan, think about how you can begin executing your goals today! How much can you save? How much are you able to risk on an investment? How much can you spend as starting capital for your business idea!
Once you realize that you don’t have to wait till your estimated start date to get some goals crossed off your list, the only way for you to go will be forward. You will generate more income for yourself and your family this month!
4. Be a risk-taker ; Stop levelling the limits of your financial success!
You may be afraid to start that side business because you are afraid of failing. Well, here is the bad news; no one ever learned from not trying.
If you never try, you will never find out if your business idea may be the next big thing. Focus on maximizing what you can do within a given timespan and do it in the best way possible. Perhaps, your break from the risk that paid off will clear your financial problems. So, start now with the capital you have at hand, you don’t need millions to start a lucrative venture. Fortune favors the bold!
