More than a decade ago I read the Idiots Guide to Getting Rich. The book primarily spoke about stock investing rather than real estate but the one thing that stood out from the book was introducing the 5 stages of wealth. I currently measure my wealth building by those 5 stages and now I wish to share it! Here they are: Continue reading “Multimillionaire Mind: The 5 Stages of Wealth”
I have a goal to be a multimillionaire. Is that it? Can I be a Multimillionaire now? Let me go to the bank and draw out my millions. Or maybe it will magically appear under my bed. I know where I’ll find it. In my cereal box, wads of cash in there. I have a goal. Isn’t that enough for the millions to appear on my doorstep when I step out in a few minutes? Hold up, let me check. Nope. Not there. Nothing for me there. OK….OK…I think you get the point.
To become a multimillionaire it is NOT ENOUGH to just think about your goals but it is the BEST way to start. Throughout your life you are told by teachers, parents, TV, your boss to have goals. Every year people lay down their new year’s resolutions. We all know that goals are good for you. We all know goals are helpful in life. I am not here to convince you of that. You already know goals help and are useful. But there is more to it than just having goals bouncing around in your head.
After you have a goal in your head you MUST do the following to make it REAL:
ONE: WRITING YOUR GOALS DOWN ON PAPER, PHONE, OR COMPUTER
There is a big difference between writing your goal down and just thinking about it. When you write your goal down you are projecting what was inside your head and making the words concrete and real. Before it was in a fuzzy state in your mind. Now it has become part of your external reality. You made the words real. Now you can take your goals a step further and take the written goals from just concrete words to ACTUALIZATION.
TWO: REREAD YOUR GOALS CONSTANTLY
Like I said before, many people already know goals are good for them. In fact, many people already write their goals down. But do they look at them constantly or do they bury them among other papers and forget about them? Did they write them in a note app then never looked at it again? Just writing your goals is still NOT ENOUGH. You must look at them close to a daily basis. It will help you maintain constant focus on your objective. Twice a day is better. Three times a day is best. More times than that and you are on your way to ACUALIZATION!
THREE: TEll SOMEBODY ABOUT YOUR GOALS
Tell people about your goals. The more people you tell the better. You want to do this to keep yourself ACCOUNTABLE. The people that are aware of your goal will frequently ask you “How is that thing going?” or “Is that project going well?” and you will need to have an answer. You will constantly need to update those people and we all want to see an improvement in your answer. It will keep you motivated.
FOUR: ACT FOR ACTUALIZATION
Last one is take action, move, do something that involves getting closer to your goal. This could mean research, writing, thinking, planning, any action that would lead you to your destination. Many people have the most trouble with this one. So let me help you. GET UP FROM YOUR SEAT AND MOVE!