Do you want to know how to achieve success? Better still, do you want to be successful? Do you want to be healthy, wealthy and wise, living life on your terms and feeling joy and fulfillment every day of your life?
I’m sure you do.
Well as with all things the answer is simple. Not always easy, but simple.
Follow these steps to find success.
6 Steps to Success
- Know yourself – Know what you want, what you’re good at and what you can give.
- Envision your future – know where you want to go and plan what you need to get there.
- Get a job in an industry of your choosing – learn and build capital.
- Invest everyday – knowledge, time, capital.
- Build your business – own and control your own money machine.
- Become free and live the life you always wanted
To learn more read on below.
How to become a success in 6 Simple steps
Success means so many different things to many different people. For this post however, we’re going to assume that you want the life of a millionaire.
You want to live a life that goes with having great wealth. And for many us, that still revolves around the idea of making a million, or several millions of dollars.
The idea is that getting that level of wealth will lead to happiness.
I’ve written several posts that deal with how to live a life of success without the dollars, if you’re interested go to my article How to live as Rich as a Millionaire. But if you actually want to have the life of a millionaire, here’s the simple, not easy, 6 steps to get there.
1. To achieve success you must know yourself
Know what you want, what you’re good at and what you can give.
“On average, it takes a millionaire 32 years to hit the $1,000,000 mark, dispelling the notion that most get rich quick from a windfall.” Millionaire Foundry.
As I said, the million dollar success plan is simple, not easy. If you want to get a successful life, you can have it. Anyone can have it. But it takes time.
So, make sure you know what you want, what you are good at and what you can give.
What do you want?
You need to know what you want. Really, there’s no point being a ‘successful’ millionaire if you’re doing something you hate all day long.
You should really take the time to know what you want. For you, it may actually be a better life not going for the millions but living the life you want.
Or if you want it both ways, know what you want to do and work out how to make that thing pay on an epic level.
What you are good at?
Know what you’re good at. Chances are that your best bet for making a fortune will come from doing what you’re good at.
Not necessarily what you love. But what you’re good at.
Take Michael Jordan as an example, he could have played any sport he wanted, and most of remember that he did try baseball, but it was basketball where he dominated.
Mohammad Ali might have been a great poet, or a minister, or a politician, but it was boxing that made him a one of a kind mega-star.
Work out what you are good at and do it.
What you can give?
At the end of the day, we want to do the things we love and it’s probably a good idea to do what we’re good at, but if no one wants it or needs it, it won’t make you a success.
For example, I could absolutely love writing and I may actually be good at it, but if I write self-indulgent literary prose that no one wants or needs, then it will not bring me success.
But if I can take that love of writing, and that skill for writing, and use it to teach people how to get something they want, then maybe I can be successful.
I can give them special knowledge they need, or the secrets to getting wealthy, or show them how to invest, or how to build a business, and so on.
Find what the world needs, what you can give, in an area that you enjoy and you have a special skill in and you will have your key to being a success.
2. Achieve Success by envisioning your future
How to achieve success? Know where you need to go.
“Next, desire matters as Corley found that 53 percent of self-made millionaires were obsessed with [becoming] rich before they were rich.” Millionaire Foundry.
Without getting too positive ‘thinkie’ on you, it is important to want it and to envision it. You need a positive vision that will draw you on every day.
You should know exactly what you want, like Tony Robbins says, ‘clarity is power’. Know exactly how much you need to feel like a success. Know exactly what toys, appliances, products, whatever you need, to make it all worthwhile; the point where you feel like a success.
And you need to start to build a plan. You can’t just sit there and chant ‘show me the money’.
You need to envision how your passion, your abilities and your unique gift can make you money.
Plan how the dollars are going to flow in and then plan how you are going to use those dollars to build up to the amount you need.
To start with I recommend get a job in an area that fits with your passion, your skills and the area you can contribute to. Learn from that area, network, and develop the skills and capital you need to get to the point where it pays.
3. Get a job in an industry of your choosing
How to achieve success? Learn on the job and build capital.
This is why you should chose the industry very carefully. Because you want to put in the hours to make it really pay.
“The median annual income of my 100 millionaires was $250k … The main reason millionaires earn more is that they are great at growing their careers. They know that just a bit of extra, focused effort can make a huge difference in how much they earn over time (which is literally millions). As a result, they invest time and energy to grow their careers and the skills needed to get ahead.” Business Insider.
If you are not truly interested, and if this doesn’t go along with your long term plan, it will be too much ‘pointless’ hard work.
Find a career path that suits your interests, passions, skills and maximise. Become worthy of excessive compensation. Network the hell out of it and learn everything you can.
All while you start to build your own thing – the only way you really make it pay is if you are the boss – see step 6.
Until then, you need to save every dollar and not throw it away.
How to achieve Success? Save don’t Spend!
“Millionaires save much of their income
I know, not a shocking finding.
That said, this point is why income alone is not enough. You MUST save it (which then allows investment). If you make $250k and spend $250k, you are no better off at the end of the year.
The median millionaire spends $90k a year while earning $250k in income, an impressive 64% savings rate.“ Business Insider.
Save it and then build up your investments.
Money makes money and it’s how the rich get free.
You will never earn your way to success. But you can invest to it. And you need to. Invest, not only money, but time and devotion.
4. Achieve Success by Investing everyday
How to achieve success? invest money, time and capital
“Also, Corley’s research showed that millionaires often pursue multiple streams of income, with 65 percent having at least three streams, thereby diversifying their dependence on any one stream.” Millionaire Foundry.
So basically they invest their time in extra work to make money or they invest their money in stocks, or real estate, or a business, or other investments that bring in passive income. This way they are always getting paid.
Read one of my previous articles on the subject here I am a Success: Because I learned to act like a millionaire.
Investing is the key that the wealthy use to get richer and to become free. While the middle class spend all their money on enjoying their ‘wealth’ and the working class are too scared to use their money and blow it on entertainment and things to overcome the fear, the wealthy make their money work for them and then they are free to do whatever they want.
You must invest. Savings no longer work. If you put your money in the bank, you are actually losing. That money tomorrow will be worth less than it is today. Savings is not the key to success.
You need to make your money work for you.
Invest beyond money
Not only that, investment is also investment in themselves.
“Finally, 88 percent of self-made millionaires read at least 30 minutes every day, focused on self education.” Millionaire Foundry.
This self-education teaches them what they need to earn more, it teaches them how to invest, how to make money and then how to live a better more fulfilling life with the money they’ve made.
Eventually the money they have invested is enough for them to retire and live happily ever after, if that’d what they want. Though if you find the thing that you really love to do, then you might consider doing it til the day you die. Then you can use your fortune to do whatever you want – help save the world, set up your children, or make yourself feel like a rock-star.
Invest in passion, in commitment, in desire, in contribution. Whatever you want to call it, you should find that thing that moves you, that you take great reward from doing and is of great service to others.
It may be community, religion, family, education, politics, charity, science, innovation, whatever, find that thing that moves you and invest what you have left into that. It will bring you the true success you are striving for.
5. Achieve Success by building your business
Tied in with investing is the idea of you building your own business.
This one is perhaps not for everyone. I mean business is stress.
However, if you look at your investments as a business – which is a good idea, then you should definitely own your own business. It’s not just about the control of owning your own enterprise and the feeling that goes with that. It’s also about the tax benefits and the influence that go with owning an enterprise.
“Authors of The Millionaire Next Door Thomas Stanley and William Danko write, “… self-employed people are four times more likely to be millionaires than those who work for others.”” AskMen.com
This makes sense.
If you work for a million dollar business, you aren’t going to get paid a million dollars. But if you own it, the profit is yours.
We’re not going to go through the tax benefits of being a business owner over an employee here, but there are massive benefits that go along with this boost in earnings. As an employee of the million dollar business, the more you earn the higher the tax you pay. However, as the business owner the more you earn the more interesting ways you get to move your money around.
And as the employee, you are effectively a cog in the machine – no matter how valued. As the owner, you gain capital, economic, intellectual and political capital as an owner of the means of production. Your value is so much more and your influence so much greater.
All of this, plus you get the power to control your venture. You have the pride of owning your business and at the end of the day you have the power and influence that goes with it all.
6. Achieve Success by becoming free and living the life you always wanted
The final step is know what happens in the end.
If it’s just about getting the money – then you might wake up with everything you asked for, but none of the things you really needed or wanted.
Always keep the end in mind.
If you want to build an empire out of your passion and work to the day you die, then go for it.
If you want to build a business that you can sell and live off the proceeds while sailing around the world drinking mojitos, then great for you.
The point is you need to start with the end in mind. (Thanks Stephen R. Covey) If you have no idea what happens in the end, then you could wake up one day struggling with a business you don’t want, a bunch of assets that you thought were good but were actually just a money pit, a family you don’t know and no real connection to anything worthwhile.
Know the goal that you want and work out how to get there.
Achieving success is simple, but it’s not easy.
This is the path to get everything you want.
This is the path we’re following.
I have faith that these steps are certain of providing success in my life. I now have a plan that guarantees, worst case scenario, I’ll retire with enough to be safe; enough for me and mine to live well. And best case, well if it all goes well the sky’s the limit.
Either way, all things being equal, barring any acts of God or fortune, success is guaranteed.
I encourage you to follow these steps and find your own success.
For more inspiration read my article How to Achieve Financial Freedom Through Investing.
Or join the mission for success by clicking into Success24X7.com or subscribing below.
As always thanks for allowing me to share. I wish you all the best and hope that together we can keep striving until we achieve our ultimate success.