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5 Rules For Personal Financial Success

Time and again, men have risen from having very little money to building a fortune.
Financial success and freedom is therefore possible irrespective of your current status/income.
There is a concept of holistic success and I would like to quickly point out that the purpose of this article is to address personal financial success which is only a part of holistic success.

YES, it’s possible for a person to be successful in one area of life and be a complete failure in another.
If you care to look, you will see various examples in our world, of people who were very successful in their career but made a mess of their family, some other people were at the top of their class in their school days, but didn’t do so well long after they graduated.

I believe that if you put into practice the points outlined in this article, you would experience a constant increase in your finance.

1. Desire success

This is where it all begins. Allow me to relay a short story,

There was a young man who wanted to make a lot of money, and so he went to a success guru. He told the guru, “I want to be as successful as you.”
And so the guru said, “If you want to be on the same level that I’m on, I’ll meet you tomorrow at the beach at 4 am.”

The man thought, the beach! I said I want to make money, I don’t want to swim. But the young man got there at 4 am, all ready to rock and roll.
The old guru grabbed his head. “How bad do you want to be successful?”

“Real Bad.”

So the guru said, “Walk on out in the water.”

So he walked out into the water, about waist deep. He said to himself, This man’s crazy. I want to make money, he’s got me out here swimming. I didn’t ask to be a lifeguard. I want to make money.

The guru said “Come out a little further.” So he did. He was up right about at the shoulder area.

He thought, this old guru is crazy. He’s making money, but he’s crazy.
The guru said, “Come out a little further”. He came out a little further. He was right at his mouth.
The young man was like, “I’m about to go back in. This man’s out of his mind.”

But the guru shouted, “I thought you wanted to be successful!”

He said, “I do!”
The guru said, “Walk a little further…”

He came, and the guru dropped his head in the water. He Held him down, and was holding him under. The man was scratching, clawing, fighting to get up. The guru kept him down under water. And just before the young man was about to pass out the guru raised him up.

The Guru said, “I got a question for you. When you were under water, what was the only thing you wanted to do? More than anything?”
He said, “I wanted to breathe.”

The guru saidWhen you want to succeed as bad as you want to breathe, then you’ll be successful.

It’s easy for people to say they want to be rich but when it comes down to it they are not willing to make the least sacrifice for their own success.
Take a moment to ask yourself this question,

“How badly do you want financial success?”

2. Spend less than you earn

It sounds simple, doesn’t it? But for many, it isn’t.
it’s pretty obvious that constantly spending more than you earn over a long period would only lead to debt accumulation. Some people have adopted the habit of spending over half of their pay cheque even before they get it.
Benefits of spending less than you earn includes;
-Eliminating your debts.
-You begin to save.
-Your stress level falls

3. Never stop developing your skill

Take advantage of being in the digital age and avail yourself of opportunities both off and online to develop your skill, acquire new ones and advance your knowledge.

Here are Online platforms of Learning
Udemy —– visit site
simplilearn —– visit site
Coursera —– visit site
CodeAcademy —– visit site
Lynda —– visit site

4. Delay gratification

Delayed gratification is associated with resisting a smaller but more immediate reward in order to receive a larger or more enduring reward later. Delayed gratification is one of the most effective personal traits of successful people.
Delaying gratification can be hard-work. Depending on what you want to achieve, it may take weeks, months, years, and sometimes even decades.
This is where the importance of having a clear goal comes into play to constantly remind you that you have a task to accomplish, and until then, some expenditures can wait.

5. Use your resources wisely

If you consistently live by the rules stated above, it’s almost certain that you would start to have some good saving and extra cash. However, accumulating money is not the ultimate goal of this article. So, what do you do? Find proven and well understood investment opportunities and put your money to work.

Thanks for reading this article.
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