The simple Steps:
- Make a good portion of money: The first step is making enough money to meet you financial needs and have some left over.
- Save enough: With this leftover money, you will need to develop a well thought out saving’s plan.
- Research: The third step is one of the most vital steps. This will dictate how much you will grow your wealth; you must conduct heavy research into investment’s you could make.
- Invest it: Once, your research is complete you will need to invest.
Step 1: Make a Good Portion of Money
This step is where it all begins; you need to have a source of income that exceeds your financial needs. It does not have to be a huge amount either; it just has to be a little extra. There are many ways to make money, but most people don’t make enough or a lot of money.
If you fit into the category of, “not making enough money” I have a tip for you. Surprisingly enough! You most likely do make enough money; to have a little extra cash at the end of the month. It may seem like you don’t have enough money because of your current way of living, but you can drastically save more money by making minor or even major changes to your life. This could include downsizing your house to buying cheaper brands. Remember, you can’t earn without sacrifice. Chances are if you make minor tweaks to your life you will have enough money to save and later in the future, you will be in a way better position than you are right now.
Those of you who don’t yet have a job or career may want to check out the pointers below on how you can choose what job or career best fits your personal needs:
- Find out what you enjoy. You’re more likely to succeed if you’re doing something enjoyable because you will have a positive attitude and work hard.
- Look at what you are good at. Asses how you can use the skills you have to create a sustainable income.
- Research jobs or careers that will pay well. An enjoyable job that pays horribly will not stay enjoyable in the future.
- Find out how you can get into your chosen career or job. Work like mad to reach the requirements and get any education that is needed.
If you already have a career or job that you hate doing I suggest that you change it because it will, just deplete your energy over time. The only reason you want wealth in the first place is to create a better life for yourself. And all a better life encompasses is a bunch of good feelings toward life. So don’t be worried that your starting over because by changing to a career or job you enjoy, you’re most likely unconsciously meeting the needs you believe money will provide for you.
Step 2: Save That Money
Time to save! Now that you have a good source of income you need to set up a plan to save a certain amount per month and still live comfortably off you income. If your one of the few that is already doing this than great on you! You’re the lucky one that gets to skip to step three, research.
If you make enough money, living well but still not saving, you have a common issue. What’s the issue? You want more than your budget has to offer. Good thing about this, it’s easy to fix. All you need is to change your habits and thought patterns or if you don’t even have a budget; create one. To get a budget up and running read the steps below:
- Set Some Goals: What do you want to achieve? Every goal you set should be specific, measurable, relevant, time-framed and achievable. To remember this you can just use the word SMART. Your collection of goals should include short term, midterm and long term goals.
- Find your sources of Income: Record all your sources of income and the amount that each produces per month.
- Analyze where your money is going: Do you keep records of your purchases? Or keep receipts? You should be! Before you can manage your money you must know where it’s going. Make a habit of recording everything you buy each day. It may be a hassle but it will be worth it.
- Compare income to expenses: It’s a good sign if you can subtract your expenses from your income and have something left over. On the other hand, if you have nothing left over or your expenses exceed your income, you will need to make some changes. Even if you have a surplus of money left over you should do this next step, being deeply looking through your expenses and spotting where you are catering too much to your wants. When you have spotted these areas, set a limit on how much you can spend.
Step 3: Lots of Research
“What we find changes who we become.” – Peter Morville. The scale at which we research changes how much we can accomplish. If you take anything out of this post take the word research, it will be the most use in life. First off, research will improve the integrity of whatever you’re studying. Secondly, it will really help you in your decision making. Without research you could miss out on huge opportunities in life because you lack decisions. On top of this research develops credibility, you base your opinions and thoughts with facts. Not just on what someone else has said or how you emotionally feel about the topic; you truly know.
This all comes into play in the next step, investing. The more you research companies, the stock market, how to make smart investment choices and countless other stuff your chances of picking the right investment increases by a lot. Having the research to back your decisions in investing is huge, without it you would have to pay someone to choose investments for you. There are countless hidden fees too if your purchasing securities through your financial institution so I advise doing the research to save vast sums of money in the long run.
Step 4:Time To Invest
Many people shy away from investing for various reasons. One reason, being people think you have to be rich to make a profit off investments. This is far from the truth though. You may not get rich but you can definitely make a profit. There are options out there where you can invest less than one hundred dollars per month. Another obvious reason for the fear of investing is people don’t want to lose their money. They think of investing as gambling. This comes from a common misconception of what an investor is. People are thinking of stock traders or people who hold stocks for short periods of time as investors. The term I like to use for people investing like this is, “speculator”. They are just guessing the market like you guess in a game. They never truly know.
If you invest for the long run and diversify however you minimize a lot of the risk and it’s not a game of gambling but game of patience. Lastly, people just don’t want to put the effort in to actually make money from their investments and it truly does take effort and time.
Forms of Investment to Consider:
- Bonds (Fixed Income Security): A security founded on debt. Bonds are very low risk; however they also have very low potential return.
- Stocks: When you purchase a stock you are buying a portion of a company. You receive the right to vote and share in the profits. These profits are known as Stocks provide higher potential return on your money than bonds but are much riskier and there worth fluctuates daily.
- Mutual Funds: Collection of stocks and bonds. When you buy a mutual fund you are pooling your money together with others. Mutual funds save a lot of time and don’t require much experience.
- Options: An option is a contract granting a buyer the right to buy or sell an underlying asset at a specific price on or before a certain date.
- Future: Contract obligating a buyer to purchase an asset at predetermined time and price. Unlike an option you must pay or sell the asset by the deadline.
- Real Estate: Purchase, ownership, management, rental and sale of real estate for profit. There are many tax incentives for real estate. Also real estate reacts proportionally to inflation, you can leverage funds.
- Gold: Gold acts as a safe investment since there will always be a demand for it.
- Certificates of Deposit (CDs): Like a savings account but offer a specific fixed-term interest rate. The benefit about these is there virtually risk free.
To get started investing, first know what your goals are. Do you want to pay off debt? Pay for your education? Improve your quality of life? Research each of the forms of investment above and choose which ever makes the most sense with the amount of time and funds you have. If you purchase stocks you will want to hold them for ten years or longer. Your stocks risk will reduce the longer you hold them as well as potential growth will be more likely to occur.
For further information visit these sights:
- http://www.investopedia.com/ (All sorts of great investing information)
- http://www.morningstar.com/stocks.html (Stock information)
- https://www.thestreet.com/ (Investing Articles)
It’s Easier than You Think
“The scientific truth may be put quite briefly; eat moderately, have an ordinary mixed diet, and don’t worry” – Robert Hutchison. Starting a healthy lifestyle is much easier than you may think. Really all you must do is eat healthy, exercise, focus on your well being and research. Thankfully, you are already doing the research part.
I’m guessing you’re hopeful I can show you how to start a healthy lifestyle. That I can do; however I cannot assure that you will become healthy. You will need to work hard to develop a habit of healthy routines for yourself. Only you have the power to change your health.
Make A Plan and Stick To It
This is by far the most important part in the process of developing a healthy lifestyle. If you really want to start a healthy life, you will need to set some detailed goals. Goals are very important as they turn our dreams into reality, by giving us focus, a way of measuring our success as well as motivation. Always remember you can do just about anything with enough motivation and determination, so always make sure you are replenishing it. Once you have your goals well thought out, it’s time for you to build your plan. Your plan will be your step by step process on obtaining your goals.
What is a goal? According to the dictionary.com a goal is the result of achievement toward which effort is directed. I highly emphasize the word effort in that definition. You will never reach any goal or dream in your life without effort and a hell of a lot of it. The bigger your dreams and goals, the more effort you must put in.
Now, to start developing your goals you must first analyze what you want in life. In your case you want to get healthy. Don’t set a goal like, “I want to get healthy”. This is too broad a goal, you should be setting smaller goals that are easier to attain. The reason for this is so you can reach your goals in a reasonable time frame and feel you are making progress. In turn this will keep you motivated. What I mean by a small goal is one that is specific. Take, “My goal is to read three books this week”. This can be changed to, “My goal is to read one book every two days”. Do you see how each goal actually has the same outcome; you read around 3 books per week. The difference is the more specific goal would be reached three times before the broader goal would be reached. This means you will feel satisfied three times the amount. Satisfaction is key to staying motivated.
If you have your goals at hand; it is time for your plan. This will be the map to reaching your goals. It must show the detailed path you will take to achieve your goal and also outline any problems that may arise. Create solutions to these problems so you are well prepared to deal with them. If your plan is well thought out, I have no doubt you will reach your goal. You will just need to stick with it; which will be hard at times but will definitely pay off. A tremendous amount of self-respect and sense of accomplishment will be gained by accomplishing your goal . You will experience the feeling of regret however if you give up. I really do suggest just going through with your plan.
Eat Healthy and Enjoy It
Eating healthy doesn’t have to suck. You don’t have to set strict diet limitations, stay ultra-thin, or give up the food you love. Becoming healthy is about gaining the energy you need throughout the day and feeling great because of it.
- Cook your own food. This will allow you to pick and choose what exactly is going into your meals.
- Swap out any unhealthy foods you are currently eating for a healthy alternative.
- Try to avoid prepackaged foods and processed foods and always look for the freshest food.
- Drink plenty of water. Usually when you will feel hungry your body actually want’s more water. So make sure not to forget about drinking water.
- Avoid sugary beverages or snacks. You get enough sugar in your meals.
- Cut your intake on salt. Too much salt can raise your blood pressure; this put’s you at a higher risk for heart problems.
I suggest http://allrecipes.com/ for planning what you are going to eat. There are some absolutely delicious recipes that are healthy at the same time. Make sure you check this site out I’m sure you will be pleased!
Exercise and Stay Fit
You won’t get a healthier, stronger body without exercise. It is very important to target your whole body through exercise and balance it out. Exercise will be vital in the process of becoming healthy so make sure you take this seriously. First of all, fitness helps you with so many issues that could occur in your health. Secondly, physical activity improves stamina, strengthens the body, enhances flexibility, controls weight, improves life and lastly prevents many diseases.
Find a source of exercise you enjoy. This will help you stay motivated and maintain your exercise routine. An example could be something like swimming or dancing. Don’t pick something you find boring, chances are you will end up giving up. Completely trash the “all or nothing” attitude, there is no reason you need to spend hours upon hours doing your activity. Your passion for your activity will just slowly deplete.
Always look at what you are doing well and the progress you have made; this will increase the likelihood of succeeding. You will demotivate yourself by focusing on the progress you have not yet made. A good way to stay motivated is to reward yourself once you have successfully completed your workout. This award doesn’t have to be major at all; it could be as simple as allowing yourself some time to relax.
Make a Habit of Nourishing Your Well Being
Too many people skip this part of health. They feel all they need is a good diet and exercise. This not true once so ever. You cannot forget you have a mind and emotions. I believe you should put most of your energy into your well being. A strong well being is linked to happiness and satisfaction of life. In conclusion your well being is how you feel about yourself and your life.
Factors Influencing Well Being:
Luckily you can kill two birds with one stone. By exercising and maintaining a healthy eating habit, you actually are building your well being. What’s even better is that the factors that influence well being are interrelated.
Happy relationships with those you immerse yourself with
Network of close people
Successful and fulfilling career
Spiritual or Religious practice
Hobbies and fun endeavors
High self esteem
Optimism with life
Goals set in place
Sense of purpose
Sense of inclusion
The ability to adapt to changes
Wellness can be broken down into multiple layers; social, mental, spiritual and emotional well being. In a later article I will go into details of each of the following but I am keeping it simple in this article since it is a broader topic I am covering here and I wrote this article under the assumption you don’t want to be reading for that long.
Get in and just set your goals now! Trust me you have time for it. You may not have time to create your whole plan but you definitely have time to write down a few things. Don’t let procrastination dictate your life. When you feel you need a change in life immediately act on it or it will just keep building up. This will cause a depletion of your well being which is the exact opposite of what you want. Good luck on your journey to a healthy lifestyle! I know you can succeed; you just need to know it too!
Do you want to develop success? If you do, you have come to the right place, at the right time. I will be using this blog to showcase and teach the process, of reaching success. Now, let me introduce myself. First off, my name is Chase, and I have a huge passion for success. I am always striving to better myself. I have done a ton of research on success and read many books. So I do know a thing or two on personal growth as well as success. From doing all of this research I have found I feel way better, as well as experiencing life in a wonderful way. I want you to experience the fantastic feeling of success too. That’s one of the main reasons I have chosen to start blogging about success. I will be sending out 3 posts per week, published on Monday, Wednesday and Friday.
This blog will be divided into four categories being:
3. Love And Relations
To reach full success I strongly believe you must feel fulfilled in each of these categories. It is not an easy task to succeed in all four of these areas, so you will really have to work at it. It will also take a lot of sacrifice to reach the level of success you want, but trust me it will turn out just fine and you will know it was worth it. All it takes is some patience.
If you have any time, I would really appreciate if you could send me an email regarding what you would like out of this blog and any suggestions you may have. I want to provide the best possible experience for you. You can contact me on my contact page which you can find by going into the menu or you can just leave a comment below. I suggest subscribing to my newsletter so you can stay up to date with all my new posts and news. I hope you join me on this blogging journey and find some intriguing content.