Investors Tool Kit
Your Goals – why are you doing this
You need to set your own personal goals –understand why you are doing this, what’s your motivation, your hot spot. For me it’s my family, I would like my husband to be able to give up his job and for my son to have the best education.
I want to be financially free of course.
It’s also important to put dates on your goals and right them down that way they become more real. You will have both personal and business goals. Make a list and have them on display where you can see them often. My business goal is to acquire £100,000 pounds per annum from my property related activities, in a specified time frame.
Something I found very useful was to create a wealth statement. I understood this from the book ‘ Think and Grow Rich’ by Napoleon Hill.
He said, “The method by which desire for riches can be transmuted into its financial equivalent consists of six definite practical steps”. Follow these steps to create your own wealth statement:
- Fix in your mind the exact amount of money you desire. It is not sufficient merely to say ‘ I want plenty of money’. Be definite as to the amount.
- Determine exactly what you intend to give in return for the money you desire. (There is no such reality as ‘something for nothing’.)
- Establish a definite date when you intend to possess the money your desire.
- Create a definite plan fro carrying out your desire and begin at once, whether you are ready or not, to put this plan into action.
- Write out a clear statement of the amount of money you intend to acquire. Name the time limit for its acquisition. State what you intend to give in return for the money and describe clearly the plan through which you intend to accumulate it.
- Read this statement allowed twice daily, once just before retiring at night and once after you wake in the morning.
AS YOU READ, SEE AND FEEL AND BELIEVE YOURSELF ALREADY IN POSSESSION OF THE MONEY.
