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Building Wealth With Consistent Action


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Building wealth is something you should include in your daily plan. Do you have a plan that will create the lifestyle you crave?

Every one of us has the same amount of time in our daily life. So what allows some people to seem to have so much more? Lets debunk three myths on why others achieve more than some.

1) The Myth of Resources - Every one seems to bring this one up first. They probably bring up money, family, or other resources. The problem with this is they don't count people who have bootstrapped themselves up from nothing.

The number of people who have started with nothing and excelled in life is staggering. It doesn't take lots of resources to achieve success. In fact, huge resources can limit your success. Large companies are less nimble and unlikely to move fast enough to sieze opportunities.

Don't let limited resources stop you. Be creative and take action.

2) The Myth of Contacts - They only succeeded because of their connections from a fancy school. Or maybe from work or other places. I don't have those connections so will struggle to be successful. Let me ask you, do you think they were born knowing these people?

Most people aren't born with a list of influential people pre-assigned them. Everyone of us can go make those connections. Get started now and take action.

Make a list of the top 20 people in your field you want to meet. Do some research on them to find current interviews, articles or speaking engagements. Write them a letter or contact them to let them know you appreciate their work.

Balance it right so you aren't a stalker but don't give up either. There are a lot of details in making this work correctly. Learn from others and take action.

3) The Myth of Attitude -The only one that isn't really a myth.

Attitude is the most consistent reason people fail. Our internal belief systems limit us like nothing else in our life. When Roger Bannister broke the four minute time for the mile, he changed more than just that one time.

For centuries it was thought to be impossible to run that fast. That death would happen to anyone running that fast. When barriers are removed by seeing the impossible become possible, it gives us hope that we can achieve it as well. It doesn't matter how much revenue your company generates, it probably doesn't have the systems in place to do 10x that amount.

You can't solve today's problems with the same thinking that created them. You have to change your mindset and your attitude to achieve the goals you want. Challenge yourself to find the parts of your business that couldn't handle a 10X increase.

Once you identify them, you can lay out a daily plan to fix them. Correct action repeated consistently will generate increased wealth. Focus on each area to improve them just 1% each month.

It is called Kaizen in Japan. Small incremental improvements that add up over time to huge gains.
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