Home Money Lessons Financial success is the product of a winning formula

Financial success is the product of a winning formula

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Financial success is the product of a winning formula

Financial success and wealth are the products of a formula.

And a formula is defined as a list of ingredients with which something is made.

So when you know the elements that make for financial success, and you put them together? You will get the desired outcome. Q.E.D!

But how come I know all this?

My story

Many years ago I too was having difficulty making ends meet. Things were tough for me financially. I’d recently gotten married and we were heavily in debt.

It seemed like things just would not work. And they didn’t until I found the formula.

You see it took me years before I could understand money. I read all I could and spent time listening to the experts. I would be lying if I told you it was easy.

Eventually I began to see results once I put what I learnt into practice. I found the formula and poverty became history.

How can I become wealthy? What steps must I take to achieve my financial goals? How long does it take to become financially successful? Why are some rich while many others are poor?  Many people desirous of wealth and riches bombard me with these questions regularly.

You see there is a huge difference between wanting and knowing how to be rich. Everyone wants riches but sadly only a few know how to get it. Money lessons isn’t taught in school, thus people go through life with no idea of how to make it financially.

My typical response when asked is to let people know that financial success isn’t rocket science. Financial success is rather the result of certain steps. Money is neutral. It doesn’t care whether you are tall or short, dark or fair, Christian or Muslim. Money only responds to the application of the right formula towards its acquisition.

It’s also important to add at this juncture that there are different formulas to financial success. There are many roads to wealth. So I’m not writing about a solution that solves all challenges we all face building wealth. I do however believe that my formula contains all the necessary elements required for financial success.  My formula is therefore:

Financial Success Formula

Comprising four elements my formula for wealth and financial success is:

Insights X Action = Wealth + Riches

In other words insights multiplied by action will lead anyone to wealth and riches.

What is insight?

Insight is simply having a deeper understanding of a subject matter. In this instance the subject matter is money and financial success. In today’s world there are loads and loads of material that can provide you with insight. All that is required is that you seek them out and understand them.

For instance today there are lots of books, CDs, DVDs, Online and offline articles on money and personal finance. All you need to do is to invest time and energy studying them. I find it very useful in my experience to read books written by the rich. This is because they are usually filled with their success stories and insights. People’s secrets are in their stories. You can’t go wrong if you glean insights from those who already have what you desire.

Start now, start today to draw insights on money. Don’t procrastinate and don’t delay. Your net worth depends on it!

Take Action

These insights gathered are not for knowledge’s sake. They don’t exist for the purpose of cluttering your mind. Insights must be acted upon, pure and simple. Now this is where a lot of people are missing it. They know what to do to build wealth, but they don’t act on what they know.

This is precisely the reason why Dr Myles Munroe is quoted to have said, “The wealthiest places in the world are not gold mines, oil fields, diamond mines or banks. The wealthiest place is the cemetery. There lies companies that were never started, masterpieces that were never painted… In the cemetery there is buried the greatest treasure of untapped potential. There is a treasure within you that must come out. Don’t go to the grave with your treasure still within YOU.”

Please don’t join the bandwagon neglecting to take actions that will bring you wealth and financial success.

Wealth and Riches is the end product

The continuous application of seeking insights and acting upon them will eventually lead you to wealth and riches. Please notice that the keyword is continuous. You’ve got to keep learning, keep trying and keep believing. After some time the result will become evident to all and sundry.

Now nowhere have I said it’s going to be easy. Making money is a huge learning curve. I want to assure you that if you commit to working with the formula it’ll end up working for you.

Final word

This is probably one of the simpler formulas out there. Building wealth is a simple process of acting on insights repeatedly. The feedback from your actions constitutes another insight into what works or doesn’t. You can use that information again to vary your next line of action.

It’s so simple that anyone, anywhere can use it. It is my hope that it brings you wealth and financial success just as it has brought me!

 

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