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Path From Zero to Financial Success

Mar 12, 2009

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Theodore Roosevelt once said, "Do what you can, with what you have, right where you are." If you are starting off broke or with very little money, where do you start?
The answer is you start by getting your finances under control.

Remember, "It takes money to make money." It is not the money as much as it is the discipline you must have to accumulate that is essential for financial success. It is only when you can get your finances under control at a low level then you have the ability to manage and grow your money at a higher level.
You have to walk before you run.

Here are the pathway :

  1. Pay yourself first
First time I found this principle through George S. Clason's book "The Richest Man in Babylon".
This book was written many years ago, but his idea is still valid today.
Its principles are simple, direct, and effective.
Take 10% off the top of your income everytime you earn or receive money, and put it aside in your financial independence account and never spend it for any reason other than to invest and grow it.
Then you learn to live on 90% or less of your income. Make this as a habit and your financial success is largely assured.

2. Be frugal

This is the oldest rule for success, but if you do not have the discipline to refain from spending all the money that you earn, then you are simply not qualified to become wealthy.
Try to sort out your needs, write down the needs you should buy and delete other which is unneccesary or able to delay.
I know one of self-made millionaire man who had achieved his financial freedom just in 3 years.
He started his simple living by kept his old handphone where others got their newest one, did shopping when there was a big sale, kept riding an old car while he was able to buy a new one.
One of his principles of financial freedom is he won't buy a new car before he able to own two real-estates for rental.

3. Attract the money you want

If you really serious about your financial future, discipline yourself to open a saving account and put your money in, even if it is only $10. From that day forward, put every bit of money as you can into that account to make it grow.
When you see that account, you activate the law of attraction in your life and your heart. You will find that the more money you put into that account, the more money you want and will attract from any sources that you even havent think about now. You will start to open your eyes of chances you can take to attract money.

4. Get time for experience

The smartest thing you can do is to invest your spare time in learning how to make the kind of money you want to earn later on. By working for a company in a field that interests you. You will get an invaluable form of on-the-job training, and you learn how the business work internally.
Even if you are working full-time at another job, you can work part-time evenings or weekends in another field to learn about it.

5. Feed your mind

You have heard it said that "You become what you eat." In the same way, you become what you feed into your mind on a regular basis. Make it as a habit to think positively and confidently about wealth accumulation by read about successful people stories and how they made it, listen to educational audio program, take seminars and courses, get around with the positive people and people who are working on their goals.

5. Be action-oriented

The most important thing to begin is to take action. The key to success is to get started and then to move forward one step at a time, learning and growing.
Start to choose your own way to be become wealthy, Open your eyes of any chances you might take or interest at and set the plan.
There is enough information available in virtually every field for you to become knowledgeable enough to achieve success. But continuous action is essential.

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