You may have been born in a family with limited means. You probably have lived all of your life struggling with debt. But things don’t always have to be that way. The truth of the matter is that there is a lot you can do to turn your life around so you can change your fortunes once and for all. But today, we are not going to focus on what you should do but what you should stop doing if you want to become successful in life.
1. Stop Focusing on Linear Income
Linear income comprises one-off payments (e.g. payments for gigs), allowances, and end-month salary. Stop focusing on linear income. If you want to become successful in life, you need to widen your focus and particularly tap into passive sources of income.
Ever heard of the words “let your money work for you?” It’s time to start putting those words into practice.
2. Stop Hesitating to Start Something New
How many times have you ended up postponing your plans for no valid reasons? Do you stick to your new year goals to the letter? The plain truth is, no matter how nice your plan is you’ll not make much progress in your quest for success unless you dip your toes in the water.
Stop looking for excuses. Just do it. You cannot be waiting on the start line for the rest of your life and still expect to win any race. To win any race, you’ve got to rev up your thinking and start making things happen.
3. Stop Living Beyond Your Means
In order to embark on the journey of success, you’ve got to live within your means. Yup, you have got to tame your expenses. Start by saving at least a significant portion of your income (keep your money in an investment scheme somewhere and don’t touch it).
You can keep increasing your saving power as your sources of income expand. No matter what, don’t make the mistake of spending more when you earn more.
Instead, try to hold your expenses constant even when your income increases. That way, you’ll create enough financial cushioning to enable you to take on daring undertakings without breaking a sweat.
4. Stop Complaining Your Way to Misery
Instead of merely complaining, try to be part of the solution. There is always something to heap blame on but don’t do that. Keep your hair on. Instead, think soberly and start planning your way ahead in life.
Learn to take responsibility for your non-productive habits. Accept that everyone makes mistakes in life. Also, accept that no matter who runs the government, life will always have its fair share of challenges. Instead of heaping blame on everyone else but you, set your focus on long-term goals and keep working toward them soldiering on strong no matter what.
Most people fail to succeed in life not because they don’t have the means to excel but because they don’t take the initiative to prosper. You have got to make a decision today – the decision to be disciplined with your financial choices. And while at it, remember to always warm up to new investment and learning opportunities as those can enable you to become better with time.