how to become financially successful

By M.Farouk Radwan, MSc.

How to become financially successful

Few years ago, when i was still in college, i remember that me and many of my friends had certain financial goals. Today some of these friends have achieved their goals while many of them didn't.

Some are still on their way to achieving these goals while some have stopped perusing them completely! in 2008, i became a dot com millionaire after selling 1 million worth of products online and by doing so i achieved every financial goal that i ever had before then. (see My book how i did it)

After all of these events happened i made some notes about the reasons that made some people reach their goals and the reasons that prevented others from reaching them.

In this article i will tell you how can you reach your financial goals.

How to reach your financial goals and why some people don't

Below are the mistakes the people who didn't become financially successful made:

  • 1) They played it safe: If you want to become rich then forget about playing it safe. I am not asking you to risk all the money you have but instead am asking you to be brave enough to do something different. my Friends who walked with the crowed ended up being like them. Dare to do something different if you want different results
  • 2) They didn't want it badly enough: Do you know what's the ultimate secret to making money? its swearing a pact that you will live rich or die! that's the kind of motivation you need in order to make money. If you don't have such a motive then you are very likely to stop along the way
  • 3) They came up with many ideas but implemented none of them: Most of my friends had brilliant business ideas but they never implemented any of them. Some of them started working on these ideas but left them midway. Those people used to get influenced by the opinion of others to the extent that they used to quit working on their ideas if they didn't appeal to others! (see Why do people procrastinate)
  • 4) They ran away: some people apply for a master degree because they need the knowledge to achieve their financial goals while others apply for the same degree just to keep themsleves busy not to feel guilty! many of my friends wasted their time using these subtle methods and that's why they have nothing today but big fat titles. Degrees are amazing if you are going to use them but if your main goal is to keep yourself busy then you are certainly wasting your time (see The connection between procrastination and self deception)
  • 5) They didn't think in terms of money: Some of my friends went after experience and they got it but they didn't get any money! Some went after fame and they got it but they didn't get any money as well! If you want money then you must be after money from day1. Of course you might need other things such as fame or experience but don't forget that your primary goal is money

Final tips about financial success

Have clear financial goals in your mind, fight for them even if everyone and everything is against you. Refuse to believe those who tell you that you won't reach your goals and refuse to believe anyone who puts you down. (see How to deal with rejections)

If you want money then go after money and nothing else. If you did so you will make money while if you didn't then you will get everything but money.

Success rarely happens from the first attempt so keep in mind that you will have to try more than once.(see How to get over failure and move on) Don't be intimidated by failures and don't stop trying.
Follow these advice and you will reach your financial goals.

I have managed to become a self made millionaire at the age of 28. This didn't happen by chance because i already wrote that goal down five years before i accomplished it. Becoming rich is not about luck, starting big or being intelligent but its all about having certain beliefs about money and life.

In The Ultimate guide to becoming rich i will teach you everything that you need to know in order to become rich.

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