Monthly Archives: August 2017

The Financial Success Equation

Financial success ain’t easy. Very few in America experience financial success. It’s a needle in a haystack. The ones who do find financial success in life, however, do so by following a formula. I call it the Financial Success Equation and here it is:


This equation is like a linked chain. You need each variable in order to form the linked chain of financial success. If you are missing even on of these variables you will never achieve financial success.

The first variable, the first link in the chain of financial success, is Passion. Forget about education, intelligence, genius or creativity. None of that matters when you find passion for something that allows you to make a good living. Obsessive passion overrides all of your deficiencies and renders mistakes irrelevant, except for purposes of better educating yourself in what not to do. Passion forces you to a higher level of intense learning and self-improvement. So when you peel the onion of success down to its core, what you find at the heart is passion. Uncovering that passion in your life will catapult you above every one of your peers and set you flying like a rocket ship, so long as the industry or undertaking you are passionate about is in a lucrative field or industry.

Unfortunately, passion finds very few individuals. Most eke out a living in quiet desperation. When you find your passion, and that passion can be monetized, count your blessings because you are walking along a path very few are privileged to traverse. You have found your heaven on earth.

The second variable and link in the financial success chain is Hard Work. You must work hard at the thing you are passionate about in life. You cannot force a hard work ethic. The work must feel effortless to some degree. Hard work must be something that just happens because your passion drives you to work hard. It is virtually impossible to sustain a hard work ethic in a job, profession or industry for which you are not passionate about. When you are forcing a hard work ethic, that is when you know you do not have the passion for what you do to make money. Furthermore, working hard in a profession or in an industry that is not very profitable or has low profit margins will never provide the return on investment known as financial success.

The most important variable and link in the chain of financial success is luck. Specifically, opportunity luck. This is a type of luck that happens because you have created the opportunity for luck to occur by being passionate about what you do and working hard at it. Opportunity luck is, to a great extent, outside of your control. Opportunity luck is elusive. It is luck after all. It does not manifest itself to everyone who is working very hard at something they are passionate about. We all hear the success stories about Bill Gates, Steve Jobs and Warren Buffet. The fact is, however, that you would not know one of those individuals if it were not for opportunity luck dropping into their lives. They could have toiled in their passionate pursuit until their deaths and not realized financial success, if it were not for opportunity luck. Just the same, they would not have created the opportunity for luck had they not had a passion and worked hard at it. I am paraphrasing Warren Buffet who stated that he was one of the privileged few who won the luck of the draw.

Statistically, financial success will very likely not find you. I can guarantee it will never find you if you are not passionate about what you do for a living because you will never work as hard as you need to work in order to create the opportunity for luck to occur in your life. The point of this entire article is this:

If you love what you do and work hard at what you love, keep swinging.

Opportunity luck only manifests itself to those who are passionate about what they do and effortlessly work hard at it.

5 Habits of Financially Successful People

What is the true definition of financial success? Although it varies from person to person it can usually include: the ability to pay bills without worry, being free of debt, and having enough money in savings for things such as emergencies, family vacations, retirement, college funds, and more.

Being financially successful is easier said than done. There are no quick fixes or magic formulas for achieving financial success. Financially successful people understand the difference between wants and needs and how to create clear financial objectives for achieving their goals. Below are five habits of financially successful people.

1.They have a “big dream”. Thinking outside the box allows you to develop clear financial goals and priorities that are worth sacrifices, because strong desires bring strong results. Start by writing down your financial goals. Then, list realistic target dates for each goal. It’s important to also list short-term goals such as family vacations and major purchases.

2.They have a plan. Developing a long-term financial plan that supports your financial goals provides a clear sense of direction. It should include a realistic budget and spending plan that fits your personal lifestyle and prioritizes items accordingly.

3.They are financially educated. Understanding money and credit, including your credit report, interest rates, and how to protect yourself from scams and fraud, are key elements of success.

4.They know the value of saving. Money set-aside for a rainy day, an emergency, or even the holiday shopping season will protect your budget and credit card balances from any temporary setbacks. Building savings for the future will also help develop good financial spending habits.

5.They are confident. Don’t get discouraged by temporary setbacks. Success begins with a state of mind; you must believe you’ll be successful in order to become a success. Your road to financial freedom doesn’t have to be perfect. You can ‘try again’ as many times as needed.

Building a secure financial future is hard work, but the payoff is true financial freedom. Work hard and make all the necessary sacrifices to get what you want to become a financially successful person.

The 3 Vital Ingredients Of A Financial Success System That Works

At some level we are all seeking some sort of success. When it comes to financial success however, you almost enter a completely different domain. Whereas most people will admit to their desire for financial success, very few of them would ever make the effort to actively pursue financial it. It’s much easier to just get an ‘o.k’ job and work for money. An interesting study revealed just how people are spread though the financial spectrum of society.

Out of a group of 100 people who all start of equally at the age of 25, 1 will be rich,
4 will be financially independent, 5 will still be working, and 54 will be broke by the time they reach 65. If you are someone seeking a financial success system you are already in the top 5% as you are actually looking and seeking financial success and independence. It’s important to ask yourself why you want financial success – we all want it for different reasons, but it’s the reasons that will give you the motivation to actually follow through and reach your goal.

The main underlying reason why most people want financial success is the fact that no one else will have a claim on your time or your money. Total financial freedom gives you the ability to do what you want, when you want it, with whomever you want and as much as you want. From this perspective, I believe that financial success is your birthright – we are not meant to strive through life and be bogged down by shortage and lack. We are born into abundance and we are meant to be, do and have whatever we desire. This is what an abundant life looks like and you simply need to ‘tap’ into this world of abundance. It’s not reserves for a few select or privileged people. Anyone can create any amount of financial success, you simply need to find the right strategy…and there are many out there.

The world is full of financial success systems. Nearly every major brand is nothing but a system. So, what is a system? A system is a method that produces consistent and predictable results. Whether it be Burger King or Nike, it’s all about the system that can be reproduced to produce similar (predictable) results. But, you don’t have to be the next Walmart to reach your financial success. You simply need to find a system that you can reproduce to create your own level of financial success, regardless of what that might mean to you.

With the internet and all the new forms of media there are countless so-called ‘financial success’ systems on the market. It seems like everybody promises instant financial success with almost no effort. The challenge is that very few of these actually produce a penny and you end up enriching someone who only sells dreams. However, there are financial success systems that really DO work and that can help you to reach your financial goals. Here are three fundamental things to look out for before investing in a financial success system:

1. Make Sure It’s Doable

Before you purchase a financial success system, make sure that it’s doable for you. You know what you are capable of and also what you are willing to do. This does not mean that you shouldn’t be willing to stretch yourself. There is a price to pay for financial success and you should be willing to do some new things. Make sure that the system is based on something that you like, or at least something that you are interested in. You don’t want to replace your job with something that you hate even more. Making money should be fun!

2. Make Sure Your Source Is Reliable

It’s very simple: don’t buy a financial success system from someone who hasn’t done it themselves or even worse, someone who makes their money selling you on how to make money. Make sure that the person who put the system together has ‘been there and done that’ and more importantly, make sure that they can actually teach you to do the same. It’s one thing to make a couple of million dollars, but quite another teaching others how to duplicate your results effectively.

3. Make Sure That The System Is Based On Sound Strategies

Every now and again some fly-by-night money making scheme comes along. Everybody gets on board, some make money, but most crash and burn. These ‘schemes’ never last long term. Financial success is not a short term solution, nor should it be. Make sure that the system you invest in is based on sound financial principles and proven strategies for creating wealth – long term.

You don’t have to reinvent the wheel when it comes to creating financial success and independence for yourself. There are many brilliant people that make it their mission in life to develop these systems. You can learn from them and most of them are more than willing to share their secrets and help others. Investing in a reliable financial success system can proof to make all the difference in your life. Making money is like applying a recipe – follow it and you can create a predictable result. Now go and find a recipe and create your financial freedom.