You can achieve almost anything in life…As long as you focus on achieving one thing at a time. It’s a time-tested strategy that’s been shared by many successful people.
Gary Keller and Jay Papasan even wrote a whole book about this simple idea. But don’t let the simplicity of this idea fool you. It’s one of the hardest things to implement in your life.
Last year, I published an article about focusing on one thing called “The Power Of Compounding.” I’ve received dozens of questions about it like, “I get the idea. But I struggle with putting it into practice.”
That’s because we, human beings, are fickle. Our desires are constantly changing. We pursue new things before we finish our old goals.
We’re dealing with an invisible force that is always trying to confuse us. Instead of focusing on one thing at a time, we set multiple goals, and think we can multitask ourselves to achieving them.
What’s your personal finance strategy? If you asked me a few years ago, I would probably laugh it off: “I’ll leave that for tomorrow.”
Dumb move. If you don’t have a personal finance strategy, there’s a chance you will never get wealthy. The average millennial earns $40-$50K a year and has $20-$40K in student debt.
But the high achieving millennial earns up to 7X more than the average. The same is true for people of all ages. The difference between average earners and above-earners is huge.
Once I realized that, I got serious about money. But I didn’t focus on making more money—a mistake that many of us make. We always think more cash is the solution to everything.
“All my problems will be solved once I have a little bit more cash on hand.” Sorry to disappoint you, but that will never happen. As your bank account grows, your problems will too.
What’s a big goal or dream that you have? Do you want to start a business? Become a fulltime author? Travel the world? Become financially independent? Change careers?
I bet you’ve thought about it, and at some point thought, “I’m not sure I can achieve that.”
If you’re anything like me, you always think about risks that are involved with making a big move in life. And that’s not a surprise. We’re collectively risk averse. We truly hate risk. I’ve never met someone who said, “I love to lose everything!”
But what can we do about our risk aversion? If you think about it, most of us are put off by fear. You think of doing something, consider the risks, and decide not to do it. Here are some examples.