8 Tips For Your Financial Success - Part 2
Here are the tips coming 4 and 5 for your financial success.
Tip 4: Take responsibility for your own financial success
Many people want to be rich, but many want to take any responsibility for ensuring that this wish will really come true. To be successful, but must assume the responsibility for himself, his desires and goals. To be successful, the Keep Doing the blame and reasons for failure or failure in others, the current situation or the company to look for. Only if we always begin with ourselves, we can control our lives and indeed in the direction in which we want to have it.
If you want to be financially successful, there are three key questions that you can ask again:
Sit quietly repeatedly dealt with these important questions and collect possible answers in writing. The emphasis in each of these issues is the word I. So what can you do?
A note about this: to begin with oneself does not mean that you are not allowed to seek help. The support of other people is very important if we are to succeed. But in terms of an autonomous life, you must also deal with the active help of other people.
Tip 5: Contact your financial goals
If we do not set goals, we leave our success to chance. Goals by combining our attention on what we want, thus increasing the likelihood that our life will develop in the direction in which we would wish. This also applies to the financial sector.
Before we set a financial goal, but you should ask yourself again:
How much money do I need?
For this, a little exercise:
Exercise: cash requirements for different lifestyles determine
For many people it is a real dream to become live on the interest of your own credit may no longer need to work. To help you get the to your destination, you must first find out how much money you need for the preservation of your desired lifestyle. Here, of course, very different lifestyles are possible.
First you need an overview of what your respective lifestyle monthly costs. Ask all of your monthly expenses, etc. together, but also money for vacations, major purchases Expect everything to be monthly amounts. For a sophisticated lifestyle might look like:
At the end you get the amount you need per month to in the example, lead to an "upscale life." If you accept this sum by 150, you have about the amount you need to live off the interest. At 5,400 EUR per month which would therefore be 810,000 EUR. This amount you would have to save up so in order to live with this "smart set" of the accumulating interest.
Please note: The example is not meant to suggest statement that the tips in this article apply only to Bessererdienende. The calculation can be carried out with each month's total. This example should rather encourage, because if you see that you will spend less money every month, so is the total amount that you need less and thus attainable.
Basically, it is very important to the lifestyle you aspire to. The more you expect on a material level, the higher the amount you need to live off the interest and accordingly you may need a smaller amount if you do not need so many things. Here you have lots of ways to reduce this amount. You can calculate this account with any amount of money monthly and play as different scenarios for lifestyles.
But you have the quiet courage to mentally calm imagine sometimes sums at the moment may not be entirely realistic for you.
With this exercise, so you can find out how much money you need if you want to live off the interest. Such a sum could be your financial goal.
Set a financial goal. Write now equal to:
On .......... I own ............. EUR.
Tip 4: Take responsibility for your own financial success
Many people want to be rich, but many want to take any responsibility for ensuring that this wish will really come true. To be successful, but must assume the responsibility for himself, his desires and goals. To be successful, the Keep Doing the blame and reasons for failure or failure in others, the current situation or the company to look for. Only if we always begin with ourselves, we can control our lives and indeed in the direction in which we want to have it.
If you want to be financially successful, there are three key questions that you can ask again:
- What can I do now to be financially successful?
- What can I do tomorrow to succeed financially?
- What actions, mindset and attitudes I had to accustom myself to long-term financial success?
Sit quietly repeatedly dealt with these important questions and collect possible answers in writing. The emphasis in each of these issues is the word I. So what can you do?
A note about this: to begin with oneself does not mean that you are not allowed to seek help. The support of other people is very important if we are to succeed. But in terms of an autonomous life, you must also deal with the active help of other people.
Tip 5: Contact your financial goals
If we do not set goals, we leave our success to chance. Goals by combining our attention on what we want, thus increasing the likelihood that our life will develop in the direction in which we would wish. This also applies to the financial sector.
Before we set a financial goal, but you should ask yourself again:
How much money do I need?
For this, a little exercise:
Exercise: cash requirements for different lifestyles determine
For many people it is a real dream to become live on the interest of your own credit may no longer need to work. To help you get the to your destination, you must first find out how much money you need for the preservation of your desired lifestyle. Here, of course, very different lifestyles are possible.
First you need an overview of what your respective lifestyle monthly costs. Ask all of your monthly expenses, etc. together, but also money for vacations, major purchases Expect everything to be monthly amounts. For a sophisticated lifestyle might look like:
At the end you get the amount you need per month to in the example, lead to an "upscale life." If you accept this sum by 150, you have about the amount you need to live off the interest. At 5,400 EUR per month which would therefore be 810,000 EUR. This amount you would have to save up so in order to live with this "smart set" of the accumulating interest.
Please note: The example is not meant to suggest statement that the tips in this article apply only to Bessererdienende. The calculation can be carried out with each month's total. This example should rather encourage, because if you see that you will spend less money every month, so is the total amount that you need less and thus attainable.
Basically, it is very important to the lifestyle you aspire to. The more you expect on a material level, the higher the amount you need to live off the interest and accordingly you may need a smaller amount if you do not need so many things. Here you have lots of ways to reduce this amount. You can calculate this account with any amount of money monthly and play as different scenarios for lifestyles.
But you have the quiet courage to mentally calm imagine sometimes sums at the moment may not be entirely realistic for you.
With this exercise, so you can find out how much money you need if you want to live off the interest. Such a sum could be your financial goal.
Set a financial goal. Write now equal to:
On .......... I own ............. EUR.
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