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10 Signs That Tell You’ll Be Rich Even If You’re Not Born in a Well-Off Family

10 Signs That Tell You’ll Be Rich Even If You’re Not Born in a Well-Off Family

I’ve been obsessed with money since I was a kid. Not in a scary way, I’ve always known not to worship it or anything, but I caught on quickly to the importance of a dollar.

I loved my allowance and I always looked forward to making extra (the tooth fairy was very generous). Good grades meant good earnings, so I slaved away over homework. As I grew up, I sometimes forgot how long it took to earn a certain amount, and it would lead to me spending my money recklessly. If you want a lesson in economics, spend poorly; you’ll quickly figure out how important saving money is.

Now I work hard and take on all kinds of side-jobs so that I don’t have to stress about cash. I budget myself strictly and I have healthy savings accounts. Sure, some people are born into money, but for those of us who have to work for it, there’s added satisfaction when you balance your checkbook and see all those numbers.

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You really can become a millionaire. It just takes time.

No matter how measly your salary or hourly pay may be, there are ways to invest and earn that can quickly up your status from peasant to prince. The trick is knowing how to do it and what steps to avoid. Sure, you could go out and waste money on books claiming to make you rich quickly, but why? I’m here to provide a list of (free) solutions.

If you have these 10 qualities, congratulations! You’ll probably be rich in the future.

You have a clear life purpose.

This doesn’t mean you wake up every day with the intention of making tons of money. It means you know what you want and you know how to work hard. For me, I knew I needed to spend more wisely, so I confided in a friend who had done really well, financially. With her help, I created a spreadsheet that I could use to track my spending. I swear by this budget and update it daily. When I know I want to set aside X amount into my savings account every month, it’s a clear goal I can work toward and visualize with my budget.[1]

You don’t look for a quick fix; you’re patient.

I’ve seen so many programs claiming to make you millions of dollars overnight. The headlines are usually something like, “Try this crazy tip and double your profit instantly!” While that may sound awesome, it also seems impossible. And for good reason. It takes time to create wealth. In fact, in one study, 52% of participants didn’t attain wealth until age 56. Sure, it may seem easier to spend $100 on that purse you’ve been eyeing than to reserve $100 in savings. But is that quick dopamine hit really better than the long-term happiness a secure savings account will bring you?

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You take calculated risks.

This doesn’t mean you should buy a lottery ticket whenever the jackpot is over a million dollars. Instead, it means you should know how to invest your money and pursue opportunities. If you don’t feel ready to work with a financial advisor or investor just yet, ease into it. There are plenty of free apps out there that help you learn to invest like a pro. Start there!

You’re highly resilient and never give up when there are setbacks.

When it comes to investing in yourself and your future, sometimes it can feel overwhelming and borderline impossible. When you have that voice in your head telling you to be fearful and give up, overcome it! Remember, this is a long-term commitment to your own financial success. It may be scary, but it’s all about your future.

You are open-minded and can see things from different perspectives.

No one ever made money by keeping their head down and avoiding change. When you are enthusiastic about new ideas and opinions, you begin to grow. Only with this kind of growth does success occur.

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You are frugal, but still giving.

When you’re trying to save and be thrifty, it can feel challenging to give to others, even charity! But there’s a difference between being cheap and being smart with your spending. Give time and money when it comes to things you’re passionate about. Spreading wealth is a great way to have it returned to you by the universe.

You finish what you start and seldom make excuses.

You don’t make money or become successful by coming up with reasons to stop working hard. Take accountability for yourself and your actual accounts. You are the only one controlling your future. Be smart about it and don’t quit.

You work hard instead of only looking for shortcuts.

If you’re always looking for sly ways to get out of something and still make money, then here’s a spoiler alert for you: you will fail. You have to be willing to work hard and put in the effort. And why wouldn’t you? Don’t you want to earn money?

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You invest in valuable things.

I’m not just talking about stocks and bonds here. When you’re trying to become a successful and wealthy individual, you have to invest in the things you hold dear. This also includes mistakes (which I’ll explain in the next point).

You are not afraid of making mistakes.

Mistakes are valuable! They teach you. No one likes to make a mistake, as it so often makes us feel like we failed somehow. But have you ever made a mistake and not learned something from it? Mistakes, no matter how frustrating, are a great teaching tool if we are wise enough to take advantage of them. When it comes to our financial success, mistakes can hit hard, but I can guarantee you won’t make the same one twice.

You don’t have to be a genius to be rich.

At the end of the day, it’s about common sense. Spend and invest wisely and don’t get hung up on trends or bad advice. Know yourself and your goals and aim to achieve everything you want and more. Instead of hoping to become a multimillionaire, set attainable goals. Maybe you want to save $1,000 in your savings account by your birthday. Perhaps you want to open a 401k for the first time. Whatever it is, set that intention and follow through. Maybe your friends need to help keep you accountable. No matter what it is, figure out what gets you to your goal and don’t quit. And hey, don’t forget about us little people when you’re rolling around on that mattress of cash.

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Heather Poole

Heather shares about everyday lifestyle tips on Lifehack.

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Last Updated on September 28, 2020

How to Create an Action Plan and Achieve Your Personal Goals

How to Create an Action Plan and Achieve Your Personal Goals

There’s no denying that goals are necessary. After all, they give life meaning and purpose. However, goals don’t simply achieve themselves—you need to write an action plan to help you reach your goals.

With an action plan, you’ll have a clear idea of how to get where you want to go, what it will take to get there, and how you’ll find the motivation to keep driving forward. Without creating a plan, things have a way of not working out as you waver and get distracted.

With that in mind, here’s how you can set goals and action plans that will help you achieve any personal goal you’ve set.

1. Determine Your “Why”

Here’s a quick experiment for you to try right now: Reflect on the goals you’ve set before. Now, think about the goals you reached and those you didn’t. Hopefully, you’ll notice a common theme here.

The goals you were successful in achieving had a purpose. Those goals you failed to accomplish did not. In other words, you knew why you put these goals in place, which motivated you to follow through.

Simon Sinek, author of Find Your Why: A Practical Guide for Finding Purpose for You and Your Team, explains:

“Once you understand your WHY, you’ll be able to clearly articulate what makes you feel fulfilled and to better understand what drives your behavior when you’re at your natural best. When you can do that, you’ll have a point of reference for everything you do going forward.”

That, in turn, enables better decision-making and clearer choices.

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I’ll share with you a recent example of this in my life. Earlier this year, I decided to make my health a bigger priority, specifically losing weight. I set this goal because it gave me more energy at work, improved my sleep, and helped me be a better father—I really didn’t care for all that wheezing every time I played with my kids.

Those factors all gave me a long-term purpose, not a superficial short-term goal like wanting to look good for an event.

Before you start creating an action plan, think about why you’re setting a new goal. Doing so will guide you forward on this journey and give you a North Star to point to when things get hard (and they inevitably will).

2. Write Down Your Goal

If you really want to know how to create an action plan for goals, it’s time to get your goals out of your head and onto a piece of paper. While you can also do this electronically through an app, research has found that you’re 42% more likely to achieve your goal if it’s written down[1].

This is especially true for business owners. If they don’t schedule their time, it’ll be scheduled for them.[2]

When you physically write down a goal, you’re accessing the left side of the brain, which is the literal, logical side. As a result, this communicates to your brain that this is something you seriously want to do.

3. Set a SMART Goal

A SMART goal pulls on a popular system in business management[3]. That’s because it ensures the goal you’ve set is both realistic and achievable. It can also be used as a reference to guide you through your action plan.

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Use SMART goals to create a goal action plan.

     

    By establishing a SMART goal, you can begin to brainstorm the steps, tasks, and tools you’ll need to make your actions effective.

    • Specific: You need to have specific ideas about what you want to accomplish. To get started, answer the “W” questions: who, what, where, when, and why.
    • Measurable: To make sure you’re meeting the goal, establish tangible metrics to measure your progress. Identify how you’ll collect the data.
    • Attainable: Think about the tools or skills needed to reach your goal. If you don’t possess them, figure out how you can attain them.
    • Relevant: Why does the goal matter to you? Does it align with other goals? These types of questions can help you determine the goal’s true objective — and whether it’s worth pursuing.
    • Time-bound: Whether it’s a daily, weekly, or monthly target, deadlines can motivate us to take action sooner than later.

    Learn more about setting a SMRT goal here: How to Set SMART Goal to Make Lasting Changes in Life

    4. Take One Step at a Time

    Have you ever taken a road trip? You most likely had to use a map to navigate from Point A to Point B. The same idea can be applied to an action plan.

    Like a map, your action plan needs to include step-by-step instructions on how you’ll reach your goal. In other words, these are mini goals that help you get where you need to go.

    For example, if you wanted to lose weight, you’d consider smaller factors like calories consumed and burned, minutes exercised, number of steps walked, and quality of sleep. Each plays a role in weight loss.

    This may seem like a lot of work upfront, but it makes your action plan seem less overwhelming and more manageable. Most importantly, it helps you determine the specific actions you need to take at each stage.

    5. Order Your Tasks by Priority

    With your action steps figured out, you’ll next want to review your list and place your tasks in the order that makes the most sense. This way, you’re kicking things off with the most important step to make the biggest impact, which will ultimately save time.

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    For example, if you have a sedentary job and want to lose weight, the first step should be becoming even a little more active. From there, you can add more time to your workout plan.

    The next step could be changing your diet, like having a salad before dinner to avoid overeating, or replacing soda with sparkling water.

    Learn these tips to prioritize better: How to Prioritize Right in 10 Minutes and Work 10X Faster

    6. Schedule Your Tasks

    Setting a deadline for your goal is a must; it prevents you from delaying the start of your action plan. The key, however, is to be realistic. It’s highly unlikely, for example, that you’ll lose 20 pounds within two weeks. It’s even less likely that you’ll keep it off.

    What’s more, you should also assign tasks a start and end date for each action step you’ve created, as well as a timeline for when you’ll complete specific tasks. Adding them to your schedule ensures that you stay focused on these tasks when they need to happen, not letting anything else distract you.

    For example, if you schedule gym time, you won’t plan anything else during that time frame.

    Beware the temptation to double-book yourself—some activities truly can be combined, like a run while talking to a friend, but some can’t. Don’t trick yourself into thinking you can both write and catch up on Netflix simultaneously.

    While you can use a paper calendar or planner, an online calendar may be a better option. You can use it to set deadlines or reminders for when each step needs to be taken, and it can be shared with other people who need to be in the know (like your running buddy or your mentor).

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    7. Stay on Track With Healthy Habits

    Without healthy habits, it’s going to be even more challenging to reach your goal. You could hit the gym five days a week, but if you’re grabbing burgers for lunch every day, you’re undoing all your hard work.

    Let’s say your goal is more career-oriented, like becoming a better public speaker. If you practice your speeches at Toastmasters meetings but avoid situations where you’ll need to be unrehearsed—like networking gatherings or community meetings—you’re not helping yourself.

    You have to think about what will help transform you into the person you want to be, not just what’s easiest or most comfortable.

    8. Check off Items as You Go

    You may think you’ve spent a lot of time creating lists. Not only do they help make your goals a reality, but lists also keep your action plan organized, create urgency, and help track your progress. Because lists provide structure, they reduce anxiety.

    There’s something else special about lists of tasks completed. When you cross off a task in your action plan, your brain releases dopamine[4]. This reward makes you feel good, and you’ll want to repeat this feeling.

    If you crossed out on your calendar the days you went to the gym, you’d want to keep experiencing the satisfaction of each bold “X.” That means more motivation to go the gym consistently.

    9. Review and Reset as Necessary

    Achieving any personal goal is a process. Although it would be great if you could reach a goal overnight, it takes time. Along the way, you may experience setbacks. Instead of getting frustrated and giving up, schedule frequent reviews—daily, weekly, or monthly—to see how you’re progressing.

    If you aren’t where you’d hoped to be, you may need to alter your action plan. Rework it so you’re able to reach the goal you’ve set.

    The Bottom Line

    When you want to learn how to set goals and action plans—whether you want to lose weight, learn a new skill, or make more money—you need to create a realistic plan to get you there. It will guide you in establishing realistic steps and time frames to achieve your goal. Best of all, it will keep you on track when you stumble, and we all do.

    More on Goal Action Plans

    Featured photo credit: Estée Janssens via unsplash.com

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