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Published on April 30, 2020

What It Means To Have A Successful Life And How To Have One

What It Means To Have A Successful Life And How To Have One

Sometimes it only takes one event in life to get you to ask an important question: “What does it take to have a successful life?”

It seems like a simple question, but the more you dig into it the more complex it becomes. For example, success isn’t as simple as winning. It can mean one thing to one person and something else for another.

That being said, throughout history, those who have become successful have had specific themes in their lives. Sometimes they needed a mentor or an important figure in their lives. Others had a particular mindset.

With this in mind, let’s explore what it means to live a successful life and how you can obtain it.

What It Means to Be Successful

Before diving in further, let’s explore Maslow’s Hierarchy of Needs. It’s a motivational theory in psychology that consists of five tiers.

The first four tiers are simple: physiological needs, safety, a place to belong, and esteem needs.

The last tier is where you want to focus right now: self-actualization.

Self-actualization is the idea that there is more to life and that we aspire to a purpose. Whatever this purpose is, we’ll be pursuing it to feel whole. When it comes to a successful life, it’s easy to say that self-actualization is merely satisfying four aspects of our lives.

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These are the four pillars that create our success:

  • Personal health
  • Strong relationships
  • Financial security
  • A passion for your work

1. Personal Health

Personal health is one of the pillars because, as we get older, things start to function not as they should or would normally. We begin to lose our strength as we pick up unhealthy habits.

Not only that, but the negative aspects of poor health impact many areas of our lives. Furthermore, if you want to help others (yourself included), you need to have strong mental and physical health.

That’s not to say you need to be incredibly buff, but rather physically capable to do what you want to do.

2. Strong Relationships

From romantic partners to friends and other connections, we all have social needs.[1] When it comes to romantic partners, it’s important that they complement you, your goals, and the life you want to live and how you want to live it. You want them to support you in your search for a successful life.

This mentality also applies to other connections. Strong relationships form when both people are getting something out of these relationships.

3. Financial Stability

Financial stability doesn’t mean the same as being rich. Having financial stability can mean being comfortable living with what you have right now or living within your own means.

The whole idea here is focusing on the things in your life you do have over what you don’t. This changes your perspective as you won’t be focused on accumulating items for the sake of it.

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Another way you can look at this is similar to retirement. Retirement is the idea of living with the money you have and still supporting the life you want without working as much.

4. Passion for Your Work

The final pillar is passion for your work. Being passionate about something is huge, but it can be difficult to pin down to specifics. When you start thinking about what your passion is, you will probably discover several topics or ideas that drive you.

Whatever you decide to go for is up to you, but you want to make sure that it allows financial stability in due time. Overall, your work should:

  • Get you out of bed in the morning.
  • Be something that makes you excited and gives you energy.
  • Be something that you know you’ll enjoy doing for many years to come.

How to Have a Successful Life

With the four above pillars in mind, you have an overarching view of what it means to have a successful life. And while all of these things are simple on the surface, these aspects aren’t always so simple to achieve.

Some of these things can take a few years or more to achieve, depending on where you are in life. However, there are some specific traits to help you along the way.

When you develop these particular traits, obtaining your successful life will become easier in many ways. We know this because these are habits and traits that many people have portrayed time and again to obtain a successful life.

1. Self Belief

The first is an obvious one, but it’s one that can be left behind when you face challenges. During those times it can be easy for us to give up and stop doing what we’re doing.

When we have self-belief, believing that we’ll have a successful life is powerful. After all, how we view ourselves is a big contributor to whether we will succeed or fail.

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2. Setting Goals

Another habit is the idea of setting goals. Everyone needs goals as these are treated as your compass and give you a direction to work in.

I would, however, encourage going beyond setting goals. Instead, try focusing on systems. James Clear, the author of Atomic Habits[2] realized over time that the goals that he was setting weren’t the source of his success.

Instead, it was the systems that he put in place.[3]

For example, if you’re a musician, you’ll set a goal like learning a new piece once per week. To make that goal a reality, you’ll develop a system. You’ll practice daily for an hour or two and begin looking for feedback regularly.

Another example goal is improving your relationship with your spouse. A system for that is perhaps researching relationship tips and applying some of them within the relationship soon after.

Creating these systems can ensure that you achieve your goals so long as you develop that habit and stay consistent with it. As you can also tell, these systems can apply to various parts of our lives.

3. Time Management

Another valuable skill for a successful life is time management. Everyone has 24 hours in a day and can only do so much in it. Time is the most important resource in our entire lives and shouldn’t be squandered.

There are several ways to manage your time, of course. One of the tried and true methods to stick to is having a schedule or a system in place to give you tasks.

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Similar to a day job, there is a structure and things flow well because people go to work and immediately know what they need to be doing. This time management trick works the same way. If you know what needs to get done or what you want to work on, it’s easier to get into it as opposed to pondering what’s next.

Time management also entails knowing what is worth your time. This is a skill that is built up over time and comes with experience. It’s a valuable skill, and one of the ways to develop it is looking at the amount of work and effort that needs to go into a task versus the potential rewards you can get from it.

4. Money Management

The second most valuable resource is money. Whether you like it or not, money is often needed in order to live a successful life. Money is what we need to survive.

However, the key to it is knowing how much you need in order to live that life. It’s a similar idea to retirement, where you’re living the life you want without working as much.

To improve money management, you’ll want to learn financial lingo and create a budget to stick to. It’s not a matter of being conservative but being able to live within the means of your lifestyle.[4]

When you’re not lacking money, it’s easy to spend money without thought and enter financial arrangements where you don’t know what you’re getting into. So many people go into massive debt without considering financial alternatives or considering whether something is worth investing in.

To avoid these situations, put together budgets and take note of your spending habits and other behaviors.

The Bottom Line

Success isn’t defined entirely by what you read in a book. Every person has their own definition and views of success. I believe that we can agree, though, that satisfying these core principles is important to everyone.

If we are healthy, we can enjoy our success. If we’re around people we love, it makes the road to success easier. When we are financially stable, we can afford to live the way we want to live. Finally, when we have a passion for our work, we will continue to prosper.

More Tips on Creating a Successful Life

Featured photo credit: Marvin Meyer via unsplash.com

Reference

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Leon Ho

Founder & CEO of Lifehack

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Last Updated on October 28, 2020

How to Set Long Term Goals and Achieve Success

How to Set Long Term Goals and Achieve Success

Have you ever wondered what you life is going to be like in 5 or 10 years? Will you be doing the same things you are today? Have you taken the time to envision the future through long term goals?

There are only three possibilities for your life in the future:

  1. It will be the same.
  2. It will be worse.
  3. It will be better.

There really is no other choice, so realizing this, which option will you choose?

If you choose option 3, then being able to set long term goals is the best way to ensure that you’ll get to where you want to go.

What Is a Long Term Goal?

A long term goal is what you are planning to achieve in the long-run or in the future.

Where do you want to be in five years[1]?

Everyone has a plan for their life. We all imagine what our future will look like, what we will be doing, how we will be living, and even who we will be living with.

While things rarely work out exactly as planned, it is nonetheless important to set long term goals and work toward them. Without long term goals, we are just wandering aimlessly through life.

The most successful people know the power of goal setting and how to break down larger goals that may take years to achieve into a series of smaller, short-term goals that will keep you focused and motivated.

How to Set (and Reach) Your Long Term Goals

Do you suffer from paralysis by analysis? It’s a common condition that happens when people are faced with a lot of options.

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When faced with too many options, they become obsessed with choosing the “right” one and never make a decision.

Likewise, when faced with a seemingly overwhelming task, they may never even start because they “just don’t know where to begin.”

Before we get started with some tips to help you, you can check out this video on setting goals for success:

By following these 7 easy steps, you can set and achieve almost any long term goal, no matter how big or small it is.

1. Make Goals, Not Wishes

Who hasn’t thought about winning the lottery or inheriting a lot of money from a rich relative? While there is nothing wrong with daydreaming about these things, they are not goals.

A goal should be something that you can work towards during a period of time, not something that falls into your lap through luck.

A goal is “I want to have a business that makes one million dollars a year within five years,” not “I want to win the mega millions within five years.”

2. Be Specific

Remember when you were young and a grown up would ask, “What do you want to be when you grow up?”

No one ever said I want to work in the medical field or in government. You said I want to be a doctor, the President, or a policeman. These were specific goals that we had as kids, and while most of us didn’t end up astronauts or presidents, we still pictured ourselves in these very specific roles.

When you are setting long term goals for your life and career, it’s important to be as specific as possible. Get into detail about what you want, and think about it in very concrete terms.

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Instead of saying “In five years, I want to be rich,” think about what that really means to you and what it would look like. Having a more specific goal would be, “In five years I want to own a Ferrari, live in an upscale neighborhood, and be making enough money to take a two week vacation to Europe every year.”

Having specific goals makes measuring your progress more easily. You know you reached you goal to have a Ferrari if you look in the garage and see one. It’s much harder to gauge if you are “rich,” as rich is always a moving target.

3. Write Down Your Goals

A goal that’s not written down is just a wish. Please do not neglect this step!

As humans, we are prone to daydreaming and wishful thinking. We need to take concrete steps to realize our goals.

When you set long term goals, you need to write them down. This single act will take your goal out of the realm of the mind and into the physical (real) world[2].

Just by taking this step, your odds of achieving your goal go up tremendously.

4. Break Down Your Long Term Goal Into Smaller Goals

It can seem overwhelming to say, “In five years, I’ll have a business that makes one million dollars per year.”

How do you get from not having a business at all to having one that makes a million dollars per year? The answer is the same way you’d eat an elephantone bite at a time.

Once you have decided on your long term goals, you’ll then need to break them down into a series of short term goals.

In our business example, you’ll first need to do some research on a business you can start in your spare time. There are a lot of options out there that don’t necessarily take a lot of time or money to get started.

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Then, you’ll want to get competent in the business by taking training courses and networking with others who are already successful in the business.

Once you have a good foundation, it’s time to get started. Launching the business will be the scariest and most rewarding day of your life, but you’re still not close to making a million dollars per year, so break it down some more.

Your first-year goal may be to earn $50,000. Your second year, you’ll want to earn $150,000. From there, you’ll basically need it to double each year in order to reach one million dollars in five years. 

Each of those years can be broken down into smaller goals until you realize you need to make $149 per day. You can break it down even further to say you need three sales per day to make the $149.

At first, you may have no sales, but by experimenting with various marketing strategies that you learned earlier, the sales will start coming in. Then, it’s just a matter of fine tuning your marketing efforts and building on your successes.

5. Remember Your Long Term Goals

You have set your long term goals and even written them down.

Now, don’t just put them in a drawer. We need to have a constant reminder of why we are doing this. Your long term goals should be displayed somewhere prominent (for you). You don’t need to hang them over the fireplace, but they should be placed where you can see them every day.

Things go wrong, and issues and problems arise that no one can see. It’s during these times that remembering your long term goals is important.

6. Reevaluate and Adjust

You should always be looking for ways to improve what you are doing, but it’s especially important in this new internet age. We don’t have to look very far to see how quickly things can change. You must be willing to change course or be left behind.

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Setting long term goals

    Getting back to your growing business, the marketing that got you to $600,000 per year might not be the marketing that gets you to your long term goal of one million dollars per year.

    Always keep your goal in mind, but always be willing to adjust course to get to it.

    7. Don’t Give up

    Realize and understand that the road to success is never straight. You will inevitably come up against obstacles and barriers to your goals. This is not the time to quit.

    In fact, coping with the obstacle or finding a way around the barrier leads to more success than anticipated. Always remember, the only sure way to fail is to quit.

    You can learn more on how to overcome challenges you may face in this article.

    Final Thoughts

    Fear of failure

    is the number one reason most people will never become as successful as they could be. Change is a scary thing, and it’s not easy for people to get out of their comfort zone. Most people won’t unless they have to or they perceive that the reward is worth the risk.

    By setting long term goals and then breaking them down into smaller goals that are easily achievable, you have created your own personalized road map to success.

    And while that long term goal of making a million dollars a year seems insurmountable, the short term goal of making $149 is easily doable.

    While the road to achieving your goals is never a straight line, and there will always be detours and bumps in the road, embrace these things, as they are all part of the journey.

    More Tips on Setting and Achieving Goals

    Featured photo credit: Bench Accounting via unsplash.com

    Reference

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