6 Lessons for Achieving Financial Success
Most people relate financial success to the technical knowledge possessed in some area of expertise.
Whether with investments in itself or some other skill that can bring a financial return.
However, the truth is that more than 80% of success is determined by your mind, psychological and emotional factors.
You need to have the right mindset .
In other words, the right way of thinking.
Certainly having well-developed technical skills will help you a lot on this journey.
But to achieve goals, it is essential to have control over your emotions.
So, in this article I want to present you with 6 lessons to achieve financial success.
Lessons that are more related to the ways of thinking and acting that are necessary to achieve the expected results.
Financial Success Lesson 1: Develop the Right Mindset
Financial success is not a matter of luck or chance.
What sets successful people apart from others is their mindset .
Their way of thinking is what makes them achieve extraordinary results and profit more and more.
Many people give up investing or don’t even start because of fear.
Since it’s something they’ve never heard of, they’re afraid of losing money and don’t move on.
In this way, they end up keeping only what they know, in traditional investments, such as savings .
There are things that stop most people from looking for something better, usually in their quest for financial independence .
These are called limiting beliefs .
Most of the population does not believe that they are capable of achieving a better living condition.
Many people think that because they were born into a certain financial condition, they won’t be able to get very far from where they are.
But that’s not true.
This is a limiting belief that keeps people from thriving.
There are individuals that when they look at someone successful, someone with money.
They think to themselves: “ah, he must have robbed or walked over someone to get where he is”.
This is another limiting belief.
Because whenever you see someone successful, you associate that person with something bad.
In this way, unconsciously you are blocking the possibility of you becoming a successful person.
Therefore, the first lesson of this article is: create the right mindset and eliminate your limiting beliefs .
Believe in yourself and your potential.
The more you can shape your emotions in your favor, the greater the results you will achieve.
In this way, it will be possible to achieve financial success .
Financial Success Lesson 2: Step Out of Your Comfort Zone
Nobody likes to step out of their comfort zone.
Most people are already used to their routine.
And as much as things are not exactly the way they would like, they don’t try to change.
After all, it’s risky to make some radical change in your life, isn’t it?
Even more so when things are comfortable this way. We have no way of knowing what will happen.
However, all people who have achieved financial success have taken risks at some point in their lives.
The secret is to take controlled risks.
But taking risks requires stepping out of your comfort zone.
Realize that you are going to start something completely new and don’t put off the decision to start now .
Don’t wait for excuses to pop into your head that will distract you from that goal.
Just because things aren’t bad doesn’t mean you shouldn’t start changing right now.
After all, you know what’s more dangerous than a bad life?
It’s a life more or less.
Because when things are really bad, you move and go in search of something better.
Now in a more or less life, as much as things aren’t quite the way you wanted, they’re not bad either. So you don’t feel uncomfortable enough to change.
But that’s exactly what I don’t want to happen.
I don’t want you to wait for things to get bad to start moving.
So what I want to get across with this lesson is: come up with a plan , get out of your comfort zone and take risks .
Because no one achieves financial success without stepping out of their comfort zone.
Financial Success Lesson 3: Take Responsibility
People who have achieved financial success know that they are responsible for their own actions.
As long as you don’t believe this, you are dependent on circumstances.
By taking responsibility, you are able to change outcomes.
You have to accept that anything that happens in your life is entirely your responsibility.
You are responsible for where you are today, and only you are able to change and go after your dreams.
Anyone looking for blame for the problems they face is saying that they have no control over their own life.
We need to stop complaining about the things that happen in our lives and stop blaming others.
Because the moment we see that the responsibility is ours, we have reasons to implement the necessary changes.
In this way it is possible to take the initial steps towards achieving financial success .
Financial Success Lesson 4: Avoid Beginner’s Mistakes
Of course, making mistakes is part of the path.
Surely you have already made and will still make mistakes.
But one thing that will greatly shorten the journey to financial success is avoiding rookie mistakes.
And one of the main mistakes of novice investors is the lack of information .
Research and study the financial market before investing.
It doesn’t matter which channels you go for information, but surround yourself with good mentors, people you trust and who show mastery of the subject.
Once you’re surrounded by good mentors and know which way to go, start slowly .
Don’t try to make super elaborate investments without having done the basics first.
It is not advisable to start investing directly in the stock market without even having your emergency reserve, for example.
Keep in mind that you won’t make loads of money overnight, so don’t get carried away.
Write down all your expenses and have a well-designed financial plan .
Your financial success depends on you creating a commitment to yourself when it comes to building your wealth.
Financial Success Lesson 5: Build Discipline and Have Consistency
If there’s one thing people who have achieved financial success have in common, it’s discipline and consistency.
Successful people are willing to do whatever it takes (without harming others of course) to achieve their goals.
And discipline is the secret to that success.
The moment you know where you want to go and establish what the next steps are to reach that goal.
You have to be disciplined daily in the actions necessary to achieve your goals.
When this discipline becomes a habit, you will inevitably achieve financial success .
As I mentioned in the previous topic, you need mentors that you can trust and look up to.
One of the people I follow and really like the content is Bruno Perini, from the Você Mais Rico channel .
And he once said something about discipline and consistency that I found quite interesting, and it’s this:
If you only invest once, you even reap some benefits, as you will be ahead of the mass that never invested. If you invest all the time, after a while you will become rich.
Work out and eat well sometimes, and you will reap the benefits. Do this often, and your life will change, your productivity will increase, and you’ll feel better at 30 than you did at 18.
Read and study from time to time, and you will improve a little. Read and study every day, and you will improve to the point where you think your past self was a Neanderthal man.
Absorb the idea that consistency is the key that will make you achieve exceptional results in any area of your life. Because what you do once in a while is far less important than what you do all the time!
Financial Success Lesson 6: Develop a Burning Desire to Prosper Financially
The last lesson I want to teach you is to want to prosper financially more than anything.
This is another commonality of people who have achieved financial success .
Everyone has a burning desire to succeed.
And by “burning desire” it is necessary to make it clear that it is something much stronger than simply hope or desire to succeed.
Think about how and where you want to be when you succeed.
And visualize yourself there every day.
Have something close to you that reminds you of where you want to go, and motivates you to pursue that goal.
Whether it’s on your desk in the office, in your bedroom, somewhere in your house, in such a way that you can see it every day.
And at the end of the day, when looking at that object, you need to think about whether what you did today brought you closer to your goals.
With that burning desire to thrive, coupled with something you see every day that motivates you to achieve that goal, you will inevitably achieve financial success .
On your journey to achieving financial success , you will have to learn how the financial market works and know the technical characteristics of investment types.
However, even more important than understanding the financial market, is eliminating bad habits and developing the right skills and having the right attitudes to walk this path.
In this article I presented 6 lessons related to the way you act and think that you must put into practice to achieve financial success .
- Develop the right mindset : develop the right way of thinking and eliminate your limiting beliefs.
- Get out of your comfort zone: don’t wait for things to get bad to change. Make a plan, step out of your comfort zone and take risks.
- Take responsibility: the moment we accept that responsibility is ours, we implement the changes necessary to achieve success.
- Avoid beginner mistakes: as much as making mistakes is part of the path, study and inform yourself so you don’t make mistakes with the basic things.
- Create Discipline and Consistency: Once you know what you need to do to achieve your goals, having discipline and consistency is what will get you there.
- Develop a burning desire to prosper financially: just the will to succeed will not make you succeed. You need to develop a burning desire to thrive and do something every day that gets you closer to that goal.