India is huge and populous country. Now we have crossed around 1.3 billion population. India is also among those countries which has high income inequality, India’s top 1% of the population now holds 73% of the wealth while 67 crore citizens, comprising the country’s poorest half, saw their wealth rise by just 1% over the last few years.
What?s your dream in life? You have must encountered this question latest once in your life whether in your school days, college days, in your early career or in middle of your life, and the common answer for most of the people is ?I want to be rich in my life?. But this dream also remain only a dream like most of the other wishes in life. And sometime in the later part of our life we often regret that we were not borned to leave rich, blame our failure to others such as our parents, our family and our fate. But never try to realize the real reason behind this.
So, before you regret on your past, it?s always better to act on your dream in present.
For those of us who aren?t born with a silver spoon, we often wonder how to become rich and quickly. We go through inspiring stories of millionaires and billionaires, look for lucrative investment options and even take up side business to achieve a billionaire tag.
The first step to achieve any dream is to really understand what your dream is. Becoming rich is a subjective term. How wealthy you will be, to called as a rich! Is it some definitive amount of wealth like 50 or 100 crores of net worth, or it is defined as you have the highest wealth among your relatives, friends or social networks. If any of the above is your dream, you are just landing in a wrong thought, that may not give you satisfaction even if you achieved you target, as you thought will change at that time to a new dream. But practically most of us do not able to fulfil this and our dream remains a dream only.
But, this doesn?t mean you will kill your dreams and lead a mediocre life. In order to succeed and make things work in your favour, you have to march forward and work hard.
To lead a happy life, it is not required to be rich, but you have to achieve financial freedom to lead a happy life. And once you learn to achieve financial freedom, you are on the right track to become rich.
Most of us unable to achieve financial freedom, as we may have lack of knowledge to achieve it, or we have the right knowledge we never try to implement in our life.
There is no substitute to hard work. Once you decided to lead life with financial freedom, you should not look back as there is nothing bigger than regret in life.
To achieve this you have to act on some behavioral aspect of your life, get some financial management knowledge and be discipline in your life.
Below are 10 behavioral aspect that you must have to develop and implement in your thought, life and profession to achieve your financial dream:
- You have to dream before your dreams can come true: As quoted by Dr. A P J Aabdul Kalam, you must dream first to achieve it. If you have no dream in your life you have no motivation to achieve something. But only dreaming the fantasy will put you nowhere except where you are. You have to act on to achieve your dream. Dream is not the thing you see in sleep but is that thing that doesn’t let you sleep.? Commit To Your Goals/Success. When you made yourself promise to achieve financial freedom, there was no going back.? If you set a goal or commitment to achieve financial freedom, make sure you love what you?re doing and are willing to see it through until the end. The word ?quit? should not exist in your vocabulary once you make this vow.
- Always follow your passion: It doesn?t matter what field you want to pursue, how educated are you or financially how strong are you, what you can be passion about anything. An engineer can be passionate about fashion or even an investment banker can be passionate about cooking. Look for your passion and build on it. Your life should revolve around it.
- Educate Yourself: The first thing you had to do is to create a plan. You have to gather more knowledge on your area of interest and remain updated on the latest development and where future is going ahead. Whether you need to educate yourself on your market or other successful people, constantly read and learn about what others are doing. Invest in your own education because that will be key to long-term growth.
- Be firm, try until succeed: This is the utmost important step. You have to be persistent, what may come. Don?t get influenced by anyone and do what your heart follows. If you think can achieve, you have to put all of your efforts until you achieve your goal.
- Don’t be tempted: Through your journey, you will see your friends having fancy jobs and making more money. Ignore it. Just be focus and enjoy about what you are doing and never for one moment lose faith. Gap between you and your friends won’t take time to reverse.
- Be healthy: Yes, most of the billionaires around the world follow it. If you are fit, good looking with a good personality, your life will be much easier. Even in low times, you will feel good looking at yourself in the mirror or just going for a jog.
- Keep good company: Be in the company of people who are crazy behind money and back it with insane hard work. Looking at these people you will have no option but to up your game
- Networking: On your way to the top, you can leave behind friends not ‘contacts’. Networking will take you to heights and get you the tag of the billionaire. It only takes one person to change your life forever. The more people you know, the more potential doors you can open. In order to achieve financial freedom, you want to constantly network with people and develop positive relationships that may be helpful in the future.
- Hard Work Will Compensate Your Mistakes: At the end of the day, hard work prevails over everything else. The stupidest people in the world can make a ton of money just because they work harder than others. It?s true that talent alone cannot get you to the top. It?s okay to make mistakes and hit roadblocks (because everyone does), but hard work will eventually get you where you need to be. When you commit to a goal as large as this, you need to be working your ass off.
- Patience Pays: Lastly, you have to be patient. As long as you are consistent and stick to your plan, you will eventually get where you want to be. Don?t let failures, mistakes, and slow progress derail you from your big plans.
Having implemented the above thoughts in your life, you are already on the track to fulfil your dream. Now you just have to develop some financial aspects and financial knowledge that will make you to financial freedom:
The next part will be published in next week. To read more stay tuned with us.