When I graduated college I was interning in a sales job for $12 an hour making cold-calls to financial firms. For me, the thought of being able to afford certain luxuries almost seemed out of the cards.
Everyone feels that way after getting their degree. It’s a very big hill to climb, but take it one step at a time, make intelligent decisions and try to follow the below six theories:
1. Learn resiliency – one of the most common causes of failure is the habit of quitting when one is overtaken by temporary defeat. You’re never going to hit gold in the first hole you dig.
Unless you are in the 0.1%, before you become successful, you’re going to learn all about failure. The name of the game is to be willing to fail as many times as it takes until you reach success.
2. Have a vision – wealth starts out with a vision. It has a direction which dictates the actions of the individual. Vision allows us to set goals and believe we can achieve them.
Also, imagine how much easier life will be once you create that wealth. When we create vivid mental pictures of the future, success doesn’t seem like so much of a pipe dream.
3. Know what you’re talking about – know your business inside and out. Consistently formulate creative ideas to make your clients happier, to make your product or service stand out. Also, don’t just become an expert at what you do, continue to learn business. Study and be curious.
4. Avoid stupid expenses – The best way to get rich is to spend your money wisely. Rockefeller built Standard Oil by consistently reinvesting profits, improving efficiency and cutting costs.
The best companies know where to put their expenses and also know when something is a bad bet. View full article.