You’re young, obsessed over the idea of becoming successful but feel stuck and don’t know what to do.
It could be that you’re unemployed and having difficulty finding a decent job to get things moving in the right direction; you have a job paying minimum wage, but you’re barely making enough to pay the bills. You’re currently living with your parents because you can’t afford an apartment; you have a child or two, have more debt than you can handle, and you’re afraid to step out on your own. You’re terrified about the idea of failing. Is there a way out of your situation, you’re wondering?
The simple answer is “absolutely yes,” but it will take some effort. Notice that the answer to all your problems comes down to MONEY. If you had enough of it, your circumstance would be entirely different. How to get the amount you need is the big challenge.
Your Attitude is the Key
How to break free from any limiting situation such as this begins with your ATTITUDE. More specifically, the type that is determined to make a difference, come hell or high water. The reality is you’re not the only one in this situation. There are 71 million 15-24-year-olds around the world who are currently unemployed, living with parents, and having doubts about their future.
The ones who will succeed and make it to the top will NOT do so by accident or daydreaming. They will eventually discover that the world is a hard and cruel place; there are no free lunches; nothing good comes easy; and simply getting accustomed to status quo or doing nothing about their situation will get them nowhere…fast.
If you haven’t learned these truths, you need to wake up to the reality of the world, and the sooner, the better. Whether you have a college degree or not, you need to develop a self-generating attitude for survival and beyond. This means grabbing yourself by the bootstraps and doing whatever is necessary to become self-sustaining, which means living in a state of abundance and freedom.
At the same time, as you may have heard once or twice during your lifetime, success doesn’t come easy. The journey to wealth takes time, commitment, persistence, and more importantly, massive action. This was true for those who are currently wealthy; it is true for those who are getting there; it will be true for those who are planning to take the journey in the future. In other words, there has never been any short cut to success. You and I must pay our dues if we want to achieve any level above poverty or mediocrity.
When it comes to financial achievement, few people care whether you attain your goals or not. The more common thinking is that most people would rather see you fail or stay in your current situation than succeed. Therefore, YOU are the one who should become the absolute defender of your dream. After all, it’s your life, and you should be the one to change the circumstances in which you live if it is undesirable.
Furthermore, despite what others feel, think, or say about your situation, you have the power to rise above your current status and achieve greatness. Below are seven (7) key steps to help pull yourself up by the bootstraps and begin your journey to the top:
- Get tough and gritty. Few people make it to the top without failing, not once or twice, but many times. But somewhere along the way, they develop a rigid personality that refuses to surrender to outside pressure until they have achieved their financial dreams. You need to develop that same gritty persona to make it to the top. That persona is nothing more than an attitude that says, “I will succeed, despite my circumstances,” or “Come hell or high water, I will not quite until I attain my dream.” When you adopt this posture and get serious, your present circumstances will appear smaller than usual, new ideas will begin to flood your consciousness, and a way of escape will become clear. More importantly, you will obtain renewed courage to go through any roadblock that tries to derail your progress to success.
- Prepare to fail before getting to the top. For high achievers, failure is a normal part of the journey to success. They come often and in various forms: not having enough capital to invest in a specific venture, investing money in a project and losing all of it, accidents, injuries, theft, and even death in the family, to name a few. These are nothing more than adversities, designed NOT to discourage those on the journey to a better life, but to make them tougher. Adversities mature us into stronger, calmer, and more effective human beings. Accept them, learn from them, and use them to catapult you to the next level.
- Use your current resources to begin the journey to success. Money might be in short supply, your living conditions may not be entirely ideal, and the timing may not be perfect, but you need to begin the process of pulling yourself out of your undesirable condition. Doing nothing differently will keep you there for a long, long time. If you’re living with your parents, for instance, thank them for their generosity and use the opportunity to stash away as much cash as possible while you’re there. If you need more education to pursue a specific venture, enroll in free classes or employer-sponsored classes without incurring additional debt. Look for other non-costly opportunities that you can use to elevate your circumstances. If you must use student loans for more education, do so quickly. Investing in yourself will be your greatest financial benefit.
- Cut back on all non-essential spending. Until you become financially independent, you must exercise frugality. This is not the time to buy a new cell phone if the one you have is in working condition. Also, splurging on nice clothes or on fancy dinners while living with your parents or trying to get ahead in life is not financially sensible. The same is true about buying a new vehicle if the one you have is in good running condition. Instead, consider this period as a time of leanness where spending is decreased to bare necessity, and savings becomes a priority.
- Dream big. Things never stay the same. They change over time. This is especially true for people who believe in having a better life for themselves and their families. So, don’t hesitate to dream as big as you wish. As you do, your mind will help create the world that you imagine. Eventually, you will manufacture a course of action that will propel you forward, include finding the resources you need (money, training, etc.) to bring everything together. Have fun with this exercise!
- Consider getting into business to accelerate your progress. Most successful people made their wealth in business. There is no reason why you can’t do the same. As you think about a niche market, look within yourself for something that you can offer the public for a fee. Are you talented in music, sports, communication, writing, speaking, or singing? Is there something unique about your personality that others find attractive, curious, or funny? You can package any aspect of your talents or uniqueness and offer it to the public. The result could be surprisingly lucrative. Think about it and act.
- Give yourself time to succeed. Some people seem to succeed overnight, but for the majority, the process takes several years. Your situation will be unique. In any case, you must give yourself time to succeed, during which you will develop patience, persistence, faith, and tenacity. Above all, if you fail once, twice, or several times, this doesn’t mean that you’re a failure. As mentioned earlier, failure is a natural part of the journey to the top. Use it to your advantage. This includes treating yourself kindly when things don’t go as planned and learning from your mistakes to shorten the distance that you must travel to your goal.
In upcoming posts, I will be introducing an investment system that you should consider using on your journey to the top. It has the potential to help you create a massive amount of financial wealth before you’re ready to retire. However, before getting into that aspect of our financial education, you need to know that all the highlighted points in this article are essential for your overall success regardless of your status in life. You should take them seriously and find a way to incorporate them into your daily life.
Furthermore, as you investigate the future, try to keep things simple to minimize stress and anxiety. For example, try not to execute the preceding concepts all at once. The main thing is to accept your current condition, contrive a plan of escape, and act on it immediately. The goal is to become financially self-sustaining, but this process itself will take some time, which should be expected.
Meanwhile, relax. Use the resources that are currently available to you and have fun on the journey.
To learn more about your financial options, consider reading my new book: Pennies to Power: How to Use Your 20’s to Gain Financial Independence for Life.
Thanks for reading.
What Are Your Thoughts?
Do you believe that you can succeed in a big way, despite your current condition? Do you believe that failure is a part of success? Are you willing to treat yourself with respect and kindness if you don’t succeed at your first attempt in business?