How to be Successful in Life? My Solution
Is confidence, the greatest weapon of success?
TABLE OF CONTENTS
How to be Successful in Achieving Anything You Want? My Solution
Definiteness of Purpose/ Clarity of Intent
How to be Successful in Attracting Anything You Want? My Solution
How to Use Law of Attraction?
1. Let go of the knowledge that you don't like or are lacking from where you are.
2. Don't go too far with the score, particularly in the beginning.
3. Keep open to ideas that are new. Be open to the limitless possibilities the World can offer.
4. Don't try to work out the whole thing. Don't fight to make stuff happen.
5. Relax and follow the road, the one with less resistance, that feels lighter.
6. Have some fun and make it easier to open the flood gates.
How to be Successful in Achieving Financial Freedom? My Solution
Learn to Handle Cash
One of the most critical skills one can learn and one of the most underestimated is handling money and budgeting. Managing finance can be disappointingly tricky. They're like part of a juggling act, where at the same time your home loans, car payments , credit cards and other monthly expenditures are all up in the air, and if one or two hits the deck, it off-balances the rest. No wonder, then, that the sooner one begins financial planning, the lower each month's saving burden would be. You would find it difficult to prepare for your future in the absence of a clear financial structure. When you have a solid financial plan in place for the future, a function is assigned to every rupee you save automatically. To help you begin your financial planning journey, here are some tips:
a. Review your financial condition:
Keep a budget to get an idea of how much per month you will save. You have the freedom to save money if you are young and can use this to your advantage. Getting an understanding of finance is equally important. To understand investment, read the book "Rich Dad, Bad Dad-Robert Kiyosaki." Set aside some time on a regular basis to think about investments and the different investment options you have available. Familiarize yourself with the words associated with investment.
b. Understand your profile of risk:
You should make time to determine your risk profile if you have evaluated your investments and accepted the fundamentals of investing. Not everybody is familiar with high-risk investment investments. We expect our resources to be secure in many cases to meet those short-term goals. So, depending on your priorities, it is your prerogative to determine how much risk you are willing to take.
c. List your financial goals:
Create a list of the financial targets you have. Categorize them according to the amount of time required to achieve fruition. The broad categories may be: short-term , long-term, medium-term. Remember to synchronise your financial targets with the risk you are prepared to take. For example, you might be able to invest in the Public Provident Fund (PPF) if you are a risk-averse investor and you want to prepare for retirement. But it will take far more time to achieve your final target by PPF than if you were to invest through ELSS funds. So, when setting your target, account for that time.
d. Link your financial priorities to particular investments:
Investments should always be connected with your financial objectives. Prioritize long-term saving as it gives you more time to work for money. The greater the risk associated with an investment, the longer the time period associated with that investment would be. For example , long-term goals such as retirement and wealth creation are priorities, so it would be prudent and fruitful to connect them to equity mutual funds. When investing in mutual funds, invest in an attempt to circumvent uncertainty via the SIP (Systematic Investment Program) path. Start small and build slowly as you have more funds and when you have more.
e. Periodically, check your financial portfolio:
The assessment of your portfolio at regular intervals is very significant. I don't say, by that, that you should check it every day. Only keep it updated either on a quarterly basis, every 6 months or once a year. This is critical because our interests will alter as we grow and such goals may have different timelines. Or you may need to diversify your portfolio further, add more investments, or change those investments that may be recurrently underperforming. Whatever the case might be, investing would be incomplete with your portfolio not carefully checked.