10 Tips of Wealth Creation Strategies :
Tip #1: Money is ALWAYS an inadequate motivator.
Until you realize that though – you’ll probably spin in circles trying to “get rich” and wondering why you’re never getting there. The thing with using money as a motivator is that it works in the short term but when things get hard it’s pretty easy to say “ah forget about the money – I’m ok with what I’ve got”.
To be truly motivated to push through the inevitable challenges you need to get clear on the real reason you’re doing what you’re doing.
Freedom to create my day was so important to me that it consumed most of my thoughts. Not being free slowly began to choke me, especially when freedoms I used to enjoy in my job slowly slipped away. I had a vivid picture of what I wanted my days to look like and that picture is what compelled me to quit my job years earlier than we had planned.
Tip #2: You can be right or you can be rich, but most of the time you can’t be both.
Dave is in a year long business mentoring program and I recently had the opportunity to eat dinner with many of his fellow mentees. The woman in the group who has arguably seen the biggest improvement in her business as a result of the mentoring told me her success secret:“I just do what I am told. That’s it.” She doesn’t waste time arguing why she has done it the way she has done it. She doesn’t resist the suggestions – she just follows the process and suggestions and she is getting amazing results. Very few people do that. Most people would rather be right. They’d rather explain why they think what they think or do what they do – even when they are paying five figures for a mentor.
Tip #3:Success and failure are not nouns.
Let go of it. You are never going to be a success nor will you ever be a failure. You will succeed at some of the things you try just as you will likely fail at some of the things you try.
Tip #4:Return should not be measured in isolation.
Where there is a return there is a risk. You MUST look at what you have to spend in terms of time, energy, and money AND what you are risking to get the return for it to make sense.
Tip #5:The only place you can start is where you are right now.
Everyone wants to start at the front of the line but that’s not how the world works. Take the grocery store as an analogy. Do you ever struggle to pick a line at the grocery store – wanting to find the fastest one? Do you ever find yourself in the slowest line wishing you’d picked a different line? Do you ever switch lines? Most of the time when you switch lines you don’t get through the line any faster than if you’d just stayed in line.
Tip #6: Master energy management not time management.
I know so many people who say time is their biggest obstacle to achieving their goals. Yet those same people can tell you all the latest on celebrities, tv shows and movies because they’ve collapsed in front of the tv for four hours at the end of each night. I’ve realized that time is not their issue – nor is it mine. It’s energy. I now structure my eating, exercising and work schedule as much as possible around using energy and then renewing energy.
Tip #7: The pursuit of perfection will paralyze you.
When you seek perfection you’ll freeze up and not be able to move forward. Focus instead on what is “good enough” and what you can do TODAY to move forward. We love the saying “sloppy success is better than perfect mediocrity” which we heard first from Alex Mandossian. Keep moving forward – it’s not about perfection it’s about progress.
Tip #8: Every day is a good day unless you choose for it not to be.
This lesson is from my Grandma Broad. She always tells me that if it’s not a good day it’s my own fault. I used to find that a little annoying because if a teacher gave me a bad grade or my brother hit me I figured it was not my fault things went badly. I have come to realize that everything in my life comes down to choices. Often a decision I made caused something to happen to me – so I had control over it in the first place. Or, even if it wasn’t my decision, I have a choice as to whether I let it ruin my day or not.
Tip #9: Create different problems for yourself.
One of my biggest pet peeves is people who always complain about the same problem. I have a hard time understanding why they haven’t done something about it. They probably like having that problem secretly … they must! I have lots of problems too! I prefer to consider them challenges – but still. I have things that aren’t going well too. And every time I solve one problem I seem to create a new one … but that is ok for me as long as I am not dwelling on the same problem day in and day out.
Tip #10:Create more happy moments.
Make a list of the happiest moments in your life. You’ll realize that none of them (or very few of them) involved money. Usually they involved achieving something challenging for yourself, a great moment with friends or family, or an incredible experience of some kind. One of my happiest days in recent years was when I was with Dave in the Saskatchewan Pavilion of the 2010 Winter Olympics watching the Canada vs US mens hockey gold medal match. It was such an incredible experience. We didn’t know anybody else in the pavilion yet we all felt like friends. And when Canada won in overtime it was an explosion of joy heard all over Canada. I never felt more Canadian pride and joy before that moment. It was easily one of the happiest days of my life. That experience cost us less than $50.