Plan being rich

Plan on getting rich

A Plan on getting rich

Vacation

Planning your vacation

If you were going on a vacation, you would therefore plan it.  Meaning, You would decide:

Where would you want to go? Skiing or sun.

When you would leave.

The day you would come back.

Where would you stay (hotels etc).

Time your flights.

How long would you stay.

Near a beach, golf course etc.

Kind of  clothes would you bring and how much.

How much cash if any.

etc.

I mean, it would be a no-brainer! 

Planning on getting rich

Food for thought.  If we would put in as much planning in getting rich as we do in our annual vacation.  The result of getting rich wouldn’t be a problem.  Right?

Well, here’s the problem.  Most people don’t.  You need to plan getting rich.

Okay. Let’s use our vacation analogy.

Where do you want to go?  How much is rich to you.  Is it $500,000, $1 million, $5million? It’s your destination.

Ok. When do you want to go and when do you want to have it? Is it 5 years, 10 years or 30 years?

What hotel will you be staying at?  What lifestyle will you be living?

And,will it be near a beach, golf course or mountain?

Where the problem lies.

The reason that people fail at planning to get rich. Is it’s not a priority.  We plan on surviving and getting by and planning to get rich takes 2nd place and 3rd place.  

People won’t get rich beacause they don’t plan.  This is where the sad reality sets in.  The argument that people don’t have money to start off is very true.  However, the argument that the very same people don’t have a plan is true as well.  Call it a plan or a goal or whatever label you choose, you need to start today.  

We all have monthly commitments:  car payments, mortgage payments , utilities, student loans etc. For instance, let,s say we had the most important payment of all the “Getting rich payment”.  Would we not be on our way of getting rich?   It’s all about planning to get rich! 

So, here’s the plan:

  1. How much do you want?
  2. What do you have you so far? (How much do you have?)
  3. What is left to go and get?
  4. How are you going get the rest?

The Financial GPS

Here’s your first tool.  A simple financial calculator.  Pluck in your numbers and voilà!

www.dinkytown.net/java/basic-financial-calculator

Conclusion

 Getting rich is not random result. It is a  result from planning, executing  sticking to the plan.

Tell me what you think.  Leave a comment.