Three Factors for Financial Success
Colin Thompson
Managing Partner Cavendish/Author/International Speaker/Mentor/Partner
Three Factors for Financial Success
What do wealthy people do or have that enables them to accomplish so much more than the average? I believe that these people are successful as a result of what I call leverage. Leverage is the key to maximising and multiplying your potential for success and financial achievement. Here are three examples of leverage that you can develop to achieve financial independence:
Become an Expert
First, become an expert in your chosen field. Read all the books, take all the courses, and listen to all the audio programs. Second, specialise in those areas that are of greatest importance and greatest value to your company or to your customers. And the third key is know your product or service inside out. Aim to be recognised as the industry expert in your field. Remember the person who has the expertise has a far greater contribution to make than the person whose knowledge is just average.
Develop Your Skills
The second type of leverage is skill. The better you are at your job, the more you will be paid. The top 20 percent of salespeople earn as much as ten and fifteen times the average earnings of the bottom 80 percent. There are three keys to developing the leverage of skill. First, make a decision to be the best. Pay any price. Make any sacrifice. Go any distance to become excellent at what you do. Second, engage in continuous improvement. Never allow yourself to become satisfied or complacent at your current level of skill. And third, always strive to exceed the expectations of your customers, your boss, of the people you serve. Always do more and better than you're paid for.
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Save Your Money
The third type of leverage is money. Money is a powerful source of leverage and usually follows the development of knowledge and skill in your field. One of the reasons that it takes money to make money is that the accumulation of funds is an essential step in the development of the personal qualities and character that must precede the achievement of financial independence. In other words, you become the person capable of becoming financially independent by accumulating the funds that are necessary for you to achieve it.
Action Exercises
Here are two things you can do immediately to put these ideas on personal leverage into action:
First, resolve today to become an expert in your chosen field. Set it as a goal, make a plan and work every day to become a little bit better in the most important things you do.
Second, develop the habit of saving money out of every single pay check. It was once said that, "If you cannot save money, the seeds of greatness are not in you." The very act of regular saving changes your character and gets you ready to achieve financial independence.
Finally, The Revolutionary Formula For Financial Success
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The More You Know, the Less You Fear
Fear is also caused by ignorance. When we have limited information, our doubts dominate us. We become tense and insecure about the outcome of our actions. Ignorance causes us to fear change, to fear the unknown, and to avoid trying anything new or different. But the reverse is also true.
The very act of gathering more and better information about a particular subject increases our courage and confidence in that area. You can see this in the parts of your life where you have no fear at all because you know what you are doing. You feel competent and completely capable of handling whatever happens.
Analyse Your Fears
Once you have identified the major factors that cause you to feel afraid, the next step is to objectively define and analyze your personal fears. At the top of a clean sheet of paper, write, “What am I afraid of?”
Remember, all intelligent people are afraid of something. It is normal and natural to be concerned about your physical, emotional, and financial safety and that of the people you care about. A courageous person is not a person who is unafraid. As Mark Twain said, “Courage is resistance to fear, mastery of fear—not absence of fear.”
Action Exercise
Begin your list of fears by writing down everything, major and minor, that causes fear, stress, or anxiety. Think about the parts of your work or personal life where your fears might be holding you back or forcing you to stay in a job or relationship in which you are not happy. Once you have written down your fears, arrange them in order of importance, and then pick them apart one by one.
To conquering your fears – be positive to be successful in life.....and be happy.....
The next step is to take on board successful solutions to help you below;
`Formula for Success` by Colin Thompson - Foreword by Karl George OBE
`Quantum Leap to Success` by Colin Thompson - Foreword by Sir Maurice Donn
"Two little words that can make the difference: START NOW."
Fresh thinking requires a vision to see beyond the conventional. When you combine excellent quality with outstanding value for money you will begin to realise the full potential of creative and well presented business solutions. Together, the sky`s the limit. Have passion to learn and let the knowledge help you to be successful in life.
What are your plans?
Also, to help you become more successful please take on board these powerful publications that show you the way to be successful in business and in life as follows:
To help you succeed in your journey for success please take on board the comprehensive publications:
`Accelerate with Impact` - ISBN: 978-1-84549-289-2
and
`Create Your Own Success Story` ISBN 978-1-84549-260-1
Plus, others to bring success for you - see below;
`The Key to Success Strategies`
`Formula For Success`
`The Guide to a Successful Interview`
`The Hidden Overhead`
`Recession - Busting Solutions`
`Growth Blueprint for the Business and Individual`
`How to Grow Your Business - The Reality`
To building strong relationships, this is your future for success...
Makes all the difference......Enjoy Your Journey...
Have fun, learn heaps, and remember life is all about commitment, have the right attitude to make `your` own success in life with others!
May all your success be fun and may all your fun be successful!
Make 2018 AND BEYOND to `Manage your Goals for Success`...
Now go and be successful and appreciated.
Are you programmed for success?
How are you developing your character for Success and Happiness?
Now go and be more successful.
Sharing information from many sources for your success
About the Author Colin Thompson
Colin is a former successful Managing Director of Transactional/Document Manufacturing Plants, Document Management/Workflow Solutions companies and other organisations, former Group Chairman of the Academy for Chief Executives, Non-Executive Director, Mentor - RFU Leadership Academy, Mentor - Coventry University, Mentor - The Chartered Institute of Personnel and Development, Business Advisor NHS Deanery, author/writer Business Advice Section for IPEX, Graphic Display World, News USA, Graphic Start, plus many others globally, helping companies raise their `bottom-line` and `increase cash flow`. Plus, helping individuals to be successful in business and life in general. Author of several publications, research reports, guides, presentations, business and educational models on CD-ROM/Software/PDF and over 4000 articles/reports and 35 books published on business and educational subjects worldwide. Plus, International Speaker/Visiting University Professor.
Strategist | Mentor | Speaker | Author
DDL: + 44 (0) 121 247 4589
email: colin@cavendish-mr.org.uk
Skype:colin.thompson384
ETHOS
INTEGRITY is non-negotiable
EXCEED expectations
CHALLENGE conventional wisdom
RESPECT for all