Your financial plan gives you your destination. Now you just have to figure out how to get there.
There are nearly as many ways to create wealth as there are people thinking about how to do it. You can invest in the stock market or in real estate. You can invent a new way to play music, read the written word, or send television signals through the air. You can peddle your expertise in a specialized area, provide a service that no one else provides, or build the next international fast-food franchise. You can win money, marry money, or inherit money (although these things fall outside the “millionaire mindset” of taking control of your own financial future, because they all rely to at least some extent on outside forces to come true).
Whichever path you choose, keep these things in mind to improve your likelihood of success:
Will it make you enough money? You can’t put your financial plan into operation if you don’t make enough money to cover your basic expenses and have some left over for your long-term goals.
Is it something you enjoy? You’re more likely to stick with something you like doing, and therefore you’re more likely to stick with your financial plan. Engineers can make a lot of money, but if you hate math, it’s probably not the right path for you. Besides, the world already has enough people who hate their jobs, self-employed or otherwise.
Is it something you have a talent for? You might dream of making it big as a musician when you’re playing “Guitar Hero” in your living room, but if you don’t know an A chord from an anthill, that’s probably just a fantasy. Figure out what you’re good at and then look for opportunities where you can put your natural talent to work.
Is it something you have the skills for? If you don’t know anything about accounting except that the figures are supposed to balance, you probably don’t want to set up your own accounting business. You can always learn, of course, but your learning curve will affect the timetable for your financial plan.
Pursuing money for its own sake is neither enriching nor rewarding. The happiest millionaires are those who combine work they truly enjoy with the financial goals they’ve set for themselves. They have a powerful desire for a fuller, better, more abundant life, and money is only part of the riches they seek