Almost every person on the planet wants to be rich. However, not everyone is willing to put in the necessary work to get and stay rich.
Even if you win the biggest lottery in recorded history, you’ll have to learn new ways of being and doing to effectively manage, sustain and grow your wealth. Without growing your knowledge and changing certain habits, you simply will not be fit for wealth.
What I’m about to tell you isn’t mere conjecture. It is not only something that I’ve personally learned and lived the hard way but have borne direct witness to this truth as a veteran entrepreneur and success coach who has worked with people across the globe from all walks of life. From execs on wall street, to a gang leader to those behind bars, it is a hard-proven fact that if you don’t know yourself and continue to grow yourself, you won’t be fit to achieve wealth or well-being.
I’m going to share with you the #1 growth hack for becoming fit to be rich. And, when I say #1, I mean it is the TOP PRIORITY. Many will tell you otherwise. They’ll tell you to go to your CPA, a wealth manager or learn how to invest in the stock market or other commodities. But, if you do not do this first and foremost, you’ll be putting the proverbial cart before the horse. You’re the horse, and you need to be a thoroughbred who is well trained to be strong enough to pull the cart full of wealth behind you.
The #1 Wealth Building Growth Hack is to regularly and routinely take a fearless character assessment of yourself. This means putting pen to paper (old school) and rigorously being honest with yourself in admitting your character deficits. This is a practice that one can’t afford not to adopt. For every unknown character deficit or flaw that you would prefer to continue to be in denial about, will become a deficit on your financial balance sheet.
It’s a hard truth that great wealth takes great strength and that strength comes from within not from outside of oneself.
Here Are the Top Seven Questions to Answer When Doing Your Assessment:
1. What is my biggest character strength?
2. What is my biggest character weakness?
3. What can I do to expand on my biggest strength?
4. What can I do to convert my biggest weakness into a strength?
5. A character trait I’m exhibiting lately that I don’t like, and I’d like to change is_________.
6. 1 truth about myself that I’d rather not admit and am resistant to change right now is______.
7. The 1 criticism I’ve heard multiple times from others about my behavior is ___________.
This is an exercise in self-love not self-loathing. Increased wealth and well-being comes from self-actualizing the highest vision of our most evolved selves. And, it is the way of the peaceful, loving, compassionate, giving wealth warrior.
In Closing My Shocking Confession:
I couldn’t believe all the stress and problems I was having with people! Seemed like everything I was doing was turning into a big endless stream of problems. I was worn out from dealing with people who were wasting my valuable time, energy and money. Why, oh why was this always happening to me?! I had to take a time out to journal out my frustrations! I got my trusty journal out and began to write a stream of woes me words that filled up many pages. Then, something mysterious happened. I felt compelled to go back and read what I wrote and that’s when it happened…I experienced a big aha moment. I saw a pattern emerge from the stories contained in the pages. And, it gave me pause and I had to ask myself: “Linda, what’s your part in all of this?”. The glaring truth emerged. I was impatient and expected things to be difficult. There it was. There I was. Getting in my own way and causing myself and others unnecessary strife. The truth has set me free.
The word “boundary” has a negative connotation these days. And yet, it is a key concept that defines how to achieve successful relationships of every kind. Every person has limits. Each person’s limits are different based upon many factors. There is no one-size fits all personal or professional boundary. This is what can make relationships risky.
Entering into any type of relationship, agreement, partnership or contract requires a lot of due diligence and even when due diligence has been performed at the highest levels, there is always inherent risk present. You just don’t know what the other person is capable of doing when faced with challenges that might arise during the engagement. Even in the absence of challenges, the other party may fail to perform.
I’ve been an entrepreneur all my adult life and have conducted business all over the world with small, mid-sized, fortune 500 companies and solopreneurs. The risk is all the same, but the damages that can occur as a result of not knowing, setting and honoring your own boundaries can vary from minor to catastrophic. The bigger the fish, the greater the potential loss. But, regardless of the size of the fish, the sheer waste of time and energy expended to correct the breach is a drain financially, mentally, emotionally and physically.
The difference between successful people and really successful people is that really successful people say ‘no’ to almost everything. ~Warren Buffett
Here’s How to Know, Set and Honor Your Boundaries to Maximize Your Success and Minimize Your Losses:
1. Know Yourself and Your Values. What behaviors are unacceptable to you? What’s you rule about 2nd chances? Do you allow 1 strike, 2 strikes, or none? What’s your #1 core value that if someone can’t abide, you walk away?
2. Don’t Violate Your Own Values. If you can’t honor your core values than you can expect nobody else will and it is the surest way to fail.
3. Walk Your Talk. If your behavior isn’t consistent with your promises or in general is inconsistent, the weakness will be noted and capitalized upon.
4. Clearly Communicate Your Requirements and Expectations. Take the time and make the effort to clearly set forth your requirements. This is an area where I see many companies and solopreneurs fail which causes them loss and hardship which could have been avoided.
5. Don’t Bluff. Say what you mean and mean what you say. If you set a clear boundary with a promise to seek remedy, then follow through. Making false threats only escalates the problem, is a character trait of a poor leader and set’s you up for potentially even greater losses.
6. Fearlessly Set Your Boundaries. Learn to say no. Don’t let fear make your decisions for you. If you’ve been wronged, harmed or damaged by wrongful behavior of another party, then step out of fear and into action. Nonaction or delaying action can cause you to suffer far greater consequences than standing up for yourself early on.
In Closing My Shocking Confession: A CFO of a major national bank had just committed perjury against me in a take-over attempt to seize everything I owned! WTF!?? Even my well-seasoned attorneys couldn’t believe it. My very expensive team of attorneys immediately told me I’d get crushed and lose everything if I tried to go up against the giant with the truth. They told me to cut my losses and payout the huge amount of money and hand over the assets that they were demanding. I was exhausted after months and months of court proceedings. I was about to throw in the towel, when I thought about how my letting this guy get away with this was going to give him the confidence to keep doing this to others. I had to take the risk and honor my core values which included honesty and having a social conscience. Exhausted, I dug deep, sorted through mountains of data and correspondence and found the one bit of evidence that confirmed his fraud. Fearlessly, I reported the individual to the appropriate authorities and sent the evidence along with a letter to the founder of the bank (against all attorney advice). He immediately fired the CFO and dropped the claim. I later received a thank you letter from an executive within the bank stating that both the employees and customers had endured years of abuse from this man.
Time Management is hailed as the one of the major keys to success. And yet, I’ve long ago discovered that how you manage your mind is far more important than how you manage your time. If you can’t take control over your thoughts, then any effort at time management is going to be ineffectual.
Focus is about being in the present moment. The degree of focus that one can achieve is directly related to one’s ability to manage their mind. Those with the greatest capacity to manage their thoughts, especially putting at bey intruding thoughts, achieve the greatest degree of focus and are the ones that attain great success.
For a long time, I believed the concept of “being in the now” was too new agey of a concept that gave us all a scapegoat for not taking responsibility for having to think through and make tough decisions on events in our lives that need to be made in advance. I felt the concept robbed us of our ability to think outside of the box because it kept us in the box of the present moment, failing to transport our mental capacities to another dimension beyond the here and now. But, what I “now” (pun intended) know is that being mentally strong enough to control being present in the now, is having the mental prowess to become a world class success.
My earlier belief that it was a free-pass on taking responsibility for one’s life, came as I witnessed many people who used the concept as an excuse to avoid the realities of their lives. The decision about what you are going to do at any given moment (either to be responsible or irresponsible) is a personal choice, which either choice sets you up to cop out of your responsibilities or take charge of your life.
Take this Quiz to Find Out If You’re Copping Out or Opting in to Being Present for Success:
1. Does “going with the flow” mean that you don’t have a plan for your day?
2. When “in the moment” do you frequently have intruding thoughts?
3. Do you sometimes “come to” and realize you narrowly avoided a mishap?
4. When immersed in a task at hand and an unexpected event happens to disrupt your focus, does it derail you from being able to remain calm, rational and able to complete the task at hand?
If you’ve answered yes to at least one of the questions above, it means it’s time to practice upping your mental prowess abilities to allow you to be more fully present to the achievement of maximum wealth and well-being. Notice that I say “practice”. It’s just like batting practice. You show up, you practice hitting the ball and when you miss, you don’t give up. You look at how you can do better next time. And, you keep showing up for batting practice, no matter how good you get, because you know there’s always going to be another big game ahead and you’d better be prepared to be at your best.
In Closing My Shocking Confession: Ironically, I had planned to pen a different closing confession. But, as I sat down to write this blog, I lost all power in my house and neighborhood. Then, the helicopters and ambulances started to roar around me. It’s now been over two hours with no power. It’s very cold in here. I have no heat. Everything in the fridge is melting. And, just now the power on this laptop is about to drain completely out. I have maybe a minute left to finish here before shuts down. When the power went out, I initially ran amok trying to call utility company, family, emergency services, etc. Then I caught myself…I thought, well, I can panic, get stressed-out, and pack ice boxes, or I can sit here and use the quiet to write my blog as I had planned. I sat down and began to write. I still have no power.