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December 30, 2016

My Financial Dream Is:


Being financially free is a dream every normal person will not think twice before saying yes. When ask; what is your financial dream? Of course there is always a readymade answer to the question; he/she want to be rich. To what extent might be a little tasking except telling you the luxury he/she can afford with the money if at all he becomes rich. In other word he/she never have a financial dream just a wish.

Our financial wellbeing depends to large extent on the dream we set not just wish. One of the practical aspects of the popular book by Napoleon Hill “Think and Grow Rich” that I love most is the six practical steps to achieve your financial dream stated below;


Step 1:        Fix in your mind the exact amount of money you desire. It is not sufficient to say “I want plenty of money.” Be definite as to the amount. (There is psychological reason for the definiteness which will be described in a subsequent chapter).
Step 2:      Determine exactly what you intend to give in return for the money you desire. (There is no such thing as “something for nothing”).
Step 3:      Established a definite date when you intend to possess the money you desire.
Step 4:     Create a definite plan for carrying out your desire, and begin at once, whether you are ready or not, to put this plan into action.
Step 5:       Write out a clear, concise statement of the amount of money you intend to acquire, name the time of its acquisition, state what you intend to give in return for the money and describe clearly the plan through which you intend to accumulate it.
Step 6:       Read your written statement aloud, twice daily, once just before retiring at night, and once after arising in the morning. AS YOU READ – SEE AND FEEL AND BELIEVE YOURSELF ALREADY IN POSSESSION OF THE MONEY.

My discussion on your financial dream will be based on these six steps, but before I do, let us look at it from another angle.

In the recent time, there are many people around the world talking about financial freedom and achieving financial dream. But one person you will agree with me that have touch this aspect of life beyond people’s reasoning this is Robert T. Kiyosaki, the author of the bestselling book “Rich Dad Poor Dad” and Rich Dad Series.

When it comes to financial dream and attaining financial freedom, Robert Kiyosaki says we have just for classes using: Assets, Income (Earnings) and Networth as a means of measurement. These are;
·        The Poor
·        The Middle Class
·        The Rich
·        The Supper Rich

Using Income Generating Assets Robert Kiyosaki says;
·        The poor have no or underpaid employment with no asset
·        The middle class have well paid employment or a successful personal professional practise (self-employment) with a lot of liabilities (called assets) with little (most especially paper asset) or no assets.
·        The rich although could be an employee but an executive in a multi-million or billion company, with a stake in such company. Could also be a well paid employee, but also in investor with assets worth tens of millions. Of course a good self-employed, business owner and investor could also find himself in this level.
·        Lastly the super-rich are world class business owner and investors.

Using Earnings as a Means of Measurement;
·        The poor earn nothing to below $1 million per annum.
·        The middle class earn between $1 million and $10 million per annum
·        The rich earn between $10 million and $100 million per annum.
·        The super rich earn hundreds of millions dollar per month, and billions of dollar per annum.

Using Networth as a Means of Measurement;
·        The poor worth less than $1 million
·        The middle class worth above $1 million but below $10 million
·        The rich worth tens to hundreds millions of dollar
·        While the super rich work billions of dollars.

Whether you choose to follow Napoleon Hill or Robert T. Kiyosaki, for you to achieve your financial wish you call dream, you need to be specific. Being specific about how rich you will like to become is turning your wish to dream.

It is within this your dream we will find how to make your dream come true. What are you doing and or what will you do to earn the money while you strongly believe and stick to it even when it seems it is impossible.

The breakdown of your dream is in goals, you need to set goals towards achieving your financial dream. Even if you cannot specify the date of your dream come true, your goals must be set with actualize date. At the end the sum total of your goals actualize date will be equal to the date your dream will come true.

You also need to plan how to achieve your goals. In a nutshell, you have to also breakdown the goals into plans. What are those tasks you need to embark on to achieve your set goals at the right time?

Procrastination is a deadly enemy, start taking action immediately, that is the clear reason for the breakdown from dream to goals and to plan. No matter how small, start working on you plan, don’t procrastinate.

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