Kurt recommends the following next steps:
Your question implies that you define success as "make a lot of money". But this might not be the only thing you need to be successful.
You might ask yourself - "If I had a lot of money, but I didn't have any family or friends, would I be happy?"
"What if I had a lot of money, but millions of people hated me for the things I did to get that money, would I still be truly successful? "
"How much is "a lot" of money?" ... or "How much money do I need to be happy and comfortable"?
Here's how you can get started on your personal path to success (at any age):
1. Write down, or draw a picture of all the things you WILL BE. (Perhaps.... educated, healthy, attractive, financially comfortable, having lots of family and friends in your life? Be specific where you can. ) Here are a few examples of how your statements might look. Present tense. These tell what IS TRUE for you in YOUR SUCCESS.
I AM well educated. I EARNED my degree in [ your chosen field). I use facts and data to FIND TRUTH and INSIGHTS.
I AM very healthy, and I can run a mile in less than 5 minutes.
I AM attractive and I have really beautiful hair.
I HAVE a good income. I enjoy a safe and comfortable home and good food.
I ENJOY lots of fun and great RELATIONSHIPS with my family and friends. I AM RESPECTED by others. I AM KIND. I AM HONEST.
I TAKE ACTION to help others be their best, and to keep our world a healthy place.
2. Ask yourself - "For each of the things I want to be, what has to be true?"
Write a list of things that you need to do for each. You can research and improve your plan again later, but it's important to get started with what you know.
To be healthy, you must eat foods that are good for you, exercise, and take care of your emotional well being.
To be attractive, you must be healthy, and you will want to take good care of your appearance - grooming, hair, dental care, good manners, clean & neat clothing.
For your education, you will need to study hard & learn to think analytically and critically. You will need to learn to collaborate in work with others on projects, which will later help you be successful in your career.
3. Make a step by step plan to achieve each of the things that you need to do.
Setting small steps toward difficult goals will help.
4. Execute your plan - stick to it, do it, review it!
Every week, check your progress, and decide on the things you will do next. "What's done, What's next?"
5. Last, but not least: Think about how you will deal with people and circumstances that you cannot control. No matter how much money you have, there will always be things outside your control. What will matter most when something bad happens?
Carol recommends the following next steps:
Paul Goetzinger MPA
Including the 10% rule, where you save ten percent of your take home pay. That is a good place to start.
Put it in a base savings account and utilize the savings to invest. The fact is, you cannot save yourself to wealth, you must be willing to take some risk and put the money into long term stocks, and continue to invest in the market over a long period of time. Rome was not built in one day, and neither is personal wealth.
Yes, there will be downturns in the market, but use this as an opportunity to find deals on underpriced and lower level stocks. Choose ones that pay good dividends, because this can help in your overall earnings.
I would look into setting up an account with Schwab or Fidelity, and get assistance and advising on making initial choices regarding which companies to purchase and use as long term investments.
Different people may have different views on success : Some one may view in terms of monies, someone may view as contribution to community, some people may want to be famous, some people wants work life balance, etc. It really depends on your value.
I have seen you have mentioned about monies. However, monies cannot buy a lot of things like happiness, health.
Below are my suggestions :
1. Think carefully how do you define success
2. Seek guidance from your mentor, teachers, your parents, etc.
3. Define your goal how to achieve your success
4. Put down a plan to achieve your goal and break it down into smaller milestones
5. Review you your plan and adjust if necessary on regular basis.
Hope this helps! Good Luck!
Being rich does sound nice, but there is a reason only a few are really rich, such as Bill Gates and Elon Musk: getting really rich is very risky. If you aren't taking risks, you have no chance of becoming significantly wealthy. You might earn billions, and you might become destitute. No career will make you rich that includes a paycheck. That is, you need a career where you are the one making all the decisions, not a person who receives a salary. That might include getting involved in the stock market managing a hedge fund, or being an inventor of a product that is well received, or being an entrepreneur who invests in projects with high payback. The richest person in my city owns a garbage recycling company. Not glamorous, but he started small, taking the risk of a small company and continually reinvesting into his company so that now he is a multi-millionaire. Another celebrity who is very rich sells cars. Again, nothing fancy, but he started at the bottom, selling on commission - no salary - and kept taking more risks as he went more in debt that paid off. However, I do believe that, if your goal is riches, that you will probably earn more than many others. Good luck in your pursuits.
Brandon Thomas’s Answer
Some helpful steps below:
1. Come up with a business plan. This would include items such as operations, location, capital/funding, vision/mission statement etc. You can easily get lost in the weeds on this part. Don't get caught up in details that you can figure out later. Think big picture and ask yourself what is your business really trying to accomplish? That is always a good starting point on a business plan!
2. Lastly, come up with different business goals and set dates when you want to accomplish them. Setting a timeline will help you stay on track and know where you are in the process. It is very difficult but don't let yourself get caught up in the whirlwind of the "day to day." Meaning, set yourself and the business up with clear goals and do your best to not let the "daily fires" use up all your time. Inadvertently, you will have to attend to some of these daily fires but make sure you block off time to keep the vison of the company alive.
3. Don't Quit and always look to improve the process. I can't tell you how valuable these two statements have been throughout my life. Many times co-workers of mine have "quit" on a project when it got tough or felt ok doing the status quo. Don't fall into these traps and always look to see how a process could be completed quicker, easier, or more efficient. Companies love when tasks take less time, are more accurate and most of all can save them money. I have also learned to be proactive! I can't tell you how valuable that has been in my career going to my different managers and providing a solution to items without them even asking me to do so. It shows that you have initiative to keep helping the company grow.
Out of the many business books I have read, if I could only suggest two books to you, it would be the books below. Hope these thoughts help and good luck on the journey!
Daniel recommends the following next steps:
Set clear goals: Define what success means to you and set clear goals that will help you achieve it. Make sure your goals are specific, measurable, achievable, relevant, and time-bound.
Develop a plan: Once you have set your goals, develop a plan that outlines the steps you need to take to achieve them. Break your goals down into smaller, manageable tasks and prioritize them based on their importance.
Take action: Once you have a plan in place, take action and start working towards your goals. Be consistent, persistent, and disciplined in your efforts.
Learn from failure: Failure is a natural part of the learning process, so don't be afraid to make mistakes. Instead, learn from them and use them as opportunities to improve and grow.
Build a support system: Surround yourself with people who will support and encourage you along the way. Seek out mentors, peers, and friends who can offer guidance and feedback.
Remember that success is a journey, not a destination. It takes time, effort, and perseverance to achieve your goals, but with the right mindset and approach, you can become successful in whatever you choose to do.