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How do i become successfull?

How do i become successful as in how do i make a lot of money or how do i start

+25 Karma if successful
From: You
To: Friend
Subject: Career question for you

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Kurt’s Answer

Hi There! On becoming successful (which you defined as acquiring a lot of money). I recently watched a documentary on You Tube about Warren Buffett (net worth ~$85 billion dollars). Warren lives in the same home he purchased in 1958 for $31,500. He also purchases modest vehicles (a depreciating asset) and keeps them for a long time (it was recently reported that he drives a 2014 Cadillac XTS). The lesson here is not to deprive yourself, but that acquiring material things does not always bring happiness, or wealth for that matter. What the most successful people have in common is that they believe in themselves (confidence). They find a purpose for what they want to achieve (vision). They set challenging goals for themselves towards achieving the vision (planning). They acquire the skills needed to reach the goals either upskilling themselves or partnering with others who already have the capabilities and skills (preparation). When they fail at their goals they don't quit, they learn from their setbacks, and find a new path to keep moving forward (commitment). This is what leads them to new and many times lucrative opportunities (creating their own luck). What less committed people attribute to luck was created through the confidence, vision, planning, preparation, connections, and commitment these "successful" people adhered to in their lives. If you lack capabilities and skills, or you surround yourself with bad influences or lack of good influences; if you have no investment income, no savings, and bad credit rating, then you will not be in a strong position to take advantage of these opportunities (luck) when they present themselves. Here is what Warren Buffet recommends to get started on the path to success, and I've done this as much as possible for the last 25 years. I'm no billionaire but I'm setting myself up for a very comfortable retirement:

Kurt recommends the following next steps:

Pay yourself first- save or invest 10% of your take home pay before you spend it on anything else, if you can't afford 10% then start with a smaller amount but do that first, direct deposit into an investment account or savings account works well to make sure you don't have to think about this. Over time investing in an asset like index funds, or real estate can accumulate/compound into a significant amount of wealth.
Don't overspend your capability to repay or finance your lifestyle using high interest credit cards - this is a sure-fire way to get in trouble financially. You will not accumulate wealth paying someone else 20%+ interest. Create a budget and stick to it.
Surround yourself with people who have a healthy relationship with money - If you get caught up in keeping up with the Joneses, when you can't afford to, you will end up in trouble. Live within your means and invest as much as you are able.
Invest in yourself- your capabilities and skills are you biggest assets. You will never go wrong educating yourself with highly sought after creative, and technical skills.
Find and follow your passions - you will be much more successful and can endure the inevitable hardships in life if you love what you do and feel like you are serving a bigger purpose than yourself, like helping people or saving our planet.
Thank you comment icon Well Said. Vamshee Gunturu
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Carol’s Answer

Angel,

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.
Some examples:
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:

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. Some examples: 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?
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Paul’s Answer

I agree with many of the elements decribed in the answers.

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.
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Rebecca’s Answer

Thank you for your question. It's really subject to how long you define success.
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!
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david’s Answer

First, you have already received some outstanding responses, encouraging you to rethink the goal of just wealth. I will, instead, attempt to respond to your question as asked: how to get rich.


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.
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Mark’s Answer

To be successful I recommend making sure you attend all your classes in college if you plan on attending college. Money isn't everything, so you want to chose a career that you enjoy, that way you enjoy getting up and going to the job that makes you happy. It isn't good for your overall health to be in a job or career/field that you don't enjoy because then you will constantly be stressed and that isn't good for you or your employer. Not everyone needs to go to college to become a successful person, so I recommend that you do your research and see if the career you are interested in requires a degree or if you can just apply for the job and gather experience. Looking online for this info is the best recommendation I can provide, there are people you can speak to about your questions you may have and I'm sure that they would be willing to help guide you in the right direction. I have faith that if you do your research and have a plan, you can do anything. I wish you the best in your future career and overall health.
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Guillermo’s Answer

Sports, exercise, Education and discipline. You will find what successful means to you along the path. Find your best skill and work on it, get it better every day and success will come by itself.
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Pam’s Answer

It's about hard work, perseverance, and networking. It's also about working well with others and becoming that employee that makes your bosses job easier. Never stop working on yourself and learning more about the job and industry in which you work. The most successful people I know don't let fear stop them from facing challenges and are always learning and growing as people and professionals. Take charge of your career and don't stay in a job longer than you want to because it's comfortable. Keep looking for what you want and go for it!
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Brandon Thomas’s Answer

Every payday is an opportunity to embark on an exciting journey towards financial growth! No matter how small, set aside a few dollars to invest in your future. With patience, persistence, and a positive mindset, watch in awe as your savings blossom into a respectable nest egg. Remember to think of your savings as a precious treasure, separate from your monthly spending budget. Just like magic, when I began saving a mere $5 per pay period, I discovered a healthy sum to invest after just a year. Believe in yourself, and embrace the power of consistent saving – the results will truly inspire you!
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Daniel’s Answer

Great Question Angel!

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:

Read Dream Big by Bob Goff
Read the The 4 Disciplines of Execution: Achieving Your Wildly Important Goals by Chris McChesney, Sean Covey, and Jim Huling
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Segu’s Answer

Becoming successful is a multifaceted and complex process that can vary depending on one's definition of success. However, here are some general tips that may help you:

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.
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