Do you know the 3 biggest mistakes when setting your money/success goals? When you finish reading this article, you will realize what these three pitfalls are, and what to do instead.
The 3 Biggest Mistakes When Setting Your Money/Success Goals:
Mistake # 1 – You Make a “Million Dollars” Your First Priority
I was in a session the other day on the phone with one of my life-coaching clients, and I asked him what was his success and financial goal, and he said, “Well, I don’t know. I guess a million dollars in the bank.” I said, “You don’t believe that any more than I do. I am sure that you heard some ‘success guru’ convince you that the only way to be worthwhile, prosperous, and happy is to have a million dollars in the bank.”
The point that I want to make is that you don’t have to have a million dollars in the bank in order to be thoroughly happy, healthy, wealthy, and prosperous.
What to Do Instead – Decide How Much You Truly Need to Be Happy and Free
No one wants and needs the same thing, at the same time, as everyone else. I asked my coaching client, mentioned above, if he could earn $10,000 a month or $15,000 a month in his own business, would this make him happy?
He immediately lit up, his voice changed, and he said enthusiastically, “Yes, of course! I could travel, spend more time when my family, and afford some of the luxuries that I would truly enjoy.” What I am trying to say is that each person must decide how much is necessary to live the life he or she truly wants to live.
Mistake # 2 – You Choose a Path that the Trend or “Experts” Say You Will Make Money
If you make a goal choice primarily or solely because it is something that is “supposed” to make you a lot of money without looking at how compatible it is with your talents or interests, you are bound to fail. The reason is that if you are doing something other than what you love, when obstacles and setbacks arise, as they must, your tendency will be to give up and try something else. After all, who wants to suffer doing something he or she doesn’t love?
What to Do Instead – Do Only What You Enjoy and Have a Passion and Talent For
One of the key elements of success is consistent persistence. You will only persist in the face of problems and challenges when you are doing that which you enjoy, love, and have a passion for. Because you love it, you will never give up. This is the deciding factor of your success.
Mistake # 3 – You Attempt to Pursue Too Many Things at Once
A woman once said to me, “I have been trying to achieve success for almost 40 years. I have set some pretty big goals, yet I have not been able to achieve success. I don’t understand.”
Well, I am pretty intuitive when it comes to things like this. Without her having to say any more to me, I would be willing to bet that this lady was a “hummingbird.”
What is the behavior of a hummingbird in a garden? Correct. A hummingbird just flies from flower to flower, tasting one here and one there.
A lot of people are like this as well. They either try too many things at once, believing in the fallacy of immediate multiple streams of income, or they jump from one thing to the next without staying with any one thing long enough for it to bear fruit.
What to Do Instead – Focus and Commit to One Thing Only
You must first know yourself, that is, you must know what your talents are. Once you realize what you have always been attracted to, you focus on doing something that will allow you to express this and only this to the exclusion of a myriad of other possible distractions.
And even if you have multiple talents, you must still choose one, and make that one your path and purpose. This type of focus will give you power and the ability to overcome any obstacle in your path, thus guaranteeing the ultimate success of your dreams.
Quote of This Post – “Your focus is your future.” — Charles I. Prosper
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All the best,
Charles I. Prosper
(Transformational Life Coach)