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Financial Success and Self-Improvement

In my five-year research project studying the daily habits of wealthy individuals one of many of the startling discoveries I made was in the area of career-related self-improvement. Wealthy individuals are fanatical when it comes to career-related self-improvement. Day in and day out wealthy people engage in career-related self-improvement. I identified four key strategies they use to maintain, improve or create new job skills. These strategies are an integral key to their financial success and wealth accumulation. Think of financial success as a ladder. Each one of these strategies is a wrung on that ladder, getting you closer and closer to the top – financial success. This article will address each one of those strategies.

The Four Strategies To Financial Success:
#1  Reading
Wealthy individuals read everything they can get their hands on relating to their career and industry. More often than not this includes industry periodicals, industry alerts, newsletters, career/industry-related informational email, books, articles from general information magazines that discuss a topic related to their career or industry, newspaper articles that relate to their career or industry, and ezine articles (internet articles). They devote anywhere from thirty to forty-five minutes each day to reading. This helps raise them a wrung, up the ladder of success by making them aware of more opportunities. 

#2  Writing
Writing is a form of communication. It not only requires extensive reading to help you better understand the topic but it also requires a more comprehensive understanding of the topic so you can communicate better in your writing. Many wealthy individuals write articles for magazines, newspapers, their company or industry newsletter, for an internet article (ezine) or for a book. Because writing requires a more extensive understanding of the topic than reading it forces you up another wrung on the ladder of success helping you see more opportunities than reading alone ever could.

#3  Speaking
Like writing, speaking is a form of communication. Speaking requires more attention to detail than writing due to the potential real-time interaction with an audience who may have questions regarding the topic of your speech or lecture. This need to respond to an audience requires speakers or lecturers to fanatically understand every aspect of the topic in order to avoid embarrassment. It requires intense preparation on the topic of the speech or lecture and because of this, speaking forces you up a higher wrung of the ladder to success than writing.

#4  Doing
Pure mastery of a area requires repetition or doing. Doing represents the highest form of learning. Expertise in a given area is gained by trial and error. By making mistakes individuals are forced to make course corrections in order to get it right. Once you get it right you can master the area only through repetition. Repeating the right way of doing anything results in mastery of the area. 

The wealthiest of individuals utilize all four strategies for success, although many focus on only one or two strategies and yet still reap enormous rewards. No one can become financially successful without incorporating one or more of these strategies in their lives.

Tom is a Certified Public Accountant, a Certified Financial Planner, Author, Professional Speaker and Financial Self-Help Guru. Tom’s groundbreaking financial self-help book, “Rich Habits” (order at: www.richhabits.net), has received 5 star reviews on Amazon.
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