Want to know why some people succeed and others struggle?
Accelerate your way to achieving everything you want!
These are the 5 top tips to help you have the Midas touch in everything you do.
This article is written by a Financial Horse Contributor.
1. One goal at a time
One of the biggest mistakes people make is setting too many goals.
On the other hand, if you focus on one goal at a time, all your energies can go toward it and you’ll find yourself succeeding much faster.
Choose one goal at a time, and work on it.
2. Anything worth doing takes time
If you want to do something great, don’t be impatient.
Anything worth doing takes time.
Habits take time to set in.
According to research, on average, it takes more than 2 months before a new behavior becomes automatic — 66 days to be exact.
Small actionable steps every day helps you keep going.
Take time to create good habits.
Once you’ve ingrained good habits, you won’t even need to think about it, and achieving your goals becomes effortless.
3. Reduce decision fatigue
Successful CEOs do this all the time, they reduce decision fatigue.
This is why Mark Zuckerberg wears the same clothes all the time.
Successful people reduce decision fatigue by automating areas of their life.
Smart things to automate include:
- what to wear
- what to eat
- when to work out
- finances
- bill payments
- savings
- investing
- insurances
4. Decide your non-negotiables
Make the important things non-negotiable in your daily routine.
Example goal #1 Losing weight
Decide your non-negotiables.
For instance, make having a healthy breakfast a non-negotiable. Pre buy and decide what you eat for the week.
Or make it a non-negotiable that you will take the stairs every day, either at your office or home, and just do it.
Example goal #2 Save $10k in 3 months
Non-negotiables could be you will bring lunch to work every day or stick to a $5 budget, you won’t takeaway coffee/drinks, you will automate 30% of your pay every month to a separate savings account by GIRO
Example goal #3 Build a $100k investment portfolio
Non-negotiables could include:
- Automating 25% of your pay into an account that is earmarked for investments
- Set up your brokerage accounts (see the best brokers for Singapore investors)
- Deciding which 3 stocks you will like to start with and executing the trades
- Setting up stocks price alerts on your phone
- Rading for 20 minutes every day to build financial knowledge (read FH, join our newsletter!)
These seemingly small things add up, snowball and compound.
Before you know it, you will have established routines that guarantee results.
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5. Positivity
Successful people surround themselves with positive energy.
They think positive, and think big.
Avoid negativity and things that bring you down.
Negative energy comes from complaining, blaming others, and being unproductive.
Instead, turn on the positivity.
Embrace knowledge, find mentors and like-minded friends.
Make the decision to turn away from negative people and negative behaviours.
Know that you can achieve your goal, and eliminate negative talk in your head.
Believe you can and you will.
Mr Horse,
Looking forward to a new article on general macro environment.
Looks like the market is going dizzy over another hawkish pause.
But has anything actually changed?
Have the chances if a financial accident decreased in the next 6 mths?
Shared views on Patreon just this week, do sign up if keen: https://www.patreon.com/financialhorse
Big change this week was the Treasury shifting to issuance of short dated bonds, which sparked a big rally in the long end.