Author : Sean Rasmussen
In truth, wealth creation does not start at the beginning, it starts at the end An effective plan for wealth creation begins by setting an end goal
Three Steps To Financial Wealth
From the moment you decide to embark on the path to financial independence, you need to take steps to change the things in your life that are not working for you This starts with how you approach and manage situations placed before you
If you have not yet achieved financial freedom, it is likely that you have approached everything thus far in the way that most people do
Most people go about their lives in a flurry of activity; they react to every situation that comes their way and they are always doing something, yet accomplishing next to nothing of true importance in terms of reaching their end goals of financial independence This is why most people spend their entire lives always doing, but never improving their financial situation
When it comes time to manage a situation, the first thing people ask themselves is, “What should I do?” But asking yourself this question implies activity, not necessarily action You make a move that acts without accomplishing anything
There is a time and a place for taking action, but there are important steps that must be taken first so that that action is effective A simple three-step planning process can make all the difference in the world
This process, as presented by Jamie McIntyre of the 21st Century Academy, can be reduced to three simple words: Results, Purpose, and Action (RPA)
RPA planning is a more targeted, more focused, results-oriented approach to dealing with the important circumstances life deals By applying RPA to financial matters and efforts at creating wealth, you set yourself up to make effective decisions that will achieve the end goal you have identified
To implement RPA, tackle every situation by first being
1 Focused on Results; know what you plan to achieve in both the long and short term Weigh how your management of this particular situation will impact your end goal, and let this guide the decisions you make
2 Driven by Purpose; know why you want to meet that end goal and let that be the driving force that compels you to succeed Even if you do not achieve your end result on the first try, staying purpose-driven will help you persevere until you do
3 Orient yourself to Action; with your result and purpose in mind, design a plan of action that will effectively meet your wealth creation goal Create a specific action plan so that you are doing more than just doing – you are acting and making a difference in your financial life
Applying RPA To Your Financial Life
RPA is an effective way of dealing with any of life’s circumstances but it is especially useful in matters of wealth creation Too often, our response to financial quandaries is to react rather than act The consequence of this is that we are continually making the same decisions, and the same mistakes We become caught in a cycle of financial activity, but never break free from that cycle to move forward and create wealth
Using a system that is results focused, purpose driven, and action oriented helps us take every situation as a unique opportunity for financial success Each situation is treated separately and independent from the whole, yet always with the purpose of moving towards wealth creation The effect of this is that in the end we have taught ourselves to evaluate every situation on its own and place it in its rightful place in terms of completing the whole puzzle Becoming results focused and proactive is an important step in developing the mindset necessary for succeeding in creating wealth
Sean Rasmussen is a stock market and property investor. He likes topics of Self Improvement and teaches wealth motivation. His wealth creation blog deals with topics of making money and generating passive wealth.
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