Comments on: I Want To Be Rich Someday! How To Set Solid Finance Goals http://www.thehappyrock.com/2007/07/25/i-want-to-be-rich-someday-how-to-set-solid-finance-goals/ Getting out of Debt, Getting off the Couch, and Getting into Life Sun, 29 Jan 2012 16:23:20 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Shannon | Nuclear Success http://www.thehappyrock.com/2007/07/25/i-want-to-be-rich-someday-how-to-set-solid-finance-goals/comment-page-1/#comment-9373 Shannon | Nuclear Success Mon, 13 Apr 2009 01:58:19 +0000 http://www.thehappyrock.com/2007/07/25/i-want-to-be-rich-someday-how-to-set-solid-finance-goals/#comment-9373 I have to agree with Mark. It's one thing to say you want to be rich, it's another to state that you want to earn $120,000 a year. The latter is a tangible amount that you can create a plan to obtain. By stating a specific amount of $120,000 a year you can break this down into manageable chunks that you can begin today towards achieving. As an example, if you're in sales and you make $50 commission for every sale, then you know that in order to make $120,000 a year, you'll have to make 2400 sales. If you break this down into manageable chunks this would be 200 sales a month or appropriately 7 sales a day. Now based on your experience you know that you get about 1 sale for every 10 people you talk to, then you now know that you need to speak to at least 70 people a day in order to reach your goal. But this is only half of the picture. If this same sales person was smart he would take a portion of his commission to invest in other things. By having his money work for him to earn more money and then by reinvesting not only the principle, but the interest earned, it won't take long before this sales person has reached his goals. Marrisa's suggestion <a href="http://www.nuclearsuccess.com/tag/napoleon-hill/">Think and Grow Rich by Napoleon Hill</a> is a great book on developing a successful mindset. It's actually one of my favorite (if not the favorite) book in my collection. Another amazing book and one I actually recommend more if you want to learn more about actually getting rich by better managing your money and actually have your money make money for you is <a href="http://www.nuclearsuccess.com/tag/george-clason/">The Richest Man in Babylon by George S. Clason</a>. This book has completely changed how I look at managing my money and shows in very easy to understand stories that saving money can actually make you rich. Shannon I have to agree with Mark. It’s one thing to say you want to be rich, it’s another to state that you want to earn $120,000 a year. The latter is a tangible amount that you can create a plan to obtain.

By stating a specific amount of $120,000 a year you can break this down into manageable chunks that you can begin today towards achieving.

As an example, if you’re in sales and you make $50 commission for every sale, then you know that in order to make $120,000 a year, you’ll have to make 2400 sales. If you break this down into manageable chunks this would be 200 sales a month or appropriately 7 sales a day. Now based on your experience you know that you get about 1 sale for every 10 people you talk to, then you now know that you need to speak to at least 70 people a day in order to reach your goal.

But this is only half of the picture. If this same sales person was smart he would take a portion of his commission to invest in other things. By having his money work for him to earn more money and then by reinvesting not only the principle, but the interest earned, it won’t take long before this sales person has reached his goals.

Marrisa’s suggestion Think and Grow Rich by Napoleon Hill is a great book on developing a successful mindset. It’s actually one of my favorite (if not the favorite) book in my collection. Another amazing book and one I actually recommend more if you want to learn more about actually getting rich by better managing your money and actually have your money make money for you is The Richest Man in Babylon by George S. Clason. This book has completely changed how I look at managing my money and shows in very easy to understand stories that saving money can actually make you rich.

Shannon

]]> By: money funk http://www.thehappyrock.com/2007/07/25/i-want-to-be-rich-someday-how-to-set-solid-finance-goals/comment-page-1/#comment-5649 money funk Tue, 19 Aug 2008 15:43:51 +0000 http://www.thehappyrock.com/2007/07/25/i-want-to-be-rich-someday-how-to-set-solid-finance-goals/#comment-5649 Marrisa is right. Nepolean's Think & Grow Rich offers some valuable advice. And so does this blog topic. Bravo to you and Financing your Family on this much needed subject. Marrisa is right. Nepolean’s Think & Grow Rich offers some valuable advice.

And so does this blog topic. Bravo to you and Financing your Family on this much needed subject.

]]> By: Marrisa http://www.thehappyrock.com/2007/07/25/i-want-to-be-rich-someday-how-to-set-solid-finance-goals/comment-page-1/#comment-195 Marrisa Thu, 26 Jul 2007 07:24:23 +0000 http://www.thehappyrock.com/2007/07/25/i-want-to-be-rich-someday-how-to-set-solid-finance-goals/#comment-195 Hello! In my opinion Napoleon Hill''s "Think and Grow Rich" is the best guide to success. I posted on y blog some things about Hill's principles of success and I also made a sort of parallel between success and failure. (http://mariaflorea.blogspot.com) Best regards! Hello! In my opinion Napoleon Hill”s “Think and Grow Rich” is the best guide to success. I posted on y blog some things about Hill’s principles of success and I also made a sort of parallel between success and failure. (http://mariaflorea.blogspot.com)

Best regards!

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