4 Pillars of Financial Success

Posted by under Personal Finance . Published: August 28, 2017

Do you want to achieve wealth? Are you looking for ways to become rich? Then let me tell you now that there are a lot of ways to become a millionaire, and it’s up to you to choose which path to take.

But before you pursue any of them, you have to first understand the basic tenets that people who achieved wealth believe in. I call them the four pillars of financial success.

Mindset

Wealth always begins in the mind. And if you want to become rich, then you have to think how they think. Particularly, you need to have a growth mindset.

Your mindset determines your beliefs, which dictate your behavior towards different situations and activities. Your behavior and action then ultimately, produces your results.

Hard work, grit, discipline, persistence — these are just some of the things that help a person succeed. However, these behaviors are often a result of having a growth mindset.

Commitment

Financial freedom is a long journey, it requires years of focus and hard work. Understand and accept that building wealth will take time, and it will not be easy.

Commit to achieving your goals. Most do not achieve wealth because they are instead committed to their personal comfort.

Financial success requires a decision that you want it. And you’re willing to dedicate your time, invest your money, and make an effort in order to achieve it.

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Education

A lot of people don’t know how to invest. I’m not surprised because investing is not something we’re taught in school.

But what’s surprising to me is most don’t take an initiative to learn about it.

We live in a fast-changing world. And the best way to keep up is to continuously educate yourself. Be excited about learning and you’ll discover a wealth of opportunities around you.

As a famous quote by American entrepreneur, author and motivational speaker, Jim Rohn says: “Formal education will make you a living; self-education will make you a fortune.”

Action

The last pillar of financial success is also the most important. Having a growth mindset, making a personal commitment, and doing self-education should eventually lead you to take action.

I’ve met too many eager learners who don’t apply what they know because of fear that they’d fail. Some would try, but give up too soon before achieving any tangible results.

Failure is part of success. You will make mistakes. You will lose money.

And that’s okay. Fail forward by learning from your mistakes. And apply what you learned by trying again.

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One Response to “4 Pillars of Financial Success”


  1. […] of setting goals and creating a fail-proof plan, none of it will mean anything if you aren’t persistent and consistent. In other words, the plan may look great on paper but it’s worthless if you don’t actually put […]

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