- Reflect on being financially independent
- Track expenses for 30 days
- Brainstorm ideas for increasing your nest egg
- Brainstorm ideas to declutter and simplify your life by dropping or reducing expenses
- Set your money goals and define your circle of allies
Three Tools for Success in Becoming Financially Independent
1. Goal Setting and Structure
Without a plan of action, you will achieve little. By creating a game plan for success, you establish a path, and the steps are clear. All that is required is a focus, the support that is provided by your circle of allies, and the desire and perseverance that can come only from you.
The structure is what keeps you on track, especially during times of challenge and discouragement. When the inevitable stumbling blocks appear, you must not only continue to put one foot in front of the other, you also have to know which foot goes first.
2. Circles of Support and Accountability
Without a supportive community, a person can become isolated, lonely, and discouraged. By surrounding yourself with allies — family members, friends, helpers, and colleagues who are willing and eager to see you succeed, the path to balance becomes joyful and easier. Your commitments to action are only as good as the actual work you do.
Your chances for accomplishing this work are increased significantly by having someone hold you accountable, check-in with you to find out what progress you are making, and offer a level of encouragement that is difficult to achieve on your own.
3. Reality Test
Each individual must operate from a high level of certainty and acceptance that the goal is achievable and worthwhile. Until you truly believe in your goal, the necessary passion and motivation required for success are missing. Can you believe in your own new reality?
From the book: Enough Money, Meaning & Friends ~ By Scott C. Miller
To learn more about Scott Miller, please see his website here.