Saturday, September 26, 2009

3 Cardinal Rules of Women Millionaires

We as women take emotional risks all the time, but rarely do we take financial risks. We rent when we should buy. We buy when we should have invested our money in better ways. To support our family, we think jobs when we should think careers. To top it all off, we lose ten good years of saving or investing in our 20s and sometimes even in our 30s and 40s while we’re waiting to find Mr. Right. UGHHHHHH!!!!!!!!!

Rarely do we ever talk about how much money we make, or what’s the best way to be on a fast track to millionaire status. The culture seems to think that when men discuss earning strategies, they are being MEN—and when women do the same, we are ‘gold diggers’. Why is that?

We fear the so-called lonely life that we believe we may face by being successful. But according to Thomas Stanley, author of Millionaire Women Next Door, the median age of women with seven-figure assets is 49; only one in 20 has never been married, and only about 20 percent are divorced. Besides who has time to be lonely when you are building an empire? Not only that, you’ll find the men that you do attract are either millionaires in the making or they’ve made it. How sweet is that?

Women should do what men do: Create the money. Success is a choice. You have an obligation to yourself—to make you your first priority. You don’t have to give up love or family in order to reach millionaire status. One of the most misquoted versus of the bible is I Timothy 6:10. I have often heard….. Money is the root of all evil. That is NOT how the scripture reads. It reads, The ‘love’ of money….. So success nor money is evil.
The 3 Cardinal Rules:

  • First, BELIEVE that becoming a millionaire is within your power. You would be amazed at what you can create just through believing. If you haven’t yet read my post “The King of Kings vs. The King of Pop”, I suggested you give it a read now. Faith of a mustard see can bring much about.
  • Second, always look to improve on your talents/gifts. Make sure you are doing/being what you love. If you are doing something just for the money, the money will never come. Continue to educate yourself about your area of expertise. Then do your research. Will your business be profitable in the area you live. Recently I had a client call to tell me they were having some trouble with the competition. Well, I don’t believe in competition. But that’s a subject for another post. He was concerned on whether or not he would be able to earn a living doing what he loved in the area he lived. My answer…….MOVE!!!! You have to be open to risks.
  • Third, work hard. Set your sights high and go for it. Exam your surroundings. If you are doing/being more than anyone else around you, then you need to start moving around. Surround yourself with like-minded people. Associate only with people who have similar goals and plans for their lives. If not, you’ll find yourself at ground level instead of up in the clouds.

I know these 3 rules seem simple. And quite frankly, they are. Simple, but hard all at the same time. Just working on your belief system can be a challenge. Not only will you have to contend with the outside voices of ‘you can’t, you shouldn’t, you won’t', you’ll have to learn to quieten the voices inside your own head. For me, the daily challenges are so well worth it.

To creating wealth beyond your imagination,

J-licious

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