Chris Childs

The Road Less Travelled

It’s amazing how different our lives can be based on the decisions we make. In particular, decisions made by those who have accumulated wealth to those who have not.

When you read about highly successful, self-made millionaires who grace television screens and headlines, more often than not there are stories of major failures and often complete financial ruin in their backgrounds. And yet, we hear of them again and again.

So, how can we make the right decision when we come to those make-or-break forks in the road?

In my experience, there are a couple of common attributes that are shared by self-made millionaires:

  • They are decisive Millionaires make hard decisions. Sometimes it requires being brave and being willing to ‘take the road less travelled’ – to do something different. They don’t procrastinate.
  • They are Proactive Millionaires tend to utilise their time wisely. They continue to learn and are always searching. They make the most out of their minutes which means they get great things out of their hours.
  • They are Positive They believe in living ‘above the line’. They take responsibility for their own actions and decisions. They don’t grumble and moan and blame others for the things that go wrong. They look at what went wrong, adjust their direction and move forward.

If you want to be a millionaire, you need to act like a millionaire. I don’t mean go out and spend a bunch of money you don’t have! I mean you need to look at what the rich do and learn from their successes.

As wealth creators, we are building an asset base which will give us the income we need for a comfortable life of freedom and choice. I recently read a study done by a man called Tom Corely (an Author and Accountant) who studied a large group of wealthy people and a large group of poor people.

This is what he discovered.

10 Daily Habits of the Rich

  1. Seven out of ten rich people eat less than 300 junk food calories per day. Over nine out of 10 poor people eat more than 300 junk food calories per day.
  2. Poor people gamble more than twice as much as rich people.
  3. Over seven out of ten wealthy people exercise four times a week. Less than a quarter of the poor do this.
  4. Nearly seven out of ten of wealthy people write down their goals vs. two out of ten for the poor.
  5. 16 times more poor people watch reality TV.
  6. Wealthy people are 8 times more likely to focus on accomplishing goals.
  7. Wealthy people are 3.6 times more likely to enjoy reading.
  8. Rich people are 12 times more likely to listen to audiobooks on the way to work.
  9. Nearly half of the wealthy wake up three hours before work starts versus three out of 100 poor people.
  10. Wealthy people are 44 times more likely to educate themselves for 30 minutes or more each day.
    Adopt as many of these habits as you can – and watch your income and net worth accelerate.

It was interesting to read this and compare it to our ‘My BIG Money Goal’ program at Think Money. The similarities were quite amazing.

We teach our clients to do so many of these things, it is no wonder so many of them have changed their financial position so dramatically over such a short period of time.

The basis of My BIG Money Goal is to create a lifestyle change for your money and create a millionaire-mindset. As well as money management, we teach our clients about goal setting and the power of habits, and provide practical educational tips and tricks to help them hone these skills.

It all really comes back to having a millionaire mindset, being decisive, proactive and positive, mixing with the right type of people and moving forward instead of standing still.

Whether you are a professional, a blue collar worker or self employed the decisions we make defines the road most of us choose to take. Most of us choose the safe road most travelled. The road that your parents took, and their parents before them.

The road most travelled, ie. get a good education, get a good job, raise a family, buy a house and pay it off during your working life and then try to scrape together some money to help with a meagre retirement.

We show our clients how to take the road less travelled. How to jump off the ‘normal’ mouse wheel and do something different. Albert Einstein once said, the definition of insanity is to keep doing the same thing and expect a different outcome.

And to quote Seth Godwin’s Blog “INSTEAD”,

“What would have happened if you and your organisation—instead of working on today’s crisis—built something worthwhile for tomorrow?

What would have been discussed instead?

What would have been designed instead?

The urgency of the day feels like an appropriate reason to step away from the important thing we might have been doing instead.

Weeks or months later, we don’t even remember what that urgent thing was. All we have to show for it is the thing we didn’t build.”

Well said Mr Godwin. While that quote was directed at business, the same can be applied to our everyday lives.

What if we spent a portion of our day, every day on improving ourselves, our financial wellbeing and our families future?

Where would that road take us?

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Have an amazing day, and look for the roads less travelled…