Editors Note: The following post was written by Mackey McNeill, Founder and President/CEO of Mackey Advisors® Wealth Advocates, who passionately pursue her client’s prosperity.
Are you hoping or planning for a prosperous life? Here is the perspective and method you need to plan, execute and enjoy a prosperous life.
Many people whine about not having prosperity. Playing the victim does gain us listeners and sympathy (and makes good headlines). A Wall Street Journal headline, The Economy Stole my Retirement has hit my inbox 3 times since it was published 8 days ago. The main reason people fail to achieve a prosperous life isn’t the economy, it is planning and execution.
Does prosperity happen to you? Or do you create it? As Jim Collins points out in Great by Choice, We cannot predict the future. But we can create it.
I choose prosperity. I chart my plan and hold myself accountable to it. Here are the tips that will assure me of success.
- Engage your emotions. It’s your passions and desires that give you the energy to succeed. If your goals are not aligned with your passion, then the actions required to achieve your goals will be like the chores you hated as a kid rather, than the exciting steps to achieving your goals. Like Jillian Michaels says, “If you have a why, you can endure any how”. When you align yourself with your passion, the journey is joyful and fulfilling.
- Be honest. Many of us are in partnership through marriage, business, or living arrangements with a significant other. This makes them a partner in your prosperity. It is often easier to say what you think your partner wants to hear rather than be clear, direct and honest. Each party has to be true to his or her own desires, and deserves to have their wants and needs respected in the relationship.
- Be bold.. and achievable. You want to make the best out of every asset you own. Assuming a 20% return on your closely-held business might be reasonable, but not likely achievable each year. Your business might sell for 10 times it’s earnings, but more likely 3 to 5. Go for the bold and set your spending plan for the clearly achievable. Anything above your plan is gravy and creates an opportunity for a fun choice in your life.
- Choose thoughts that support you. Napoleon Hill wrote Think and Grow Rich in 1937. It is as relevant (and a bit chauvinistic in tone) today as it was then. One of his most famous quotes is: Whatever the mind can conceive and believe, the mind can achieve. To be prosperous you must think prosperous thoughts. For me this often involves reframing. Instead of, ‘I can’t believe I made that mistake’, I try, ‘Thanks for the great lesson, I am glad it’s behind me’.
- Avoid the “trust me” scam. It doesn’t matter how much you think you know someone, or how much you respect the person who referred you. If someone is promising a risk free, above market return, run, do not walk, to the nearest exit. Every scammer out there relies on you to put your faith in them rather than in yourself. Trust your instincts, do your research, and build your plan with honest, transparent advisors.
- Be specific and measurable. If you don’t know where you are going, any path can get you there. If instead, you are choosing to be prosperous, the only path is to get clear about what that looks like for you. Prosperity is personal, so naturally, the goals and steps to prosperity are as unique and individual as you are.
- Set a clear intention. There is no more powerful exercise than to write a prosperity intention statement. Before you can achieve anything, you must first intend it. My prosperity intention is: I create wealth for myself and others. I model sustainability. I live in concert and dance with nature. I contribute. Once your intention is clear, choices are easier. When I am fuzzy on a decision, I ask myself, which choice supports my intention? This question always brings immediate clarity.
Note: If you’re interested in learning more about this process, contact me. I can share more specifics and tools through our upcoming webinars and seminars. Ready to be prosperous? Don’t hope for it: intend, plan, execute… and enjoy.