Wealth Creation Blog

I came across an interesting wealth creation and self empowerment tactic the other day, where a person talked about writing a commitment to himself. This struck me as a simple but empowering way to not just set goals (it’s more than that), but to make a contract with yourself to guide you.

Contractual Commitments

Formalizing goals in some way makes it easier for us to achieve them. Like the personal business plan, it gets the goals and benchmarks down in writing and gives us something to come back to regularly so that we can stay on track and remember what it was that was important and why.

This idea goes a step further. It doesn’t just list goals for a period of time (say a year), it makes promises, commitment—a commitment to yourself to do better for you.

Making You Accountable For You

Making a commitment to yourself adds a measure of personal responsibility and accountability that a list of goals just doesn’t have. A list is just that—a list. A list is neutral. A commitment on the other hand is not. It is charged with the kind of dedication, determination, emotion, and levity that you need so that you can respect it and feel accountable to it, and to you.

This commitment can be in any form—a contract, a letter to you, a blog post to you shared with your readers (going public with your goals is motivating!)…a journal entry…any form that you like. The important part is the commitment, dedication, and meaning behind it.

What is that meaning? It is that you matter to you. With this commitment you are finally, formally prioritizing the most important person in your life, the only person who can make your life better so that you can be more to those who rely on and matter to you.

Today is a good time to sit down with yourself and some quiet and make those promises and commitments that you’ve deserved all along. Make a commitment to a better life for yourself, give yourself the due respect you deserve, and walk away feeling all the better for knowing that finally, the financial freedom you want to achieve is a life’s priority because you’ve made it so.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2009

The very idea of writing a business plan intimidates the most successful of businesspeople. Really, though, business plans are not that difficult to write, and your personal Business Plan for Life will be even easier. Don’t stress over the small details, just hit the major points and construct a plan of action for wealth creation that works for you. Remember, this is simply a tool to keep you on track and help you measure your success, while keeping you motivated. Do something that works for you and you’ll be ahead by leaps and bounds.

What Goes Into A Business Plan For Life?

The same basic things that are included in a business plan should go into your Business Plan for Life. You should have a

• Mission – a clear statement of what you are doing and why. This will work wonders to help you remember what you’ve set out to do and gives you something to come back to to reevaluate later and determine how effectively you are meeting these goals.
• Strategy – you need a plan to illustrate how you will achieve your end—a methodology that gives you something actionable and paves the way for your financial success. A commitment to real action!
• Projections – a good business plan has some sort of financial projections. You should have this, too. Initially that might be a projection of how much money or assets you will have by a given date, how much you will save and the return on that savings, or how much you will invest and the anticipated return there. You’ll benefit in several ways by creating these financial projections—you’ll have something to keep you motivated and look forward to, you’ll know what to expect and when, you’ll have a benchmark to measure your success by, and you’ll be able to see if you are reaching your goals or if you need to readjust.

Characteristics Your BPL Should Have

As I said, this is a plan for you and it doesn’t need to be fancy or complex. This is all about the potential and action to create wealth. Remember, too, that this plan can be changed in the future if it is not panning out as expected—businesses do this all the time and it’s how the strong survive and succeed. Allow yourself an element of flexibility and map your pathway to prosperity and wealth creation.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2009

Lack of focus on your goals is a major contributor to stagnation and procrastination. Even though you think you know what you want out of wealth creation and life in general, it’s almost impossible to have enough focus to achieve it without getting intimate with your goals. If this sounds familiar, it’s probably time to attack life from a new angle.

Your Business Plan For Your Life

Any major endeavour that a business embarks on is backed with care and planning. If you apply this same concept to your own life then you will have that forethought and focus that you need. You will also develop a sense of discipline that will help carry over to keep you motivated.

The best businesses, large or small, know where they are going and why. They’ve done the research and know where the money is; they have attainable goals and a blueprint for getting there, all laid out ahead, there for the taking. This is what your business plan for life will be for you. It will become that roadmap to success for you. No longer will you have to wonder what to do next, or where to start. When that question crops up all you have to do is look to your business plan. Just as a business would, refer back to it often so that you know where you are in your plan, what should be done next, and how much progress you’ve made.

Where Are We?

That last part is one of the most important and one of the best reasons to have a business plan for life; it is important that you have a measuring stick for yourself to show you that you have progressed. That way, you won’t feel as though you’ve gotten nowhere; you’ll have something on paper that shows how far you’ve come, and how much closer you are to your individual goals.

Think of your life and wealth creation goals as a business—the most important business—the business of you. Attack personal prosperity with the same purpose and determination to succeed that any good business manager would; if ever there was a good reason to sit down and put some effort into planning and making money, this is it. Come back next time and we’ll talk a bit more about the actual writing of your personal business plan for success.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2009