What is it that allows investors to achieve their financial objectives? Is it one or two specific things, such as having intricate knowledge of the markets or simply possessing untiring patience as it relates to the timing of one’s investment decisions?
Or, is it instead a culmination of a number of factors that all play a vital role in ensuring an investor’s success over time while pursuing their goals?
Well, one thing’s for sure, I can’t speak for everyone in terms of what has worked for them with respect to attaining their objectives; however, I can certainly share what has worked for me and countless other people that I have read stories about over the past years.
My viewpoint is that in order for an individual to remain focused and consistent as it relates to achieving their respective personal financial objectives, motivation is of paramount importance.
Eliminate The Muda! and Ending The Rat Race have joined forces to bring to you a series about motivation and how it can make the difference in achieving your objectives.
Without motivation, a person can get to the point where just getting out of bed feels like a challenge, let alone honing their skills and efforts towards retiring. So, how do we stay motivated?
The following list marks the beginning of this series, and the threads that will follow will discuss each of the individual tips in further detail. I’m thrilled at the fact that Eliminate The Muda! has decided to kick off the series on this site. Today, we will begin by discussing tip #10 and work our way back to the first one as the series progresses and concludes at Ending The Rat Race.
This list is what I regard to be ten motivational tips that not only challenges the typical investor on a consistent basis, but also acts as a continuous circle, each being rated equal in terms of importance, and each equally impacting success.
You will probably be surprised to notice that some of the tips brought forth have absolutely nothing to do with personal finance; however, they can be considered to be crucial in order for you to be successful in achieving your objectives in the long-term.
Ten Motivational Tips To Achieve Your Personal Finance Objectives:
1. Determining Your Asset Allocation
2. Tracking Your Investments
3. Eating Healthy
4. Exercising Regularly
5. Splurging From Time to Time
6. Living A Frugal Lifestyle And Vacationing Responsibly
7. Spending Time With Loved Ones
8. Getting Rays
9. Treating Others The Way You Would Like To Be Treated
10. Reading, Reading, Reading
As we know how this series will unfold, we shall begin discussing Tip #10.
Reading, Reading, Reading:
When you’re not tracking your investments or doing other pertinent things that relate to your job and other priorities, take the time to read up on personal finance subjects.
The more you read, the more you will learn. Check out your local bookstores for some of the new personal finance releases or simply read the business section in the daily newspaper.
There’s also a wealth of great information in the personal finance blogosphere, such as this site. As a blogger myself, I still haven’t been able to visit all the great sites that are out there in cyberspace. What’s good to know is that there’s always a constant stream of new content being published – so get acquainted. You’d be surprised as to what you can learn from other peoples’ experiences; motivate yourself to broaden your horizons.
Readers, if you were to think of other motivational tips for the average investor trying to achieving his or her objectives, what would they be?
The remainder of this series and the discussion of the other 9 Motivational Tips can be found at Ending The Rat Race!
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