This guest post is contributed by Angelita Williams, who writes on the topics of online college courses. She welcomes your comments at angelita.williams7 @gmail.com.
As mentioned here before, financial success isn’t achieved by following a strict set of investing rules, or by clipping coupons and cutting corners. Rather, financial success is dependent on various different factors, some of which are under our immediate control, and some, on the other hand, hinge on pure dumb luck.
I’ve always been of a mind that building up your finances is just like any other goal in life–it’s gained through a multifaceted approach that strives for balance in every aspect of your life. If you make your existence all about becoming rich, you aren’t going to get anywhere.
Any time I encounter or read about someone who is financially successful, I invariably find that they are passionate people who simply love what they do. And so I will here propose an alternative route to building your nest egg–figuring out what you do best, what really makes you tick, and going out there and doing it. It’s that simple.
We are often told “time is money.” Although the phrase has become something of a cliché, if we pick apart what, exactly, this phrase means, we’ll see how true it is. Life is, from the day we are born, a series of trade-offs. If you spend your time engaged in one activity, you are doing so at the expense of another activity. But at the same time, not all activities are created equal. If you want to make the most of your time, and by extension, the most of your money, you’ll need to pack as much qualitative activity in each minute of your day as possible.
To put it differently, if you don’t enjoy what you are doing, if you wake up every morning dreading your work ahead, then you will inevitably be wasting your time. You won’t bring any energy to your work, and your performance, although it may be enough to get through the day for several years, will eventually diminish in quality. The energy drain that a life without purpose in your work creates is enough to put a damper on other goals in your life, whether they’re financial goals or personal ones.
If, on the other hand, you find that you can become absorbed in what you do every day, if you find pleasure in the process of your daily tasks, then you are spending your time efficiently. Efficient time expenditure will bring a vitality to your life such that you will be driven to succeed. Without this sort of drive, your efforts at building up your finances will end in frustration.
At the end of the day, a single-minded desire for money simply isn’t enough to achieve wealth. Talk to anyone has achieved monetary success and you’ll find out that money is only a by-product of participating in work in which you are whole-heartedly focused. Of course, educating yourself about investing and markets is important, as is making wise financial decisions. But success is mostly dependent on attitude. Once you find something that engages your entire body, mind, and soul, you’ll be surprised to find how easy achieving financial success becomes.