“Beneath the rule of men entirely great, the pen is mightier than the sword.” Baron Lytton Richelieu

Do you ever get an idea and forget about it in the next 5 minutes? And, do you ever try to remember the idea you thought of earlier and find out that you have forgotten what it was about? Well, sorry to say, but the idea you thought of, would probably got you a million dollar. If that happened, it would be disappointing to figure out that someone who had a quite similar idea is now drinking cocktails on a beach side somewhere in the Caribbean’s because of that particular idea.

What can you do to succeed and to not forget those thoughts? Just try to follow the simple steps below, that might be insignificant as you might read right now, but believe me, they are important, and can get you rewards that you never thought of.

1. You should not feel bad for not recalling the idea.

That idea was probably a lot of money to let go of. However, the only thing you can do about it now is learn from you past mistake. I think the saying is, “what doesn’t kill you can only make you stronger.” It is a bit of a cliché but it will suffice. Therefore, the answer to fixing your past mistake of not remembering your million dollar idea is priority.

2. Carry around a pen and notepad with you wherever you go.

Take those two life changing tools everywhere! This is an important course of action and you need to make it work. If one day you achieve the action of placing a pen and notepad in your pocket and finally make it a routine, you increase your odds of finding your financial dream and freedom. But, those odds can further increase in size.

3. Every time you have an idea, write it down.

Do not be lazy and hold it off for later notation because you will once again be one with that bad habit. And if you decided to further that bad habit, I hope that you see a person with that same idea as yours making a ton of money. This is only because that occurrence will drive you to write down all your ideas into the notepad.

4. Make them work.

One more thing to bring it up is that you should put the ideas you have in your notepad to work. No idea will make you money if they are not put into a state of making money. Most of the time the conscious thought about making money will not make you money. You also need to visualize what you want on a paper. Anyways, you have to actually sit down with your potential money making idea and see the steps it will take to achieve your goal of getting those money.

Overall, without any ideas that can potentially bring you wealth, there will be no money. If you have an army of ideas in that notepad of yours, you will probably have some extravagant future to look forward to. The more ideas you have to work with, the better your odds are of becoming rich. It makes logical sense. Think about it.

Carry around a pen and notepad with you wherever you go!

“The primary difference between rich people and poor people is how they handle their fears”

Knowing how to manage risk is one of the prerequisites of financial literacy. Once you’ve fulfilled all the prerequisites and become fully literate, does financial freedom follow? Not necessarily. Certain personal obstacle can prevent even the most financially literate from developing abundant wealth. Despite all their knowledge, they’ll continue working full time just to pay the bills instead of living the life they dream.

By learning to recognize personal obstacles, you can overcome them. Here are the obstacles that you should overcome to develop abundant wealth.

1. Fear.

Fear of losing money is the main reason 90 percent of the population struggles financially. But fear isn’t the real problem. It’s how people handle fear that matters. The primary difference between rich people and poor people is how they handle the fear of losing money. Some people, when hit with a financial loss give up. Others transform the loss into a win. Losers are defeated by failure. Winners are inspired by it. The real reason for lack of financial success was that people play to safe. People are so afraid of losing money that they do lose it. These are people, driven by fear, playing not to lose. Having a financial plan for security and comfort first are important. But if you have any desire to become rich, you must focus, not diversify.

If the prospect of failure frightens you, then play it safe. Keep your daytime job until you have enough cash to invest and consult with a financial planner. But if the prospect of failure inspires you to fight and win, maybe you should change yourself to change your financial habits. Educate yourself and take some financial risks. The more education you have, the less risk there will be.

2. Cynicism.

All of us have some Chicken Little in us. Chicken Little is a doom and gloom attitude toward life. It’s a classic cynic. If you want to be rich, you need to stop listening to their clucking. We hear that noise all around us, from friends, family, co-workers, and the media, and we tend to fear because inside each of us is a little bit of chicken. Why should we ignore the cynics? Because cynics never win. It’s the people who read a situation correctly who end up winning, the analysts. Cynicism blinds you to opportunities, while analysis opens your eyes to possibilities. One leads to paralysis, the other to action.

Think of things you don’t want to happen and things you do want to happen. If your “I don’t want” outweighs your “I want”, you may be letting doubt and fear close your mind instead of open your eyes.

3. Laziness.

Busy people are often the laziest. Busyness is a form of avoidance. If you stay busy you can avoid some of the things you don’t want to face like exercising or taking care of your wealth. What’s the cure for laziness? A little greed. But too much of greed isn’t bad? Too much of it, yes. An excess of anything is bad. The fact is that all of us secretly harbor a desire to have new or exciting things. We have been told by our parents and others to suppress that desire. We have made to feel guilty about it. In truth, guilt is worse than greed. Guilt stifles dreams. When we stop saying “Life is too hectic to change it” and say, instead “It’s time to find new ways to earn wealth”, we begin to cure ourselves of our busy laziness. Make a list of what you really want, and don’t limit it according to someone else’s idea of what you shouldn’t have, be truthful with yourself.

When your list is complete, step back and appraise it. Don’t ask yourself whether you can afford the things on your list, but rather how can you afford them. This fresh appraisal will create a stronger mind and more dynamic spirit, helping you to shed your lazy ways.

4. Bad Habits.

When you pay for your bills at the first of the month, do you have something left? Probably not. If so, that’s the main reason you’re struggling financially, you have bad habits. The worst financial habit is to pay your creditors before you pay yourself. That doesn’t mean you shouldn’t pay your bills on time. What it does mean is that you should pay yourself first even if you are short of money. How can you pay yourself? It’s all a matter of motivation. The creditors will scream louder if they aren’t paid, not you, they are bullies and because they are bullies the pressure to pay them will be so great that it will force you to seek sources of income other than what you are making working for someone else.

What laziness won’t get you to do, pressure will. By paying yourself first, you will become mentally and financially stronger, and better equipped to vanquish the bullies.

5. Arrogance.

Arrogance is ego plus ignorance. The ignorance is hidden behind the ego. Many people try to bluster their way through financial discussions when they don’t know what they are talking about. They are not lying, but they are not telling the truth either. The world of finance is full of people who don’t know what they are talking about. In financial matters, it’s easy to stumble over your own ignorance and fail. When you are arrogant you believe that what you don’t know is unimportant. In truth, what you don’t know is as important as what you do know.

Instead of arrogantly hiding your ignorance and buffing your way to failure, start educating yourself for success. The real measure of your arrogance is brutal honestly, in your heart you are aware of what it is you don’t know, no matter how well hidden from the world it may be. Go ahead, admit your ignorance.

6. Disappointment.

Dou you react with disappointment when things don’t go as you would hope? Many people turn disappointment into a long-term liability. “I should have known I would fail” these are the words of people who have let disappointment stop them from learning. As you get ready to embark on your journey to financial freedom, “prepare yourself for disappointment.” Why? because if you are prepared for disappointment, you have a chance of turning disappointment into an asset.

Preparing yourself for disappointment doesn’t mean you won’t still be upset and concerned. But if you are prepared, you won’t beat up on yourself too hard. This is important, since being too hard on yourself will make you overly cautions about taking risks or trying new ideas. If you can face your failures, control your emotions, and use disappointment to learn new financial skills, you will flourish.

Can you overcome the six obstacles? Let them hinder you, and you will find yourself following the path poor man, working harder and harder for money and having less and less time with your family. Conquer them, and you will find yourself following the path of rich man, full of confidence and having your money work hard for you.

“If you’ve invested 100 $- million in something, you’d want to know how that money is being spent” Harry Palmer

Money can come easy if you put some passion in making them. You have to develop your talent, put some hard work and brains. Of course, there are people luckier then others. That’s a simple fact of life, but you can create luck.

So when it comes to money, you might be broke or in debt, but your luck can be changed. You have to work a little bit on that, so keep reading and learn how you can do it.

1. Learn To Be A Good Investor.

To be a good investor it requires financial intelligence that should be constantly improved. You have to start reading a lot of books and magazines, the great idea can come without even knowing. Inform yourself from local, national, even from global news. Any information you get from TV or newspaper, you need to learn something from it, keep your mind open. That’s how you start to become a good investor.

2. Start Buying Stocks And Bonds.

Buying Stocks and Bonds is a dangerous game, and everyone can afford it. First of all, get a investor advisor, without him don’t even try investing, because it will get you in trouble if you don’t know the market. This game will bring you something to lose and something to win, so do your home work before you invest. Always research what you buy, if it has potential. If you decide to go on market to buy a company, study that company first, understand what they do, don’t buy just because everyone else is buying.

3. Decide How Much Risk To Assume When Investing.

We all have the same question: How much money will I lose? If you can’t afford to lose, play it safe. You don’t need a good investor to tell you that. You have to chase impossibilities, few every get rich easily, so assuming risk its part of the success. If you find yourself in a situation that you think that it can be done, ask yourself whether financial guarantee is really the right decision. You don’t want to lose that chance of using the opportunity that will come around and then see someone else taking advantage of it.

4. Control Your Finances.

Pay attention to what you have, if you see a drift that you don’t like, change it. If you think that your stocks are well or the value of your business is growing, because someone told you that don’t trust them. Check your numbers and your business financial status by yourself. You have to know where your finances stand, control them always. It will take perseveration and preparation for your investment to grow.

5. Motivate Yourself Financially.

If you have a great idea, don’t lose time, don’t just sit there and be lazy. You should always focus your time, energy, and efforts on your priorities. There is nothing more deteriorating having a great idea and letting it go and do nothing with it. Being rich isn’t easy but isn’t passive state either. Time is valuable then money, if your run out of it, you can start over, but if time runs out there isn’t nothing you can do about it.

6. Manage Your Debt.

If you find yourself in a debt, try having a complete view on the situation and ask yourself some questions. How much is your debt? What steps should to be taken to get out of it? Debt needs to be managed, and the only one who can do it is you. Cut your expenses, make minimum payments to avoid bad credit. If it doesn’t work, then consult an expert in debt reduction. There are a lot of alternatives to take in consideration.

So, if you started to become an investor, try to enroll for financial courses, try to understand the basics of investments, financial education will bring you money. You will learn how to apply some principles, you will get experience and it will be easier for you to implement them in your life.