WEEK-50

You Get What You Focus On

AFFIRMATIONS

for

Meditation and Reflection

I know in the depths of my heart that I want to have wealth and that it will become a reality.

I am focused on those things I need to do in order to acquire wealth and fund my future lifestyle.

I am paying myself first and putting aside a part of everything that I earn, which creates greater rewards and brings me closer to achieving my goals.

If no burning desire for wealth arises within you, no wealth will arise around you. Having definiteness of purpose for acquiring wealth is essential for its acquisition.

—DR. JOHN DEMARTINI
Self-made multimillionaire and author of Riches Within

If you want to enjoy greater cash flow and have a wealth of invested capital that pays dividends, decide right now from the deepest place in your heart to accumulate wealth in your life. Don’t worry yet about how you will accomplish it. “You get what you focus on” is a rule that applies to almost everything in life, whether it’s buying your first home, reaching your sales goal, building a business, or winning a competition. But it’s especially true when it comes to acquiring wealth.

The first step to becoming wealthy is to make a conscious decision to become wealthy. The next step is to decide what “wealth” and a rich lifestyle mean to you. Hopefully, you defined your financial goals in Week 3: Decide What You Want to Be, Do, and Have and already have a vision in place. If you don’t, do it now. You can’t get very far in the area of wealth-building without knowing what you want, creating a goal, and visualizing your success.

I know in the depths of my heart that I want to have wealth and that it will become a reality.

Do you know what it costs to finance your dream life today—or in the future? To make decisions and plan for your ideal lifestyle, you’re going to have to research today’s costs and estimate your future costs. Most people say they want a life of luxury, but they’ve never truly defined what that means. Let’s do that now:

Determine what it would cost to do or acquire everything you want. You would likely need money for luxury housing, food, clothes, insurance, cars, philanthropy, vacations—in addition to continued investing or saving.
Visualize those activities and possessions in detail, writing down those details so you can research what it will cost to fund them. For instance, while many people say they want to own a yacht, they have no idea what that really entails—including maintenance, slip rental, insurance, fuel, perhaps even a crew?
Determine how much you’ll need to maintain your current or upgraded lifestyle when or if you retire. Will your home be paid off? What will your monthly costs be?
Become mindful about your money. Do you know your net worth? Do you have your estate planning completed?

To be financially successful, you have to know where you are, exactly where you want to go, and what’s required to get there.

I am focused on those things I need to do in order to acquire wealth and fund my future lifestyle.

While paying off your creditors and becoming debt-free is a good first step toward better money management, this next financial rule will surprise you: PAY YOURSELF FIRST. Instead of paying bills or making new purchases, pay yourself first an amount that will allow you to invest for the long term.

If you don’t have an investment account—mutual funds, annuities, stock-trading account—sit down with a financial planner who can help you establish one. Then, educate yourself about how it works, what happens to the money when you send regular checks, and how much you have to invest for it to provide a stable retirement.

It’s quite possible that, if you start early enough in life, you could become a millionaire on your invested capital alone. The fact is that over 99% of millionaires are methodical savers and investors. Most of them worked hard, lived within their budgets, saved 10% to 20% of their income, and invested it into their businesses, the stock market, or real estate.

To simplify paying yourself first, arrange for automatic deductions of a certain percent from your paycheck for investments so you don’t have to make a decision or remember to write a check every month.

I am paying myself first and putting aside a part of everything that I earn, which creates greater rewards and brings me closer to achieving my goals.