Developing True Commitment to Financial Goals
| January 2, 2008 | Posted by Roshawn Watson under Uncategorized |
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By: Roshawn Watson
I once read a quote by W. H. Murray “Until one is committed, there is hesitancy, the chance to drawback, (and) always ineffectiveness.” I think this quote really applies to wealth-building. Think about the billions of people who want wealth but the relatively few people who have it. Before you say that this is because of unjust “mean, greedy, rich people,” ponder whether lack of commitment could have some role in this.
One reason some of us do not commit ourselves to creating wealth is that we internally have a negative perspective about wealth. For example, we may…
- “fear that all our money will go to the government”
- “fear the amount of work it will take to gain the wealth”
- “fear that everyone is going to want a handout”
- “fear that we will be robbed”
- “fear that money will corrupt us”
- “fear that we will be isolated from family and friends”
- “fear the responsibility of managing wealth”
With a negative (or even partially negative) perspective about wealth, it is nearly impossible to commit to having wealth. Most of the self-made rich are totally clear on wanting money. It is a top priority (notice I didn’t say their only priority).
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LEVELS OF OBTAINMENT
- Wanting – The problem with just wanting wealth is that money does not come from merely wanting it; remember billions of people want it, but very few have much).
- Decision Choosing to invest in your financial well-being involves a conscious decision to be rich and taking the corresponding responsibility for one’s financial status (problem – one still can draw back at this stage).
- Commitment –Commitment is dedication. It means devoting oneself without reservations.
Robert Conklin once said, “If you make the unconditional commitment to reach your most important goals, if the strength of your decision is sufficient, you will find the way and the power to achieve your goals.”
Desire is the key to motivation, but it’s determination and commitment to an unrelenting pursuit of your goal – a commitment to excellence – that will enable you to attain the success you seek (Mario Andretti)
Most people place limits on what they are willing to do. What sacrifices are too much? You must ask yourself whether you are willing to work a 12-16 hour day or weekends on some occasions. Is spending time away from your family, friends, hobby, or recreation more than you can bear?
Let me clarify one thing: the cost of obtaining is different from the cost of maintaining. These sacrifices in many cases are temporal. In fact, you often get more time after you created wealth because you are no longer dependent on a job for your financial provision.
Make the necessary sacrifices and commitments now. Do not draw back. Lose any reservations that you have about becoming wealthy. The results will pay dividends!
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Copyright 2012, Roshawn Watson, Pharm.D., Ph.D. All Rights Reserved.
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