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How to Close the Income Inequality GapFebruary 23, 2012 2:00 amIf you feel you’re one of the many being unfairly compensated while others continue to build wealth, there is something you can do about it says Trevor Bolin, author of “Take Charge and Change Your Life Today.”
“I went from the bottom 10 percent at age 17 to the top 2 percent at 28 by making some changes in my life,” says Bolin, who owns three realty companies in British Columbia. “The system is very simple, but not all of the steps are easy. It requires self-discipline and changing bad habits, but it’s all possible if you follow the steps.” Bolin’s strategies include: • Commit. Vow right now that you will follow through 100 percent on every step you take toward changing your life, whether it’s making more money, losing weight or becoming a better parent. Commit to succeeding, not just surviving. Know that luck has nothing to do with it – it’s hard work, attitude and giving back. Committing 100 percent means that, if you decide to read a book on investing, you won’t quit after three chapters. If your goal is to drop 20 pounds, don’t stop after 10. • Change your attitude. Just as negative thoughts have the power to negatively affect outcomes, so do positive thoughts. Start each day with positive thoughts, and change negative thoughts to positive ones throughout the day. This may be hard at first, but the more you work at it, the easier it gets. Remind yourself each morning of all the good things in your life – your health, your home, your spouse. Tell yourself that your meeting today is going to be engaging and productive, or your job interview is going to go well. • Figure out your “Y.” Your Y is your reason for everything. It’s shaped by the past, formatted for the present and goal-formatted for the future. It’s reflected in every decision you make. If you don’t know your Y, your decisions will be made on the basis of habit, what you learned growing up, and what your immediate needs are. But if you’ve decided your Y is that you want the peace and security of financial success, you’ll be guided by that every time you make a choice. • Set goals. On a piece of paper write down all of your goals, short-term and long-term. Next, number them 1, 3, 5, 10 or 20 based on how many years it should take to achieve them. Now, take your top five 1 goals and write down why you want them and how you plan to achieve them. Do the same thing for each set of goals. Having goals is vital and keeping them in front of you will help keep you on track toward achieving them. Most important – be sure to cross each one off as you achieve it. Take it from me, there’s no better feeling. “It’s all about having a plan,” says Bolin. “You can create success as long as you’re putting a plan into motion.” Published with permission from RISMedia. |
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