Every single human has needs – and we also have wants. There is actually a FORMULA to getting what you want out of life.
Do you know what it is?
Do you know that you probably are already using it?
And trust me, you need to know what it is so you can use it to the full in any scenario in life – including learning how to make your money work for you.
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GETTING WHAT YOU WANT OUT OF LIFE STARTS WITH DESIRE
In the book Think & Grow Rich, author Napoleon Hill mentions that all achieving starts with desire.
You have to have the desire first –
A desire to lose weight, to make more money, to learn about the stock market, to have a better life, just to name a few examples.
If you don’t have a desire, then you don’t really care. You will not have the motivation to get what you want out of life.
Or even if you start to get it, at the first sign of turbulence in the ride, you’ll quit.
ACTION STEP 1: Get out your tablet, smart phone, or good old fashioned pen and paper and right here, right now – write down what your TOP 3 desires are.
**HINT: One of those desires can be learning about the stock market (I will give you action steps below to make it happen)
***DOUBLE HINT: We even have a free goal action plan that can be used for this very purpose – CLICK HERE to download
Got it down?
Let’s keep it moving…
I am going to break down the components and ingredients of the formula to get what you want out of life.
And as a stock trader and investor…. and since you are reading this on a stock market blog… let’s compare it all back to what this has to do with trading.
I often think to myself: What holds people back to getting started in the stock market? Once people get started, why do people quit after any sign of failure?
I analyzed those questions and here’s what I found:
Getting started in the stock market ACTUALLY has several similar ingredients to big events in life.
Including:
EXAMPLE 1: Getting married
EXAMPLE 2: Going on your dream vacation
EXAMPLE 3: Purchasing a home
What are the ingredients they all have in common for the recipe to get what you want out of life?
INGREDIENT 1.) A finite timeline
All three examples have a finite timeline. When you got married, you set a date in the future.
You set a stake in the ground and said: THIS is when this is going to happen.
Same with going on a vacation. You sat your whole family down, broke out the calendar, and said: THIS is the date we are going on vacation.
If your lease is coming up and you know you need to move or purchase a home, you have an exact date. So what do you do? That’s right: Get your calendar and say THIS is the date I need to be moved out by.
With all three scenarios, you are making a declaration that no matter what happens (I mean… within reason) those events are happening on THOSE dates.
ACTION STEP 2: On that same piece of paper where you wrote down your top 3 desires, write a DATE you want to start achieving them.
Or CLICK HERE to get our handy-dandy customized goal action plan to keep all of your thoughts organized, if you haven’t already.
INGREDIENT 2.) A finite cost
When you are looking at your dream vacation, we seem to be overly aware of the price, right?? How much for a piece of paradise for a week?
We know much the hotel is, the airplane tickets, the rental car… and then the kids want to go snorkeling and guess what? That ain’t free.
There is a NUMBER to it.
And all my married people out there – you know the NUMBER to your wedding, too. There probably was a number that you couldn’t go over, and you may have even had to cut some things out of the wedding to make sure it was met.
ACTION STEP 3: Time to get out your Action Plan or pen and paper again. This time, write down the INITIAL costs of each desire/goal you have written down.
**HINT: If one of your desires is to learn about the stock market, you may start with the cost of an educational course.
INGREDIENT 3.) A Grand Finale Date
The Grand Finale means that the desire will be accomplished. You will get married. You will go on that dream vacation. And you will buy that house.
BUT The Grand Finale also means until that time, there is sacrifice associated with it.
You may have to save money so you can’t eat out as much, can’t go shopping as much, may have to work a second job for a time, etc.
There is an end date to those things –
“After our wedding day, I will not have to drive Uber anymore.”
This is a celebration and release of things you no longer have to do.
ACTION STEP 4: On that same goal list, write down at least one sacrifice you will need to make for each desire/goal.
INGREDIENT 4.) A pubic commitment made
This especially applies for when you get married – you invite all of your friends and family to THIS specific date and then declare your vows in front of everyone. You make a public commitment.
With going on vacation and buying a house, you have told your friends and family as well. You made commitments. You publicly declare it on Instagram, maybe even with a custom #hashtag.
ACTION STEP 5: Be accountable! Tell your spouse, a friend, or even your journal what your desires are.
To boil it down…
THE RECIPE TO GETTING WHAT YOU WANT OUT OF LIFE IS:
-Setting a date
-Setting a cost
-Sacrificing and setting a Grand Finale Date
-Being accountable
And just like a used car-salesman would say:
BUT WAIT, THERE’S MORE.
Because behind each ingredient is a key seasoning to make it happen.
So let’s dive in deeper.
What detailed steps do you need to take to make the big ones work?
What seasonings do you need to make each ingredient work?
And WHAT DOES THIS HAVE TO DO WITH THE STOCK MARKET??
Let’s answer those questions:
SEASONING 1.) You need to do some research
When you got married, you had to research the best venues, the best caterers, the best DJ’s, and so much more.
Same with buying a house and going on vacation – you needed to RESEARCH to find the best home and the best vacation spot.
We are willing to take all of this time and effort to do the research because…
Why?
We have the desire.
We want to have a beautiful wedding, a break from work, and a home.
So why oh WHY are some people not willing to do that research with respects to THE STOCK MARKET?
The formula, the ingredients, and the seasonings are the same if your desire is to succeed in the stock market.
Research is involved with the stock market.
You need to research:
-stocks
-charts
-companies
-brokerage accounts
SEASONING 2.) You need to price compare
You didn’t just go out and put money down on the first venue or plane ticket you saw.
You know that you are going to Hawaii – but that doesn’t mean you saw the first resort and clicked “book”. You shopped around a bit and make sure you found the BEST pricing that you could for what you wanted.
The stock market is very similar.
You have to “shop” around companies. You don’t just invest in the first stock that comes up!
You look at what they do, what price their stock is, and what a “good deal” is.
You now know what a good level is to get into a certain trade.
SEASONING 3.) You need to take baby steps
After you did your research and shopped around – did you pay for EVERYTHING for your wedding all at once?
You probably started with a deposit.
When you booked your vacation, you maybe started with buying your plane tickets. Then booking your hotel came later. Then actually paying for your hotel came later.
Once you put money into it, you now have a commitment.
MONEY = SERIOUS BUSINESS
When you look at the stock market, maybe your first baby step is putting a couple of hundred dollars away each month.
Maybe you spend a couple hundred on purchasing a course to learn about the stock market.
But this baby step has a cost – and once money is involved, we become more committed.
SEASONING 4.) You need to bridge the gap
You need to make sacrifices in order to accomplish the bigger goal.
We touched on this before, but let’s get more granular.
You may need to work extra hours because you want an open bar at your wedding. Or you may need to HAULT all other vacations to make your dream vacation happen.
We have the capacity to produce extra income and sacrifice if we know there is a Grand Finale Date.
This formula for getting what you want out of life can apply to just about anything – INCLUDING getting started with the stock market.
And once you start to put a time frame to when you want to get started, put a cost to how much education you need and how much you need to start with, AND start to make those sacrifices alongside the Grand Finale date…
You WILL attain your desire to learn about the stock market.
(And if your curious of how much you need to get started and the best resources to get started with, click here to check out our blog post “How to Get Started in the Stock Market”)
What happens next?
Take these four components and take them into your life. Never say that getting in the stock market won’t happen – do NOT program your brain that it’s not worth getting started!
We just proved it CAN HAPPEN.
When we have that desire – we can make it happen no matter what.
And just like your wedding ends with a huge celebration, you will be so happy, elated, and excited that you have finally figured out how to make your money work for you by using the formula to getting what you want.
Comment below on how you are going to use the formula.