Barriers To Retiring Rich

Both on my main Web site, AgeOfWealth.com, and my primary product, RetireRichActionPlan.com, I emphasize the importance of working on 5 key areas:

Improving your credit
Reducing unproductive debt
Increasing your job value
Buying a home
And creating and growing a retirement income stream through an online information marketing business.

To most readers, these elements are fairly obvious.

But HOW do you get there?

I mean think about this for a moment...you have a job you go to every day, you have family commitments which are very important and other stuff that just gets in the way of figuring out how to accomplish these goals. On top of that, we are constantly innundated by news and events around us.

After all, aren't we all just glued to our radios and TVs to find out if Britney will ever get her kids back?

Come on people...we are overwhelmed by information. The news media want it that way. Whether radio, TV, podcast, newspaper, favorite news Web site or whatever, the news is designed to suck you in.

On top of that, you get a ton of emails everyday demanding your attention. Which do you read? Which do you toss? Which do you think about, seriously?

How do you process all that information? Well, you can't do that effectively.

So, you need a filter - a filter that allows you to pull in relevant information in a way that gives you time to think about it, act on it and still complete your commitments.

What is that filter?

Write this down, folks, this is the secret you need!

1. Vision
2. Idea
3. Plan
4. Action
5. Persistence

Let's take these one by one.

Vision - If you don't know where you want to go, then how will you know if you get there? You need a vision to have a concrete target.

Idea - How are you going to achieve your vision? You need a key idea, niche, product, service or something that will be the way you generate long term residual income. Depending on your employer or Social Security won't get you there. You need your own, long term income stream.

Plan - When you know what you want to achieve and the basic idea of how you want to create that wealth, then you need a basic plan to get you there. Now, don't overkill this, you are not planning a mission to the moon here, you need to write out the basic steps you will need to take to get your idea to reality measure its practicality, etc. If you have a chance, read articles by Michael Masterson on the topic of Ready, Fire, Aim. It is a good philosophy so you don't spend your whole life planning and not implementing.

Action - I firmly believe this is one of the biggest "killers" to most people's success, they simply don't take action. You gotta do it. You have got to take steps every day toward your goals. You need a reason that is so powerful that it lives in your consciousness all the time.

Persistence - Everyone is afraid of "failing" so many people don't even start. And many that do start, think that if they are not successful immediately then they are to blame, they are at fault and they just flat give up. Don't even think about it. It can take a few years to become completely successful, it can even take months to make your first sale, but persistence will win you through. This is important. Many wealthy entrepeneurs are not geniuses. And there are a lot of geniuses that have no money. What's the key? Finding one idea that will work and sticking to it.

Here's the problem with the information age, today, there is so much information you don't know what is relevant and what isn't. Your vision is your primary filter. As you look at news, information, "stuff", measure its value based on whether it contributes directly to your vision or helps you to directly achieve your vision, idea, plan, action or persistence. If it does, then read it and think about it.

If it doesn't, then don't bother with it. Yes, you still need to answer the email from Aunt Mabel, but not all the emails on discount coupons, gambling or Kenya or all that other stuff.

That's all for today.

To your success,

Steve Sands