The quest for ultimate financial freedom begins with 5B’s of success…
Do you want to have a golden hand that everything you touch turns to gold? Have you ever wondered why some people are so lucky that they often achieve almost everything so successfully and with absolute ease? You can now make a conscious choice, as well as wise decision on taking full responsibility, and to make things happen for yourself. If you do, then you are in the right place, and I am going to share with you the following five “brave and bold” steps you need to take to achieve financial success. These principles are also applied in wealth creation.
1st B – Strengthening Belief
Nothing binds you except your belief. Thus, safeguard your belief if you are determined to grow your wealth exponentially, enormously and explosively. This is because your thought will determine your word. Your word will become your action. It is noteworthy that no one can act prejudicially against ones’ thought. Your repeated action will then become your behaviour. That is also how habit is developed. Habitual behaviour will then turn it into your conscious character.
As Henry Ford once said, “If you think you can, you can. If you think you can’t, you can’t. Both are equally right.” It is wiser to choose the former as the benefits tend to be greater. First and foremost, you need to believe in yourself wholeheartedly. Otherwise, how can you convince others? Always begin with baby steps, followed by a full-scale walk and a complete stride, before finally taking the all-important leap of faith. That is how you build your confidence. This is also in line with what Confucius said, “The man who moves mountains starts by carrying small stones.”
2nd B – Overcoming Barriers
I must say this is most misunderstood. We have always thought that we can build strength through what we can do. In fact, it is sad to say, that it is unfortunately untrue. You cannot build your strength through what you can do per se. The only way to build strength is by doing what you thought you could not do at one time.
One of the best ways to overcome this drawback or limitation is to break the prevailing task into many smaller and more manageable pieces. For instance, I found writing a book too cumbersome and burdensome at some point. So, I began to write an article constantly, consistently and persistently until I have completed writing all the articles to form a book. I then proceeded to compile them into a book with ease. That is how I got my first book completed. Similarly, you need to be comfortable in an uncomfortable zone. You either push or pull yourself out from your comfort zone and adapt. Slowly but surely, you will overcome barriers that make you uncomfortable. Sounds simple, yet not easy!
To overcome it, you need to constantly put it into practice, apart from having the appropriate perspective. Ultimately, everything will eventually be overcome. I encourage you to challenge yourself to do it in any area of your chosen field, and I am confident you can overcome it with ease someday. Even if you have already done so, continue to take up bigger challenges and to live life’s wondrous journey.
3rd B – Pushing Boundaries
You can grow your wealth through two forces; the ‘push-and-pull’ factors. Pulling is of course much easier than pushing. This is because you need much less force. This force will then take you through the painful journey of success. The next question arises as how we best employ pulling strategies to expand our horizons.
Take for example the case of Khind; whereby it went through 3 distinct phases: Traditional (1961-1991), Professional (1992-2012) and Deliver Happiness (today). Just ask yourself, who does not want to create sales growth from RM15 million in 1992 to a whopping RM289 million today? At present, Khind sorely requires critical transformation to accommodate the Y-generation (Gen-Y), social media savvy personnel, as well as addressing the contemporary global warming issue.
4th B – Crossing Borders
Any company or product will eventually reached a stagnant stage, whereby its growth has reached the optimum point in terms of the domestic market it operates. As such, to enable further development, it needs to expand beyond its market to other countries as well as global borders. One excellent example is the world’s biggest company in terms of sales revenue. It is simply amazing how Wal-mart can still achieve a healthy growth of 5-6% despite its size of almost USD500 billion sales in 2013. I am sure many of you would like to know how they did that.
Wal-mart views that it has the possibilities to sustain its sales growth through international market when it has captured the largest market share of the domestic market, then it began to spread its wing towards other new emerging markets, such as China, Mexico, Brazil and South Korea. Its persistent effort has subsequently paid off handsomely, which have helped it achieve another stunning growth despite its behemoth size. In just over fifty years, it has grown to become the largest company in the world, bigger than even General Electric (GE) – which has more than 120 years of history, and a truly fantastic company in itself!
In retrospect, the company has also transformed itself in term of processes and structures in order to achieve the transformation growth further, apart from organic growth. Henceforth, capturing both organic and transformation growth to accelerate its growth result. With the above four bold steps that I have share with you, I strongly believe that with your knowledge, gifted talents and faith, you can surely achieve what you want to be. Love what you do and do what you love. Couple with deliberated and consistent practice, you will be rest assured to achieve permanent progress and everlasting financial happiness. Thereafter, what you need to be doing is to get others to pay for what you love to do. Gradually, over time, you will convert your venture into wealth and grow it perpetually. It is a simple yet effective wealth creation recipe, so do not forget by creating it. It is also by far the most definite and sure-fire way of creating wealth explosively!
5th B – To Be
“You must master a new way to think before you can master a new way to be.” Marianne Williamson. In whatever you want to be, preparation is the key. “Everything counts.” Whatever you do will either move you toward or move you away from your goals. Every move either helps you or hurts you. There is no such thing as being ‘in-between’.
To keep learning is the way to master any skill. Unlearning and relearning is also part of the learning process. We need to unlearn due to changes in rules, or when technology becomes obsolete. One fine example is saving itself. With the presence of high-inflation regime, we need to hedge instead of save. At the same time, we need relearn what is new especially in today’s knowledge-based economy. If you want to go faster, further and farther, you need to work on yourself in every aspect as advocated by Abraham Lincoln himself, “I will study and prepare myself, and someday my chance will come.”
If you are willing to learn, nothing can stop you from attaining it. You are unstoppable if you are willing to learn. Your possibilities are endless and your potential is unlimited once you prepare yourself to be what you desire to be.
James Oh is a financial, wealth and mindset specialist, maverick thinker, visionary leader and intensive researcher with nearly 30 years of professional working experiences in various industries such as trading, construction, aviation, movies investment and distribution. He can be reached at firstname.lastname@example.org or jamesoh2003.blogspot.com