Signs You Will Be Financially Successful

10 signs you will reach financial freedom

Your financial success depends on your behaviour and attitude more than any other factor. This includes your income, background, age, experience, or qualifications. Becoming wealthy is not magic; it's more like a recipe. If you follow the same steps, add the mix with the same ingredients together and do it in the correct order, you will get a good outcome.

But, it all starts with attitude and behaviour.

With this in mind, what are the signs that you will be financially successful?

1. You're Optimistic

How many people do you know are constantly whining, blaming others, and playing the victim? I bet those people aren't well off financially, are they?

Millionaires don't whine, complain, or point fingers. Instead, they accept challenges and look for ways to conquer them.

As T. Harv Eker, author of "Secrets of the Millionaire Mindset: Mastering the Inner Game of Wealth", says "Rich people believe, 'I create my life.' Poor people believe, 'Life happens to me.'"

2. You Learn

When you left school or university, you thought you were ready to find a job and make your way in this world, right?

But I bet that when you started your first job, all the things you had learned at school were useless. You are not forgetful or oblivious; it happens to all of us.

The truth is that it is up to you to teach yourself the things that you really need to know, the things that will allow you to prosper. Public schooling was not designed to do that—they are not institutions of education.

It is imperative to realise and accept that public schooling did not prepare you for the real world. You must teach yourself how to start a business or learn a new profession — you must be willing to self-educate — or else you will never get anywhere. Teach yourself about money, investing, inflation, starting a business, and absolutely anything you need to know to forge ahead. Never stop learning.

No one will tell you what to learn or where to learn it. Realising and acting on the fact that you are responsible for educating yourself is a powerful sign that you are taking control of your destiny.

3. You Have an Action-Oriented Mindset

Becoming wealthy is similar to staying healthy; we all know what we should do to maintain good health. It’s as straightforward as eating nutritious foods and exercising. That is easier said than done, and many of us have difficulty applying it in practice. Just look at the massive industry dedicated to dieting and exercise fads!

Are you the kind of person who sees an opportunity and then takes action to take advantage of it? If so, congratulations, because it's that kind of action-oriented mindset that can propel you to financial freedom.

4. Sense of Urgency

Similar to above, millionaires don't wait for the perfect time to invest, buy a property, or launch their business. They’re long-term thinkers and realise that there's no better time than the present to start. There’s always a reason not to do something and sitting back and waiting is one of the best ways to squash your dreams, the world will pass you by!

Bottom line — start right now.

5. You’re Able to Live Below Your Means

A common trait millionaires have is the ability to live below their means. Instead of flaunting their wealth, they usually drive practical cars, often live in modest homes, and don't spend their hard-earned cash on the next useless luxury item. That is until they can afford the expensive homes and cars many times over.

Learn more:

• Stealth wealth
• Avoid this lethal lifestyle trap
• Why winners win
• Our wealthiest clients have these traits in common

6. You’re Focused

Right now, we're experiencing an interesting time of history, to say the least. It’s easy to become fixated on things like a virus, celebrity gossip, the latest government announcement, or some past mistake or issue. All these things have one thing in common: they are out of your control.

To advance your life forward, you’ll need to get over failure, past mistakes, rejection, current events, and fear. You’ll be focused on what matters most, on what you can control. That includes the current moment and staying fixated on the steps you’re taking to create a better future for you and those around you.

This will also help you be persistent, so you can overcome the inevitable challenges that life will throw your way.

7. You Have a Plan

Let’s describe this with an example. Imagine identical twins. Both twins want to achieve the same thing, and take slightly different approaches to achieve it:

1. Twin one works hard and works smart, while
2. Twin two works hard and works smart in accordance with a detailed plan of how to achieve their goals. The plan includes every step along the way, key milestones, and includes support and input from specialists too.

Which twin has the best chance of achieving what they want? Most readers would pick the second twin, and for good reason: the plan is the difference.

Now, imagine there are no twins, but just two versions of you

On reflection, do you think you’ve got a better chance of achieving anything you want by having a plan, or not?

Having a clear plan is a sure sign that you’re on the way to financial or other success.

8. You Minimise Your Vices

None of us are perfect. We’ve all got our guilty pleasures!

Vices such as smoking, alcohol, or substances can all derail any of us. Not only are these things usually expensive, but they can lead to addiction and a range of health issues. It’s tough to be successful if you’re addicted or unhealthy!

Sure, all things can be good in moderation, but to be financially free you’ll know how to moderate it.

9. You Surround Yourself with Achievers

You are only as successful as those you frequently associate with.

Don’t have any good role models? Consider an imaginary mentor.

10. You’re Decisive

After studying over 500 millionaires, journalist and author Napoleon Hill found that they’re decisive. As he writes in his 1937 personal finance bestseller, Think and Grow Rich:

‍“Analysis of several hundred people who had accumulated fortunes well beyond the million-dollar mark disclosed the fact that every one of them had the habit of reaching decisions promptly.

“Those who reach decisions promptly and definitely know what they want, and generally get it.”

The Bottom Line: Signs You Will Become Wealthy

Becoming wealthy is nearly entirely a matter of attitude. If you can honestly say you’re on track in the 10 areas above, then well done, you’re on your way to financial freedom.

If you'd like to discuss your investments and overall financial situation with a trained professional, then get in touch.