How to get moving toward your RichLife with The Rule of 5
Current titles on the best-seller list such as Rick Domeier’s, “Can I Get A Do Over?” point to the Bureau of Labor findings that 67% of all American workers don’t like their jobs.
It makes sense that the career you chose at 20
might not be such a good fit at 40.
The question is, once you know what you want, how do you get there? Most career shifts occur between the ages of 35-55 when questions like stop signs keep you from going anywhere. How can I afford to take a pay cut? How will I make the mortgage payment? How will I manage going back to school?
The good news is that The Rule of 5 can be applied to any area of your life where you want to see change happen, be it personal, financial, or career related.
Take action. Create momentum. Get results.
The first key to success with any endeavor is to begin now. Consider every step you take as an investment in your RichLife. The same principle that applies to compound interest also works when building the life of your dreams.
The more attention you put on what you want, the more those things begin showing up in your life.
Once you gain clarity about where you are and where you want to be, the establishment of goals and objectives are the vehicles that get you moving. To this end, I have adapted RichLife Advisor Ron Broussard’s Rule of Five. Notice how each rule leads to the next, creating momentum that leads to change.
· Rule #1 Write it down. Put your goal in writing where you can see it. Spell it out and be specific.
· Rule #2 List How Much and By When: Each goal must be measurable. For example, don’t write: “My goal is to work from home.” Write: “My goal is to be working Mondays and Fridays from my home by January 31st at 8:00 a.m.” In the area of Finance, don’t write: “My goal is to make a lot of money next year.” Write: “My goal is to be making $100,000 by December 31st, 12 midnight.”
· Rule #3 Take Action: This is where most people get stuck. They look at where they are and where they want to be, and they get overwhelmed.
Once you have identified the big picture, focus on the small.
Break it down into bite-sized pieces. Identify 2 – 3 things that you can begin doing now.
· Rule # 4 Take small, consistent steps. In some cases, these steps need to happen every day. In other cases, once a week is more appropriate. The key here is to be consistent. Treat it like an appointment. For example, if you are developing a new skill, show up at the same time on the same day, for example, every Monday at 7 o’clock.
· Rule # 5 Check-in and give yourself Feedback. It’s important to be realistic when starting out. Some days you might be able to do more than the assigned goal, but it’s the long-term that matters most.
If you can’t maintain the pace, you’ll drop out of the race.
After one month, take a look at your track record and see how you are doing. Give yourself permission to change your schedule if that what’s you need to keep your momentum going.
WARNING: there are 2 things to be aware of when goals setting
1. Keep in line with your definition of a RichLife. Don’t allow the growth in one area to come at the expense of another. It’s all about keeping balance.
2. Don’t become so attached to the goal that you lose enjoyment for what you are accomplishing. If you are striving to secure 8 new clients a month, and you only get 4 in the month of July, that’s still 4 more than you would have had the goal not been in place. Keep at it!
Enjoy the process. Remember you are paying the price today to have the life of your dreams, your RichLife.
I LOVE these 5 Steps Beau !! Simple – actionable – and NOT overwhelming … anyone who is committed to living THEIR "RichLife" can do it – and it begins with the decision to start – TODAY!! The RichLife – "The 10 Investments For True Wealth" was a life-changer for me – I started with one decision, took action and NOTHING has been the same since … Blessings to you always !!
This is the best road-map to change that I have seen in a long time Beau! I love the point about think big and then take baby steps…this makes it possible to see the progress to continue on! Great job! Thank you for sharing your wonderful wisdom and insights!
Beau, this is awesome. Realistically I think you wrote this for me…seven years ago I needed this info. But, it is not too late. I'll take these 5 steps and implement them now for a better tomorrow.
Beau, I am in that category 35-55 you mentioned. I had goals and never seem to hit most of it until 8 months ago. I invested in a coaching program that change my perspective on goal setting completely…take action,,,baby steps, consistent….just like what you outlined. Beautiful! I like your 2 warnings…and showing of gratitude on warning 2.
Hi Beau, I love how you break things down into simple, take-action-now steps! Very well written and simple to follow – thanks!
I love that line, if you can't maintain the pace, you'll drop out of the race! Beau, you are so action focused, which I appreciate, but even more than that, I appreciate how you encourage people to THINK and plan and be realistic before taking action.
Love the article. Really made me stop and think about what you want earlier in life and how it changes as you mature.
Such a critical message, Beau – thank you. I just started a 'new' career working from home as of this past January and as you can imagine, it's been quite an adjustment from my previous management job of 12 years! But planning is definitely the key – and it works!
Beau, Great 5 steps so easily laid out. Love how you give us an opportunity to look at ourselves and be grateful even if didn't accomplish the goal but got further along than before.
Thanks for the reminder about both the importance of setting goals and giving a formula to help be successful!!!
Sharon Worsley
The 4 Diamond Leader™
http://www.sharonworsley.com/blog