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Millionaire Money Habits

November 14th, 2008 at 4:02 pm

Dream Big or Realistically?


Personally, I think it’s important to have really big expectations and long-term goals, but only when thinking about the long term outlook of life. Thinking about your $13 million yacht when you’re first step is to get out of debt and afford your mortgage may motivate you and keep you focused, but it probably won’t help you succeed.

While dreaming big and thinking about the future, think about tomorrow. That doesn’t mean not to set the bar high. In fact, if you’re not pushing yourself, your selling yourself short of discovering what you can accomplish.

Raise your expectations, and along with that raise your accountability, but put a plan in place to get to the next step in your life.

If you need to pay off your credit card debt, only wishing for that yacht is not going to get you there. In the short-term, its important to have realistic dreams – like what it will feel like to finally be debt free, or what it will feel like to finally make that six-figure income.

Have a long-term vision, but also have short-term goals that are obtainable. If you dream too big, then it’s just a dream. If you set the goal too high, then there’s no feeling of being accomplished. Make it achievable, but make it a bit of a challenge to reach.

What do you think?

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