Tuesday, July 11, 2006

How Do You Define Financial Success?

For some financial success is just being able to afford enough to eat.

For others financial success may be having enough that you can't give it all away - it grows too quickly.

In fact financial success for most is a moving target. Just as in psychologist Abraham Maslow's Hierarchy of needs - once one need is satisfied we move up to a greater need. Psychological self actualization could be compared to achieving impregnable financial independence.

If you are concerned where your food or shelter will come from - neither education nor stock markets will be of any interest.

For yourself:

  • Look at where you are financially, and look at what stage you next want to reach.

  • Determine which tools will fully secure the current level - then move on.

  • There is no gain in staying in the same uncomfortable spot your whole life

  • There is also too much stress in trying to advance too soon.

Only you can make that choice for yourself.



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