You may or may not be old enough to recall the saying ‘More front than Myers’. The implication being, whoever was described in said manner had plenty of spunk…maybe a little too much.
The fact is though; it’s often those with a ‘can do’ attitude and plenty of self-belief who end up on top in this world. It doesn’t even seem to require any specific talent to ‘make it’ these days.
And when it comes to wealth creation, hard work doesn’t automatically equal great riches. Ask any man or women born into a life of poverty in a third world country, who make far more effort than most self made millionaires just to find clean drinking water on a daily basis.
But for those of us fortunate enough to be a part of the middle-income majority in a country like Australia, your chance of attaining financial freedom is far greater. Particularly if you happen to possess these ten defining personal traits…
- Discipline and determination
There’s no magic bullet when it comes to wealth creation. Self discipline around your relationship with money – how you spend it, save it and most importantly, invest it, along with a drive to execute well thought out strategies and reach your goals, will ultimately determine your financial outcomes.
- Creativity
While you might be determined to follow a carefully laid out path to property investment prosperity, even the most ‘airtight’ plans can fail to bare fruit on occasion.
Being able to think ‘outside the square’ and ‘roll with the punches’ (too many clichés?), gives successful money-makers a distinct advantage, and the capacity to navigate life’s little ‘hiccups’ without sacrificing their entire financial wellbeing.
- Organisation
It’s imperative that you get your financial life in order (and keep it that way) in order to attain long-term financial security.
List makers can often afford to be risk takers because they account for various contingencies in their careful planning, keeping their fiscal ducks in a neat little row.
- Patience and perseverance
Time is money. Another cliché yes, but a very accurate one. We live in a world driven by the immediate gratification of habitual consumption. I’m sure you’ve seen gadget geeks camping out for the latest offering from the Apple Gods?
Patient people are more likely to save their pennies than obtain expensive credit to satisfy an immediate personal want. They’re also likely to keep fighting for their own financial freedom, rather than succumbing to sales pitches for items they don’t need in order to impress their circle of friends.
- Courage
The pursuit of wealth through any type of investment vehicle comes with some associated degree of risk. Ergo, it takes some degree of bravery to get behind the driver’s wheel of your own financial destiny.
Of course I’m not suggesting you should foolishly dive in to unchartered waters without first testing them. You need to understand who you are as an investor and where your comfort levels lie when it comes to taking a calculated risk.
- Acceptance over expectation
This might seem a little strange to mention here. But generally, people who don’t expect life to hand them everything on a platter are more willing to invest the time and energy required to create a life of abundance for themselves.
They accept that the journey and how it ends is ultimately in their hands and hold no one but themselves accountable for whatever happens along the way – good or bad. This is about being the master of your destiny, rather then the victim of another’s.
- Self reflection
Having the capacity to look back on the decisions you’ve made and reflect on how well you’re faring is critical to forward planning. It’s equally important to acknowledge and assess your perceived ‘failures’ as it is your triumphs. The former are often valuable lessons.
- A lust for learning
Speaking of lessons, investors who are prepared to listen to and learn from those who have gone before them often have a greater chance of financial success.
Learning leads to personal growth. And when you have the patience, discipline and creative drive to apply the lessons learnt along your way, success will soon follow.
- Smarts
We’re all taught as youngsters that money doesn’t fall from the sky. It’s something we must (generally) actively pursue if we want it to be an ongoing part of our lives.
While this is true in the first instance, learning how to make your money work harder for you, rather than you having to work harder for it, is a major factor that separates the rich from the mediocre majority.
You not only need to work hard, but also work smart.
- Vision
Establishing your future financial goals and keeping them firmly on your radar is a great motivator to keep going. It also prevents you from getting distracted by products and people that don’t necessarily align with your plans. You need to keep a big picture perspective.
Here at Trilogy Funding, we have what it takes to help people with the potential for great wealth creation to achieve success and reach their goals. If you think you have what it takes, why not drop us a line? Click here to connect with our team of high achievers today.
About the Author
Since 2008, David Thomas has built a business aimed at servicing the needs of property investors, owner occupiers and small business owners. David is recognised as one of the top 10 independent mortgage brokerages in the country, David and his team have settled almost billions of dollars worth of residential and investment loans over the last decade.
Known for his straightforward, relatable style, David believes by educating people about property funding; they fare better in the market. By sharing his expertise openly, some of the people he educates will likely become his clients. It's a win-win approach.
David Thomas is a credit representative (Representative Number 506153) of BLSSA Pty Ltd, ACN 117 651 760 (Australian Credit Licence 391237).