Typically when you hear someone mention the term “Net Worth” you immediately think of balance sheets and bank accounts. In this case, what is it that you are worth on the inside. What is the value you are bringing to your clients and customers. If you work for someone else, what is the value that you bring to your employer?
In order to increase our income, we have to increase our net worth in life. When we do so we become more valuable to the people that we are serving. This principle is often forgotten by people who feel that creating more income should be a given, without doing anything deserving of the reward. Remember nothing that truly lasts in life is obtained without first investing in yourself.
Look at the average lottery jackpot winner. Sadly the majority of them end up in the same position they started in or worse after several years. This is because while their bank accounts increased, they never invested in themselves to increase their worth on the inside.
Here are three ways that increase your net worth.
1. Networking With The Right People
The people we spend the most time around can influence the actions that we make and the thoughts we think on a daily basis. There will always be people who love us for who we are, but there will be those who push us forward and those who hold us back in life. Those that hold us back are not doing it out of spite, but it’s usually because of a lack of understanding about your destination.
When you have people who say things to hold you back its out of fear. How many times have you heard someone say “Oh that will never work, I tried that before…”? The fear of others can ultimately paralyze you from taking the actions needed to achieve the results you desire.
This is why its important to spend time around the right people who will inspire you to take action and move forward in life.
2. Invest in your education
Education goes beyond the classroom in the modern world. How many people do you know in life that stopped learning the moment they graduated from high school or college? We live in an ever changing world, so the only way to keep up with it is to continually learn. Look at how many careers and businesses are no longer applicable in todays world. As an example think of a typewriter repairman, when was the last time you saw one?
Investing in education is a vital component in increasing your net worth in life as it can be accomplished in many ways. You can do this through reading books, reading articles like this one, listening to podcasts, attending seminars, etc. There are more options than ever to expand your knowledge in the world, all you have to do is take action.
3. Invest in Coaching
One of the fastest ways of achieving the results you are looking for in life is to find someone who understands the process you are seeking to achieve and walk you through it. Think about it for a moment, which would you rather do. Make your own mistakes in life, or learn from someone who has figured out how to avoid the potential mistakes on a journey? That is the value of having someone coach you through a process.
Look at professional athletes. How many professional athletes do you see not have a coach to help them be the best in their profession. There is an expression,
What are your thoughts about increasing your net worth in life? What is one thing that has been holding you back from achieving the results you are seeking in your business?
Leave a comment below to let us know your thoughts.
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