Everyone wants to know the secret to success.
And there are a lot of people out there who reckon they have mastered the basic principles.
Follow these habits, they say, and you too will be successful.
This may be true, but only up to a point.
The habits of successful people must be underpinned by the adherence to a few important, universal truths.
Yes, it’s important to start the day early and ensure you’re organised.
Yes, it’s vital to get enough exercise.
Yes, you need to spend time with your family in order to maintain perspective.
I’ve written about these essential daily habits in the past, but here is something very important that you also shouldn’t forget….
None of these habits make much difference if your building blocks are made of sand.
What does that mean?
Well, if you don’t adhere to a few basic principles of business then you’re not going to be successful.
No matter how many times you go to the gym or empty your inbox each morning.
So what are these principles?
1. FOLLOW THE MONEY
Capital is fundamental to business wealth.
Success doesn’t come from ignoring the financial side of life as it takes money to make money.
You may start off small, but the point is you start off with money and you can use it to make more.
This could be from crowd funding, capital raising, or even just plain-old fashioned savings.
Sure, ideas are important, but it’s money that will get them off the ground.
It’s easy to forget that.
2. CONNECT WITH PEOPLE
You may find the idea of a self-made millionaire an attractive one, but it’s a big myth.
No one ever make it entirely on their own.
That’s not to say that you can’t be an entrepreneur or steer your own ship, just that there needs to be people to help guide your way and, crucially, open the right doors.
That’s why building the right networks is extremely important.
As is giving generously of your time to others as you never know when that favour will be repaid and in what way.
What’s that great saying?
Be nice to those on your way up because you’ll meet them on your way down.
3. BECOME A MASTER
The job for life scenario is dead and a buried.
Workplace loyalty is no longer a guarantee from either employers or employees, and very few of us will be able to stick at the one job forever.
And who wants to?
But we can develop a skill set and hone it until we carve out a niche for ourselves.
Our job may change as we apply the skill set in different ways, but the most important thing is we have developed a specific and focused range of skills.
This will set us up for a life of change because that’s what working life is nowadays: constant change and disruption.
The trick is to be able to react nimbly to it and to adapt.
FIND SOMETHIING YOU ENJOY
This is the most important principle of all. You’ll be hard pressed to find a successful person who has achieved a great deal, made a lot of money, and not enjoyed it.
If you do something because you think it will simply make you rich, and that is the only reason you do it, then you won’t last very long.
Or you’ll end up miserable!
Enjoyment and passion are vital for success.
It’s very hard to have one without the other.
Once you have these basic principles in mind, you can add the layer of healthy daily habits, such as waking up early and exercising, on top.
Combined, the two are likely to make you very successful in whatever you do.
Or at least point you in the right direction.
The rest is up to you.
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.