Wallace D Wattles

In order to become successful, extremely wealthy people adopt habits that give way to their success.  As a result, they learn how to make more money.  If you are to become an extremely wealthy person, you, too, need to adopt these habits.

1.  Invest Your Revenue

Your goal is to have habits that make people extremely wealthy.  The extremely wealthy do not blow their revenue.  Instead, they save and invest it.  They grow their wealth by investing in business, investments and savings.

Set aside 20 percent of your earnings to invest in stocks, bonds, mutual funds or other forms of investments.  These will be long-term investments for retirement, or when it grows substantially enough, you may want to take part of it out for different extravagant purchases.

Set aside 5 to 10 percent of your revenue for savings.  This will be for your emergency fund.  Transfer your emergency fund into a CD when the amount grows large enough to do so.  As your CD grows larger than your emergency fund ' at least, six months of income ' transfer the excess into your investment account and take out a new CD with the rest.

2.  Goals

Without goals, you will fail.  Your ultimate goal is to become extremely wealthy, but how do you get there?  What steps are necessary?  You need to carefully consider what actions are necessary to take place in order to reach your ultimate goal of extreme wealth.  Write them out, put a timeline to them and chart your course.  Make plans to revisit your plan quarterly.

3.  Focus

On your journey to extreme wealth, you will find plenty of opportunities to lose focus,  whether it's being distracted by issues related to the business or family issues.  Regardless, you need to find a way to keep focused on your goals.  Keep a daily planner where you keep your goals noted.  Break each goal down by task.  Place five tasks on each day of your calendar to keep your work on track.

4.  Persistence

In the beginning of your pursuit of extreme wealth, you will need to have iron persistence.  You will have to be determined to do whatever is required to achieve your goal.  Persistence will be your partner in achieving your goals.  It will be the thing that keeps you on track when you become discouraged, or when things get rough.  Persist and you will prevail.

5.  Plan B

Your goals must include a Plan B.  That means, if what you've started fails and it doesn't appear to be salvageable, you need to have another means of pursuit for success.

6.  Think Big

With big thinking, comes even bigger success.  You have to have a think big mentality; otherwise, you'll never realize the potential of the possibilities.  Don't limit yourself to one business, or one product, or one purpose, or one people group.  Expand your thinking, and step outside of the box.  The world will seem much smaller if you do.

7.  Go With The Flow

This is a biggy.  Do you feel like things just aren't going the way you wanted them to?  Is there huge resistance building in certain areas of your efforts?  Then, go with the flow.  If you keep beating your head up against a wall trying to make something work, and it just isn't, go with the flow.  Find the path of least resistance at that point and see where that takes you.

8.  Be Generous

Generosity is a feel-good trait.  Find out what cause stirs your passion and give a percentage to it.  Incorporate it into your lifestyle as a quality habit.  You'll be glad you did.