Friday, January 15, 2010

The 100 Day Start Fast / Finish Strong Challenge, Take Two, Day 2

For us 'Alumni' members they restarted the challenge a little later than the rest of the world so I'm only on Day 2 as of this writing.

I'm going to attempt to blog daily on my progress.

Let me mention that as well as doing the 100 Day Challenge, I am also reading Awaken the Giant Within and may reference that from time to time.  Also I get daily videos from Six Minutes to Success and various e-mail from different inspirational sources.  

Day one the 100 Day Challenge prompts you to 'Get Serious' and prompts you to seriously address your goals and make sure you are actually 100% serious about accomplishing them.    In retrospect, I reduced one of my goals - paying off my credit card to paying down my credit card by a set amount as I felt I couldn't forsee how I would pay it off.   If you don't believe it, it's not going to happen.  In fact, you will only make a token attempt at it.    With my reduced goal I do believe it's possible, if very challenging, so I am more likely to really do everything I can to accomplish it.

Day two and the message is to 'Be Bold'.   Oddly, this is the same message as Six Minutes today.  In Six Minutes Bob Proctor notes that in a book looking at 18 young millionaires, they acknowledge that each one of them makes decisions regularly take could have a major impact on their finances.   That is to say, they are risking it all regularly, or at least risking large parts of it.     How often do we do that?  I don't think I've ever done anything that could potentially risk my financial future, not even for a great reward.  I doubt many very much the vast majority of you have either. 

We all guard over our precious little funds.  Afraid to lose what little we have.  But those who succeed in making large fortunes regularly risk what they have in the interests of gaining more.   Does it always pay off?  No.  Look at Donald Trump's rise, fall and rise again.  However they take calculated risks.  They are not fools.   They are not gambling thier fortunes at Los Vegas casinos (not to say they don't ever gamble, but just for fun not profit), they are making shrewd business decisions.   But it's still a risk.

Don't get me wrong, I'm not recommending you start betting your future on some idea you've had.   Remember, everyone makes mistakes.   People like Donald Trump has made many, and learned from them, and now makes very shrewd decisions because of them.   Also, most of these people have mentors, or role models they learned from and emulate.   Just betting the farm on some idea, no matter how great, is foolish, when you've no experience in making such decisions.   Take the time to study, and find a role model.  Someone who has already gone down the path you're looking at and learn from them.   Then start making smart calculated risks.  You will win some and lose some.  Fine.   Learn from the loses, capitalize on the wins.   As you progress, you'll get better and better and richer and richer.

Point is though, you've got to be willing to accept risk at all.   Until you are, you are not going anywhere.

As for myself, that's an issue I too need to address.  However at this moment, the only place where I might be risking money is in website development and that's an area where I need to sit down still and really, really nail down my business plan before I shell out anymore.

I've set my goals as follows:

1) To finish revising my book Dillon's Dilemma and get an agent.
2) To create a sound business plan for my website, get developing underway and start marketing
3) To hit the gym 4 days a week and increase my weight (muscle only) to 180lbs, eat healthy and regularly
4) To continue to develop my relationship with the wonderful woman I attracted during the last 100 Days
5) To pay off my cc debt by a third

Biggest challenge right now is self motivation and discipline. 

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