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Success. Who in here wants to be successful? WHY?. Warm up. Why don’t more people succeed? How do you know if someone is successful? How will you know if you are a success?. Define Success. How would you personally define success? My favorite definition There is only one success . . .
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Warm up • Why don’t more people succeed? • How do you know if someone is successful? • How will you know if you are a success?
Define Success • How would you personally define success? • My favorite definition There is only one success . . . To be able to spend your life in your own way. Christopher Morley
Most people prefer success • Usually lack the discipline and attitude necessary to succeed
Quotes • #1 Successful people have the discipline to do what unsuccessful people will not do. #2: Discipline comes by convincing yourself that the sacrifices are worth the rewards.
Is Education Worth It? • Education requires discipline and sacrifice. • For financial success, is it worth it?
Opportunity Cost • The cost of passing up the next best choice when making a decision. • Example: college vs. no college
Opportunity Cost • What is the opportunity cost between a HS degree and a Bachelors degree? $50,900 in college earnings -$31,500 in HS earnings $19,400 opportunity cost per year ($1,600 / mo) How much of that do you want to invest? Career
Money is only one measure of success Financial There are others
If everyone wants to be a success, How do you achieve success?
List as many things you believe should be done to achieve success in life
Suggestions for Success • Marry the right person • This 1 decision determines upwards of 80% of your happiness • (or misery) • Work at something you enjoy and worthy of your time and talent • Give people more than they expect • (AND THEN SOME)
Become the most positive person you know • Be forgiving of yourself and others • Be generous • Have a grateful heart • Persistence, persistence, persistence • Discipline yourself to save money
Treat everyone you meet like you want to be treated • Commit yourself to constant improvement • When you are green you are growing, when you are ripe you are rotting • Commit yourself to quality • Understand that happiness is not based on • Possessions, power, prestige or wealth • It is based on relationships with people you love and respect
Be loyal • Be honest • Be a self starter • Be decisive • Even if it means sometimes you do will be wrong • Stop blaming others. • Take responsibility for every area of your life
Be bold and courageous. • When you look back on your life you will regret the things you DIDN’T do more than the ones you did. • Take good care of those you love • Have a goal(s) in life!!! • Don’t do anything that wouldn't make your parent's proud!
NEFE National Endowment for Financial Education
If you fail to plan then plan to fail.
S-M-A-R-T GOAL CRITERIA Specific Measurable Attainable Realistic Time-Limited 1-G
SMART Goals Specific…….. “Pay for lodging, transportation, meals for a 5-day trip to Washington, D.C.” Measurable… “$300 through fundraising, $50 from birthday money, save $25 a week.” Attainable….. “If I stick to my plan, I’ll have the money when I need it.” Realistic……. “I still have enough money to live on while I work toward this goal.” Time-Limited.. “I need to have all the money by 6 months from now.” 1-H