3 Secrets of Financial Success

Well, for getting success in everything, you have to identify and use two secrets of success. One is saving of time and other is good works which I have mentioned in "What do you want, you will get it". But today in this inspirational content, I will explain  secrets of financial success. We all know, we can not carry money with us at the time of death, then why we have to succeed for that money. I can give its answer with following way.

"By getting money, we can use it for helping others. We can buy the food and distribute to poor. We can buy clothes and distribute to those who have not. We can make home for orphans. With money, we can make society happy. That is the reason, we all do work for getting financial success."

For this, you should follow the secrets of Financial success:

1. Be Persistent

It means, you have to do work regularly without seeing your bad luck. Constant doing your work is magic. Let me explain :

Suppose, there are two person who have their own business

First's thinking : I am doing a small business with limited capital. My earning is very low. I think, I am unsuccessful in this business. I think, I should leave this business and start new or do cheat in the business for my financial success. He acted up his thinking and became the unsuccessful businessman.

Second's thinking : I am doing a small business with my limited capital. My earning is very low. Ok, but I will do more hard work. I think, hard work is the key of success. I will speak more sweetly to my customers. I will save from my low earning and reinvest as capital in my business. I will do business as enjoy of my life. He did struggled more than 10 years. But he was persistent to do his business work and to follow on his thinking. After 10 years, he became richest person of the world. I think, you did read the history of that person. 

2. Be Student

  Student is that person who learns from everywhere and everyday. I think, only student can get financial success, he is interested to become student in his whole life because only student can go to the deep of financial matters. He does his business as classroom study. His competitors will be his class friends. His loss in business will be his punishment in class for bad behavior. His respect for his customers is just  like respect for teachers. Money and more money in his bank account will be just reward but like a student his aim will always get knowledge and without any greed, he will do his duty. 

3. Be Teacher 

  This is the big secret of financial success. To be student is good. But to be teacher is best. Why? Teacher is that person who teaches to his students. It means, he shares his knowledge. More he shares his knowledge, more his get knowledge. With this, he has treasures of knowledge. Try to apply this on your business. Suppose, your business is your classroom. You have to do business as teaching. You have to share what you get from society. 

(a) Use your knowledge for solving customers problems. Why do students go to teacher? Because they have problems. Teachers have knowledge to solve their students' problems. You have business knowledge. Try to use it to solve the problems of your customers. More you solve your customer's problem, more you get customers and more you earn the money. Suppose, your customers are facing parking problem when they come to your shop due to shortage of public place. But you have many space backside of your shop. You can allow this space for keeping the vehicles of your customers. This is just one example, how can you solve your customer's problem. There are lots of customers problem. Your duty should be to solve all these problems. With this, your customers will be happy from you and they will bring also their friends in your shop. 

(b) As teacher, you have to share everything. These days, I am watching Chanakya Serial on Internet. Chanakya  was the great teacher of India. He gives not only education to his students but he gives them his home, food and everything what they need and one day his student become the King of Bharat. It was financial success of him because he was ready to sacrifice everything for their students.

You think, your financial success is getting more and more money from your business. It never be achieved if you are not ready to sacrifice same money  for those who have not. Now, you can ask the question, "How can I become rich by distributing my earning to poor and needy?" I try to make you understand this. In accounting, one term name is "Goodwill" and if you donate more and more money to poor and needy. They spread your name in the world and in the balance sheet, we can count it as "intangible asset" at the closing of any financial year. It is also part of your net worth. Net worth can be increased by increasing profit or increasing goodwill. 

Related : Give Me Your Secrets for Becoming Successful CIMA Accountant






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Accounting Education: 3 Secrets of Financial Success
3 Secrets of Financial Success
Accounting Education
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