6 Simple Steps to Wealth, Power, and Success

February 13th, 2009 by Bob Bly

As I see it, there are 6 factors responsible for any individual?s success or lack thereof, especially in business and wealth building.

They are:

>> Aptitude ? some people gravitate towards activities that make money (e.g., they are interested in investing or business) ? while others are naturally attracted to fields that are less lucrative (e.g., poetry, pottery).

>> Hard work ? some people are willing to put in grueling hours to achieve great wealth and material abundance. Others are not willing to sacrifice their hours for dollars, and would rather spend their time in other ways, from playing golf to going camping with their kids.

>> Luck ? no matter how much of a technical genius or savvy businessman Bill Gates is, a lot of his success was largely the result of being in the right place at the right time.

>> Perseverance ? many rich and successful people got that way simply because they persisted vs. the vast majority who give up at the first roadblock or failure.

>> Brains ? being smart ? either in the classic I.Q. smart or street smarts ? is a decided advantage. And despite what our Constitution says, not all of us are born equal in this regard.

>> Talent ? no matter how much I want it or how much I train, there is no chance on Earth of me becoming the next American Idol ? or even runner-up.

All of these factors obviously have a great effect on the course of your life. But of these, I believe aptitude is the most important ? and unfortunately, the one least under our control. I mean: you like what you like.

You read about those guys on Wall Street with their million-dollar bonuses. And maybe you turn green with envy. But in your mind you know — and say to yourself — ?Hey, that ain?t for me.?

The comforting old saying motivational speakers love to spout is that ?if you pursue your passion, the money will come.? Sadly, this often isn?t true.

My friend SB pursued his passion as a poet for over 40 years. He had dozens of his poems published in magazines. But he is neither rich nor famous ? although I believe (but don?t know for certain) that SB is pretty happy.

So, how can you find more success, peace, and happiness in your life? You have to make a decision. The decision is whether to pursue your passion and enjoy it and be at peace with that path in life ? even if you never make much money doing it.

Or, you can decide that your primary goal is money; i.e., You want to be rich, and you are willing to do whatever it takes to make that happen ? reasoning that once you are rich, then you can afford to indulge in your passions.

Which path have you chosen — and why?

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11 responses about “6 Simple Steps to Wealth, Power, and Success”

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  2. Roger C. said:

    For myself, Bob, I would say I’m somewhere between money and passion as a motivator. Yes, I need money to pay my bills and take care of my family. But money alone could never motivate me past the sin of mediocrity.

    I have been lucky enough to make money doing the things I love to do. For example, I was musician for over 20 years and was able to make a living at it. But as I grew older, I realized—in MY mind—there was nothing more pathetic than an old guitar-playing singer on stage. Somehow I couldn’t imagine myself performing Rap or singing Judy Garland songs at the local Geriatrics Bar and Grill.

    So I reinvented myself…several times. I won’t bore you with a list, but suffice it to say that I tried many other “passions” that, for one reason or another, didn’t work out. But I did learn a lot about myself.

    I have been writing now for a few years (making little money but entertaining many) while working at a job that is pretty dang ugly, but I refuse to give up. I am attracted to copy writing (B2B) and the resume business which I have already started. It just seems like the right time to write resumes; given our current economic condition.

    Roger.

  3. Armando Ortega said:

    Bob:
    Tanks for your article. To be perfect it may need a three line paragraph reconciling “being happy” with “money-making” as it seems that it is a dichotomy. Keep writing.
    Armando Ortega.
    P.S. By the way, the “Captcha” device below is one of the hardest to read I`ve ever encountered.

  4. James Broadfoot said:

    I really appreciate the candid nature of this entry. Having passion, focus, and tenacity are so important, but self delusion can be tragic.

    The important thing is that success is different for everyone and should be measured inwardly by each person not by outward societal impositions.

  5. Steve Rainwater said:

    Hi Bob,

    Thanks for waxing philosophical in this post and a few recent others. I sent this to each of my 5 kids (ages 11-20). When I present this kind of stuff in my own “dad speak” it is often too long-winded. Hopefully they enjoy your concise approach enough that the message reaches them.

    slr

  6. tom barnett said:

    Nothing in the world can take the place of persistence. TALENT will not; nothing is more common than unsuccessful men with talent. GENIUS will not; unrewarded genius is almost a proverb. EDUCATION will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan “Press On,” has solved and always will solve the problems of the human race.

    Calvin Coolidge — 1932

    I can’t add anything else to that

  7. Solomon said:

    Hi Bob,

    Thanks for the great article. I will store this article to show my son when he grows up; and keep it for me too.
    Thanks for the wisdom shared!
    Solomon

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  9. bodybuilders said:

    Thank you very much for sharing! I would say that Aptitude + Hard Work will give positive results.

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