Law 45: Work on your wealth not just in your job: Pause in your routine and plan to grow.

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To succeed in your small business and move forward in your career you need to understand what ‘working on’ and working in’ mean.

Working in a career or job is what most of us do every day. We accomplish our day to day duties at the job, we live month to mouth and get our pay cheque and maybe year to year for the end of year bonus.

Worker or self-employed however, you must work on your wealth as well as your job, career or business. This is what will push us forward. To accomplish it, “we must step outside ourselves and look for means to grow, improve, increase turnover, increase profit and margin, reduce costs and overheads and learn more that will give us the skills we need to succeed.” Thanks, Johnnie.

We can call this the ‘strategy’ part of your business or career. It consists in asking questions as: how can I work to get that promotion and higher salary? How can I grow my business or set up systems so that it is not entirely dependent on me?

Now, how can you work on your wealth?

That’s what you are doing right now by reading this material to get the right mind-set and psychology, the right strategies and systems, and taking action on the 48 Laws of wealth.

The most successful and wealthy people devote a great deal of time on growth, strategy and the future of their businesses. You must also find a specific and set time and use it to build your wealth. Do it at your most productive hour where there are no distractions. One hour every morning in a quiet corner of your house will do.

You also need monthly and yearly review of your finances.

Find out each month if you have worked within your wealth strategy [Law 25] and how much as a percentage you have spent/invested compared to what you budgeted.

Then every year do a thorough check up to review your net worth as compared to the previous year’s. Edit your spread sheets as you change your figures and increase the amount of money going in, debtors and creditors, expenses, investments, loans and interest, direct debits and standing orders, credit card balances and so on.