According to the thefreedictionary.com road map is a detailed set of plans, guidelines, instructions, explanations and/or standards to determine a course of actions. Riches refer to wealth or an abundance of money, valuable possessions and properties.
4 Reasons Why a Road Map to Riches is Necessary
1. To have an overview of all the plans and actions to be taken to accomplish the objective of becoming rich
2. To avoid procrastination and waste of time
3. To show to other expert and successful people the journey that you have taken and the obstacles you have met for consultation and advice
4. To be used in monitoring plans and actions taken if they are within the timetable.
5 Steps On How to Prepare a Road Map to Riches
1. Finalize and confirm the objective of becoming a millionaire
2. Gather all the tools needed to accomplish the objective
3. Prepare the initial road map to riches by listing down all the detailed plans and actions to attain the objective.
4. Make changes to the road map, if necessary
5. Post the road map on the wall where it can be seen every day
Tools Needed to Prepare a Road Map to Riches
The objective or decision to become a millionaire
Changed attitude and discipline
Commitment to take the long journey to riches and finish it up to the finish line
Books, magazines, ebooks and other reading materials related to wealth building
List of possible sources of income
Basic knowledge of money management
Bank checking or savings account
Credit card or debit card
Internet service connection
Net worth computation sheet
A list of possible sources of income enumerates where money will be coming from in order to contribute to wealth. Example: online and offline businesses, multilevel marketing, real estate and stock investments, bank savings and certificate of deposits, and others.
Net worth computation sheet is a proforma form where detailed assets, liabilities and net worth are listed. To compute for net worth, liabilities are deducted from assets.
Example of My Road Map to Riches
Objective: TO BECOME A MILLIONAIRE IN TEN (10) YEARS
Period Covered: July 01, 2012 to June 30, 2022
Plans and Actions Start Date End Date
Assess present financial situation (I have US$1,000; checking account; used computer and printer; Internet service connection 2012-07-01 2012-07-01
Finalize and confirm the objective to become a millionaire 2012-07-02 2012-07-02
Conduct research on how to become a millionaire (books, online information) 2012-07-03 2012-07-12
Set my mind that "I want to be a Millionaire" 2012-07-02 2012-07-02
Determine possible sources of income based on the present financial situation 2012-07-08 2012-07-12
Create a website with blog 2012-07-01 2012-07-05
Finalize the Road Map to Riches 2012-07-12 2012-07-14
Post the Road Map on a wall that can be seen everyday 2012-07-14 continuous
Do monthly or weekly blogging 2012-07-05 continuous
Surround myself with books related to wealth building for easy reference and guidance 2012-07-03 continuous
Put advertisements on my website 2012-07-05 continuous
Subscribe to Affiliate Marketing 2012-09-01 continuous
Create and sell ebooks 2013-01-02 continuous
Solicit money donations 2012-07-10 continuous
Sell products & services 2012-09-01 continuous
Join Multilevel Marketing 2012-11-01 continuous
Join networking 2012-07-05 continuous
Reduce number of credit cards 2012-07-01 2012-07-31
Pay credit cards with high interest rate 2013-01-01 2013-12-01
Save money 2012-08-01 continuous
Reduce car expenses 2012-08-01 continuous
Minimize dining out 2012-07-01 continuous
Eliminate landline phone and subscribe to Magic Jack Plus phone 2012-08-01 2012-08-31
Buy and sell real estate properties 2016-01-01 continuous
Compute for Net Worth to monitor progress 2013-03-15 (and every year) 2013-04-15 (and every year)
Since I have a very limited money, my strategy is to start with a website with a blog which I can use to generate income. I expect that the online income from advertisements and affiliate marketing will be limited during the first year of operation. Once I publish at least 50 blogs, I will submit my blogs to carnival blogs to attract more traffic and tune up my search engine optimization, I am hoping that my online income will start to increase on the second year and thereafter.
You can copy the sample Road Map to Riches and make adjustments based on your financial situation. The earlier you implement the Road Map to Riches, the sooner you become a Millionaire. GOOD LUCK!
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