Wealth Building 101 – You have to have boundaries

by Stephanie Valentine on June 8, 2010

Guest post by Madalyn Ward, DVM

The thought of boundaries strikes fear into the heart of a freedom loving, renegade, dreamer/creator like me but I now realize why I need to have them if I am serious about wealth building. Energy that is not channeled by boundaries tends to be scattered and dissipates without much effect. Energy that is not channeled can even be destructive.

My Kiyosaki, Rich Dad education coach is helping me to understand the concept of boundaries on my path to wealth building. He has me working within a dream achievers program that forces me to break down my dreams into goals, projects and action steps. The action steps have priority of 1, 2 or 3.

A 1 must happen in a day, a 2 within a week and a 3 is on the someday list. The challenge for me is the 1s and 2s are generally not fun tasks but they must be done. It is much more fun for me to day dream about the 3s.

Once my goals are entered into my dream achievers program a schedule for each day is generated that sets my agenda. Agenda is another word I have not been fond of. All of these boundaries and agendas seem so anti-freedom. I expressed this concern to my Kiyosaki, Rich Dad education coach. He understood exactly where I was coming from but patiently explained that my true freedom and success with wealth building would come from setting and living within boundaries.

Here are some examples of boundaries:
Setting goals – Goals are a dream with a deadline
Deadlines – A date that a task must be completed or there will be negative consequences.
Agendas – Set the program for how something will be accomplished
Budgets – Set limits on the amount of money that can be spent on a project or within a set amount of time
Rules – Guidelines that must be followed
Laws – Rules with more severe consequences for not being followed

Values – Rules for behavior that benefit all concerned

So look at it this way. E + B = FM = S = F. Energy plus boundaries = forward motion = success = freedom. Enjoy the journey.

Madalyn

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