Gazelle 14 Spring 25-48_Gazelle Magazine 4/17/14 8:22 PM Page 46
CAREER&MONEY
What
“CREATING Really Means
WEALTH”
By Donald Broughton
As Chief Market Strategist, Managing Director, and Senior Transportation Analyst for Avondale Partners, Donald is a frequent guest on CNBC and Fox. He
has been recognized as a top stock picker by the Wall Street Journal, Fortune,
Zacks and Starmine.
The creation of wealth to last a lifetime depends on development of skills in all aspects of
your life. In this recurring column, I will outline
ways to create wealth for financial independence and long-term sustainability. Financial
wealth, without intellectual, spiritual, emotional
or physical wealth, is a recipe for bankruptcy in
all of life’s phases. So how do you get started?
Set simple, realistic goals for each part of
your life and acknowledge that they are all interrelated. Success is not a destination, but a
process. The instant you set worthy goals and
start progressing toward them, you are a success. Others won’t recognize your success for
months, years, or even decades, long after you
are already successful.
FINANCIAL GOALS
“Pay off credit cards in full, and then continue
to pay them in full each month” is a simple,
easy goal that every financially successful person follows. It can be painful at first, but instills
a simple level of necessary discipline (and the
proper use and abuse of debt will be the topic
of an entire column in a future issue). Debt, if
properly used, can be an enriching experience,
but for most people, it’s just a four-letter word.
SPIRI T UAL GOALS
“Believe in something or you will fall for anything” is an axiom worth its weight in gold. I believe Christ is the Messiah, and that is the
foundation of my spiritual wealth. Of the thousands and thousands of financially wealthy
people I know, none of them sustain that wealth
without something they “believe in” down to
their very core. Find some time every day to
meditate, pray, read about, and study what you
believe in. Once you begin to have financial success, no matter how modest, start contributing
a small amount of that wealth to what you believe in.
EMOTIONAL GOALS
“In order to be trustworthy, you have to trust”
is true, but often one of the most difficult dynamics of creating personal wealth. Make a list,
and for the following week, reach out to those
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