The five-step success method is the methodology of Dalio, the founder of Bridgewater Associates (author of the book "Principles").
Let me give you an example to explain how to apply this methodology.
When setting goals, don’t worry about whether the goal is achievable.
Let’s try to set a goal: financial freedom in five years. Financial freedom refers to passive income that allows you to live a worry-free life. No need to go to work, go to work, money will be automatically transferred to your account every day every month.
Assuming that we need 20,000 yuan for living expenses a month, then our goal is to achieve an income of 30,000 yuan every month without working (the extra 10,000 yuan here is used as surplus food).
Since the premise is passive income, working by yourself is not feasible, and this is not within the scope of our consideration.
Generally speaking, passive income sources include but are not limited to royalty income (book publishing, intellectual property rights, invention patents, etc.), financial management income, asset leasing, self-media advertising income, knowledge realization, and startup company listings Cash out, etc.
After we sort out all the sources of passive income, we should do a screening based on our personal ability level and resources to eliminate inappropriate sources. Look again at what barriers there are among possible sources.
Assume that a person's passive income includes royalty income, financial management income, asset rental, self-media advertising income, and knowledge realization. Then, you need to allocate the proportion among these sources according to your actual situation. The ultimate goal is to achieve a total monthly income of 30,000 yuan from various incomes.
In this way, our goal has basically taken shape. Why do we say this? Rome was not built in a day, and financial freedom cannot be achieved in a short time. So we also need to set a time for this goal, such as 3 years or 5 years. Not too short, not too long.
When our goals are determined, we must start to look for obstacles leading to the goals that prevent us from completing them.
For example, in terms of financial management income, if you do not have financial management knowledge, this is an obstacle, and insufficient principal is also an obstacle. If your knowledge level is not enough to realize it, this is also an obstacle. Doing self-media but not having many fans is also an obstacle.
List all obstacles. When listing obstacles, try to look at yourself from an outsider's perspective to ensure that the obstacles we list are consistent with objective facts and that nothing is omitted.
After the obstacles are listed, we need to break each obstacle down into clear questions.
For example, the obstacle to self-media advertising revenue is that there are only a few hundred fans, which is still far from the target of 100,000.
Turn this obstacle into a problem statement - how to increase the number of effective fans to 100,000 within a specified time?
Then subdivide the problem into Make a list of questions:
1) Internal question: How to write a 100,000-hit article every month
2) External question: How to gain fans every month The number has increased by 30-50%
3)? . . .
The questions will be gradually refined:
1) What are the characteristics of 100,000 explosive articles?
2) What is the current level of my writing ability? Which part of the ability still needs to be improved
3)...
When our problems have been refined and completed, we will proceed to the fourth step.
The fourth step is to list the tasks to solve the problem: break down the goals, make them executable, and the more detailed the better.
Make a task list based on the question "What are the characteristics of 100,000 explosive articles":
1) Collect 100,000 explosive articles within a month from major leading media /p>
2) List the themes of each explosive article, and find out the rules of topic selection from the theme
3) Find out the writing techniques of each explosive article, and classify the writing techniques Class, statistics
4). . . .
When we have a plan, start step five.
The fifth step is the last step and the most difficult step to complete. There may be various reasons for this, such as lack of self-discipline, setting the goal too high and too difficult, or the task list not being detailed enough. Can be executed and so on. No matter what, we should stick to the task list, and if the task is too difficult, we can make appropriate adjustments. Only in this way can we achieve the goals we want and achieve success.
What should be noted here is that each of the above five steps must be executed step by step. Setting a goal is setting a goal. Don’t think about whether it can be completed. Diagnosing the problem is diagnosing the problem. Don’t think about how to solve it.
Can you also use this methodology to develop a financial freedom plan for yourself?