Eight years ago I went into the studio and recorded a 56-minute video for teenagers called "Three Keys to Greatness." Although my focus was for teenagers, the principles I shared certainly apply to adults as well.
Recently I was asked to list these three keys using a couple sentences for each. Now for your benefit here they are again.
1) Setting Goals.
I call it the view of the future. Most people, including kids, will pay the price if they can see the promise of the future. So we need to help our kids see a well-defined future, so they will be motivated to pay the price today to attain the rewards of tomorrow. Goals help them do this.
2) Personal Development.
Simply making consistent investments in our self-education and knowledge banks pays major dividends throughout our lives. I suggest having a minimum amount of time set aside for reading books, listening to audiocassettes, attending seminars, keeping a journal and spending time with other successful people. Charlie “Tremendous” Jones says you will be in five years the sum total of the books you read and the people you are around.
3) Financial Planning.
I call it the 70/30 plan. After receiving your paycheck or paying yourself, set aside 10 percent for saving, 10 percent for investing and 10 percent for giving, and over time this will guarantee financial independence for a teenager.
