By in Video, Wealth


News Flash; I’m nominated for a Plutus Award in the Best New Ebook Category for my ebook 20 Minute Guide to Personal Finance (download for free on the right)!! Please vote for me here!

Some of the best advice I’ve ever received came second hand from El Carino’s mentor:

If you have an idea, jump in, do it, and figure out the details later.

This may appear reckless and is not meant to apply to irresponsible and dangerous activities. So I am assuming you will use some personal judgement with this advice.

The Backstory

When I was younger, I was plagued with fears; What if I can’t find a career path?, What if I fail?, What if I’m not good enough? etc. These fears kept me from realizing my potential as a young adult. Does this sound familiar?

Now, many years later, I have completely changed.

Ignore Your Fears

Over time, I have learned how to achieve tremendous success by setting goals and ignoring my fears.

Here are some of my recent fears and what I did about them.

FEAR: Wanted to get an MBA, but was scared.

ACTION: Took the GMAT, applied to the University, started by taking one course, and completed the program in 2008 with a 3.9/4.0 GPA.

FEAR: Wanted to start a blog, but was scared.

ACTION: Wrote 20 posts, spent $2.00, and downloaded Building a Better Blog, by Trent Hamm of The Simple Dollar. Hired a “blog set up” guy, from that book, and started Barbara Friedberg Personal

FEAR: Wanted to teach Finance at an MBA program.

ACTION: Pulled together a professional vita. Culled the local colleges for professor positions, applied, and was hired.

FEAR: Wanted to start a YouTube Video channel and create a series of videos.

ACTION: Got a video camera for my holiday present. Set the video up on my file cabinet. Shot the video, Have the Best Holiday Ever; Say No to Holiday Spending

After this one, I shot several more and improved the quality of each one.

Obviously, I hit roadblocks along the way, and the process was difficult. But with persistence and diligence, I kept going no matter what.

The Takeaway

  1. Set your priority and decide what you want.
  2. Write it down.
  3. Break the goal into smaller steps.
  4. Write each step down.
  5. Do one step now.

When fears, and reasons not to start creep in, and they always do, ignore the negative voice that is screaming; what if you fail, what if you can’t do it, what if it’s a waste of time, what if it’s a waste of money. Set the goals and get started.

That’s it, no fancy system, just get started.

This is part 1 of a series showcasing my YouTube Videos. Learn personal finance and life skills from these instructional videos. Stop by next time for Part 2

What is your strategy for goal setting and overcoming your fears? Do you have a 5 year plan?