Why Wealth-Building Systems Matter!
Image sourced by Sandra Tan @sandratansh
Recently, we covered Billy from Biloxi’s challenge to our Budget and Grow Rich® moneysaving and wealth-building approach.
In particular, Billy questioned Why we regularly feature step-by-step how-to moneysaving roadmaps and wealth-building systems. One. Two. Three and so on.
Because we find that Systems and Processes WORK!
Roadmaps, checklists and specific processes take the guesswork out of what to do next And drive action which produces results.
Think about your GPS for a moment. . .
Doesn’t your GPS guide your way to help you get from Point A to Point B?
I use my GPS all the time, even locally around town, because it identifies traffic patterns, traffic jams and accidents. All of which can help me avoid congestion and get to the office on time!
The key to operational excellence and achieving the results you desire consistently is SYSTEMS!
Routines, roadmaps and checklists. Processes and Systems!
In case you missed Part 1 the earlier posts in this series:
‘Billy from Biloxi Debates our Grocery-Saving Methods!’ click here.
‘Billy from Biloxi and Two More Wealth-Building Systems!’ click here.
If you’ve followed Budget and Grow Rich® for any period of time, you know that I Love checklists.
Checklists are a blueprint for action.
Which create organization and discipline around a process and add precision. And in the case of saving money and building wealth, systems make the gears work smoothly and crystallize the key action steps you have to take to save money and build wealth.
And assuming you follow your systems, You Will significantly increase the likelihood that you will achieve whatever goal and/or objective you’re seeking.
To me, as I run around during my crazy workweeks, my checklists give me confidence that I will remember to do what I have to do! And get it done right!
And that means it’s much more likely that I will achieve my goal – which in this example is to save money and build wealth. You can too!
One of my very favorite moneysaving and wealth-building checklists is my Grocery Shopping List.
I have created an Excel spreadsheet that lists all the items I buy at Trader Joe’s every week plus some other groceries and food items that I may want to buy.
The groceries and food items fit on one sheet of 8½ x 11” paper. It’s handy and complete yet not too unwieldy.
You can learn more about this moneysaving system right here and. . .
Download Arthur V’s Grocery Shopping List for FREE here.
Again, systems and routines take the guesswork out of saving money and building wealth.
Although it Is important to review and analyze your systems every quarter or so to make sure that you still need/want that system and what it’s designed to accomplish.
Systems deliver routines that work.
Like McDonald’s food preparation systems.
Whether you like McDonald’s food or not, a Big Mac® tastes the same at any McDonald’s restaurant in the United States.
Again, systems can help you achieve your financial goals.
And help you save money and build wealth.
In short, if you want to save more money and build more wealth, Create Systems!
Once you establish a goal, visualize and design a system to guide your way; and then create a series of action steps, point by point like your GPS. Embody that in a checklist.
Moneysaving and wealth-building systems work for me. They can work for You!
If you’re serious about achieving your financial goals, saving money and building wealth, Start with Creating Systems! AND. . .
Implement the systems and make them part of your routine.
Hands down!
Billy, why not give systems a try? You might be surprised by the results. . .
See you next week,
Arthur VanDam, CPA MBA
You, $1 million with these wealth-building systems! Click here.
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