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Being financially independent is a dream many have, but only a few ever achieve.

If you’re one of the many people who has dreamed of getting rich but never quite achieved your goal, then it’s time to take a hard look at your lot in life right now.

First of all, don’t measure yourself in terms of money. Yes, it’s a huge factor, but think of your independence in terms of time, because that’s the essence of living the Dot Com lifestyle.

You can always make more money, but you cannot reclaim lost time. True independence is in reclaiming the time you have.

So if you truly want to make positive changes in your life, think in terms of time. And then adjust your mindset so you earn money with the least expenditure of time as possible.

When you achieve that, you’re living the Dot Com lifestyle.

family on beach

Unfortunately, though, too many people aren’t aware of the obstacles that stand in their way and the hurdles preventing them from having the independent life they always wanted.

Here are five things that just may be holding you back:

Your Strategy

Take a hard look at your approach to subsistence.

The best 9-to-5 workers can be great at their jobs but never go anywhere because their strategy is simply to find a traditional job at a traditional company and stay on the track laid out before them.

Frankly, that’s a great way to be 25 one day and wake up the next to discover you’re 65. You’re spending your time safely, but that’s a shocking amount of your life that doesn’t belong to you.

Often, achieving true independence involves a far different strategy, one that involves thinking outside the box in terms of ways to make money and determine your own career. And the goal is to work smart, not hard.

light the way

Here’s my mantra for developing a successful strategy:

  • Create a plan, something that you’ll enjoy doing;
  • Find a mentor, someone who’s successful and interests you; and
  • Automate as much of your daily business tasks as possible.

Your Mentor

A mentor can be your key to finding success much faster than if you didn’t have one. When working with a mentor, make sure you choose someone who has the life and the money you want.

Simply choosing your superior at work or someone who is a friend is not enough. A mentor needs to not only inspire you, but act as a role model for your future success.

Put some serious effort into this. One source is live events hosted by successful entrepreneurs. They attract like-minded businessmen, so making contact with who is there is just as important as what is being presented.

mingling

Usually, you’ll be investing a weekend, so attend with a level head. You may get caught up in the spirit of excitement, but it’s important to observe why that passion exists. If you determine there’s substance to it, then start mingling in earnest.


Stay the Course

Many times, even with the right strategy and the right mentor, things can go awry. Your mentor and your strategy can help, but if you don’t stick with the commitment you made and keep a long view, you’re going to veer off-track, at a severe cost of time and money.

Entrepreneurs call this the Shiny Object Syndrome, ie- getting distracted by a product or service that gives the perception of quicker returns, except it really doesn’t.

Trust me, the pitches are enticing and the lure is seductive.

But they fail to mention that their breathless claim of making a kazillion dollars in one month is actually referring to a month that’s a long way down the road. If ever.

snake oil salesman

While any offer promising quick cash is dubious at best — even if there is something to it — the reality for making it work will still be to abide by the three-step mantra above. And doing so is just going to cost more time and money at the expense of the plan you originally researched.

It’s better to trust your work and the mentor you chose.


Letting Life Get in the Way

If you allow daily distractions to get in the way of your success, then you’ll never meet your goals for independence.

If you want to attain the Dot Com lifestyle, you need to be prepared to sacrifice everything you have for that success.

success

While there are times when life, friendships, and responsibilities need to be a priority, if you let those details get in the way your dreams, your plan’s full potential will sputter. That costs time, which is precious enough as it is.

These are the hard yards of becoming successful, when your personal life needs to be sacrificed in order to reach your professional and financial goals. You must be willing to make that commitment in order to move up.


Not Dreaming Big Enough

If your dreams don’t scare you, then chances are you’ve got to re-calibrate your aspirations. Don’t set goals you think are easy to obtain; set goals that will challenge you and make you work.

set lofty goals

Setting a big goal can only lead to an even bigger result. Keep this in mind when you make them for yourself, and once you reach one, up the stakes. Make a bigger one.

That’s how you build stepping stones to the Dot Com lifestyle.

There’s the template. Now, take action!

And feel free to start here.

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