Building your net worth and networking can seem like a daunting task when you’re not familiar with how to do it, but it ‘s worth it.
In a generation that constantly screams, ‘own your own business,’ ‘build your empire,’ or ‘you must make six-figures’ can feel like unwanted pressure on your back that you may not know how to achieve.
All of those things are worthy goals.
However, everyone is not destined to be an entrepreneur and your happiness doesn’t have to be tied to the hard 6, 7 and 8-figure numbers.
As the late great American author and self-development coach Earl Nightingale says, “Success is really nothing more than the progressive realization of a worthy ideal. This means that any person who knows what they are doing and where they are going is a success.”
Building your net worth is not always tied into the amount of money you have stacked in the bank.
Let’s first examine the definition of “network.”
A network is defined as a group or system of interconnected people or things.
With that in mind, have you examined the people you are surrounded by?
Now, let’s define net worth.
Net worth is the total wealth of an individual, company, or household, taking account of all financial assets and liabilities.
This also includes what I define as a “social net worth.”
The old saying goes, “the sum total of the people you surround yourself with you eventually become.”
Let’s say your goal is to earn more money and invest.
Can you turn to your current circle of friends or associates to learn how to make more money and invest in worthy investments?
If not, it’s time to surround yourself with those who can.
If your goal is to ‘upgrade’ your life through more travel and experience different cultures with your current social circle, examine if your current circle is in a position to do so.
At the very least, are they willing to understand and take action on how to get to that point instead of making excuses?
You may learn you’re the only one in your circle who has the resources to experience the luxury of traveling. Do you give up your current friends in order to do that? Not necessarily, but you may have to start surrounding yourself with like-minded individuals.
You don’t have to already be rich to surround yourself with other people who are doing things you would like to see manifested in your life.
These individuals can help you get to where you want to go through mentorship and resources they can pass on to you to utilize as leverage.
Here are some practical steps to build your net worth through “social networking.”
Step 1: Identify what you truly want in YOUR life.
Really think about this one. Don’t let it be just because of what you are seeing on social media on a daily basis. Truly look within yourself and define what that worthy goal is for you.
Step 2: Find someone who has already accomplished (or is currently) accomplishing what it is you want in life.
Through my experience, I have found that, nine times out of 10, this will have to be outside your current circle. Some people are comfortable where they’re at in life and you may be at a point where you want to evolve.
Step 3: Attend networking events.
In the digital age and the COVID era, there are no shortages of virtual networking events.
These events cover financial, travel, personal development and dating, etc.
Examine the success of these events from the past. If the majority of people who have attended these events have shown their life has truly improved, you’ve found the right one.
Step 4: Focus on offering VALUE.
It’s so easy to just focus on the monetary gains behind what you do or what you will do. When you put the emphasis on the more value you can offer other people, I promise you they will go above and beyond for you when you need anything, and the monetary blessings will flow.
So Bayou Beat News readers, have you increased your net worth through your network?