Is your fear of failure keeping you from being as rich as you could be?

Most people refuse to set goals.

I don’t know why. Maybe it seems daunting. Or threatening. Or just silly.

But it works.

If you set wealth goals, you will increase your wealth. But don’t just pull a number out of the air. Be realistic...

Start with your income. If you are earning R200,000 a year now, make a decision to earn R300,000 or R400,000 by the end of this year.

I don’t believe in over-reaching. Especially in the beginning.

You have to learn how to reach modest goals first. Once you have done that, you can crank up your internal moneymaking machine.

But income is only part of the programme. You have to set net-worth goals too.

Figure out what your net worth is today. (Add up all your assets, and then subtract everything you owe.) Then make a commitment to increase your net worth by a modest percentage every month. To do that, you will need to set two additional goals. You will have to spend less than you are spending now and save more.

Becoming wealthy is not much different from becoming physically fit. You start from where you are and train your muscles (in this case, the wealth-building muscles in your brain) to perform better as time goes on.

With each small achievement, you gain confidence and skill. Before you know it, you’re an automatic wealth-builder.

And MoneyMaking Insider will be there every step of the way in 2010 – showing you how to do it. Here’s to one of the most profitable years ever!

Pascale Barrow
Managing Editor of Money Making Insider