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1a.Yes. b.Jake was successful financially because,he has moved from where he was last year to a new place. ($5000-$7000). 2.The benchmark for measuring financial success is putting up a constant financial effort that results in you being in a better financial position than you would have been otherwise. Are you improving your financial situation from where you are previously. Do you have a lower debt load?Do you have more money set up in your savings account?If you answered yes,You're a financial successful person. 3i.Effort. ii.Reassess your effort. iii.Don't rely on someone else's definition of success. iv. Use your own achievement as a yardstick for success. v.Consistent. Effort:Improve your financial situation by yourself it's all about doing everything you can to guarantee that you're winning the race against where you were last year and preferably where you were last year is ahead of where you were two years ago and so on. What effort are you putting in, if you don't do anything your financial situation will not improve. You need to start putting some work into it, if you want to have less bills, move money in the bank, and the ability to replace that car without relying on a car loan. Don't rely on someone's else's definition of financial success for you. Use your own achievement as a yardstick to access your performance. If you have moved from your previous level to a new higher level then you are doing well financially. Effort is the single most important factor in achieving financial success or any form of achievement for that matter. If you put in more effort but don't see results you should either look more closely at where your effort is going or reassess your definition of success. 4. This article talks about financial success is it a possibility? it went on to say that it is possible all depends can your personal definition of it. Networth is the most important factor that is what figure dol get if I calculate the value of everything I own and minus my debts. That figure should i dealty be higher than a year ago if it's higher, I have made a profit. If not, I am making mistakes and won't be able to succeed financially especially if I don't change any pattern and redress the issue. it is also achievable by everyone on planet earth. It's all about self discipline and almost no one who cannot increase networth over the following year if they choose to do so. The major challenge is that many people have an unreasonable notion of financial success in their heads
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