Write yourself a Million Dollar check

A few years back, a friend of mine shared me a video of Jim Carrey's interview about how he struggled as a young actor long before his breakout role in the Ace Ventura movie. He was quite broke financially but he had a strong belief that he would one day make it although he didn't have much money while trying to survive in Hollywood. During this difficult time in his life he wrote himself a check - $10 million and dated it for Thanksgiving 1995. He put that in is wallet believing that one day he will make this much money and worked hard for it. The rest is basically history and he was paid $10 million for the movie Dumb and Dumber before Thanksgiving 1995.

This also reminded me the second Habit in Stephen Covey's The 7 Habits of Highly Effective People - Begin With the End in Mind. Basically this means using your mind to envision and visualize your end goal and what you want to achieve in life . Jim Carrey's story was so inspiring to me that I created my own $1-million check, dated it 31st Dec 2025 and signed it with my own signature.

I will usually view back this check once in awhile to remind myself of this target which I'd like to achieve by Dec 2025. Even if I don't reach it by that date, I know that I am working hard to attain it and this helps to motivate me to remain disciplined in my investing and money management using the money JAR system.

This check can be any amount that you may feel comfortable as long it is something that you believe in. For me $1-million check is the amount that I feel that realistically I could achieve by the end of 2025. Once I have achieved $1-million, it will be easier to go for my next milestone which is $3-million (using the magic of compounding interest), so I will be writing a new check by then.

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