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I love strategizing. Maybe it was all those years I spent playing chess with my Grandpa growing up, but there is just something really fun about figuring out all of the possible strategies you can use to accomplish a goal.

For example, take my first “internationalization” goal from yesterday (or better yet, take one of your own goals or borrow mine for a moment):

  • Open up a bank account in Singapore or Hong Kong with $50,000 USD by March 31, 2012.

Hmm. Seems pretty straightforward at first (especially if you are not the one who has to do it) :), but if you’re like me, perhaps when you dive down into it you suddenly find that it’s not quite as simple as you originally thought. Drat!

In fact, there are several challenges I can think of right off the bat with this goal:

  1. How do you decide between Singapore and Hong Kong?
  2. How do you find a list of possible banks in each country and their contact information? Do you just google “Singapore bank”? How do you tell if they are reputable, honest, ethical, solvent, etc.?
  3. How do you determine whether or not they accept US customers? (Many do not)
  4. How do you find other Americans who have already done this so you don’t have to re-invent the wheel?
  5. What if you actually have to travel to Singapore or Hong Kong in person to set this up?
  6. What are the fees associated with the new account, and will it be “worth it” to you to have one?
  7. What are the reporting requirements associated with having a “foreign” account…will you now be on some sort of crazy “watch-list”?
  8. What documents do you need to send/bring to open the account?

Hopefully by now you have your own vision for financial independence and your 90-day goals all written down (good for you!), and you are starting to go forth and tackle those goals and get ’em done! But when you reach the inevitable roadblocks that will pop up along the way, you need some outstanding strategies to help you overcome them and accomplish your goals.

So today, I want to share with you my #1 go-to strategy for tackling my goals:

As Bruce Lee says,

Simplicity is the key to brilliance. It is not the daily increase but the daily decrease. The height of cultivation always runs to simplicity. In building a statue, the sculptor doesn’t keep adding clay to his subject. Actually, he keeps chiseling away at the inessentials until the truth of its creation is revealed without obstructions. Hack away the unessential.

or, if you prefer…

KISS… Keep It Simple, Stupid!

(or “Silly” if “Stupid” offends you…)

It’s amazing how we can complicate things so easily without even trying. I do this all the time, and have to continually remind myself to simplify the problem.

Now of course this isn’t the only strategy for success, and we’ll talk about many, many others over the coming weeks (including my next most favorite strategy—ask for help!), but I do have to say that this is absolutely positively THE #1 success strategy for achieving ANY goal. If you can just do this one thing, you will make your life so much easier in all respects.

And wouldn’t you love to live a peaceful, stress-free, zen-like life?

Me, too.

If you consistently implement this strategy, you can.

How much easier would your life be if you snapped your fingers and instantly half of your financial papers were just gone and magically taken care of? Or if your entire financial life were on auto-pilot and more money just “magically” appeared in your accounts each month than went out?

This is the eternal bliss that can be found with “hacking away at the unessential” and simplifying your life, and I fervently hope that you are able to achieve this bliss this year. We can work on it together…it’s an ongoing process for me!

Tomorrow’s article will be short and sweet as I will be attending another interesting “Accredited Investor” presentation (coal company in Mongolia)…I’ll let you know how it goes!

To your financial success,

—Kung Fu Girl