DELIVER YOUR MINDSET
Therefore, it’s number one. A shift in your mindset could change your life. Your mindset is more important than any other factor in your life and wealth.
First, ask yourself do you have a fixed or growth mindset.
A fixed mentality believes that one’s personality and abilities are fixed and inborn. A growth mindset believes that people can develop and strengthen their personality and abilities through dedication, persistence, and focused effort. Your mindset is basically your lens through which to view the world. Your mindset can change how you view the world and how you perceive life. Perceptions and attitudes towards things can affect how you think and make decisions. People who are growth-focused try to improve their mind, body, and spirit. They learn new techniques and do the right thing to stay in a high-performing state of mind.
It’s all about focusing your energy and time on things you can control. This includes exercising to reduce stress and increase energy, eating healthy food that provides the fuel you need, saving money, investing in home and property, and making your finances work harder for you. It’s about surround yourself with people who are supportive and encouraging.
CLARIFY YOUR VISION
Many people don’t have the life they desire because they don’t know what they want. A clear vision of where you are going will inspire you to get up every day with a plan and purpose. How do you clear your vision of where you want to go? It is about focusing your attention on your intention. Imagine you can time travel into the future by closing your eyes. Imagine you are at the home of your future self. Is it there? How would it look? Imagine meeting your future self. What does your future self-look like? How do they look? It is important to have a vision and a plan if you want to become truly wealthy. Real wealth-minded people don’t trust their portfolios and their lives to chance. Instead of focusing on the worst, they would prefer to focus on a proven strategy that is based on consistency and persistent discipline.
FOCUS ON FINANCIAL FREEDOM
Financial freedom is achieved when your passive income exceeds what you spend. Money is simply an instrument of exchange and value store. Money is a tool that can be used to trade your time, no matter how much money you have. You will eventually have to trade your money for something that brings you more happiness and fulfillment. The truly wealthy invest their money in their time. People don’t value the time that they do have. Wealthy people value their time and want to be with friends, family, and the community. They work hard to build wealth so that they can buy back their time.
60% of Americans live from paycheck to paycheck. Credit card abuse is a major problem when you have loans for home or anything. Today’s majority of people buy items and then spend their time working to pay them off. This is a way to trade time for money, which can lead to a decrease in their wealth. It is important to remember that wealth does not come from working hard or being employed. People can become wealthy by investing in income-producing properties. Wealthy people have a larger picture in their minds and invest accordingly. They realize that if their passive income streams exceed their lifestyle expenses, they can have financial independence as well as time freedom. This gives them flexibility over the long-term.
BUILD A TEAM OF SUPPORTERS AND EXPERTISE
You need to expand your vision and find people to help you reach it. Next, look at these two areas to make it happen. First, think about what you can do that is unique to you and something you love doing. The second step is to look at the potential partners who can assist me in other areas that have their own strengths. It’s all about teamwork. Find what you’re best at, what you love doing, and then find or partner with people who are good at other things. It is important to find someone who has the same knowledge as you do so that you don’t have to spend your time trying to learn it or doing things that are not your forte. Wealth doesn’t necessarily require you to be in the most lucrative job. All that is required to make it a success is a plan, a team, and the determination to stay with it over the long-term.
LEARN, LEARN and LEARN
You can read books, take classes, research online, watch videos, listen podcasts or attend classes that will help improve your financial intelligence, outlook, understanding of people, and your ability to live a happier life. Wealthy people invest their time learning about investing and money. People seem to find entertainment to escape from their lives. This is fine, if they don’t let it take over their lives and stop them learning and growing. The most important thing to do when investing is to invest in yourself. Join a group with like interests and mentors. Over the years, I have personally invested thousands of dollars in my education. Personal development seminars can be as short as one evening or seven days. They can even last ninety days. Or they can last a year. Each dollar and hour that I’ve invested has been repaid many times over.
