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Pillar 2: Discover Your Wealth Mentality
I often hear people say, “I’m broke,” a phrase I never speak. When you think and speak in terms of lack, the universe will grant you precisely that. A person with a wealth mentality realizes any financial shortcomings evident in their life but does not allow their financial shortcomings to define their financial situation long-term.
Always believe and affirm that you have more than enough resources, money, opportunities, favor, success, quality relationships, and fortune.
The Steps to Create Abundance For Your Life
Step 1: Envision what more than enough looks like for your life.
Step 2: Ask yourself: How can I make my vision a reality?
Step 3: Write out a roadmap.
Step 4: Start taking consistent and daily action today.
Step 5: Surround yourself with enriching and quality relationships
Step 6: Increase your financial knowledge through self-education
Step 7: Write down new ideas daily that can help you increase your wealth
Earl Nightingale recommends a person write down 20 ideas a day at least 5 days a week or spend 1 hour each day thinking of new ideas that will help you close the gap to where you are now and where you want to be.
Read More: Here
Pillar 3: Stop Trading Your Time For Money
Most people fall into one of the three categories when it comes to money…
Category: M1 – Trading time (life) for money (earning wages).
96 out of 100 people fall into this category. People in this category work their entire lives in hopes of living the good life one day.
Category: M2 – Investing money to earn more money.
3 out of 100 people fall into this category because most people don’t know how to invest.
Category: M3 – Creating multiple streams of income to make you a fortune multiple times over.
Only 1 out of 100 people fall into this category.
Which category do you fall in? If you fall into M1, are you willing to continue trading your life (time) for money?
Read More: Here
Pillar 4: Ten Steps To Live An Enriched Lifestyle
The way to live an enriched lifestyle can be simple unless you make it difficult.
Here are the 10 steps:
Live below your means; avoid lifestyle creep like the plague.
Enable your money to work for you through investing.
Consistently implement viable ideas to increase your income.
Increase your income sources – especially passive income.
Educate yourself on everything finance to inspire new ways of thinking.
Surround yourself with wealthy individuals.
Engage in entrepreneurship, and work for yourself.
Embrace minimalism.
Study the top 1% of the wealthiest 1%; pick their brains.
Think thoughts of wealth, prosperity, and abundance.
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Read More: Here
Pillar 5: Make Money Your Servant
Most people spend their lives as servants to money and give away 5 out of 7 days a week to earn more dollars.
Instead of setting themselves up to be a master of money, they trade their time – their lives – for a limited amount of money.
The question is, why do people trade their best years to work in jobs they don’t like, with people they don’t like, with work they find no meaning in?
Conformity.
Earl Nightingale said it best: men simply don’t think, and they often find themselves in a vice-like cycle of conformity. People do what everyone else does, which is why the 1% are the 1%, and the rest are in the 99%.
If you want to make money a servant to you, you need to do one thing:
Invest.
If you’re not investing, you’re losing. When you invest, you begin the process of enabling money to work for you and compound without limits – 24/7. When you don’t invest, you choose to surrender your time for a limited amount of money.
Read More: Here
25 Extreme Personal Finance Tips
50 Extreme Personal Finance Tips
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This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.