Has anyone ever asked you if you would like to achieve financial freedom and build wealth? Have you taken action in the direction of building wealth and achieving financial freedom? If not, don’t worry because you are not alone. Many people around the globe are in similar circumstances.
There are a few things that you can focus on when it comes to building wealth.
If you grew up in an environment where you heard such content like, we don’t have enough money, we are poor, we can’t afford it.
You probably developed a mental condition that made you think you were poor and that you have no choice but to continue in that manner even as an adult. These words can be very detrimental to many youths growing up. What youth’s today need to understand, is that this does not have to be something that stays true for you and your future.
If you are a parent and you want to aid in dissolving the poor me mentality in our youth’s of tomorrow, you will need to choose your words wisely. The kind of language you should be promoting must revolve around finding ways to attain the required assets to gain the necessary money needed to achieve results.
The alternative to “We can’t afford it” could be “That is not within our budget”. This simple change in use of the language opens up the possibilities to discuss budgets and look at alternative means for future purchases.
Another thing that can be done is to think long-term. Thinking long term allows you to harness patience and build a steady amount of wealth over time.
Understanding what it means to pay yourself first. Understanding this will allow you to start putting down the foundation that will help you pave the road to financial freedom.
When families decide to have conversations that involve wealth building and focus on ways to attain the money to achieve results, will allow the opportunity and the ability to dissolve the poverty cycle.
Being a resident of a home, where the common language heard was
we are poor, we can’t afford it, we don’t have enough money,
I had to learn quickly, however, I personally think I didn’t learn quick enough. It took me a while before I began to realize the lack of financial education. It took me discovering various resources and various books before I could actually get a better understanding of building wealth.
Do you want to build wealth, increase your savings and provide for your family?
Living well below your means will allow you to allocate the finances and funds towards any financial obligations you may have.
This requires a lot of discipline, a lot of patience, and this requires time management and money management skills. This isn’t something that will happen overnight, it’s something that will happen constantly as you make it part of your lifestyle and have clear priority goals.
Understanding this will definitely help you pave the road towards financial freedom and long-term wealth building.
Don’t fall victim to the get rich quick schemes. Your intention and your values should orbit around longevity, the future, and leaving a legacy rather than succumbing to the impulses of instant gratification.
Are you in it for the micro sprint to win, or are you in it for the macro marathon?
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Stay focused my friends.