Wealth never happens by chance. It always begins with a clear goal in mind! Only when you are specific about how much wealth you want to create, then you will come with a practical plan to execute it. No matter where you are now financially, any target is possible as long as you use the right strategy. Below are some of the reasons why people fail financially:
- Not knowing how to manage, maintain and increase their wealth.
- Always find themselves broke because of poor financial decision
- Negative thoughts and beliefs associated with money that prevents them from attracting more wealth.
If you are facing similar challenges mentioned above, then read on because I am going to share with you how you can take immediate control of your own financial destiny, attracting more money into your life and start expanding your financial abundance today.
1) Re-program your mind to attract more money to expand your financial abundance
Re-examine the negative feelings that you had around money. Start by answering few of the questions below:
1) What are the negative beliefs that I have around money and rich people?
2) What will happen if I have more money?
3) What are the other beliefs or associations that I have about money?
Next, challenge each of the negative beliefs by asking:
"Is this belief true?
"Is there any counter example that shows otherwise?"
Finally, write down all the new empowering beliefs to replace the old ones. Read them out loud every time and let the positive words sink into your subconscious mind.
Remember that the block to wealth is in your own mind. Destroy that block by equipping yourself with a new set of empowering money belief system and you are on your way towards financial abundance.
2) Increase your ability to earn more income than ever before
Adding more value to other people's life is the key to increase your income and boost your financial well-being. You need to devise a way to consistently add real value to people's lives and you will prosper.
You can increase your ability to earn more by expanding your knowledge, key skills, and your ability to give more. When you do so, people will start to pay you more of what you do.
3) Maintain, accumulate and grow your wealth
Always spend less than you earn, and then invest the difference. Pick a specific percentage of your income that you will invest up front every month.
Next, develop your own financial freedom plan to track and manage your cash flow. Identify to eliminate all unnecessary expenses and learn how to grow your investment by consulting professionals. Besides, it is crucial to equip yourself with the basic investment and financial knowledge to improve your financial decision-making skills in the future. Without a clear-cut financial plan, you will eventually fail financially.
4) Manage and learn to protect your wealth from the authority and creditors
There is no use working hard to build your personal fortune only to see it all taken away from you. Many people who have taken decades to build their wealth only to see it wiped out by unforeseen circumstances such as accident, illnesses, and unexpected law suit.
Start engaging professionals such as lawyers, insurance advisors and accountants to protect your assets from potential creditors and government who may take away a big chunk of your wealth through a whole range of taxes that you may not have even heard about.
5) Enjoy your wealth
True wealth is an emotion. It is a sense of absolute abundance. Therefore, don't forget to reward yourself along the journey. This is to train your brain so that it is thought that earning money is an exciting and rewarding journey.
Create a reward plan and start the process of linking the feeling of pleasure and excitement to financial success. Count your success and celebrate them with joy no matter how small the progress is.
Let me tell you this: changing your beliefs about money and mastering your finances can be an incredibly rewarding experience in life. So, commit yourself now and begin your wealth journey today.
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