We all dream of financial freedom, the ability to enjoy a comfortable life without the nagging worry of making sure our decisions around money are meeting their potential. But how do you transcend from daydreaming about wealth to actually building it? It may not be as complicated as you think. Here are seven unconventional strategies for pursuing wealth.
- Don’t be glamorous, be practical: live below your means. It’s a simple concept that many find difficult to follow. Sacrificing impulsive spending for a wonderful future sucks but it can mean a clear path to success. Remember, a modest lifestyle now may help prevent a future of financial struggles.
- Invest Your Time Wisely: Time is the only asset we can’t replenish. Surround yourself with people who inspire you, not those who drain your energy. Instead of losing hours in front of the TV or scrolling through endless feeds, invest in learning new skills or nurturing meaningful relationships.
3. Commission over Fixed: Fixed incomes rarely lead to wealth. Instead, seek out careers that reward you based on performance through commissions or profit-sharing. This shifts the control back to you – your efforts directly influence your earnings.
4. Automate your savings: By transferring a portion of your income to savings as soon as you’re paid, you eliminate the temptation to spend what you can’t afford. Treat your savings like a non-negotiable bill: the bill of YOUR financial freedom.
5. Be Rich, don’t look rich: Society pressures us to conform, to purchase the latest trends, to showcase a lifestyle we can’t afford. Resist the urge to keep up appearances. Wealth isn’t built on the latest gadgets or fashion – it’s built on financial prudence and smart investing.
6. Check Your Mindset: We all have limiting beliefs that hold us back from living our best lives. I’ve seen most of those beliefs show up in relationships and money. If you’re not wealthy, what’s holding you back? You need to figure this out and change it. I’ve worked with hundreds of people, and many have made incredible change once they overcame their fears or false belief systems. What beliefs are lurking in your mind?
7. Be a Creator, Not a Consumer: Every moment you spend consuming entertainment or envying others’ lives is a moment not spent creating your own success. Shift from passive consumer to active creator. Write, build, design – use your talents to construct a life you would want to check out on instagram cuz the Kardashians suck.
Becoming wealthy is more than just making money; it’s about developing a mindset that’s rooted in growth, self-discipline, and innovation. If you need help, feel free to reach out on instagram @moneymindsetmami or linkedin or my website: www.moneymindsetadvisors.com
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* The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which strategies or investments may be suitable for you, consult the appropriate qualified professional prior to making a decision. Investing includes risks, including fluctuating prices and loss of principal. No strategy assures success or protects against loss.
