The truth of life is that sustainable monetary well-being and even wealth is within the reach of each of us.
We are capable — we are fully capable — of creating the life and level of prosperity that we want and deserve.
In today’s article we’ll talk about what you should do to improve your financial well-being.
I will say right away that it is much simpler than is commonly believed.
1) The real secret of wealth
These are not connections, cronyism, “hairy paws” or access to cutting budget money.
Everything is much more prosaic — these are our daily habits when handling money.
Small but consistent actions over time lead to big changes in career, income level, savings, etc. financial goodies.
2) Our attitude towards life determines the “height” that we will conquer in our lives
Imagine your Future in detail (the way you and your family want to see it).
Then write down in detail what you need to change in order for what you want to become a reality.
Well, then, start systematically doing everything you wrote down.
3) Previously, knowledge about money and its increase was expensive
Now financial knowledge is either incredibly cheap or completely free.
After all, today on the Internet we can quickly find out everything we need.
Most of the skills (required to create wealth) can be learned completely free of charge — if you want.
This is why these days it has become easier to find a job on the Internet (or make money online yourself) than a job in your city/region of residence.
4) Ask yourself another question
The amount of money we have in our bank account is determined by the quality of our financial decisions.
Let me give you this example:
Many people today are chasing fashionable types of investments: crypto, sports betting and other pseudo-investments.
People are looking for the answer to the “wrong” question:
“What new types of investments will make me rich quickly?”
The “correct” question sounds completely different:
“What investments are guaranteed to make people rich? What always works in this area, at all times, from generation to generation?”
5) Investments are like a “bar of soap”
They are similar in that the more we touch them, the smaller they become (like a bar of soap).
Therefore, you should adhere to a long-term strategy when investing.
It is also called “Buy (quality assets) and hold (them forever).”