Spend when you have to not when you want to. Make your priority of having to spend money on investments 90% of the time. Build some financial habits that your kids can model too and learn from you how to develop an abundance mindset. Otherwise by default your teaching them the poverty mindset. when you want to spend you only have 10% to waste this way. You need a proper strategy to build long term wealth. Multiple accounts, and good financial discipline and management. If your spending 90% on wants and 10% on investing youll never have long term money. But if you live off that 10% and keep growing it eventually it will equate to that 90% You wanted to spend and waste anyway and will never diminish your empire. Middle and poor classes are told to invest 10%. Which is pure horse shit. Dont buy into that. Live below your means and invest the majority like the rich do thats how you eventually become rich and wealthy yourself. Structure your income into manageable accounts and always think how you can raise your income to make more investments. If you want to see a persons financial IQ just follow the money. Trace back what you spend and you will see the percentages of money being used on wants and on needs. 2015 is war people, you need to invest to build up your armoury your supplies your resources. Money is a great slave and a poor master. Unfortunately most people reverse that statement and make themselves a great slave and money their master. Get your mindset right in war people dont come back home unless theyre mindset is programmed to bring them home. Have a financial plan to get you to the battle field and back home in one piece. Invest like most wont so that you can live a life that gives you and your family complete freedom to live out your higher purpose passion and beliefs.
Posted on: Mon, 05 Jan 2015 02:34:51 +0000
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