BEGINNER TIPS TO WEALTH

HEALTH IS THE GREATEST WEALTH

There is nothing greater than good health and wellbeing. A body and mind that is functioning with peak performance for your whole life should not be underestimated. Have a goal to put your well being and health first, be active and exercise daily. Mix it up each day, go for a walk, complete a 30 minute session at the gym or a 10 minute HIIT cardio session at home. Morning exercise should be a staple in your daily rituals. When you exercise for even a few minutes every morning it significantly boosts your energy, enhances your health, improves self-confidence and emotional well-being, and enables you to think better and concentrate longer.” If you have everything but good health you are not wealthy.

TIME IS THE SECOND GREATEST WEALTH

What’s the value in being busy all the time with work or other commitments. Time is the only thing that you cannot get back. You can get back money & in many instances health, but you will never get back time. So make sure that the time you’ve been given is not wasted and always use it for the right reasons. If you have all the money in the world but no time you are not wealthy.

WEALTH IS A MINDSET

One of the main differences between the rich and middle class people is their perspective on wealth. The rich see wealth as inevitable. In their mind, success is almost guaranteed. Most people don’t truly believe they’ll ever have wealth, nor do they believe that they’ll ever have success and with that attitude, they probably won’t.

“No one is ready for a thing, until he believes he can acquire it. The state of mind must be belief, not mere hope or wish.” – Napoleon Hill

DON’T FOLLOW TRADITIONAL ADVICE

Think of the most common financial advice, It probably includes recommendations like:
* Save your money
* Diversify your portfolio
* Spend as little as posible
* Don’t take financial risks
* Your home & car are an asset
* Pay off your credit card every month

According to the world’s most wealthy, this advice usually won’t get you very far. You have to think differently and the risk factor in the decisions you make should be pretty low. Try to find a deal has guaranteed profit no matter which way it ends up, and in the worst case scenario be sure you’ll break even.

“One of the reasons that millionaires are successful is that they think differently.” – Thomas Stanley

MAKE YOUR MONEY WORK FOR YOU.

Most people will trade time for money as they don’t know how to make money work for them. Think about it like this: every “gold coin” (or dollar) is like a worker that has the potential to develop hundreds of more “workers” for you automatically. This is the essence of having money work for you. So be sure that when you’re spending money that you’re not giving away 4 or 5 little “workers” that can never make you money again. Because of inflation, you’re actually losing money every day that your money is just sitting in a bank account.

MONEY CAN BE A LONG GAME — DO YOU HAVE THE PATIENCE TO PLAY?

It is human nature to want it and want it now, it is also a sign of financial immaturity. Being willing to delay pleasure for a greater result is a sign of maturity. Ironically, many people who might inherit a small, medium or large fortune would have no idea how to manage it. You need to learn how to own massive wealth responsibly. That takes time and personal development. Just as your money needs time to grow, you need time to mature and learn how to successfully own that much money without losing it or letting it corrupt your values.

“Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.” – Thomas Stanley

IMPROVING YOUR FINANCIAL LITERACY

You will only become as wealthy as you know how to. Your financial intelligence (in both words and numbers) is perhaps the single most powerful stimulant for building wealth.

“Your level of success will rarely exceed your level of personal development, because success is something you attract by the person you become.” – Hal Elrod

If you want to build the Empire State Building, the first thing you do is dig a deep hole and pour a strong foundation,” explains Robert Kiyosaki. “If you want to build a house in the suburbs, you pour a six-inch slab. The problem with most people who want to get rich quick is that they’re trying to build the Empire State Building on a six-inch slab of concrete. To build your wealth, you need a deep, strong and sturdy foundation of financial knowledge and literacy.

“Rich people are rich because they are simply more literate in more financial areas than others.” – Rich Dad

Developing massive wealth actually isn’t that rare, but sustaining that level of wealth is. If you don’t know how money works, you’ll never build wealth.

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