The vast majority of people facing financial problems throughout their lives: They spend more than they earn, borrow and live stressed. They dream of travel, buy your car, etc. but their dreams remain only in frustration.
These problems are often a reflection of bad financial habits. Then I share a series of steps, ideas and tips for from today begin your path to financial success.
1. Define what your purpose
Make yourself 2 questions: Why and what you want to be rich?
When you want to achieve a goal without a purpose, chances are that you get tired halfway and find plenty of excuses to quit.
The first step to achieving financial success is to find a strong purpose that is beyond the material. Your purpose is to make you jump out of bed every morning; you will overcome your limits and help you get up as many times as necessary.
“Being the richest man in the cemetery is not something that I care. Go to sleep at night knowing that we have done something great, that’s what matters to me.” – Steve Jobs
2. Write down your financial goals
Write your goals significantly increase the chance of achieving them. When writing your goals you are committing yourself to them and you’re saying how important they are to you.
If you prefer, you can also draw them or develop a vision board. The idea is that while plasmas your goals on paper, you commit firmly to achieve them.
Put your goals in a place where you can review them constantly, so the recall and you can follow them.
3. Get into the habit of saving
After the savings habit has 2 powerful elements of success: Discipline and Sacrifice.
Warren Buffet, one of the richest people in the world, says: “Do not save what is left after spending spends what’s left after saving.”
Allocates a percentage of your monthly income to a savings fund. Meets that percentage every month. Those savings will be the basis to build your way to financial success.
“Without motivation, there is no sacrifice. Without sacrifice, there is no saving. No savings, no investment. No investment, no growth.”
4. Track your expenses
If you spend everything, you earn, never going to grow financially. Do not waste your money before earning it.
The vast majority of people tend to increase their spending as incomes rise, so will never have enough money to accomplish all that have been proposed.
It is well that as you increase your income looking to improve your quality of life, but be careful to build a lifestyle that is out of your possibilities. Luxuries we can see, debts do not know. You do not need to prove anything to anyone.
“If you spend buying things you do not need, you’ll soon have to sell things if you need.” Warren Buffet
5. Grow a personal and professional level
Something very important is that from the moment you decide to start your path to financial success must be willing to educate and prepare.
Invest in you. It grows as a person. Learn new skills. Learn to manage your money wisely.
“The best reward of becoming a millionaire is not the amount of money you earn … is the person you have to become to become one.” – Jim Rohn
You may also like to read another article on Tradenligne: 10 Tips to be financially free
Once you get to this step, you have become a disciplined, organized and smarter from the person financially. You are ready to go after any goal that you propose.
It is time to envision, plan and seeking out business opportunities that allow you to bring your finances to the next level.
Identifies those industries and opportunities that are consistent with your passions, experiences, skills and talents.
“A Japanese proverb says literally: ‘Iza candle with your hand stronger’ that means that in life you have to go after opportunities for which you are better prepared…” – Honda-Soichiro
The next step in your way is to put your money to work for you.
These are some of the options you have to invest your money: create your own business, buy a franchise, investing in the stock market, investing in forex, investing in real estate and investing in business projects of others.
Each type of investment carries its own risks. The important thing is you make investments passionate to you and you capacities to invest intelligently.
“Whoever flees Investment, Gain flees.”
8. Be responsible
A more money, more responsibility.
Once your income grows exponentially through your investments, temptations will appear one after another. Do not let greed blind you and take you to put your money where you should not.
Nor let the money “go to your head” and end up hurting those around you.
Go your way with humility, patience, discipline, responsibility, insight, intelligence and wisdom.
True wealth is not only material. Be sure to be rich in knowledge, in spirit, in happiness, family, health and love.
Use your wealth to build a better future for you and those around you instead.
10. Be happy, share and thanks
Finally, the financial success has a lot to do with being really happy and able to positively influence the lives of others.
Although I have made this point to the end, the truth is to be happy, and thank share are three elements that must be present in every step you take.
“The trick is not to wait to be rich to be happy, but to be happy on the road to wealth.”