1. The REAL Secret to Building True Wealth
The number of millionaires in the world continues to increase each day. Even during the Covid-19 pandemic, the number still went up by 7.6%. This represents an increase in the number of millionaires, and yet 1 in 3 people live paycheck to paycheck and are unable to cover a $2,000 emergency.
The majority of people out there believe that only the rich can get richer and the poor will continue to get poorer.
As a consequence of this belief, they do not nothing, and they fear them further away from where they want to be or achieve.
Do you want to know the REAL SECRET to build true wealth? Here it is: Your wealth-building potential comes down to one thing, YOU.
2. Rise Above The Myths About Wealth
Every society has myths about wealth. Some of the myths are restrictive or may have a negative effect on people pursuing financial freedom.
If you believe that wealthy people are corrupt you’re right. And if you believe that wealthy people are just you’re right.
You should train yourself to rise above any myths or misconceptions you may have about wealth.
The truth is that anyone could be a millionaire with the right mindset and habits.
REMEMBER: To deliberately make daily decisions that are geared towards achieving personal finance success.
3. What Are The Habits of Everyday Millionaires?
Do you know what it actually takes to become a millionaire?
You don’t have to wonder about and try different things, all you have to do is form the millionaire success habits.
Be A Life-Long Learner - Millionaires are life-long learners. Always read and seek information about how to better yourself and your business.
Go Against the Flow - Always question popular beliefs.
Own your destiny - Have Purpose, Direction, be Motivated and always Implement. These are the 4 pillars of success so that you can live and leave a legacy.
Set S.M.A.R.T Goals - Specific, Measurable, Achievable, Relevant, and Time-Bound long term and short financial goals in all aspects of your life such as family, fitness, career, social, spiritual, etc.
Live Below Your Means - to live a sustainable life of true wealth, strive to save/invest at least 15% of all of your earnings
Create A Spending Strategy - Stop leaks, pay yourself first, save, invest, pay off any debts, and use cash only (no credit). When developing a strategy on how to spend money, involve your partner, family members, or any others that may be financially dependent on you.
Be Willing to Work Hard - Do whatever it takes to achieve your goals. Your salary, smarts, and resources don’t matter, the most important thing it’s what you do with your time. Get up early, exercise, educate yourself, be motivated, work hard, and always seek to improve yourself and your business, even when things are great.
Be consistent - Excellence is not an act, but a habit. Develop a character to go for what you want, commitment, intentionality, goal-setting (planning, preparation, passion), and be consistent with these if you want to be financially successful.
Share your knowledge with others - If you want your kids to become millionaires then you need to model millionaire behaviors for them. Teach them how to develop the right habits for success, involve them when planning and setting goals, and most importantly show them how to handle money.
4. Get A Vision for Financial Freedom
Many millionaires have a public high school education or state school degree and an average job. Having the right mindset and habits will take you further towards achieving financial freedom and becoming a millionaire than your education.
REMEMBER: Your gender, environment, or age do not matter. It's your IN-vironment.
You are the one with the power to accomplish your goals.
The most important thing is to:
Know where you stand
Share your goals with a trusted community of wealth builders
We become like the people we surround ourselves with. Choose to surround yourself with legacy leaders. Become A Legacy Leader!
Subscribe & Review in iTunes
Are you subscribed to the Online Business Clinic podcast? If you’re not, I want to encourage you to do that today so that you can listen and learn on the go.
Now if you’re feeling extra generous, I’d really appreciate it if you left a review over on iTunes. Your review helps other people find my podcast.
Just click here to review, select “Ratings and Reviews” and “Write a Review” and let us know which part of this week's episode resonated with you most.
SUBSCRIBE to the YouTube Channel and turn on the bell notification so that you never miss an episode.
Be sure to click LIKE and leave a comment below each video. This helps new viewers find the show.