1. Save and invest every month
It doesn't matter how much you save monthly. What's important is that you are putting away something consistently every single month. Even small amounts of money put aside diligently can grow tremendously if invested wisely. $200 invested monthly gaining 10% in interest can grow close to a million dollars over the course of 40 years. If you grasp that principle at 20, you could be worth almost a million dollars by the age 60. $200 a month is very doable, just imagine if you could invest $500-$700 a month. Think about how many millions of dollars you would have using that same example. By Simply cutting out $5 lattes at Starbucks would allow some people the ability to invest that amount of money monthly.
2. Set goals
Having goals is very important. The reason is that without goals you will have no reason to save your money and invest it. You will not care where your money is going and will spend everything you make. With written down goals you will always ask yourself before spending money, "will this choice I am about to make, get me closer to my dreams or further away from them". Goals cause your unconscious mind to go into action and constantly think about how you can achieve your goals faster. It will cause you to be more creative and think more efficiently in all areas of life. Here's an amazing quote I love, "If you do not have clear goals, you are forever condemned to work for those who do" . Set a goal and stick to it!
3. Always be reading a book
It is very important that we are constantly learning and expanding our minds. People too often think that after they are done with college or high school their education stops, but that should be the exact opposite. That is when real life truly begins. By simply reading even a half hour a day you could read a book a month. That's 12 books a year! You could become an expert on just about any subject. If reading is something you don't particularly enjoy you can listen to audio books or download podcasts. There are many other creative ways we can learn, it doesn't matter exactly how we do it, but that we do, DO IT! People who do not read are no better off than a person who is unable to read.
4. Take responsibility
No matter where you come from in life, whether you grew up poor, didn't have a good home life or were taught nothing about finances, you are still responsible for your future. You cant pay someone else to do your push ups. You are 100% responsible for you. Take responsibility and don't blame others for anything.
5. Take Action
Its great to sit and talk about financial freedom and building wealth, but in reality that won't do you any good if you do not take action. You could have the most amazing money making or business idea out there, but without taking action you are no better off than the guy who watches T.V. all day. Take your ideas and go for it. Dont allow fear of failure to control your life. Failing is a part of life, so get used to it. If you had an idea that didn't work out in the past then who cares, move on to the next one. The more times you try something, the greater the chance of success. Find what your good at and stick to it.
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