Tag Archives: saving

3 Ways to Build Wealth Through Your Mindset

Whether you want to believe it or not, your MINDSET is your strongest asset in helping you manifest your desires and reach all your lifetime goals. For many people, building wealth is on the top of the list but many people do not know where to start. Time and time again, as I just pointed out from the very beginning–it all begins with your mindset. It is your choice in how you develop your thoughts, so why not think with intention and develop a stronger mindset? The good thing is, it is never too late to develop a positive mindset in regards to how you view money and navigate your financial future.

Believe in Your Money Making Potential – For me personally, making money has always come very easily. Mind you, I have always worked very hard to ensure that I make enough money to be financially independent while also saving for my future. My earning potential has always been abundant not solely due to my deep desire to build wealth but also because I strongly believe that I have the capacity to generate a ton of money. This belief propels me to take the action that is needed to manifest and make it happen. I don’t sit around and wait for the money to fall from the sky because I recognize that the process does not work that way. Maybe for some people, they are not in a position where they need to work or they have someone who can totally provide for them. While this might appear nice on the surface, it goes against my core belief that I am a money making machine. Hence I have never been one to rely on others for money and have always found ways to make a good living where I have enough money for daily expenses and where I can still put money aside for the future. This goes to show that anyone can do it given they have the right mindset.

Understand that Building Wealth Is a Gradual Process – Everyone is looking for a get rich quick money strategy or wants to be rich right now but realistically, most people who have accumulated a substantial amount of wealth will tell you that it was not an overnight process. It is more about how consistent you are with your money habits and setting long term goals which will ultimately lead to a good amount of money. Besides saving money, it is important to invest your money so that it continues to grow and accumulate over time. It is okay if you are starting small or with essentially nothing, as long as you stay on a good path to wealth with the mindset that you are going to continue to keep building wealth throughout your lifetime by your everyday money habits.

Be Willing to Make Sacrifices for the Greater Good of Your Financial Future – I recognize that saving and investing money might not be as exciting as spending it right now but it is ESSENTIAL to get into the habit of holding onto more money than you are taking home. This is a necessity not only for building long term wealth but this habit will allow for you to become financially stable and prevent you from taking on any unnecessary debts. There will always be temptations in your life from having the fanciest car to having designer clothes to wanting to eat at the nicest restaurants or whatever you want to spend your hard earned money on to provide you instant gratification but you need to shift your mindset to believe that you don’t need these things and prioritize your future above anything else while just focusing on your basic necessities as much as you can. That is not to say that you are not allowed to treat yourself from time to time but rather to not let instant gratification be the driving force of your spending decisions. It is better to make financial sacrifices now for the greater good of your abundant future that lies ahead.