Happy New Year! As expected during this time of year, most people have new year’s resolutions. The most common goals include losing weight and organizing personal finances, which happen to be two of my favorite topics, but we’ll stick to talking about finances for this blog.
Here are 10 simple moves that will push you closer to your goal of financial freedom:
- Illustrate what a better financial picture would look like for you in 2020, if all goes well.
- Commit to doing whatever it takes to bring that picture to life, and never fall into the trap of excuse-making.
- Know where your money is going. If not, you can spend unnecessarily and end up being wasteful.
- In the same way, know how much you are bringing in from all your sources of income every month.
- Spend less than you are earning. If you spend more than you make then Houston, we have a problem. This can be corrected by bringing in more money, cutting back on expenses, or doing both.
- If you are spending less than you make, invest the difference.
- Explore ways of bringing in extra income. Having side gigs is a great way to do this.
- Learn the basics of personal finance. Even if you have someone managing your personal finances, understanding how money works will allow you to take full responsibility of your finances and avoid being taken advantage of by whomever manages it.
- Have a written financial blueprint. Studies have shown that individuals with written goals are 700% more likely to have success than those who don’t.
- Work with a financial coach to avoid the pitfalls of DIY and get to financial independence faster.
In conclusion, if you want to build legacy wealthy, you have to start by making a decision, committing to it, spending less than you make, investing the rest, and being an advocate for yourself.
If you are interested in more financial tips, click the following link to download a free ebook with 30 amazing financial tips: https://mdworklife.lpages.co/30-tips-to-living-debt-free-and-wealthy/
Also, I have opened up 10 Money Breakthrough coaching consultations for this month. If interested, be sure to click this link to book a money breakthrough consultation. I hope to talk to you soon!