You have read in previous editions how wealth is 80% psychology and 20% mechanics. Here are 7 wealth strategies I would like to share.
Pay Yourself First – the oldest and most proven point to wealth creation (that would include investing)- Discipline – Not wanting it all at once, saving, planning
- Life Style vs. Wealth Creation – Living a little less expensive lifestyle in order to accumulate wealth
- Focus & Freedom – Making powerful habits when it comes to money, focusing on the importance of wealth
- Financial Competence – Have some financial knowledge when it comes to money, business and investing skills
- Leverage – Use other people money, time and networks
- Risk – you must have the nerve to risk on occasion and lose on occasion
Action Step for You: See how you are doing in these areas, pick out one or two and set a plan to become better in the area.
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