Here, we will explore nine key principles that can help you on your journey towards financial freedom. From taking radical responsibility to surrounding yourself with the right people, and from understanding your investments to finding a mentor, these tips will guide you on your journey towards financial freedom. So, let’s dive in and discover how you can level up your financial mindset and take charge of your financial destiny!
It’s up to you – no one is going to come and save you. You have to decide that achieving financial freedom is what you truly want and take radical responsibility for your current financial situation. Recognise that you have the power to make choices and take actions that will shape your financial future.
Instead of fixating on finding the next big thing, focus on changing small daily habits when it comes to your thoughts, beliefs, and actions around money. Consistent and disciplined small changes can compound over time and lead to significant improvements in your financial situation.
No one will look after your money better than you. While it’s important to seek advice from professionals, it’s crucial to educate yourself about your investments, understand the risks and rewards, and never fully outsource your financial decision-making. Stay informed and be actively involved in managing your money.
Surround yourself with people who are where you want to be financially. If you are the most financially successful person in your circle, it may be challenging to further grow and learn. Put yourself in rooms where you can learn from others, seek out mentors, and build a network of like-minded individuals who can support and inspire you on your financial journey.
If you are considering investing or doing business in a country where you don’t live and/or speak the language, exercise extra caution. This is more relevant to setting up businesses or investing directly in real estate in those countries (not exchange traded funds or real estate investment trusts listed on stock exchanges.) Different countries may have unique regulations, risks, and challenges. Do thorough research and seek expert advice to mitigate potential risks.
People around you may not understand why you’re spending time learning about finances and investing. They may even be triggered by your pursuit of financial freedom. Do it anyway. There’ll be moments where you wonder if it’ll all be worth it, trust me it will be. Perseverance and consistency are your friend.
Mistakes, setbacks, and failures are inevitable on any financial journey. How you deal with these challenges is what’s going to make or break you and that choice is yours! Embrace them as learning opportunities, adjust your approach, and keep moving forward with perseverance and consistency.
You don’t have to do this alone. Finding a mentor who you vibe with and who embodies the financial success you aspire to achieve can be invaluable. A mentor can provide guidance, advice, and support, and help you navigate the challenges and complexities of building wealth.
The only thing standing between you and creating a six figure net worth, enabling you to travel the world, spend more time doing things you love and create your own schedule, is having a proven strategy of managing money that doesn’t leave you feeling deprived, knowing not only what investment options are available, but WHICH ones would work for you and how to actually invest in them.
