We’ve gone through 6 different lessons together; we have helped you save money on your auto/home insurance, talked about the importance of understanding your monthly cash flow (getting on a budget), and we expressed the importance that income serves when building wealth (while giving you tangible ways to increase how much you make).
We then talked about developing a road-map on how you should build wealth and reviewed the SIMPLE (see “smart”) options available to invest money. I then asked you to take a step back, think about your family, and shop for life insurance rates, and finally, I shared with you all of the tools that I’ve used over the last 6 years to guide me on my path to financial freedom.
All that you have left to do is implement, execute and follow-through on what you’ve learned.
3 years ago, when I first started coaching individuals and families, there was one thing that I made very clear to all of them, and something I’d like to make clear to you as well:
Nobody wants to struggle with money…in-fact, most people
would like to become rich one day. The only thing that’s
standing in the way of that becoming a reality is YOU!
It may be your mindset and the fact you feel that you’re unable — for whatever reason/excuse you have — to increase your income, reduce your expenses, and therefore become rich. It could be that you have a lack of discipline and are unable to control yourself (and your spending). It might be because you lack the drive to do what’s necessary to win with money.
The path to becoming rich is very simple (as I’ve said multiple times) and comes down to a very easy equation:
Money Coming In – Money Going Out = Disposable Income available to invest each month.
The more money you have to invest every month in real estate, 401(k)s/Roth IRAs, peer-to-peer lending, or building a business, then the more quickly you’ll become rich.
As you move forward in your journey, I wish you all the best! Continue to stay up-to-date with all of the education and tips we have going on at WorkSaveLive.com.
Last but not least, I’d like to encourage you to tell your friends and family about this e-course.
The articles are written by personal finance enthusiasts (not certified professionals) based on their personal experience. What works for them may or may not work for you, and you should always consult a financial advisor before making important financial decisions.
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