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Write down your financial goals and vision. Make it specific and inspirational.
• Create a budget and spending plan that aligns with your goals. Track where your money goes.
• Pay yourself first. Make saving a priority before expenses. Start with 10% of your income.
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916 reads
Identify spending habits that don't serve you and take steps to break them
• Avoid emotional spending and impulse purchases
• Practice saying "no" more often to reduce unnecessary expenses
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819 reads
Invest in your skills, knowledge and health to increase your income over time
• Take courses, learn new skills, and improve yourself constantly
• Practice gratitude daily for what you already have
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744 reads
Make a list of all debts, amounts owed and interest rates
• Pay off high interest debts first using a "debt snowball" or "avalanche" method
• Avoid taking on new debt as you pay off existing debt
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665 reads
Start investing in assets that generate income like mutual funds, real estate and businesses
• Diversify your investments across different asset classes
• Reinvest all returns to compound your wealth over time
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694 reads
• Build a portfolio of low-fee index funds to keep costs low and gains high over time
• Automate your investments through dollar cost averaging
• Ignore short-term market fluctuations and focus on the long term
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655 reads
Find low risk properties that have stable cash flow
• Use other people's money (OPM) through loans and partners to amplify your gains
• Maintain and improve properties to increase their value
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601 reads
• Start a part-time or online business to generate passive income
• Leverage systems, technology and outsourcing to scale your business efficiently
• Reinvest profits back into the business for exponential growth
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599 reads
• Develop a wealth mindset of abundance, activity and generosity
• Make money part of your daily focus and conversations
• Surround yourself with other successful people for support and inspiration
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567 reads
• Write a detailed plan with specific financial goals
• Break large goals into smaller, achievable steps
• Hold yourself accountable and regularly revisit your plan to make adjustments
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534 reads
• Take action! Even small steps forward are progress
• Seek wisdom from mentors to stay motivated and on track
• Celebrate victories large and small along the way
• Stay persistent through inevitable setbacks
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565 reads
IDEAS CURATED BY
CURATOR'S NOTE
A masterpiece by Tony Robbins!
“
Different Perspectives Curated by Others from MONEY Master the Game
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