Imagine you could finally unlock the secrets to financial freedom. How would that make you feel?
The truth is, the secrets are not that secret. It is simply your willingness to take responsibility and do the work that is needed.
Book a complimentary review today via the below link and select a day & time that is convenient for you and we will spend some time talking about these three tips.
Maybe committing to the work isn’t hard for you, but a lot of people these days want it all to come easy. They don’t want to put in the work. They don’t want to be persistent and consistent in their wealth creation.
The world doesn’t necessarily work like that, and if you’re listening to the so-called experts that tell you it is easy then please take a moment to read this article and see if it changes your mind.
There are 3 core strategies to wealth creation that all the successful people employ which are quite simple:
It is a simple fact that if you want to create wealth then you are going to have to find a way to EARN MORE, and SPEND LESS, and then INVEST the difference to build your wealth.
You can’t grow wealth just by saving. You must invest it into assets that will grow over time.
Here are some things you can do in each of these three areas to improve your chance of creating real wealth for yourself and your loved ones. Find your financial freedom.
1. EARN MORE FOR FINANCIAL FREEDOM
There are many ways you can go about this first strategy.
In your existing role, you can focus on achieving your role targets consistently to strive for a promotion.
Identifying your role’s key statistics and how they affect the overall statistics of the business can assist you to agree an incentive program with your business when you exceed your targets in a way that benefits the business.
Obtaining extra qualifications can not only position you well for a promotion or wage increase but can also make your more attractive to prospective employers.
Setting up a side hustle to have a second stream of income is also a valuable way to add to your household income.
Always be looking at ways that you can increase your income streams.
2. SPEND LESS FOR FINANCIAL FREEDOM
Even before you start earning more, you can improve your situation right now by spending less.
It is important to set an income and expenditure budget for yourself. Allocating money in a way where you have targets that, if achieved, will result in you having a ‘profit’ or ‘surplus’ to then invest is a key to success.
In many circumstances, financial goals can be impeded by excess discretionary spending. These are items that you have a choice about like takeaway food, presents, holidays and entertainment. Once your obligations are paid (such as mortgage or rent, bills and insurances), the remainder of your spending would be classed as discretionary.
If you follow the ethos of CONTRIBUTION (income) minus CONSUMPTION (spending) = WEALTH you will ensure that you always have attention on your wealth outcomes.
It is a great idea to think of yourself as a profit and loss machine – a business if you like. Even as an individual it will give you a more disciplined way about managing the money you earn and spending less of it.
Focus your efforts on controlling your discretionary spending will help you grow your wealth. Even small habits focused on saving for investment can add up over time.
3. INVEST FOR FINANCIAL FREEDOM
As you build a reserve of money from the first two strategies, you can put your money to work for you to generate returns and build long-term wealth.
Whether it is stocks, real estate, bonds, business or other financial instruments, it all contributes to a better financial future.
It is important to focus on long term growth and steer clear of making impulsive decisions based on short term opportunities or market fluctuations.
Don’t gamble with investing. You need to stay disciplined and remove emotion from investing in order to win at the long game.
The team at Finwell Group are experts at helping you put in place the right actions across these three strategies. As a goals-based advice business, we help clients every day to work on plans to earn more, spend less and invest the rest.
We offer a complimentary initial review with a Finwell Group Senior Consultant where you can get help and to know what you must do to get on the right path to achieve your desired outcomes.
Book your complimentary review today via the below link and select a day & time that is convenient for you.
Alternatively, you can call Finwell Group on (03) 9017 3235 or email better@finwellgroup.com.au
You’ve got nothing to lose, and everything to gain for your financial freedom.
This complimentary appointment offer is for a limited time only. Take the first step TODAY towards your ideal financial future.
The information in this article is general in nature and does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions.
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