What's the start of your wealth building journey?

Where does it all begin?

By taking stock. By acknowledging where you are.

It's OK if you don't like your current situation, e.g. too much debt, not enough income, etc.

If you're happy where you are and want to level up, then that's good as well.

But you need to evaluate and then plan your next steps.

Once you've determined where you, then you can come up with a plan.

The focus of your plan should be a key milestone on one aspect your financial journey. just ONE.
- "increase income by 3k/month"
- "reduce debt to 0"
- "build $10k savings"

The reason is simple: FOCUS

If you know where you are and where you want to go, then FOCUS on the one task that you need to fulfill.

Then go ahead and execute on it.

Just like a salesperson with one KPI, that is your one metric to track. How are you progressing on that?

After you've crushed your one one goal, then you can select another financial goal to crush.

But stay focused. Build your rich future step by methodical step.

A one year plan could be like:
1. (3 mos) pay off all debt. Fund it by selling some assets (e.g. expensive car), getting a raise, doing some freelance work
2. (6 mos) Build $10k of savings. Direct your new excess cash flow to savings
3. (3 mos) Invest $10k in the stock market.

In one year, you've transformed your financial future, but by doing it in a piecemeal way, you stay focused on one task.
Advantages:
- You always see progress
- You don't get overwhelmed with various goals
- You can make huge strides

I have used this idea in my own life, and achieved some stellar results, including tripling my income in 3 months.

This inspired by "The One Thing" book (not affiliate link) https://amzn.to/2YZiWUa  and the management philosophy of focusing on one thing that's most important