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9 Tips to Build your Wealth FAST.
Strategies I learned from my millionaire mentor,
No. 4 is the best lesson I ever learned.
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Strategies I learned from my millionaire mentor,
No. 4 is the best lesson I ever learned.
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1. Pay Yourself First
You might catch the famous Warren Buffet mentioning this phrase during his investment talks.
This means:
- You save/invest
- You pay your bills
- You spend the money that’s leftover
It's that easy.
You might catch the famous Warren Buffet mentioning this phrase during his investment talks.
This means:
- You save/invest
- You pay your bills
- You spend the money that’s leftover
It's that easy.
2. Always Look Ahead [Create Goals]
Ask yourself: What do you want to achieve?
My mentor emphasized the importance of setting and consistently reviewing financial goals.
If you haven't set any goals yet,
Check out the best financial goals for 2021
https://themillennialmoneywoman.com/best-financial-goals/
Ask yourself: What do you want to achieve?
My mentor emphasized the importance of setting and consistently reviewing financial goals.
If you haven't set any goals yet,
Check out the best financial goals for 2021
https://themillennialmoneywoman.com/best-financial-goals/
3. Create your own Mind Tricks [Stop Spending]
Adopt mind tricks to decrease or stop overspending
Some tricks I use:
- Pay myself first
- Eat before grocery shopping
- Use cash and cut up the cards
- Imagine my wealthier future self
- Track (and review) daily spending
Adopt mind tricks to decrease or stop overspending
Some tricks I use:
- Pay myself first
- Eat before grocery shopping
- Use cash and cut up the cards
- Imagine my wealthier future self
- Track (and review) daily spending
4. Live like an Undercover Millionaire
Stuff = Wealth, at least according to our society
But will stuff help support your goal of building wealth?
I think not.
The best advice I learned from my millionaire mentor was this:
- Live like a wealthy person – in secret.
Stuff = Wealth, at least according to our society
But will stuff help support your goal of building wealth?
I think not.
The best advice I learned from my millionaire mentor was this:
- Live like a wealthy person – in secret.
5. Tackle Retirement Now
Start envisioning how you want your future lifestyle to look.
Don't wait for tomorrow.
Ask yourself:
- Where will you live?
- Which car will you drive?
- When will you retire (if ever)?
- How large (or small) will your future family be?
Start envisioning how you want your future lifestyle to look.
Don't wait for tomorrow.
Ask yourself:
- Where will you live?
- Which car will you drive?
- When will you retire (if ever)?
- How large (or small) will your future family be?
6. Become the Household CFO
The more you know about your family finances,
The more likely you will stick to your budgeting plans.
If you don't have a budget - check out my budgeting guide below!
Pro tip: Download my free budgeting templates https://themillennialmoneywoman.com/how-to-create-a-budget/
The more you know about your family finances,
The more likely you will stick to your budgeting plans.
If you don't have a budget - check out my budgeting guide below!
Pro tip: Download my free budgeting templates
https://themillennialmoneywoman.com/how-to-create-a-budget/
7. Slash that Debt
One of the first lessons my mentor taught me:
- Stay out of "bad" debt
"Bad" debt = high-interest rate debt (typically over 5%).
Make it a priority to pay off any bad debt.
One of the first lessons my mentor taught me:
- Stay out of "bad" debt
"Bad" debt = high-interest rate debt (typically over 5%).
Make it a priority to pay off any bad debt.
8. Increase Income
There are 2 ways to increase income:
- Spend less
- Earn more
My favorite way to make more is by investing.
Check out my guide below to optimize your investment strategy https://themillennialmoneywoman.com/best-ways-to-invest
There are 2 ways to increase income:
- Spend less
- Earn more
My favorite way to make more is by investing.
Check out my guide below to optimize your investment strategy
https://themillennialmoneywoman.com/best-ways-to-invest
9. Follow the MMW blog to build your wealth NOW. https://themillennialmoneywoman.com
