When Your Focus Is On Saving Money, You’re Losing Money
When Your Focus Is On Saving Money, You’re Losing Money – Latest News Today
It’s true; when your focus is on saving money, you’re losing money. We see it all the time, those with a savings oriented mindset and lifestyle rarely ever find themselves with any real long term wealth, while those with an earnings oriented mindset and lifestyle make up the vast majority of those we would deem wealthy, cash flow kings, aka those with true financial freedom.
In this new series, How To Build Wealth: A Guide To Wealth Creation and True Financial Freedom, we’re going show you how to get rich through real financial independence by taking a look at the things that wealthy people have done in order to get where they are. What steps did they take in building wealth? What can we learn from their wealth creation?
These videos are all about delivering you ultra-useful, value-rich content, which is why each video will close with these 3 things:
#1 – A resource to help you dive deeper into the video’s topic.
► Today’s Resource is the Cash Flow Cruncher personal finance budgeting and investment worksheet, a FREE resource available at http://www.CashFlowCruncher.com
#2 – A question to get your mind working on and wrestling with the subject.
► Today’s Question: What is your mindset when it comes to your finances? Do you have an Earnings Mindset or a Savings Mindset? Where did your view and mindset on money come from?
#3 – An action step so you can start making real, positive change today!
► Today’s Action Step is this:
a) Take 5 minutes to do an audit on where most of your time and attention goes when it comes to your finances.
b) Make a list of the things that come to mind and then mark each item with the specific mindset it’s coming from. Use an “S” for those Saving-minded items and a dollar sign ($) for those Earning-minded items.
c) How’d you fare? Are you spending most of your time thinking about and acting upon saving nickels and dimes?
d) Now that you have a clearer understanding of how you’ve been approaching your finances, the true action step begins – make the switch to more Earning-Minded thoughts, strategies, and actions. After all, it’s how the wealthy do it.
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Think & Be Wealthy: A Guide To Breaking Out of the Middle Class
Episode 1: When Your Focus Is On Saving Money, You’re Losing Money
So what will you get from this series?
Since emulation is the fastest and simplest way of achieving something, we are going to look at the proven paths, the ones shown to be tried and true, so we can get to our intended destination much faster and with less unnecessary pitfalls and time wasted.
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