Money isn’t everything but it is in the top 5! If I have a problem I can solve just by writing a check, I’ll do it!
Understand The Rules of Gaining Wealth
Max Your Matching 401k Contribution
Many companies will match the amount of money you commit to your 401k from each paycheck. This is a 100% return on your investment up to this percentage amount. It’s a no-brainer. Whatever that percentage is, max that out!
Pay Yourself a Wealth Tax
Put a percentage of money you make away each month. You may call this savings, but this is what I do. I put away money I know I’m not going to touch for a long time.
Adopt a Millionaire Mindset
Have a mindset where you believe you can make money fairly easily. This millionaire mindset is that you are constantly amassing wealth, achieving financial independence, passive income.
Embrace an Entrepreneurial Mindset
This is an opportunistic mindset where you are looking for big wins. You have a problem and you wonder if you can turn it into a business, leverage relationships, etc. It’s never quite excepting that this is enough.
Adopt a Growth Mindset
I do not want to stay still. I wanted to go further than anyone in my family had. I listen to and read books as often as I can. I better myself and my abilities and knowledge on how to partner, market, mindset, visualization, goal setting and achieving.
Understand the Value of Time
I cut my grass one time and soon realized that my time was way more valuable. I gave my lawnmower away and paid someone else to cut my yard.
In another example, I was working multiple jobs and came across a great opportunity that paid commissions but would be about 50 hours a week worth of work. In order to do it, I hired one person to do ALL the telemarketing, another to handle all the paperwork, and even hired a driver so I could work on the proposal in the car on the way to some of these places which were three hours away. Then after I made the sale and took lunch, I could make phone calls on behalf of the other businesses I had.
That’s how you utilize time.
Understand the Value of Networking
I’m always meeting people and seeing where they fit on my playing field. Is it someone I can partner with or can provide expertise, additional connects, etc.?
