Table of Contents
Decide How Much You Need
What Do You Need To Bring Wealth?
Combine Experiences and Emotions
Transform Your Surroundings
Trust In the Universe
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Chapter 2: Decide How Much You Need
It is important in life for a person to know exactly what it is that they wish to obtain or exactly what goals they would like to accomplish. The same goes for obtaining an abundance of finances. If you wander down the path of success blind and without aim you are sure to get lost. That is why it is important to have specific goals in place that will act as your guide while you take the journey towards success.
Before you make any decisions on exactly how much you need, it is advised that you read the following chapter because it contains valuable information that will greatly help you. Keep in mind, it is important to determine how much you need rather than how much you want.
Determine How Much You Need
When you are making a plan for financial success, it is important that you determine exactly how much finances you need to be pulling in. I do not mean a general ball park figure, I mean an exact number.
You can figure this number out by listing down all of your expenses as well as giving yourself some breathing room for unexpected situations that may occur. You need to picture yourself in the future, what do you see?
In order for you to accomplish what you see in this vision, it is important that you set financial goals because they will serve as your motivators. You may want to start with smaller goals as this will help you build your self-confidence in the long run and this will make the harder goals much easier.
Add Up The Bills:
The first and probably most important step to creating a financial abundance is to figure out what your monthly expenses are. It will be impossible to build wealth if you are spending more money on expenses than you are bringing in. No matter if you are a manager for a business or are self-employed, all expenses need to be accounted for, down to the paper clips and staples. This will help you determine if your current set of circumstances will benefit or hinder your journey to financial abundance.
Are You Earning Enough?
One question that you are going to ask yourself, whether you want to hear the answer or not, is am I making enough money? Although it may be hard, if you are not making enough money, you may have to give some things up in life for a short period of time. Even those who are not in financial strain should look over their daily lives and think of the things that they do not really need. You will be surprised by how much of a difference you can make by choosing to buy a 99 cent coffee in the morning rather than a $5.99 Starbucks coffee. If you analyze your current set of financial circumstances and come to the realization that you are not making enough money, it is definitely time to do something about it!
What Do You Need The Finances for?
Another important question you must ask yourself is, what do I plan on doing with my finances. Having a plan for what you will use your finances for will motivate you as well as set guidelines for what you purchase.
For instance, if you know that you have important business expenses coming up or maybe even a vacation to Hawaii, you will be more likely to be responsible with your spending which will lead to you creating a financial abundance. It is also very important to prioritize. You must take care of life’s essentials before worrying about having extravagant things like jet skis and sports cars.
It is also advised that you create a spreadsheet or some other type of visual reference to track your expenses and earnings. It is easy to forget about something that you cannot see so it is important that you keep this spreadsheet in a location where you will see it multiple times throughout the day.
The process of determining how much cash you need should not be taken lightly or rushed. It is a very serious step in the process of creating a financial abundance. Keep in mind the tips from this chapter and begin practicing these methods and you should start to see improvements in no time.
Chapter 3: What Do You Need To Bring Wealth
You may be asking yourself, what exactly do I need in order to obtain wealth. The answer to this question varies from person to person. The answer will depend first on what you as an individual sees as wealth and then on the individual circumstances of your life. For example, if you were born into a rich family, chances are that you are looking for more money but rather a wealth of happiness or love. On the other hand, if you are like most of us who scrape by check to check, then your idea of more wealth would likely be more money. In the process of deciding what you need in order to gain wealth it is very important to determine what you define wealth as.
What Will You Need?
There are various different things that can help a person obtain a financial abundance. Some of these may have to do with the persons mentality or attitude while others may have to do with surroundings and physical objects. The most important things you will need come from yourself though. This is good news because you will not have to spend money to utilize them. A few examples of the things inside yourself that you need to bring forward are:
Many people will list determination as one of their skills but when it comes down to hard times they usually do not see the problem all the way through. They may find the easy way out or give up completely, either way the task does not get completed correctly. These are not traits of a person who is determined to do something. Someone who is truly determined will fight to get what they desire, no matter how hard it is, no matter how tired they are, and no matter what others say. This is why people with this trait tend to excel from the rest. They do not let challenges stand in the way of their dreams and goals and they couldn’t really care less about what others have to say about their aspirations. If you truly want to build a financial abundance, strengthening your determination is a great place to start
Will power is very important when it comes to any type of financial situation. You must have the power within yourself to avoid life’s daily temptations. This will be easier if you constantly keep in mind the goal you are working towards which would be building a financial abundance.
When it comes down to it, no one is responsible for your life besides you. If you are not happy with the set of circumstance you are currently dealing with, you are the only one who can change it. Do not blame others for not having the fortune that you feel you deserve because this will slow the entire process of building your financial abundance. Those who look at problems and take responsibility for them see the light at the end of the tunnel because they are able to see solutions instead of someone else to blame.
There are many other personal traits that you can strengthen and apply to aid you on your journey to financial wealth but now we will begin to focus on other types of things that will help you build a financial abundance.
Personal accountant can be very useful. Their purpose is to track all of your expenses and earnings. They can also be asked for expert advice about how you can further enlarge your earning potential. Personal accountants can also serve as a safety net when making purchases because you can ask them if the purchase fits your goals for your finances as well as your current financial situation.
Stocks can be a quick and exciting way of making large amounts of cash. However, in order to make money in the stocks you must first spend money. There are dangers that come with the stock market. There is no guarantee that you will make a profit or that you will even make your money back, Don’t be frightened, there are measures you can take to better your chances of being successful in the stock market. The first safety measure would of course be to do extensive research on any product before you invest in it. Do not fall for pitches because they are designed to sell the product to you. Instead do your own research and make your own decisions. Another safety measure that can help you a lot is a stock broker. Stock brokers spend their entire working day trading stocks and offering advice to their clients. When it comes to experience, a stock broker is hard to beat. Also, they will most likely know tips and tricks that the general public is not even aware of.Other Details
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