We are living in interesting times, aren’t we?
Inflation has never been this high since the 1980s.
Mortgage rates are going up!
The stock market is all over the place, but mostly down right now. Countries are having financial difficulties.
There is an international conflict going on in many countries with all sorts of problems.
And there are shortages everywhere including housing, food, building materials and even baby formula!
So the world is not stable right now. And something worse could erupt at any time.
It’s times like these that challenge us even more to be entrepreneurial, innovative and decisive.
It is certainly not the time to sit back and expect the Government to take care of us.
It’s time to take action for ourselves.
I am a big believer in having a healthy money mindset.
If you are not thinking about generating more money in your life, then you are just getting by and probably living paycheck to paycheck.
And if you haven’t noticed, that paycheck is not worth as much as it used to because of the high inflation. Gas and food cost more, not to mention just about everything else too!
It’s time to get your money in order and create that ‘money mindset’ now before it’s too late. Or at least refresh the money mindset that you do have.
Years ago, I met Robert Kiyosaki, author of ‘Rich Dad, Poor Dad’, and he changed my attitude on money and financial freedom.
He changed my money mindset forever.
It resulted in me building a substantial real estate portfolio and earning passive income.
“The single, most powerful asset we have is our mind. If it is trained well, it can create enormous wealth.” – Robert Kiyosaki, Businessman and Author
So here are some ideas for you to consider in generating your money mindset.
- First of all, decide on your priorities based on your current financial situation. Sit down and review how you are generating income and spending it. Are you living within your budget? Do you even have a budget?
- What are your financial goals? Do you want to or need to generate more money? If you do, how much per month do you want to generate and why?
- Do you want to build assets that generate income?
- Do you want a side hustle or plan B to generate additional income?
What are you going to do with the additional income – invest, save, reduce debt, pay for children’s university education, etc?
Remember there is good debt and bad debt, so make sure you reduce the bad debt, first (credit card debt, for example).
And when you invest, understand the risk and the possible return on your investment.
These are simple questions but you need to consider them.
Creating additional income should be on your mind all the time.
So let’s get focused on our money mindset and get to work now.
I would love to talk to you about creating your money mindset and working towards your financial freedom.