When we have financial health we sleep a little better at night, 1000 thread count sheets and all. What do we need to understand about money to make receiving money a life-long practice? Here are our 5 key tips to think rich and embrace financial health.
Tip 1: It takes time to cultivate money
Invest your time smartly to make money in the long term. Yes, start your pension fund at 18 or 20. If you can start a savings account at a young age and watch the interest grow.
Tip 2: Diversify
There are many ways to make money. One gentleman, an avid music listener collected records and sold them later on eBay. As his reputation grew, his income did too and he was able to turn those learning’s into a solid second source of income. Take a look at your interests and see if there’s a broad appeal for them. Then think about how to monetise your interests. Investing is another option with so many apps on the market making digital currency investments easy.
Tip 3: Monitor your bank account
A considerable amount of account holders have account activity they don’t even recognise. Set up alerts if necessary so you understand where your money is going.
Tip 4: Save an emergency fund
Should something happen where you want the freedom to think about your future or need to take a few months off of work, this is the answer. One trick is to keep your base pay and start an emergency fund with the raises you make, bonuses, or any additional money heading your way.
Tip 5: Think Rich through Meditation
Ask for abundance during your meditation practice. Money is just one of the abundant categories. It never hurts to ask so as to develop a good relationship with money.
Have some hang-ups with money? Trouble thinking you deserve money? Read The Trance of Scarcity, a great book to give you some information to reset your thinking for a life of prosperity.
You may also be interested in 6 types of clutter and why to let go.
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