The first 5 steps towards having a better understanding of money are as follows:
Step 1 – Finding your motivation
My reason for being financially independent is so that I can make the decisions in my life and look after my children. Everyone is very different and you need to find your own reason for wanting to understand money.
Step 2 – Finding the time
When you find your own reason about why you want to be financially independent, then that reason will motivate you to find the time to keep learning about money and not give up.
Step 3 - Setting Goals
Make the goals specific and give them a deadline that is relevant to you. Think about what you want or where you want to be in the future. The goal has to make you feel good when you achieve it.
Step 4—Love what you do
In order for you to earn money you need to love what you do. This may be a job or your own business. You have to find what is right for you.
Step 5—Mind set
This might sound strange but changing your mind set is an essential part of your financial education. You need to change the way you think about money. If you do not have the right mind set, you will not be able to learn about finances and have money in your life. One of the reasons that many people who win lottery lose all their money within a few years is because they do not have the right financial mind set.
You have to believe that you deserve to be financially independent and that you deserve to have money in your lifestyle.
Next week I will continue with the discussion on money.
Have a great day and remember to always believe in yourself.
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