At the beginning of the week, we wrote a post about how success should not be defined solely on how much money you have. However, we do realize that discovering financial success is an integral part of living a great life.
To us, being financially successful means that you have the power to spend your money the way you want, your debts aren’t causing you strain or sleepless nights, and you have the know-how to start saving for a happy retirement.
Our motto has always been that even the smallest actions can lead to big changes. We want to give you the knowledge you need to become financially successful.
The best way to achieve financial success involves only 3 tiny steps:
Every day – Read something about money.
Whether you quickly skim over a money-related magazine article or catch up on a financial blog you like (hint, hint), the more you read up on the subject, the more you will know. Eventually, the money strategies you read about will start to sneak into your everyday life. Easy peasy.
Every week – Talk about money.
Aim to have a financially driven conversation with someone once a week. Vary it up, talk to your financial advisor, your investment broker, your mortgage broker, your financially successful friends, etc. You can never soak in too much information about how to achieve financial success. Ask them how they did it. Where do they look for information? Who do they go to for advice? Don’t live in secrecy and silence if you feel stuck. Everyone does at some point and asking for advice can help you through it.
Every month – Save your money.
Make saving automatic and spread it out if you can. A great piece of advice: It’s far easier to find 500 ways to save $1 rather than trying to find a way to save $500. Small increments always add up fast. By the end of each month, you should feel proud that you’ve put away money. Soon, you can start adding more and more as the easier saving becomes.
We want to know…
Have you attained financial success? How did you do it? We’d love to hear your success stories! Remember, the definition of financial success will be different for everyone. Share your victories with us, big or small.