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His Capital Group

2151 Consulate Dr. Suite 6 ​​​​​​​Orlando, FL 32837

His Capital Group

9AM - 6PM
Mon-Fri

His Capital Group

info@hisrealestatenetwork.com
+1-407-347-6461

  1. Having Money is Better Than Not Having Money

When you have money, you have the freedom to live the life you want and not have to worry when something bad happens and whether or not you can afford a vacation.

  1. Don’t Become “Cash Rich” and “Time Poor”

While we all strive to have enough money so that we can do what we please with our lives, don’t sacrifice your time trying to achieve it. If you spend all day at work and only see your children to tuck them in at night, you may want to re-assess your priorities. In other words, don’t make money your idol. See it as a tool for getting you to where you want to be.

  1. Memories Are Better Than Material Objects

I think this is a learned point. In our teen years, it was all about the object: status symbols. I wanted the name brand clothing and the cool sports car but that shifts as we grow.

 

 

  1. Watch Your “Lifestyle Leverage,” Especially Early in Your Career

This is important. Many people graduate college and stop living the college lifestyle. They buy a new car, new wardrobe, and rent the nicest apartment they can find. They leverage their future. If you are a soon to be graduate, keep living the college lifestyle. It’s OK to live with Mom & Dad for a year or two and drive around the old beater a couple more years. With the money you save, you can get a jump start on your retirement. Remember, the sooner you start, the more time can work its magic.

Advertisers are good at getting us to buy on emotion. They know that our brains have 2 sides, impulse and reason. They develop advertisements so that we make impulse buys. In a few hours when the reasoning side of our brain catches up, we regret the purchase. This is what we all call buyer’s remorse.

To overcome this, stop and question purchases to save money. When you think you want something, wait to buy it. Wait a minute or a week. Many times, you will find you no longer want it or even remember it in the first place.

 

  1. Having Goals is Incredibly Important

Goals are important. But systems are key. Goals keep you motivated and lead to success when we stick to a plan.

Paying off $15,000 worth of debt sounds daunting. After a few months, you might give up. Leave your goal to pay off the debt but set up a smaller goal. Try get your debt under $10,000. You’ll notice the progress more and will stay motivated throughout the entire process.

Once you get your debt to $10,000 have another goal to get it to $5,000. If these increments are still too big for you to stay motivated, then make them even smaller. Find what works for you.

 

  1. You Must Live in The Here and Now

This one is hard but is important. Visualize your future. While this is good, you must remind myself to stop and smell the roses. Life is a beautiful thing. Don’t miss it by living in the past or future.

 

 

  1. It Helps to Be Incredibly Lucky

This is interesting and is true. “Luck is where preparation meets opportunity.” If you prepare yourself for the opportunity, don’t be surprised when it arrives. It’s meant to say that no matter how bad the situation that life throws at you is. Stay positive and push through. Prepare yourself for what’s ahead & take advantage of it when it comes.

Put another way, you might see the declines in housing prices and think, “man, others are so lucky to be buying houses right now. I wish I could, but I’m in debt up to my eyes.” They are lucky but are so because they prepared themselves for the opportunity.

They didn’t know housing prices would tumble. But by staying out of debt, they prepared themselves to take advantage of the situation, whether it be with houses or stocks or something else.

Learn from those who are where you want to be. Seek out those that manage their money wisely and pick their brain. Learn from them and then use those tips and techniques in your life as you grow your wealth.  Call us to learn more about our 40-40-20 plan and passive investment opportunities that may provide you with a hedge against your investment in Wall Street!  407-494-3329 or contact me direct @ s.ally@hiscapitalgroup.com

 

Source:  Washington Post

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