How to manage one million dollars
If you can't manage $10,000 you can't manage $1,000,000
You don't suddenly learn how to handle money by amassing more of it. That's the reason why a lot of lottery winners lose it all and become bankrupt, and end up in deep loans.
Financial literacy is not a side effect of wealth, it's a cause. Wealth is the side effect of financial literacy. I have written a great article about managing finances.
The answer is simple, manage one million dollars the same way you manage a thousand dollars, ten thousand, or hundred thousand. All the strategies are in your mind. If your mindset is to waste it all, and wants to get rid of money. It doesn't matter how much you get, in the end, your balance will always be zero. If your mindset is set to make money to multiply, you'll make it work. You will be able to multiply any amount!
Your financial result right now, is a consequence of the state of your mind. With the mindset you have right now, you can only reach approximately the same level of wealth as you've now.
What do I mean? I mean it's useless to look for the "new ways to earn money", "where to invest" or "what is trending". Whatever you do or learn, you'll get the same financial result as you have now. Old mindset creates the same old results.
Have you ever noticed that people who are way more wealthy than you are having completely different perceptions, questions / points of view / ideas, just different working brains? I've noticed that, and here's how it works.
Change your mindset
Invest in yourself, in your knowledge, it will always remain with you!
THE MOST IMPORTANT RULES OF INVESTMENTS
1. Never borrow money to invest.
2. The best time to invest is now.
3. Never let your emotions play a role.
4. Stop trying to get rich quick.
5. Keep track of your finances.
6. Do your research before investing.
7. Don't fall in love with the company you invested money with, keep your mind sober to make the decisions based on your #logic, not on the feelings.
I often see young people who start investing into a company and believe that the #stock will grow and start supporting and becoming fans of the stock. Sorry, but you can't control any result and it is not gonna grow just because you like or believe in the company.
Choose smart, play long.
THE KEY TO SUCCESS
If you are serious about becoming rich, you need to get your mind focused on income.
Increase your income enough and you will be able to save something substantial.
However, to become successful (investor, entrepreneur, athlete, artist, DJ, etc) you need to invest, time, energy and money in improving yourself, and your MINDSET.
— Visit seminars.
— Have a coach.
— Read, learn.
— Network: attend events with people you want to meet.
That's why we have only 10 % of successful people in the world. It's a big mind game. ⠀
"TO SEE YOUR OWN BACK YOU NEED TWO MIRRORS!"
Every successful person has a mentor to help them to get to the next step, to overcome fears and blocks.
For example, if you want to lose weight, it's a long path - if you do something wrong you can get injured in a gym, or if you don't eat enough you can lack important vitamins. But with a personal coach in a gym, and with a competent nutritionist you will achieve your result faster and without damaging your health.
The same with money, investments, business, success! Those who invest in themselves will always be faster than those who don't. Only a few percent of people will do it by themselves and they usually struggle a lot or it takes them their whole life. Do you want to retire young and free?
Sure you can achieve your goals without all of that. But imagine how much further and faster you can become big if you have the right coach whose job is to train, to empower, to motivate, to create the best strategies for YOU!
I just spoke to a client who doubled his income within two months of me coaching him. This means investing in yourself to become great at something.
If this sounds like something you'd like to do, sign up for a coach session.
I changed my life completely with a few easy steps that my amazing mentor taught me. Don't waste any more time and start your new life today!
Luxury and wealth are all around you. You just have to take action!
Tell me how much money you want to generate and why. Comment down below or on my social media!