Absolutely, and it boils down to good discipline, perseverance, self-belief and a positive mindset. If you set financial goals for yourself, believe you can achieve those and take action to realise them, you will certainly achieve your aims. When you think positively and surround yourself with positive, successful people, you will attract positive things into your life. You need to take action to make things happen. You need to constantly work on managing your finances and growing your wealth portfolio.
If something sounds too good to be true, stay away. Equip yourself with financial knowledge and make informed financial decisions.
6 psychological tricks rich people use to make more money
Instead, set it as your goal, save up for it and book it once you can pay for it in cash. You want to return from that trip with lifelong memories, not with a mountain of debt. To start managing their finances effectively from an early age. The way you manage your finances in your twenties directly contributes to how you are going to experience life in your thirties, forties and fifties. Personally, I like investing in properties and businesses. I believe both can give you the type of returns that you will never earn from unit trusts and stocks.
Properties and businesses, if set-up correctly, can provide you with consistent passive income streams; also during retirement, which is a significant add-on to any income from a standard retirement annuity or pension fund-type of savings plan. No matter where you are on your own financial journey, you will obtain guidance to help you build a more secure financial future for yourself and your family. I explain financial concepts by way of linking them to concepts and processes you would follow to achieve physical fitness and health, which makes it unique, more fun to read and easy to understand and apply in your personal situation.
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Want to Have a Good Retirement? 50 Tips for a Healthy, Wealthy and Happy Retirement | NewRetirement
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Investing in education propels social mobility
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How to achieve ‘harmonic wealth’
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