wealth | Chindeepinlife

HAPPY NEW YEAR!

If you are reading this, you made it through the hand that 2020 dealt us. I am so happy we made it. Happy to be back to blogging after being on a break! Seems like forever. Here are some lessons I learned from last year; have more than one source of income, learn how to properly invest and plan for retirement, and the importance of stop trading my time for money. Towards the end of the year, I began taking concrete steps to become financially independent. I have started my FIRE (Financial Independence Retire Early) movement, as I have some catching up to do.

Perhaps you are already years ahead in the FIRE movement. Keep at it. Maybe you are already retired. Enjoy these precious years, they go by quickly. However, if you are like me, and have no idea where to start, you are in the right place. It all starts with a belief, that you deserve every good thing that could possibly come your way. You must affirm it. Whether you realize it or not, every word you think or speak is an affirmation. Affirmations are declarations, observations if you will, about you and the world around you. The concept seems simple enough until you realize that what you affirm, positive or negative, is what you internalize and make a part of your reality. Suddenly that statement you made last week to friends about how you will never be able to get ahead isn’t so innocuous, right?!

You can change the way money shows up in your life though, simply by using daily positive affirmations. Eventually, these positive thoughts and words will replace the negative self-talk you’ve had for so long. And when that happens, you’ll begin to enjoy wealth in a way you never thought possible. Affirmations work because they replace the ideas and beliefs that you’ve held for years by replacing them with new statements, that define you in every aspect of your life. That is why it’s so important to use positive affirmations in your life, at every opportunity. That’s especially true for the behavior you want to change, or in how you wish to feel about yourself.

When developing a wealth mindset, affirmations become vitally important. Whatever you affirm, becomes your truth regarding money. Negative thoughts and negative talk about your money make for an impoverished you. What are some positive affirmations regarding a wealth mindset that you can use instead? Try saying these things:

I practice good habits that will lead me to success.
My intellect is sufficient to lead me to untold wealth.
I have what I need to live the life that I want.
I am a tribe-gatherer who brings together people and resources that will enable me to reach my goals.
My actions are positive and designed to increase my wealth daily.
I see opportunities where others do not.
I deserve the wealth I desire.
I am comfortable asking for help from mentors for what I need.
I already have everything I need to become wealthy.
I find connections and know-how to leverage my resources.

By repeating these phrases every morning when you get up and again in the evening when you go to bed, you create a habit of thinking positively about money. These affirmations become powerful in rewiring your feelings about wealth and money, and will then subconsciously begin to guide you in ways to make these words a reality. Affirmations have a way of making what you say come true. So be careful of your words. Guard your thoughts. Stay positive and make bold statements about yourself and what you’re out to accomplish. Only then will you seize wealth and leave poverty behind.

Where and how do you start taking control of your financial future? There is a plethora of information to go around. Choose FI (financial independence), offers one of the best courses I have seen on the topic, which I strongly recommend. It will change your life! I am not affiliated with the company in any way, but I am part of the worldwide FIRE movement. believe when we commit to helping others grow, it adds to our wealth. It goes without saying, please do not ever compare your journey with anyone else. The important thing is to start where you are!

Millions have taken the course and started on their own path to wealth. The course is completely free to anyone, regardless of where you live.I hope you found this post helpful, if so, feel free to share on social media or leave a comment below with suggestions. Start your journey to financial independence

To Your Success,

Juan

Where is Your Money Going?
At the end of each month, do you find yourself wondering where all your hard-earned money went? Discovering your financial drains will enable your money to work for you. Funding savings, debt repayment, or other things that are important to you instead of just disappearing into nothingness. A little detective work might be necessary, to figure out where your money is going. The best way to get a handle on your finances is to get everything accounted for, then tackle your financial goals.
How can we identify our money drains and improve our financial outlook? Consider the following tips:

Calculate all income. The first thing to do is calculate all sources of income for your household. Put together a chart listing income sources and amounts for the past 30 days. This will give you an idea of how much money is coming into the household, which is the first step to determining, how much is going out.
List your expenses. List all of your regular monthly expenses such as rent or house payments, car payments, credit card and loan payments, gas, food, utilities, cable, internet and others. Try to list exact numbers, or estimate if your expenses vary. This will give you a good idea of what your basic expenses are.
Track every penny. Spend an entire month tracking every cent that you spend. Write down your beginning balance, and every dollar in and every dollar out. This is the key to determining where you’re losing money.
Interpret the results. Compare how much money you’re bringing in, to how much you’re spending every month on bills, and other expenses. Are you spending beyond your means? Are you allocating money for savings, investments, and retirement?

If you have money drains, determine what they are. Are you spending $4.00 on an iced latte Monday through Friday? Is your dining out expenses much higher than you expected? Are you eating from vending machines or expensive fast-food joints at lunch, rather than brown-bagging it?
5. Put this information to good use. Armed with your written guide (below) to your income and expenses, you can control your finances more effectively. Once you have this information laid out in front of you, it will allow you to fine-tune your finances little by little, until you’re putting more money into savings and less into “money drains” from month to month.

Determine ways to reduce these money drains. Can you brew coffee at home to save money every week? Can you cook at home to save money on eating out? A few dollars saved every month in different areas of your budget can definitely add up to your benefit.

Once you determine how much money you have coming in and going out, start directing your money toward what’s really important. Trim down your expenses or find ways to increase your income. Do not spend beyond your means. Your financial future will shine much brighter when you prepare for the future you desire. Use this free Budgeting-A-New-You-Workbook to help you get started!

Next week, look out for simple ways to take back more of your time.

Until the next post,

Best,

Juan