- 5. Improve your credit score.
The way to improve your credit score again starts with awareness. Address those now and you’ll save yourself many thousands in the future.
- 6. Define what true wealth means for you.
As shown in “Make Money, Live Wealthy,” the 75 entrepreneurs that were interviewed most often shared words like freedom, purpose, family, health, experiences and other things that mean much more than just money.
Money is an important tool that makes all of these other things much easier, but it shouldn’t necessarily be the goal in and of itself. Realize this and you will ultimately create your dream life much sooner.
- 7. Automate your money.
For instance, you can set up your finances so that money is taken straight from your paycheck into a retirement investment account, or from your checking account to pay off fixed bills like your internet and cable. The less you can worry about moving your money around and the more you can focus on optimizing it, the better off you’ll be.
The key reason why this works is not only to free up time, but it helps prevent us from wasting money. If we see extra money in our account, we’ll find a way to spend it and then won’t be left with much if any money to invest in ourselves and our future. Automation helps keep our priorities in line and takes the emotions out of it.