Do you ever feel like a hamster on a wheel, working tirelessly to make ends meet with no real results? Like most people, you yearn to build wealth and live a financially abundant life without having to worry about money. Yet, the road to wealth seems rough, peppered with bumps, cracks, and obstacles along the way, leading us to believe that building wealth is nothing but a mere fantasy.
Despite all this, the stats say otherwise. A 2019 Wealth-X study found that around 68% of those with a net worth of $30 million or more accumulated wealth from scratch. Additionally, another study conducted by Fidelity Investments revealed that 88% of millionaires are self-made, meaning they did not inherit their wealth. Now, what does this tell us? Well, that building wealth from nothing isn’t such a far-fetched idea after all!
So, what if I told you that you can attract money into your life starting now? This may sound naive, but most people have trouble manifesting money as they believe that wealth is what you have in the bank, when, in fact, wealth is a state of mind. And, only when you learn how to have a wealthy state of mind will you be in a position to attract more money.
So, instead of wishing you were born a trust fund baby (it does get like that…), I’ll share some wealth-building practices to help you reach financial freedom sooner than you think!
1. Work On Your Money Mindset
Changing our mindset is always the first step toward seeing results in our life. Whether it’s through expanding our financial literacy, implementing good habits, or resetting our money mindset, we must invest in ourselves first and foremost.
It’s crucial to never stop learning, so make books, podcasts, and financial education blogs a regular part of your routine. Other good habits to help reset your mindset and attract wealth include spending money intentionally and practicing self-discipline.
And remember, the way people dealt with money during your upbringing has a significant influence on how you deal with money today. By understanding the financial fears and programmed patterns that you’ve internalized over time, you can overcome them to create a new and improved money mindset. It’s about time we kicked those “money doesn’t grow on trees” thoughts to the curb!
2. Practice An Attitude of Gratitude
Never underestimate the power of gratitude, as feeling grateful for what you already have can be the necessary catalyst for change. In fact, far too many people tend to fall into the trap of ruminating over what they lack. This negative thinking triggers a downward spiral, making us less receptive to positive change. Rather, focus on being in the space of gratitude and appreciating what you have.
Instead of spiraling into a panic when you check your bank account, be thankful that you even have one, to begin with! Also, you might even find it helpful to keep a gratitude journal. I personally kept one when I first started my wealth-creation journey. All you have to do is write down a few things that you are grateful for and feel true appreciation to have them in your life.
3. Get Rid of Self-limiting Beliefs
We all have those self-limiting beliefs that tell us we’re not capable of achieving financial freedom. So, don’t be afraid to flip the script on this thought process! The power is in your hands, so if you feel a negative idea coming into your head, simply flip it around with the opposite fact.
For instance, instead of thinking that you’re never going to be wealthy, ask yourself, “why not me?” After all, we all know too well that thoughts become reality. By combating limiting beliefs about money with positive thoughts, you can develop a mindset that enables you to leverage the Law of Attraction and attract money to you effortlessly.
Again, our feelings about money are largely influenced by how people around us previously dealt with it. When you filter out those self-limiting thoughts and think more positively about your financial situation, you will start taking more positive actions, changing your life for the better.
4. Be Giving
Donating money may not seem like it’ll help you attract money, but, in a karmic twist, giving back is one of the easiest ways to get back!
So, by donating money to a cause you care about, or by offering to pay for a struggling family’s groceries while waiting in line, you’re on the right track to attracting money.
Essentially, when you give from a place of compassion to others, you attract the same energy towards yourself, which is the precursor to wealth. It’s not rocket science – you feel good, you think good and you radiate positivity to attract positive things!
5. Being Proactive to Maximize Your Wealth Potential
Exploring lucrative options and investing your money in the right place can help you build long-term wealth. By educating yourself, doing the research, and proactively seeking opportunities on this journey, you’re bound to find options to help you build wealth.
In fact, SmartCrowd is a great place to start, as the platform enables you to access real estate just like the world’s 1% do. By owning shares in prime Dubai real estate, you can generate maximum returns, as well as diversify your investment portfolio with ease.
The number one thing holding many people back from building wealth is their mindset concerning money. That’s why building a mindset conducive to wealth is essentially the first step to attaining it. So, whether you aspire to become a millionaire or not, you can benefit from resetting your money mindset, practicing gratitude, eliminating self-limiting beliefs, giving back, and being proactive.
Remember, there is no one-size-fits-all for building wealth. So, no matter what road you end up taking, and what obstacles you may encounter, ultimately what makes a difference is having a positive money mindset.
Now, I am by no means a millionaire, but I have had my fair share of results from following the above tips. So, let us know if you choose to adopt any of these 5 tips on your wealth-building journey! 😉
Disclaimer: This blog is intended solely for educational purposes and shouldn’t be treated as financial advice. We suggest you always conduct thorough research, perform your own due diligence and consult with financial advisors to assess any real estate property against your own financial goals.