What's my worth?

I was often told that what you do daily will become a habit and habit done long enough will become part of your character which in turn will determine your own destiny.

Everyone at some point to a certain extend desire to be rich. I'm no different, but sometime all talk and no action bring one's to no where. It its thus important to have personal power. Personal power in the definition of great speaker Anthony Robbins is the ability to take action.

For the past 2 days we be covering on having a goal and how to remove our limiting believes. Planning for financial changes is a 1,2 day changes where your company will give us a leap in pay over night.

From ideas taught in Wealth Academy. We got to determine which income class we are currently under. For me, I been hovering around in middle class of earning (spending first with fluctuating surplus at the end of the month) a upgrade from the past where my earning = spending. But frankly speaking, its not every eye pleasing to me. Ideally, spending should be the last thing to do with our pay cheque.

Emphasizing on saving & investing before spending like the rich do, the first level to achieve is to ensure that we have about 3-6mths of our living expense in the bank and have sufficient Health & Life insurance to address events where we are unable to write a cheque to pay off for.
The next step is the position our continue surplus into places that can generate a passive income as it’s known that money saved with the bank always lose to inflation growth in the long term. Targeting to have a passive income to meet your basic life needs and slowly building it up to meet your wants.

A quick set of rules to follow would be.
1. Pay yourself first before anything.
2. Live below your means.
3. Invest surplus ( Year end bonus and such) in +ve cash flow assets ( branded goods are not assets)
4. Use ideas (Intellectual property) & time to generate positive cash flows.

The above mention might sound early and relative logical and simple to follow. But trust me, only trust constant reminder and practice would you get to see your desired results at the end of the day and I won’t hope or try to follow but instead will commit and demand it out of myself!
May all of us stretch ourselves everyday to expand our comfort zone and move towards the future we desire!