Financial proactivity

MorningCoach_KZ 2012 M08 1
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Good morning, This is Nurlan, a morningcoach.com member Writing this blog from Astana!   Today the topic is about Financial proactivity. Enjoy reading! Be proactive with your finances. Here at...

Good morning,

This is Nurlan, a morningcoach.com member

Writing this blog from Astana!

 

Today the topic is about Financial proactivity.

Enjoy reading!

Be proactive with your finances. Here at MorningCoach.com, one of the most important things you can do is to be proactive with your finances. What that means is that you are not reacting to downturns in your life, but you are ready for them and able to take on financial challenges when they come. Today is about being like a Boy Scout—always prepared for the next financial challenge and understanding that they will come, that life is a roller coaster and that there will be ups and downs in your financial life. Money circulates, it comes, and it goes. Allow it to flow in and out of your life, but be ready for those outflows.

 

Stay on top of your finances. That means keeping your bank accounts organized, understanding your taxes and understanding where your money is coming from. It also means that you know how you're going to make more money, you know how you're going to generate revenue from different sources, and you continue to build your skill sets. At the end of the day, the key is to keep growing, keep acquiring talents and keep adding value to the universe.

 

By staying on top of your finances, you are showing the universe that you believe and deserve more wealth in your life. Take time this weekend to organize your finances and understand your inflows and your outflows.

 

Understand your spending habits. The other important aspect of being financially proactive is to understand your personal spending habits. Know if you're a saver or a spender. If you are an impulse buyer, and really take control of your spending habits. This command, this ability to be proactive, will help you mentally prepare for those moments when you need to buy something or make an investment. It will really help you grow as an individual, it will help you understand things on a deeper level, and it will help you be more aware of what's going on with your finances.

 

Invest and understand wealth building. As you take control of your finances and you become more financially proactive, you need to understand wealth building. It does not matter if you're not investing at this current moment. You need to start getting your mind in the wealth-building mentality. This is done by taking on an investment mentality instead of a spending mentality.

 

Take some time today or this weekend to learn a little bit about investing. If you had $1 million today, where would the money be going? What would you do with the money, and how would you use that money to make more? Just taking on this mentality will shift your focus to investment, and you will start to see some areas where you could be building wealth.

 

Be a contrarian. I'm a huge believer in the fact that you need to be doing the opposite of what everybody else is doing. Don't fall into the trap of following others in order make money. To be financially proactive means that you have to be willing to take the lead and take some risks. That is what's going to create true wealth and allow you to move forward.

 

Have the right support around you. It is also important that you have the right people around you. Even I have had some issues with some of my accountants. I have since found an amazing person who is helping my companies out, but it is critical that you find the right people to help you with issues that you don't want to be the expert on.

 

Taxes are a good example. I don't want to be an expert on the U.S. tax system for all my businesses. That is why I need an amazing accountant to help me keep that organized. Another example is investments. I want somebody who can help me keep that on track while I go out to the beach and play. Make sure that as you grow, you get the right people around you. Use your ego a little bit to make sure you're getting the right people, and use that left brain. Make sure the other person has your best interests in mind.

 

Build business. I think you need to build business as part of your financial proactivity plan. Focus on things that you love, focus on things that you're passionate about, and really get out there and start building. You have to believe that you can build business and that people will show up in your life who can help you.

 

Bills are blessings. Changing your mentality about bills will also help you keep financially proactive. Randy Gage says that when he changed his mindset about bills as blessings, his whole mentality shifted. Make sure you understand that bills aren’t negative things. They are blessings, because you received a service from that company.

 

Avoid the debt trap. Make sure you avoid the trap of paying for things that you don't have the money to buy. It is important that you use debt wisely, to build and grow business and investments, not to try to acquire material things that you think are going to make you happy.

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Motivation? or?
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Hi
the topic is motivational in its core
but it focuses on financial actions which we all lack
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