We’ve all done it before. We’ve been sitting in class, at the office or on the bus thinking about what our life would be like if we had money in abundance. The sad reality is that most people only ever dream of achieving high levels of financial success and very few go about actually attaining it. Why is that? Because most people don’t even know where to start nor what it takes to become financially successful. Fortunately, with a bit of motivation and the right game plan, improving your financial situation is entirely possible and here are the 5 core elements that must be in place if you want to see dramatic growth in your own financial life!
Number 1: Ongoing Education
One of the most important aspects of getting ahead financially is to be constantly generating income. Simply put, without income, you have zero ability to save and invest. In fact, I will take it a step further and say that your income is the bloodline of your whole financial state. No matter how much you embrace frugality, how fine-tuned your financial spreadsheets are or how many times you save a dollar price matching your groceries, none of these efforts will matter if your income isn’t on-point.
While I know that there exists a ton of people who have terrible saving habits or who subject themselves to wealth crippling investing fees, however the issue that pervades most people is one of income. I hate to say it but most people lack the ability to make more money. In fact, if it weren’t for standard cost of living raises at their job, they’d still probably be making the same income they were after graduating college. Now, this is not a knock on people, but it’s a reminder that making money requires an awareness of how money is made. Money is made when you provide value and this is why you need to ensure that you are continuously raising your ability to offer value to others. How do you do that? You continuously invest into your education by putting forward not just money but time as well.
These days, I live by the saying “what got you here, won’t get you there” and the simple truth is that the disparity between the income you’re making now and the income you aim to achieve is a disparity of value. I know in my own personal life, I saw noticeable rises in my salary when…