A proper financial plan considers your personal circumstances, objectives and risk tolerance. It acts as a guide in helping choose the right types of investments to fit your needs, personality, and goals.
Investing early, say 30 years before retirement helps a lot as your corpus grows by great lengths. The time period of 35 to 40 years is good enough to allow your money to grow by at least 4 to 5 times. Want to understand in depth how? Contact us and we will give you the best advice on how to start.
Know your numbers, be real, know your flaws and ask the most important question: How can I make it better? If you can ask yourself this question on a quarterly basis and analyse your situation, better yet, gamify your life - you will always be progressing towards your lifestyle and financial goals.
It’s. That. Simple. If you can make your finances better by 1% consistently over your lifetime, it is amazing what you can accomplish. It’s a very simple concept but a very powerful one when grasped and implemented over time. Time is the variable that we all should imbrace. Far too many people are too impatient which typically leads to going down the path of the quick buck. Quick bucks don’t exist. If luck plays a crucial role in your wealth creation strategy, good luck keeping it.
Some practical tips on where to start: Know your outgoings like the back of your hand and always try to minimise what you can and most importantly - invest your savings. Don’t minimise your cost only to buy that nice watch or handbag. Look at your current situation and see how you can tweak it in your favour. What assets do you need to acquire to have a better trajectory and work towards that.
One of the most relevant #change that the world needs is the leadership model, or better no leadership at all. As the most evolved #biological systems and #holocracy modeling, you need leaders because you have a centralized #control approach, no people empowerment and executors or sheeple on board. The #organization and #rewarding systems are still shaped with the style of the forced Amy in the pre medieval age and still taught at the academic level and applied in the corporate training programs, no leaders want a paradigm change at all, just to create a useless needs of themselves (as higher you climb up the pyramid as worst it is) #maltaway
Experience some of the fun and vibrancy of #HKFinTechWeek in our video below! Thanks to Cyberport 數碼港, Invest Hong Kong, FINNOVASIA, and of course, all of your support!😃 Experience yourself with Kristal.AI HK in this vibrant and energetic Hong Kong fintech scene next year! See you again🔥
When we're stuck, it's hard to accept reality. It's easy to resist and fight reality, because it doesn't fit our expectations.⠀
However, when you're not happy with your financial situation, arguing with reality only leads to more stress/frustration/confusion/anxiety. The problem is that when you argue with reality, you lose 100% of the time. And whatever you resist, persists.⠀
To add onto my post last week on mindfulness, becoming aware of yourself and your situation and is key to money mastery. Once you become aware of your situation, the next step is to ACCEPT your situation. To accept reality as it is, as opposed to how you want it to be.⠀
And I know.. it's much easier said than done..⠀
However, the act of accepting your situation that will help you let go of the negative emotions associated with money.⠀
It is also when you can start looking at your situation objectively and find solutions to deal with it.⠀
(P.S. - don't forget that your financial well-being isn't dictated just by the dollar amount in your bank account. There are people with tens of millions of dollars who still feel negative emotions revolving around money. Mastering the emotional side of money is just as important as reaching your financial goals)⠀
-⠀ #millennialplanning ⠀
I can’t believe I’m admitting to this but... I do EVERYTHING in systems.
In fact -- even in the way I get dressed in the morning 😂😂 I start from my feet and work my way up.
That’s just how my brain works!
My point is this: No matter what I’m doing, I design systems in my head ⇒ which turn into habits ⇒ which make the life I want, not just possible, but sustainable!
So when I had coach after coach ask me to help them go from 5 figures to 6 figures………… I knew I could create a system for that, too! 😉
That’s actually how I got the idea for the Six Figure Coach Club (which is coming your way in December)! I don’t care if your biz is brand new -- if you start at module 1 and end on module 7 -- you will have a six figure business.
No doubt in my mind.
If you‘re feeling excited about this, just drop FREEDOM in the comments and I’ll be in touch in a few weeks with the link to my webinar, THE 6 FIGURE FREEDOM FORMULA.
I’ll share more about this biz-changing, FREE training then 😘
PS: Which mindset do you fall under? Column on the left or column on the right? 👇🏻👇🏻👇🏻
When you invest in entities listed on the stock exchange, you have access to a liquid market for the shares. This means that you may sell your shares at any time to realize your investment, as long as there is a willing buyer for the same shares. If you want to sell your shares you must again use the services of a licensed broker who will place your sell order on the SPX Electronic Trading Platform.
I'm being 100% honest with you. I will never forget it. After living check to check and then spending all my money getting out of debt for 11 months, the game changed when I got that first check after becoming debt free. For the first time in 2 years, my paycheck was just able to sit with me and not leave immediately. For the first time, I could live off 1.5 of my bi-weekly checks and save or enjoy the rest. It was a level of power I had never had before, and quite frankly, it was very empowering.
In less than two years after becoming debt free, I had enough money in my savings to cover my expenses for two years. That means I could have lost my job or quit and played @Xbox for two years, and my bills would have been paid, for a 26-year old that's some serious saving action lol.
I did end up quitting my job, but I didn't just play Xbox of course. I quit after discovering my passion for helping others get their finances together. I figured I had enough money to last two years, so why not take a shot. If it doesn't work, I can come right back to public accounting and never miss a beat. The significant point is I would have never found this passion for helping others if I had never gotten my finances in order. I would have still been chasing the check instead of chasing the dream.
We don't need to make a lot of money or have multiple streams to live a comfortable life. If you can just clear your debt and give yourself a chance to experience that freedom, you can unlock a whole different part of you, and your life that didn't know existed. #paychecks2power