Improve Your Mindset and Wealth Building Strategies

Have you decided that growing wealth is your goal this year?  You can start achieving this goal by creating a healthy, wealthy, and balanced lifestyle today. With a winning mindset that includes patience, practice, and commitment you can successfully grow and sustain your wealth for a lifetime. Why wait to experience financial freedom when you can have fun living a life filled with love, happiness, and inner peace. You deserve the best. Why not create the wealth that you want, starting right now?

After one of the worst months in stock market history, the stock market has rebounded sharply higher to one of its best starts in a year.  If you are invested now, you are probably feeling wealthier than what you experienced during the sharp downside in December 2018. Did the decline this past month prompt you to decide that you need to make some changes in your investment portfolio? If so, then today is a good time to reevaluate your investment portfolio in case the market begins to fall again so you can have more inner peace with your finances.

Do you have a plan in place that includes an exit strategy or will you continue to ride (what may feel like a roller coaster) the ups and downs of the market for weeks, months, or perhaps even years? It is wiser to place yourself in a position of strength so you will be prepared to act in your best interest when a downturn occurs. You will want to make strategic decisions and not react with your emotions when making financial decisions.  It’s only natural to become anxious when the market declines and excited when the market is rising, and you are making money.  Your goal is to maintain a level of peace and well-being when there is a downturn in the stock market. When you learn how to manage your emotions and adopt a proactive mindset throughout your wealth journey you will be ready for any adversity when challenging times occur. Staying calm with a spirit of balance can help you overcome the ups and downs in a peaceful manner. Do your best to maintain a positive attitude to avoid feelings of anxiousness or overwhelmed so you make intelligent investment decisions.

Having this approach will keep your mind clear so you can make consistent and well thought out decisions. Keeping your emotions out of your financial decisions will serve you well and can be achieved over time. What I’ve done within my own journey is to add simple daily habits that maintain my inner peace. This helps in different areas of my life when I get out of balance. I’ve learned that shifting my mindset to positive thoughts is key to avoiding those anxious moments that tend to creep in when you least expect them to.

There are some additional steps you can take right now that will help you gain the balance and inner peace you are seeking in your life. Step one, choose to schedule time in your day for you by including daily habits that keep your mind and spirit in balance. Mine include journaling, working out, and listening to music in the morning. How do you start your day? Morning rituals can lay down a good foundation to get in the right mindset. You can get off to a good start by writing the three top tasks you want to accomplish for the day. Be careful not to ask too much of yourself right away so you don’t overwhelm and add stress to yourself. Keep things as simple as possible. Ask yourself how you can make things simple and that will allow you to save some time.  You will want to develop the habit of placing yourself in a position of successfully completing what you want to do. Moving closer towards the goals you put into motion will make you happy and excite you to the point of creating habits that will keep the momentum going for life.

When it comes to your wealth journey, you will want to review your finances in a way that will allow you to create a plan that will fit your needs and lifestyle, not someone else’s.  If you follow your plan you will be able to make difficult decisions easier and will be better prepared to handle any changes within the investment climate. You will approach difficult times in a calm strategic manner that will move you even closer to achieving all of your investment goals. This may not be easy at first because challenges will come and go. Learn to create and to stick with a well thought out investment plan. Make sure to include good investment habits and a winning money mindset and you will be well rewarded for all your efforts. You will have developed the muscle that enables you to meet challenges easier and to grow your wealth with less stress. Remember, you have the power to do anything you set your mind to.

The story that we tell ourselves and how we think about money will determine our level of wealth success. Instead of anger or feeling stressed, replace those negative feelings with a positive outlook and a winning attitude.  A positive mindset gives you more confidence and inner peace that will help you in growing your wealth.

Here are some simple positive mindset tips:

• Get in the habit of thinking about what you want instead of what you don’t want.
• Face your fears instead of letting them hold you back.
• Commit to taking simple action steps for changes to begin.
• Be laser focused on creating a plan. The more focused you are, the more likely you are to do and achieve your plan.

Thrive on your journey to accumulate wealth.

A winning mindset is a start that will lead you to make smart decisions that will have huge payoffs as you move through your journey. Take one step forward every day. Be patient with yourself and allow your journey to evolve. When you are relaxed and confident you are in the flow of your success story.  Start by reviewing your current investment strategy and become knowledgeable about your portfolio and then watch how your confidence will begin to increase.  Now is the time to take an interest and to learn as much as you can so you can make clear-minded strategic decisions about what might need to change.

Below are some additional wealth-building strategies that will teach you how to handle the unpredictable stock market environment with confidence. You can never get away from the large up and down swings but you can avoid the unnecessary stress and learn to make smarter less emotion-based decisions when that feeling of being out of balance appears.

Wealth Building Strategies for Investment Success

• Be willing to invest in you for your well-being and inner peace. Work on your own self-growth as part of your everyday life.
• Track your investments to see how they are performing on your phone or the internet. One of my favorite free resources is Yahoo (yahoo.com).  Another resource that is very useful so you can follow your favorite investments to see how much they are rising or falling is the application “Stocks” if you have an iPhone.
• Diversify your investments that include a broad mix of stocks and bonds. As you grow older it’s a good idea to move your assets into less-risky investments. A quick rule of thumb is to have an allocation to bonds that is equal to your age.

• Make your investment decisions with the current trend of the market. Your risk is larger when you go against the trend.

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• Have a flexible portfolio that is liquid. Something you didn’t expect could occur and you may want to make a change in your portfolio.
• Manage Your Risk. Have a plan that includes safety and capital preservation so you can avoid big losses and focus on achieving consistent gains.

Start using just a few of these wealth building strategies and see how your perception of money starts to improve when you feel stressed or overwhelmed.  You can build your wealth.  Decide today that NOW is the time to shift your mindset so you can feel good about money and how it works within your life.  I’m here to help you on your journey to wealth.

The financial changes you choose to make don’t have to be all at once. Break them into smaller tasks over time. Review your money habits and make only a few changes at a time with a spirit of calm and peace. Even small changes can have a positive impact. When you take care of your inner well-being your ability to handle the ups and downs of life and an unpredictable market will become easier. Your journey to more wealth is possible. See yourself choosing wisely, feeling safe, and being in full control of your money right now.

If you like this article you will love my Free  Grow Your Wealth and Well-Being Ebook

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