14 Simple Tips to Build Your Confidence With Money and Grow Your Wealth

If you want to grow your wealth you will need to use simple wise financial planning strategies to increase your confidence in order not to run out of money. When you make drastic changes they can be overwhelming. It’s not necessary to make them all at once to create a lifestyle that is happy and fulfilling to you. Money doesn’t have to be the focus of your life.  For you to grow your wealth you will need simple wise financial planning strategies that will increase your confidence in knowing you will not run out of money.   Developing good routines with your money now will help you as you get older,especially when it comes to investing. Start simple. As your skills improve your comfort level will evolve. By creating a winning money formula that is fun, uncomplicated, and doable you will stay focused and be able to stay with your plan over the long term. Employ a few of these tips now, and see how they will help your confidence with money. Your journey to wealth is within reach.

14 Simple Tips to Build Your Confidence With Money and Grow Your Wealth

• Talk about money, don’t hide from the conversation. If you are thinking about money and feeling a bit unsure, seek some help.  If you don’t ask, or seek guidance don’t expect change to happen. Start today to take advantage of the opportunities that arise. There are many investment advisors, financial planners and wealth coaches, who can support you. Get your free 30-minute coaching session with me to discuss how you can create more clarity and more comfort about wealth.

• Create good financial habits you can follow, to suit your needs, not somebody else’s. The routines or habits you establish early in life can have a positive impact on your finances.

• Create a spending plan within your means. Track your spending for a couple of months to see where you are actually spending your money. Everything adds up so fast. See if you can you make some small changes so you will have more money for something else. If you could cut back just $25 per week you will have an extra $1,300 per year you can put toward your savings to pay off debt or put in your investment account.

• Have an emergency fund of at least six months of what your present expenses are. Jump start your wealth and well-being. Get your free report here.

• Be ready with a plan for extra expenses that might arise during the month. Health care costs continue to increase and deductibles for the doctor or hospital visits will add up over the course of a year.

• Review every few years your bills you pay regularly. For example Cable Vision, Direct TV, or your phone company. See if your company has a cheaper monthly package where you would still get what you really want.

• Review your interest rate on your credit card you pay. Call the company, ask for a supervisor. Ask them if they can lower your interest rate cost. Don’t be the one who shops for a sale price. However then doesn’t pay off the bill in full, and then you wind up paying double-digit interest.

• Avoid using high credit-card debt. Follow a simple plan to put aside money in your bank account toward debt, rent, utilities, and other essentials.

• If you are paying a mortgage think about accelerating your payments by paying one extra payment each month. This will save you money and cut the number of years of your mortgage.

• Pay yourself first. Do your best to make saving some of what you earn a monthly priority.

• Take advantage if your employers allow you to contribute into a retirement savings plan. Start with a few percent of your income to create the habit, and then increase your contribution to 10% if you can.

• If you are not working and need to take money out to live on, see if you can limit yourself to withdrawing 4 percent or less in order to preserve your capital for later years in life.

• Diversify your investments. Have a variety of investments including a broad mix of stocks and bonds for diversification. Review what your asset allocation is, and where your investments are monthly. Know how much your money is in equities, bonds, and cash. 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 equal to your age.

• To achieve wealth in investing, the number one rule is to avoid taking large losses on your investments. Sit back and enjoy in the comfort of your home my training and discover how you can stop struggling building wealth.

Begin creating a simple wealth plan you can follow today. Your plan doesn’t have to be hard or disruptive to your everyday life. Decide to take responsibility for your money. Start to save and invest as early as you can, but remember it’s not too late to start. By investing your money for many years you will use the time to your advantage. Money makes money. To learn more about developing good habits read my article to improve your well-being and create the lifestyle you desire.  Experiment, be open-minded and continue to learn along the way. You can change where you are now and fulfill your hopes, dreams, and goals. With smart money management, desire, mixed with some new discipline, your confidence with money will grow.

If you like this article then you will love my Top 10 Investing Tips to Grow Your Wealth 

To your health, wealth, and happiness,

Bonnie

The Inspired Wealth& Well-Being Coach

Bonnie S. Gortler

Bonnie Gortler, a Consultant, Coach, and Author, is a Wealth & Well-Being expert with over 35 years of experience in managing multi-million-dollar client portfolios at a top-rated investment firm. As the author of Journey to Wealth, Bonnie is dedicated to teaching the importance of risk management and achieving true financial well-being by integrating both the technical and mental aspects of investing. With an M.B.A. and certification as a life coach, Bonnie combines her passion for coaching, consulting, and blogging to inspire people globally. Her powerful techniques and winning mindset help others experience personal growth and financial success. Explore wealth-building tips, personal development strategies, and more at BonnieGortler.com, and discover how you can enhance your wealth and well-being.  


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