I went through various “best wealth practices” from a variety of sources and thought I would provide a list for you to evaluate – perhaps there is a practice here that will resonate most with you.
- To become more valued, you need to become more valuable
- You don’t earn what you want, you earn what you deserve
- Get off the transaction treadmill and focus on building your business
- Put everything in writing
- Stop focusing on the commission, focus on the relationship
- Take advantage of time, not timing
- Eat out less
- Play less golf
- Invest more in yourself
- Work your ass off
- Leverage all self-improvement channels
- Patience!
- Get to work an hour early
- Practice a financially valuable skill
- Invest a big part of your savings in a side business
- Invest the rest safely
- Allocate every commission to expenses, taxes, personal savings, and your personal business growth
- The bigger your house, the bigger your debt
- Pay off the mortgage as soon as you can
- Invest early, often, and consistently
- Compound interest!
- 401K
- IRA
- Defined Benefit Plans
- Live comfortably, but not too comfortably
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