The 80-20 rule is critical for wealth and finance decisions.
It states that 80% of outcomes (outputs) come from 20% of causes (inputs).
Work on finding what works best and prioritize the 20% of factors that will produce the best results.
Remember building wealth takes time.
Talk about money more often.
What you are investing in, your spending habits, what you are looking to learn etc...
Money doesn’t need to have a stigma, we all use it.
Trying selling something you don't need anymore before you purchase an item for the next 30 days.
It is a win-win, you will not accumulate more ”stuff” and you subsidize or eliminate the cost of your new item.
This is how you flip your spending mindset.
”I can’t afford that right now” is one of the most powerful and underutilized wealth-building statements.
Don't be embarrassed or intimidated by friends and family because you're in control of your finances.
Gratitude for where you are presently and forgiveness of past decisions are as important in the process of improving your personal finances as the MONEY itself.
Don't be hard on yourself if you have made ”financial mistakes” in the past, everyone has.
Taking control of your finances is like building a muscle, it takes time.
Learning from your past choices is how you move towards your goals.
Be patient and grateful