7 Tips to Confidently Achieve Wealth Investing

Are you confident when you think about money? When a friend or family member brings up the subject of money, do you avoid the conversation because you feel uncomfortable? If your thoughts surrounding money are causing you some concern, know you can shift your thoughts and change your relationship with money.

When you feel good, everything has a way of falling into place. This holds true concerning your finances as well. When you take the time to organize your thoughts and be calm, your financial goals become clearer and allow you to improve your current situation.

You may have found in the past that you were inconsistent with following your plans. What can increase your clarity is to state your intentions through a written plan. Do your best not to be too hard on yourself. It’s a process when changing your behavior. Instead of berating yourself, remember it’s a new day and you can start again.

When you make your plan simple you improve your chances for success and increase the probability that you will stick with what you have put into place. You can change your plan as time moves on. There is no pressure and you are not in a race. If you need help, I’m here to support you.

Some self-reflection will also improve your rate of success. First, look past what you’re not doing or what has not gone well within your life. Be gentle, don’t beat yourself up. Ask yourself why you’ve been inconsistent with meeting your financial goals. More often than not, your inaction may be due to a lack of knowledge, negative past experiences, or possibly fearing the unknown.

Your beliefs about money may come from what you were taught when you were younger. Your beliefs may have caused your discontent, but you can change them by starting new habits freeing yourself from the old ones that have kept you from reaching your goals.  A simple change in your perspective can lead to an immediate major positive change.

What beliefs are you willing to give up, let go of, to improve the way you view your finances? Imagine what your life would be if you decided today to create change.

You can retrain your mind to have a different set of beliefs by creating new habits. Start by writing down three money goals to focus on over the next six weeks, 3 months, and one year. Next, write three more money goals you would like to achieve in the next three years. Once you have completed writing these goals you are ready to take action and begin.

Remember to add positive thoughts to what you want to make happen. If you still need to gain clarity and would like to talk about your money goals and discover what is stopping you from growing and sustaining your wealth, sign up for a free 30-minute strategy session with me.

Learn more here.

Increased wealth can happen when you work to develop your knowledge and make becoming comfortable with how money works a priority within your life. You don’t need to worry about not having all the answers right away or knowing when you will exactly reach a specific goal. What you want is to get yourself in the best position for making better financial decisions.

When working toward enhancing your investing success taking consistent action steps will make a difference in your finances and give you greater confidence in your investment decisions.

Expect to have some bumps along the way. However, with a few changes in how you handle money now, you will significantly increase your chances of experiencing the financial freedom you want. Don’t sabotage your success by putting too much pressure on yourself.

Develop an investment plan that has your money working for you to meet your goals. You have the power to create change in your investing success. Start today to create a plan to grow your wealth with confidence.

You can start today by setting in motion a plan to grow your wealth and financial security. Here are some tips to help you increase confidence with growing your wealth.

7 Tips to Confidently Achieve Wealth Investing

1. Open an investment account. Each month, even if it’s only a few dollars, deposit money into the account for your future. Start as early as you can to invest in the stock market. Money makes money, and over time money can grow significantly.
2. Have an investment strategy that includes risk management.  Have an exit strategy, a plan that tells you when to get out of your investment so you avoid large losses. Use a consistent trading strategy that is simple to follow. Avoid making decisions based on your emotions that lead you to panic and make mistakes.
3. Don’t avoid selling because you have to pay taxes.  Lock in your profits when you have them and you no longer like the investment. If you don’t pay taxes, you are probably not making as much money as you want. You never go broke taking profits.
4. Diversify your investments into a mix of equities and bonds so that you are in better control of your risk. If you control the downside, focus on capital preservation, in the long run, you will grow your wealth.
5. Don’t place too much money in any single investment knowing something unexpected could happen at any time.
6. Learn to exit a trade and accept when you are wrong. Keep your losses small. There will be profitable investments and ones that are not profitable.
7. Be flexible.  Don’t force trades. Be patient. The tone of the market can change quickly. Trade in the direction of the trend of the market. Remember, it’s much easier to make money in an uptrend.

Keep in mind that there is no perfect trading strategy that works every time. Become disciplined by having a process where you learn to understand your risk tolerance and the return you want to achieve. Follow a simple investment plan that fits YOUR needs. Find a trading style that that works for you.

Believe that wealth is possible for you. Stay positive and focus on your future goals. Only time separates you from success. You can achieve a money mindset shift by remaining focused on your life goals, and when you are willing to do what is needed to become successful.

Nothing is beyond your reach. Take a step each day toward your financial freedom by addressing any unsettled feelings you may have about your finances. Take charge of your future by learning as much as you can about wealth and investing. Review your investing decisions with the desire to learn from your mistakes, not expecting perfection. Your increased knowledge will help calm your spirit and help you become more at ease and confident with money.

If you like this article, then you will love my free Master Class Stop Struggling Building Wealth.  Click Here

Learn more about Bonnie

Bonnie S. Gortler

Bonnie Gortler, Consultant, Coach, and Author specializing in Wealth and Well-Being, is a successful stock market expert who has been instrumental in managing multi-million-dollar client portfolios within a top-rated investment firm during her over 35-year corporate career. As the author of “Journey to Wealth,” Bonnie has made it her mission to share the importance of risk management and how to enjoy real financial well-being by applying the technical and mental sides of investing. Bonnie has an M.B.A. and is a certified life coach. It is through her love of coaching, consulting, blogging, and social media that she creates change in the lives of many and inspires people from around the world. Bonnie is fully committed to your personal growth and development as she shares her winning spirit and powerful techniques with you. Visit BonnieGortler.com to gain tips and insights about investing, personal development, and inspiration through her articles on Wealth and Well-Being.
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