Seven Ways for You to Be Successful in Creating Wealth

Do you sometimes get frustrated with your money? Is money constantly on your mind because you want to improve your financial situation but are unsure what changes to make? Why not take the time to review your wealth plan, including your spending and what kind of income stream you want and need? Creating a financial plan that fits your lifestyle now and will support your future is possible. Reach out to me if you would like some help.

Like many of us, you likely have a fixed income, and everything seems more expensive, rarely cheaper. Creating a plan and consistently making small changes can improve your financial situation. When you start, even if they are the simplest things, you will begin to create wealth and have a sense of financial security as time moves on. Commit yourself today to achieving an affordable lifestyle that is within your means and allows you to spend what you need. There is no reason to deprive yourself, but you want to arrange options while making wise choices.

You can start this journey by writing a plan, then taking daily action to implement it. Over time you will become aware of when and how you spend. With practice, you can learn to better your money management skills. Once you create a spending plan, you will find a balance for present enjoyment while also securing your long-term and short-term financial needs, which will position you for success.

Success is creating a healthy, wealthy, balanced, inspired lifestyle while living a life filled with love, happiness, fun, and an abundance of inner peace. ~Bonnie Gortler

Remember to create a savings account for those rainy days that appear unexpectedly. When you prepare yourself in advance, it’s easier and less stressful.

“When wealth comes, don’t spend it all.” ~Benjamin Franklin

Ask yourself these questions before spending money:

• Am I within my plan?
• Is this the most cost-effective way to buy?
• Is it of good value?
• Did I research the price and check if there are any discount coupons
• Would I rather have this or something else since money is tight?
• Am I spending less than I earn, setting money aside for my future?

You can be successful in creating wealth!

 Seven Ways for You to Be Successful in Creating Wealth:

1. Set aside savings to invest in the stock market for your future which will help you grow your wealth over time. Money makes money.
2. Set your financial goals- Identify your short-term and long-term habits to help you prioritize your spending and savings goals.
3. Diversify your portfolio with a mix of bonds and equities.
4. Find a coach or mentor if you are a trader to meet with regularly and answer any questions that will support you in creating an investment and trading plan that aligns with your goals and risk.
5. Create a spending plan – Decide how you will spend your money and track your expenses. Buy within your wealth plan what is affordable and focus on limiting your impulse buying.
6. Do your best to pay off your debt as quickly as you can. High-interest debt can be a significant hurdle to overcome when building wealth. With consistency, it is possible.
7. Set aside six to nine months of living expenses for emergencies and unexpected situations that may arise.

Building wealth requires planning, good choices, and consistent decision-making. Small changes in handling your money will allow you to create wealth. Make the intention to start and not worry about the outcome. Review and adjust your plan as needed. Decide that you will learn a few simple trading basics and build habits that allow you to do them. Know that your financial situation will change over time, and commit to embracing the process without putting additional pressure on yourself. A well-thought-out plan will guide you to better investment decisions paving the way for your financial success.

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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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