The Golden Formula: Your Path to Wealth
Let’s ditch the overly complex, jargon filled bullshit and get crystal clear on how to reach your financial dreams. It doesn’t need to be complicated.
The Golden Formula
I don’t care whether you’re drowning in student loan debt, paying off credit cards or if you’re making millions, living it up on a super yacht.
Everyone uses the same three principles to reach their financial goals.
There are only three elements you need to grow your finances and build wealth long term.
Spend Less Money
Make More Money
Have Your Money Make Money
Now the formula is simple, but let’s break it down.
Check out the vid here if you’re a listen and watch kinda gal.
I’m going to give you the how and where to begin.
Spend Less Money
Did this make you cringe? Budgets. Restrictive spending. The post purchase shame.
Hold up. Let’s ditch that drama. It’s like the diet that never works.
Before you get your tummy twisted, I’m not about ANY of those!
I want you to spend freely on the things that light you up. Get intentional about your spending. Which areas and things bring you joy?
Is it travel, events and activities or luxury clothes. You get to choose whatever is aligned for you!
There’s a difference between overspending and intentional spending. When you spend from a place of comparison or filling a void, you’re in the grip of a what I like to call a spending trigger.
If you want a guide to get guilt free about your spending, then head over here.
This guide gives you 10 common spending triggers that get you into hot water, helps you identify which ones trigger you and gives you a 3 step process to clear them.
Make More Money
There are thousands of ways you can make this happen. Some are quicker and easier than others. Some have a long term payoff. Others are a waste of time entirely.
When you think about adding to your income, are you thinking about the short term, medium term or the long term. All three are important.
For those in a corporate job, a $1/hour raise gets you $2000 more per year. Can you ask for $5?
For those of you in business, raising your rates is the single easiest way for you to add to your bottom line. When was the last time you increased your prices?
Making more money is often riddled with limiting beliefs. In the process, we’re often reaching a level we haven’t hit before. Which comes with an element of fear, imposter syndrome, self doubt.
That’s normal. We ALL have that! Yup, me too.
It’s a sign that you’re reaching for something big! Keep reaching, babe.
What highest impact actions you can take in the short, medium and long term to reach new heights?
Get clear on your needle movers. What is going to give you most bang for buck?
There will be actions that will move you a little forward and then there are those BOLD MOVES that will give you a quantum leap into next year!
What are those QUANTUM MOVES?
Have Your Money Make Money
Also known as investing. I’m an ex-trader, so this might sound strange, but my investment philosophy isn’t based on fancy strategies, picking stocks and trying to time the market.
It’s not sexy. It’s basic. It’s boring.
And it works.
Stay tuned in the coming weeks for these simple investment principles to get started.
In the meantime, I focus on steps 1 & 2 above.
You first need to invest some time and energy there to give you the surplus to invest.
TAKING ACTION: What’s the single most important thing you can do this week to put one of these into action?
Remember, anything and everything is possible,
Kristen xx