New year, new opportunities to build your wealth

Forget New Year’s resolutions. If you want to make real financial change in your life, you need a strategy.

How many times have you made a resolution to lose weight, stop drinking, stress less and exercise more? We start off with the best of intentions, but without a solid plan, we quickly lose focus. Within a week or two, we resort to old habits. Nothing changes. It's the same when it comes to your finances. You cannot pay down your debts, build your wealth and achieve sustainable change without transforming your mindset and working from a strategy.

Take an honest look at your financial situation. Do you spend to live, or live to spend? We are a nation of Consumerholics: we rack up debt for things we don’t need and have lost sight of what is truly important.

How do we regain control of our money? How can we rediscover what truly matters?  

You must become an Investorgetic®

An Investorgetic® is someone who is passionate about building their wealth. They invest their money responsibly, are socially aware, put high value on their relationships and use their wealth and knowledge to help future generations.  Watch this short video for tips on what people are doing to become Investorgetic®:

If making ends meet is a struggle for you right now, this may seem unachievable. But it’s not. Anyone can become an Investorgetic®. It takes commitment, strategy and three fundamental elements:  

1.     Magna Vision

“Life should not be a series of busy nothings.” 

What do you want your life to be like? Be clear about your vision for the future. Let it light up every aspect of your life and form the basis of every decision. Where do you want to be in 30 years? Do you want to be debt-free, own your own home, have enough money so you can be self-funded at retirement? Think about the future of your children. Is it important to you to have enough money set aside so they can attend university? Remember, your mindset and the actions you take now pave the way for their own financial independence. Don’t let the next shiny, new thing make you lose focus of your vision. Every time you make a purchasing decision, ask yourself: will this help or hinder my chances of achieving my goals?

2.     Courage

“Be strong and courageous.”

I’ll be honest, letting go of your Consumerholic mindset isn’t easy. You’ll face many challenges along the way. It takes courage to embark on a journey of financial transformation. It’s natural to feel apprehensive and scared. They key is to remember your goals and not let fear impede your success and happiness. You deserve financial freedom. You deserve the life you want. Embrace this opportunity to change your life and muster the strength to deal with challenges as they come.

3.     Faith

“Ask and you shall receive. Seek and you shall find. Knock and it will be opened to you.”

The journey won’t always be easy. There’ll be times when you question yourself; times when it all seems so hard. The key is to have faith in the process. It will work. If you have a solid system in place and take a long-term approach, you will gain control of your finances. You’ll not only survive, but thrive.

Best of all, you don’t have to work out your new financial strategy alone.

Over the next 12 weeks, I will guide you through the steps you need to take to make the transformation from Consumerholic to Investorgetic®. Stay tuned for next week’s article on how an Investorgetic® mindset can revolutionise your finances.

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Susan Wahhab —CPA, SMSF Specialist, Entrepreneur, Working Mum, Small Business Supporter— is Australia’s leading Financial Strategist and Money Mentor. Susan is the founder and managing director of Accounting and Financial Services firm Winner Partnership Pty Ltd www.winnerpartnership.com  

Susan is the author of the transformational and practical book Money Intelligence®. Susan is passionate about helping people achieve financial liberation. At the age of six, she witnessed how her money-savvy mum (whom she calls the money manager) joined forces with her dad (whom she refers to as the money maker) to save the family business from bankruptcy and become financially free. Susan truly believes that people can become financially liberated by developing a healthy relationship with money. Buy the book in either printed copy or ebook and learn more about being money intelligent www.moneyintelligence.com.au