Some of the most prominent self-made millionaires in the world often declare that it was their rebellious streak that lead them to be what they are today. It was their unique vision, their bold spirit and their ability to break – and change – the rules that paved the way to their astounding success, they say. While there are still a lot of people who achieved success by cautiously following what they have been taught to do, it was those who stepped out of their comfort zones and challenged existing common beliefs that really made it big. For these game-changers, wealth creation is not just about saving and growing money, it was about going beyond their limitations for the greater good.
Financial consultants at JDL Strategies know all about this rule-breaking paradigm from their work with their multi-million dollar investor-clients. They have observed how the most successful people are those who are willing to change their mindset and be open to new learning, advice and strategies that are more relevant to and aligned with today’s financial and economic landscape.
Some of the top wealth creation principles that may break your worldview but build your riches include the following:
Saving up for the rainy day is not, and will never be, enoughanymore. In the past, people have been taught to save a certain portion of their salaries every payday. Faithfully following this practice will already make them feel secure for the future and in case of emergencies. However, it has now been proven that completely relying on your monthly salary may not be the best thing to do; it may even be harmful in some cases as the recent recession revealed. To save smartly for your family’s future, you need to make the right investments that may seem bold and aggressive but will provide huge returns in the long run.
In debt? Invest. It would seem commonsensical to simply stop spending your money if you still have debts to pay. Financial consultants, however, say that with the right strategy, you should be investing while you are managing your current loans. The returns you get from your property investment can settle your payables until you have significantly minimised, if not completely eliminated your debts.
Want to save? Spend. When you want to save up for the future, the last thing you may want to do is spend more money. However, experts say that the opposite may just help you build your personal wealth fast. Spend some money smartly by investing in the services of a professional financial consultant. The value you get from expert advice can make their professional fees more than worth it.