You have been reading books on wealth, stocks, shares and investments. You have been doing a lot of research and spend countless hours to learn more and more on how to be a millionaire! Financial freedom, financial freedom day and financial abundance is always in your mind. You are motivated and determined on building your wealth.
In your journey, you meet people who have the same goals as you and you also encounter people who think you are crazy because you tell them that you want to be a millionaire. As days are passing by, you realize that you are not making the money that you are supposed to make. Not only that, you are mocked by people who think you are just a dreamer.
So what is the problem now? Well, to be a millionaire, we have to think like a millionaire, not! Actually, we have to model the live of a millionaire even before he/she is a millionaire! Why do I say this? Very simple, how are going to manage your million when you do not know how to manage what you are getting now! Now, this is the mother of all rules to be a millionaire!
I am talking about your present cash flow. If you do not have savings now, you have a big problem. If you have little or no money left toward the end of the month, you have a problem. Having a millionaire mindset is a good start, but having a millionaire mindset but not having a millionaire cash flow characteristic is not a good thing.
You must learn how to manage your cash flow. Managing your cash flow is not a simple task, it is a skill! You have to keep practicing to perfect it. Having budgeting tools is a start. Analyze your monthly budget and refine it! In my experience of perfecting a budgeting tool, I must warn you that you must have discipline. Good luck!
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