7 steps to building Financial Abundance

Financial Abundance

Financial abundance is something that everybody wishes to possess. It is true that wealth, by itself, cannot create happiness. However, having a financial abundance will confidently ensure things are more relaxed in your life and with less stress.

If you want to learn the tips and tricks that are useful for gaining a financial abundance, you are reading the right post!

The methods I will be sharing with you here are advance. however, so it is important to read carefully and make sure that you hold all the information that has been provided.

Keep in mind, the course of creating a financial abundance can be rather exhausting, but if you approach this task with the right set of tools, you will be sure to succeed.

Before you begin the adventure of creating an abundance of wealth for yourself, it is vital that you know the basics and fully understands them.

In a way, it is like when a child starts school if they were to skip creche and kindergarten or even first grade they would likely be lost when it came to the more advanced work.

Starting with the basics is crucial because the basics serve as your foundation. You will agree with me that every strong structure has a strong foundation, so in order to become a strong individual, you must start with a strong foundation.

The Basics

As mentioned above, when you are building your future and creating a financial abundance for yourself, you must begin with the basics.

The following are some examples of the key basics you will need in order to meet your desired goals.

Examine yourself:

In the process to build a financial abundance, it is critical that you examine yourself. I do not mean that you should examine your physical looks, what am saying is that you need to carefully analyze your personality traits.

You also need to list your area of strength and as well as the things you can improve on.

Also, it is very important that you examine your attitude towards the world and the feeling you showcase to others.

it is of an essence to know your mental and emotional state.  Although all of this may not seem related to the subject of financial abundance, it is.

For example, having a negative outlook on life and projecting a negative feeling to the world can push people away from you which can, in turn, close doors and opportunities for you.

Another example could be if a person is in a negative emotional state. While this individual is in this state they will surely hinder their own success with thoughts of self-doubt and low self-worth.

One of the most important steps to obtaining a financial abundance is to view yourself as valuable.

Stop Negative Thinking:

 Another vital basic you’ll need so as to get success and a finance abundance is to prevent your negative thought processes.

Ask yourself, does one extremely assume creating negative comments concerning yourself or your circumstances goes to create things better? it’s vital to continuously think positively as this will bring good fortune into your life.

If you perpetually sit around and think that one thing is simply too arduous for you to try, in the end, you’ll mentally trick yourself into believing this.

On the contrary, if you tell yourself that a task is straightforward to tackle, it’ll seemingly not give a challenge for you.

Know the Meaning of True Financial Abundance:

Many people have the common thinking error that financial abundance merely means that having a great deal of cash. this cannot be the case! If you want to own true financial abundance you need to know that it doesn’t stop at simply having a plenty of cash.

True financial abundance means that having a responsibility, working smart, making sacrifices, and in some cases blood, sweat, and tears. you need to know that without the right discipline, even though you do possess an abundance of finance in the future, you’ll sure snap.

Understand That Wealth by Itself Will not Create Happiness:

A common thinking error that several individuals create is to think that money itself means happiness. this cannot be true, and it’s vital for you to grasp that in some people’s case money truly creates additional stress and unhappiness in their lives.

To be actually self-made and feel content in life you’ll need more than a financial abundance. you’ll need a well- rounded set of skills, healthy relationships, robust social standings, and a positive outlook if you would like to be actually happy while getting a financial abundance.

1. Decide How Much You Need

It is vital in life for an individual to grasp precisely what it is that they need to get or precisely what goals they’d prefer to accomplish. Such goes with getting an abundance of finances.

If you wander down the trail of success blind and aimlessly you’re guaranteed to wander off. that’s why it’s vital to own specific goals in place that may act as your guide whereas you’re taking the journey towards success.

Before you make any decisions precisely on how much you need, it’s suggested that you just continue reading because this post contains valuable information that will greatly assist you. Note this, it’s vital to determine the exact amount of money you need instead of how much you want.

Determine How Much You Need

When you are forecasting for financial success, it is vital that you determine exactly how much finances you need to be pulling in. I do not mean a general unassuming figure, I mean an exact number.

You can figure this number out by listing down all of your expenses as well as giving yourself some breathing room for unexpected situations that may occur. You need to picture yourself in the future, what do you see?

In order for you to achieve what you see in this vision, it is vital that you set financial goals because they will help as your motivators. You may want to start with smaller goals as this will help you build your self- confidence in the long run and this will make the harder goals much easier.

Add Up The Bills:

The first and probably most significant step to creating a financial abundance is to figure out what your monthly expenses are. It will be terrible to build wealth if you are spending more money on expenses than you are bringing in.

it doesn’t matter if you are a manager for a business or are self-employed, all expenses need to be accounted for, down to the paper clips and staples. This will help you determine if your current set of circumstances will benefit or hinder your journey to financial abundance.

Are You Earning Enough?

One question that you are going to ask yourself, whether you want to hear the answer or not, is am I making enough money?

Although it may be hard, if you are not making enough money, you may have to give up on some things in life for a short period of time.

Even those who are not in financial strain should look over their daily lives and think of the things that they do not really need.

You will be surprised by how much of a difference you can make by choosing to buy a 1-dollar tea in the morning rather than a $5.99 exotic tea.

If you analyze your current set of financial circumstances and come to the realization that you are not making enough money, it is definitely time to do something about it!

What Do You Need the Finances for?

Another vital question you must ask yourself is, what plans do I have for my finances. Having a plan for what you will use your finances for will motivate you as well as set guidelines for what you purchase.

For instance, if you know that you have important business expenses coming up or maybe even a vacation to Dubai, you will be more responsible with your spending which will lead you to create a financial abundance. It is also very important to prioritize.

You must take care of life’s essentials before worrying about having extravagant things like jet skis and sports cars.

It is also advised that you create a spreadsheet or some other type of visual reference to track your expenses and earnings. It is easy to forget about something that you cannot see so it is important that you keep this spreadsheet in a location where you will see it multiple times throughout the day.

The method of determining how much money you will need should not be taken lightly or rushed. It is a very serious step in the process of creating a financial abundance. Keep in mind the tips from this article and start practicing them and you should start to see improvements in no time.

2. What Do You Need To Bring Wealth

You may be asking yourself, what exactly do I need in order to obtain wealth. The answer to this question varies from person to person.

The answer will depend first on what you as an individual sees as wealth and then on the individual circumstances of your life.

For example, if you were born into a rich family, chances are that you are looking for more money but rather a wealth of happiness or love.

On the other hand, if you are like most of us who scrape by check to check, then your idea of more wealth would likely be more money.

In the process of deciding what you need in order to gain wealth, it is very important to determine what you define wealth as.

What Will You Need?

There are different things that can help a person obtain a financial abundance. Some of these may have to do with the person mentality or attitude while others may have to do with surroundings and physical objects.

The most vital things you will need is derived from yourself though.

This is good news because you will not have to spend money to utilize them. A few examples of the things inside yourself that you need to bring forward are:

Determination:

Many people will list determination as one of their skills but when it comes down to hard times they usually do not see the problem all the way through.

They may find the easy way out or give up completely, either way, the task does not get completed correctly. These are not traits of a person who is determined to do something.

Someone who is truly determined will fight to get what they desire, no matter how hard it is, no matter how tired they are, and no matter what others say.

This is why people with this trait tend to excel from the rest. They do not let challenges stand in the way of their dreams and goals and they couldn’t really care less about what others have to say about their aspirations.

If you truly want to build a financial abundance, strengthening your determination is a great place to start

Will Power:

Will power is incredibly vital once it involves any form of monetary scenario. you need to have the ability at intervals yourself to avoid life’s daily

temptations. this can be easier if you perpetually keep in mind the goal you’re working towards which might be building a financial abundance.

Responsibility:

When it comes down to it, no one is responsible for your life besides you. If you are not happy with the set of circumstance you are currently dealing with, you are the only one who can change it.

Do not blame others for not having the fortune that you feel you deserve because this will slow the entire process of building your financial abundance.

Those who look at problems and take responsibility for them see the light at the end of the tunnel because they are able to see solutions instead of someone else to blame.

There are many other personal traits that you can strengthen and apply to aid you on your journey to financial wealth but now we will begin to focus on other types of things that will help you build a financial abundance.

Personal Accountants:

A personal accountant can be very useful. Their purpose is to track all of your expenses and earnings. They can also be asked for expert advice about how you can further enlarge your earning potential.

Personal accountants can also serve as a safety net when making purchases because you can ask them if the purchase fits your goals for your finances as well as your current financial situation.

Stock Brokers:

Stocks can be a quick and exciting way of making large amounts of cash. However, in order to make money in the stocks, you must first spend money. There are dangers that come with the stock market.

There is no guarantee that you will make a profit or that you will even make your money back, Don’t be frightened, there are measures you can take to better your chances of being successful in the stock market.

The first safety measure would, of course, be to do extensive research on any product before you invest in it. Do not fall for pitches because they are designed to sell the product to you.

Instead, do your own research and make your own decisions. Another safety measure that can help you a lot is a stockbroker. Stockbrokers spend their entire working day trading stocks and offering advice to their clients.

When it comes to experience, a stockbroker is hard to beat. Also, they will most likely know the tips and tricks that the general public is not even aware of.

Spreadsheets/Visible Graphs:

As mentioned before, spreadsheets can be an excellent way of managing finances. One advantage of choosing this method is the fact that you do not have to pay someone else to track your finances like a personal accountant.

You need to be aware of the fact that keeping track of all of your expenses and financial goals is not a quick and easy process. Once this spreadsheet is completed it should be put in a place where you will see it many times during the day.

Doing this will help you realize how much money you are spending, how long it will take you to reach your goal of financial abundance, and it will show you any unnecessary spending that you are doing. For example, you may be thinking of purchasing a set of rims for

your car or maybe a new leather jacket, but when you see your spreadsheet you will remember that you are trying to control your spending and that those things are not actually necessary.

Family/Friend Support:

Most challenges in life are made much easier with the support of family and friends. The challenge of building a financial abundance is no different. Your family and friends can help you to stay on track and remain motivated.

They can also offer an outside view of your situation and offer valuable insight that you may not have thought of on your own. Your family and friends will be more likely to hold you accountable when you do not stick to your financial goals than you will for yourself.

As well, keep in mind that part of the reason you are trying to build a financial abundance is for your loved ones as this will surely motivate you.

Be an Apprentice:

Taking advice from others should never be thought of as weakness, especially when the advice is coming from a person who has been through the challenges that you are experiencing and knows the answers on how to pull through.

Whenever you have the opportunity you must make social connections with people who can help you on your quest to building a financial abundance.

Once you have developed a relationship with these people you may ask them to have meetings with you, at their convenience, to discuss ways to further progress your financial gain. Make sure to always show appreciation to these people because their time is quite valuable.

Also, make sure not to ask too many questions or make yourself seem clueless with the topic because this might make them feel as if you will require too much time to help.

Make yourself seem well informed and knowledgeable on the subject, show great amounts of interest, and do not let them down. Once you start to apply the lessons that you learn it is acceptable to inform them of your success because they would surely like to know about it.

It is important to pay it forward with this method. What this basically means is that you need to take the opportunity to help someone else in need since you needed the same assistance in the past.

3. Combine Experiences and Emotions

When trying to build a financial abundance it is important to incorporate your life experiences and emotions into your thinking.

Life experiences and emotions play a large role in the overall success of your life so it is important to understand them and pay close attention to them.

Many people do not realize how important these two factors really are, they feel as if they come with success instead of the fact that they draw success in.

We will go over how emotions and experiences can help you on your journey to building a financial abundance.

Emotions and Experiences

As stated before in this book, emotions play a huge role in your life and the success that you will experience. If you are constantly upset or irritable you will put off vibes to others that you are not approachable.

If you put off these types of vibes you will surely close many doors to many different opportunities. In turn, you will likely miss out on those opportunities in life that would have led to great wealth and an abundance of finances.

The sad thing is, once you miss these opportunities in life they often do not present themselves again in the future. It can be thought of like a hit or miss situation.

Being irritable is not the only emotion that can affect your success. For example, if you are constantly depressed others may find it hard to be around you or may feel that you have far too much going on to handle anything else in your life.

This will also likely lead to closed doors and loss of opportunities. However, if you are always upbeat and keep a smile on your face, others will see you as easy going and will likely not mind being around you.

This is beneficial because the more people you know, the more opportunities you have.

If negative emotions do not cause others to close your doors of opportunity, you will surely do it yourself. Being filled with negative feelings on a constant basis will begin to make a person feel negative about themselves.

It will likely fill them with doubt and a lack of self-worth and that is the last thing you want while trying to build a financial abundance. You need to feel as if your life has worth if you are ever going to add any value to it.

Life experiences play a role in success in a different way. Unlike emotions which happen at the moment, experiences are from the past.

Life experiences can make a person very knowledgeable and teach them the easier ways to do things in life. Do not think that every person who is wealthy started there.

Most were just like you, an average person who is trying to learn the ropes and make a name for themselves. Just like you, they surely have made some mistakes, some bigger than yours.

The fact that they learned from their life experiences is what drove them to success and wealth. When times get tough in life you can look back to other feats you have accomplished, other times you have succeeded, and how nothing is impossible.

It is important not to use life experiences in a negative way. You do not want to think of bad things in the past and assume that everything in your life will turn out that way.

However, it is good to look at situations and think about where you could have made different decisions because this will help you to make better decisions in the long run. Do not ignore the past; use it in a positive way.

Your attitude, emotions, and experiences play a huge role in the way your life turns out. Whether you establish wealth or end up living in a box, these three things played a big part in it. You must do your best to keep a positive attitude and remain happy.

Take all experiences in life as good ones, even if they seem bad at the time they will provide you with knowledge for the future.

4. Use Imagery

Positive imagery is a very powerful tool and sadly many people are not aware of the benefits it has to offer. You can change many things in your life by simply using positive imagery.

It may seem unbelievable that such a simple process can be so effective, but do not underestimate the power of visualization.

If you do not know much about the power of imagery, this section will be very beneficial for you because it is all about imagery.

Positive imagery can offer many benefits to a person’s life. An added bonus that comes with positive imagery is the fact that it is completely free.

Power of Imagery

As well, you can practice your positive imagery at any time at any place. If you are not sure about exactly how to utilize positive imagery, the following information will be very helpful for you.

Picture the Future:

The first thing that you should do when using positive imagery finds a quiet place where you can be alone. This is important because you need to avoid distractions.

Once you are alone you need to take some deep breaths to relax. Once relaxed, close your eyes and begin thinking of happy thoughts. A good place to start is to imagine your future.

In this image, you should picture yourself accomplishing your goals. Imagine that you have an abundance of finances and that all of your financial strains have been resolved.

A picture that you are able to buy that special gift for yourself that you have been saving up for or try imaging yourself on a vacation that you have been wanting to take.

The hardest part of using positive imagery is blocking out all negative thoughts that try to enter your mind during the process. Thinking about any negative things will completely ruin the process of positive imagery and make it completely worthless.

Using positive imagery can be thought of as a form of meditation. The two have a great deal in common. This should be viewed as proof of its effectiveness as people have been practicing the art of meditation for quite some time.

All it takes is practice; remember you will not be a pro at positive imagery when you first begin doing it.

5. Transform Your Surroundings

Your surroundings play a large role in the way your daily life goes. I mean more than just objects when I say surroundings.

Your surroundings can include people you choose to associate with, places you like to hang out, where you choose to live, and how you decide to decorate your office or home.

Since your surroundings play such a large role in your life, it is important to make sure that you surround yourself with positive things. This is especially important while trying to build a financial abundance.

This section will give you some tips on how to do this.

Choose Your Surroundings Carefully

Carefully choosing your surroundings can make building a financial abundance much more simple than it seems. As mentioned before, everything in your life is a result of your surroundings.

Therefore, if you have friends who like to engage in negative behaviors, you will likely have negative consequences that take place in your life.

On the other hand, if you hang out with people who are constantly helping others, you will likely be granted positive effects in your life.

Look over all of your surroundings and ask yourself, are these surroundings going to aid or hinder me on my journey to building a financial abundance?

If the answer is that your surroundings are going to slow your progress you should make some changes.

Here are a few areas you may want to consider a change:

Clutter:

Your surroundings should always be kept neat and clean, especially at your workplace. Clutter in an environment can cause an individual to become stressed over time.

Humans naturally like their environment to be clean, so when it is not it causes a person to be uneasy or irritable. You may want to find a new way of organizing things so that things are easier to put away.

Another thing that might help is to rearrange the room to create more space.

Noise:

You need to cut excess noise out of your surroundings. This may not always be possible, but when it takes advantage of it.

Use Inspirational Pictures:

Using inspirational pictures can be quite helpful. Try hanging a few of them around your house in places where they will be seen often. Make sure to find ones with a motivational message that is geared towards building a financial abundance.

Surround Yourself With Positive People:

The hardest part of this may be letting go of old friends. Although it may be a daunting task, it must be done!

As stated before, negative people bring negative outcomes, it is best to keep negative people out of your life.

Where You Should Hang Out:

You want to find a place to socialize where the people there are successful. This will present you with opportunities to meet new people with positive lifestyles.

It will also open new opportunities by means of creating new contacts for you or new ways to build a financial abundance. Basically, stay away from cheap bars and pool halls!

6. Use Affirmations

 Affirmations can be very useful when facing tough situations. That is why they should be used while you are trying to build a financial abundance.

It may feel weird saying affirmations to yourself but it will surely help. If you are unsure what an affirmation is or are not sure of how to properly perform an affirmation, these next lines are meant for you.

Affirmations

For those who do not know what an affirmation is, an affirmation is a set of positive statements you say toward yourself in order to build your level of self-confidence and self-worth.

One of the great things about affirmations is that you do not have to count on someone else to receive them and you do not have to pay for them.

It is important for people to understand that simply saying an affirmation is not enough if you want to see real results. A person making an affirmation must find a way to make themselves believe the statement.

Keep in mind; this is something that gets easier over time, the more and more you do it the easier it will become. This is especially true for those who already have damaged self-esteem since it will be harder for them to accept compliments at the beginning.

Many people may feel awkward while doing an affirmation properly, but it is important that you do it correctly if you want it to work. You need to be in a quite are, preferably with a mirror.

Stand in front of the mirror and look yourself deep in the eyes. While looking yourself in the eyes you need to tell yourself that you are a good person, you will be successful, people like you, you are loved, and you will build a financial abundance.

You are free to add in your own affirmations as those were just examples. You need to use affirmations that are related to your current goals.

You may also want to try hanging written affirmations in areas where they will be seen numerous times throughout the day. These affirmations should be pretty close to those that you speak out loud each day.

This will further enforce the affirmations and make them more powerful and effective. All you have to do is write on a piece of paper a statement like,” I am successful, I will obtain a financial abundance.”

You will likely be surprised by how effective this simple and cost-free method for reaching success can be as many others have been.

Conclusion

Gaining all the financial abundances you will ever need is possible if you have the right game plan in place to tackle the task.

Just be sure to use all of the knowledge you have gained from this book and make sure to implement some of the tips you have learned into your strategy.

The power is within yourself and if you want to be truly successful and build an abundance of finances you are the only one that can do it for yourself.

Today’s life can be described as a dog eat dog world meaning every man for himself, nobody out there is going to look out for you except for you.

So stop sitting around thinking about how you wish your financial situation was better and do something about it!

lastly, I would like to thank you for reading this piece. I sincerely hope that you have learned a lot about how to build your financial abundance!

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If you have questions or concerns about how to build financial abundance, feel free to drop it at the comment section below.

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About Ini Patrick

Hello, I'm Ini Patrick, a Serial Entrepreneur, Business analyst, and Online Business Strategist. Am committed to helping entrepreneurs grow their business by sharing hybrid information and ideas that teaches strategies and systems to help start and grow any business.

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