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Level Up For Financial Dominace w/ Nathaniel A. Butler

LEVEL UP FOR FINANCIAL DOMINANCE

Written by Nathaniel A. Butler

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Picture it, the year is 2065, you are now well past the bloom of youth, you settle into your favorite chair and reflect on the life you’ve lived so far and the decisions you’ve made. You are also likely asking yourself some very important questions: What have I accomplished? Have I truly lived my life to the fullest? What, if anything, would I change? Is it too late for me to make the kinds of changes to make my golden years more comfortable? Answering these fundamental questions is critical to improving your quality of life as you age. They are the first essential steps to changing your money mindset. Why is this important? Well, if you want to live your best life and earn enough to reach your personal and professional goals then reassessing your money mindset is a crucial step.

How can you achieve this? Figuring out the relationship you have with money is perhaps the

most important first step you can take. Money is a tool that if earned and managed correctly can unlock new levels in your life. Pinpointing the precise flow and circulation of money in your life can help shift your thinking and impact your money management behaviors. Upgrade your mindset if you want to upgrade your money-making. Step two will require that you abandon any negative and unproductive thoughts you have about money. As the nurturers of the human race, women will often choose to put others first. If you want to upgrade your mindset, however, then you must learn to put yourself first. One common mistake many women make is that they underestimate their income-generating capacity. This mindset often prevents women from availing themselves of opportunities for financial growth. Instead, of leaning into negative stereotypes about your money management skills, feed yourself a new message: ‘I am Smart’ and ‘I am Good Enough’. These are the important messages needed to develop the millionaire-mindset. Your emotions are a powerful tool that can be used to fuel your higher purpose and improve your money mindset. Never allow negative emotions like doubt and fear to hold you back from achieving your final goals. Instead, align your emotions with your goals. Writing your goals down on paper is a great place to start. Visualize the goals you set and write down why you want to achieve each one. Refer to these notes regularly. This will help you realize what truly motivates you and drives you. Over time, you will see your behaviors and beliefs change and adapt as you develop your new mindset. The final step in reaching the ideal money mindset is to TAKE ACTION. No one achieves success without strategically planning it first: a goal without a plan can only remain a dream. Don’t stop at just dreaming; make a concrete plan that will the roadmap to your success.

How Secure is Financial Strategy? It often takes just one major issue or life event to expose the holes in your financial strategy. Whether your early 20’s or mid 40’s. single or married or divorced it’s important to note that when it comes to your money strategies, there is always room for improvement, even for those of us who may feel like we’ve found ‘the perfect financial balance’. Tap into your wealth-generating capacity. Whether you own your business or are a full-time employee, remember that it never hurts to have a side-hustle. Harness your talents and natural abilities into a secondary source of income. Remember, time is more valuable than money; so with very little time, no additional finance invested and no maintenance needed, you can quickly grow your income.

Focus on your essentials. Use what I like to call, the ‘Four Walls Concept’. As natural caretakers, women traditionally set the parameters for what qualifies as essential in her household. You know undoubtedly have intimate knowledge of what it takes to make your home run efficiently. KNOWING is only half the battle. You must also note the different ways that expenses like food, medicine, shelter, utilities and transportation are “weigh” on your budget. Once you eliminate the non-essentials you’ll start to see a difference in your finances.

Create two funds with one ultimate goal in mind. Every dollar you earn must have a purpose. When working toward creating wealth for yourself or your family, create both an emergency fund and a sinking fund. Put money aside for emergency funds, and save a few extra dollars to cover recurring and future specific plans or events. With these two funds in place, you can sleep easier knowing that you’ve taken the steps to reach your ultimate financial goals.

The road to financial security should never feel like a daunting task. By changing the way you think about your money, you have the power to level up and become not just financially independent but Financially DOMINANT and ready to take on the infinite opportunities that await you.

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