Building wealth isn’t just about numbers on a spreadsheet, calculating ROI, or planning appropriately for taxes. It's much deeper than that. True wealth building is cultivation, and it’s something that’s rooted deeply in your mindset.
The biggest difference between a wealthy person and a poor person is not how much money they have in their bank account. What truly distinguishes the two is their mindsets. So if you find yourself stuck in a rut, the good news is you can purposefully change your mindset, which will in turn change your financial situation.
Too many people think they don’t deserve wealth, and they live in constant fear about money. By doing so, they attract negativity into their lives. They invite unfavorable situations into existence by focusing on lack.
It’s the classic story of a person who wins the lottery, and then quickly squanders all of their earnings away. Why does this happen? Because they aren’t in an abundance mindset.
But those who are creating true legacy wealth and are expanding their real estate portfolios don’t live in that same headspace. Instead, they focus on peace and abundance. They feel connected to wealth, and most importantly, they feel worthy of wealth.
If you think you cannot change your financial situation due to personal circumstances, that’s a lie you are telling yourself. I truly believe that we hold the ability to manifest money through our thoughts. And if you’re telling yourself that your situation will never improve, then that’s exactly what will happen.
That’s why it’s important to take inventory of your thoughts, and think about what triggers you. If you are able to identify those thoughts and fears, then you can quiet them. If you really want to create change, you’ll need to squash any beliefs that do not align with your goal.
I know this is true, because I've experienced it first-hand. I grew up with hearing limiting beliefs that influenced my reality. My parents repeated phrases like, "money doesn't grow on trees," and I believed them. I eventually found myself in dire financial decisions because I lived with this paralyzing fear of money. It wasn't until I began to change my thoughts and my mindset that things improved for me.
In order to begin changing your circumstances and creating wealth, you have to start changing your thoughts. Believe that you deserve wealth, know that you can have financial freedom, and start envisioning it.
If you need a jumping off point, start by downloading my Freedom Cheat Sheet. It's a free PDF I've designed to help you take a realistic look at your finances, and how rental real estate can help you reach your goals. Once you've calculated your Freedom Number, I want you to envision yourself reaching that goal.