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Managing money efficiently can, to a large extent, seem like a numbers game.
You must earn a certain amount of income to cover all your expenses. If your income doesn’t increase, try subtracting it from your expenses. And don’t forget to set aside a percentage for retirement and other goals.
But truly becoming a financial guru requires more than just understanding math.
“It’s time to look back at the numbers, the measurable things in our lives that determine whether we succeed or fail,” said Accredited Financial Advisor and Founder Kumiko Love. budget mom.
In her new book, “My Money My Way” Love shares the importance of seeking financial success rather than just focusing on numbers. Financial success includes being clear about your goals, having confidence in your financial decisions, and operating in a financially stable place, she said.
mentality change
In the process of achieving financial success, it’s important to get rid of negative thoughts about how to manage your money.
“We have to be aware of that when we speak ill of ourselves,” Love said. “We talk and talk about ourselves in ways we wouldn’t talk to friends or even acquaintances. We really let ourselves down.”
Instead of starting with a scarcity mindset — you don’t think you’re good enough — train your brain to adopt an abundance mindset.
“I am a firm believer that anyone – regardless of their income or financial situation – can find financial fulfillment where they are now,”…
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