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How To Automate Our Wealth For More Growth?

How To Automate Our Wealth For More Growth?

One of the most important stages to financial independence is automating our investing.

Master Investor
January 02, 2025

Summary:

Beginning with our "why" can help us clarify our financial objectives.
We can relieve ourselves of the weight of minutiae by automating our investing.
Delay gratification to achieve financial freedom.
Acquire to pay for liabilities and any expenses.

Many people find that they have a lot of questions when they first start their journey to financial independence, the majority of them are related to the methods for reaching financial success.

We'll discuss three essential ideas for being wealthy in this blog:

Simplifying,
automation, and
concentrating on the basics.

It seems easy, doesn't it? Yes, it is! Blocking out all extraneous sounds and distractions is the goal. We can make rapid progress toward our financial objectives by concentrating on these fundamental ideas.

Easy money

Asking ourselves why we want to become financially independent is a good place to start. Money isn't the only consideration for many. It's about total freedom, security and independence from anything or anyone, particularly when life presents unforeseen obstacles.

The best thing a true investor can do is to continue to invest in financial education, and self development to improve daily. The next best thing is to stay active in the game of investing and hitting our financial goals. Then, we have to ensure that we have all the systems in place for each asset that we control so that it can run and grow on pure automation. We know that investing is having a plan. Many people do have a plan and that their main problem. We strive not to be an average investor by continuing to get the proper data from the right mentors and sources we have in our networks.

Our "why" is strong and unique. It can be vacation, family, or just the comfort that comes with having a stable income. Whatever it is, hold onto it as we go out on this adventure. Understanding our "why" provides us with the drive to persevere through difficult times.

Eliminating unnecessary things and concentrating on what really counts are key components of simplifying our financial life.

Invest automatically

Knowing the basics guarantees we are developing on a strong basis, and automation helps us stay on track without having to micromanage every dollar.

Let's now discuss practical ways to automate our riches. Transparency is the first step. We have to tell the truth about our financial condition. Consider it similar to a physical at the doctor's office: before we can get well, we must know where we stand. Here, budgeting is essential. It's not about eliminating all enjoyment. Rather, it's about knowing where our money is going so we may spend without feeling guilty. A budget helps us see where we are and where we want to go financially, much like a road map.

Setting financial objectives is a good idea if we are aware of our current situation. What do we hope to accomplish? We need a clear goal, whether it's to retire early or explore the world. Draw out where we want to start and where we want to finish. We must define our purpose(s) in life.

Figure our mission and have big enough WHYs that truly have meaning in our heart to be able to overcome obstacles and failures. It will help us create and leave a true brand when we have strong WHYs behind what we do. However, that is something we all must find within and by seeking knowledge that makes us feel alive and align.

We know what it is by listening to our intuition or gut. Spending time alone, writing our thoughts and ideas down, and creating a winning business plan will be important to embrace this wealthy habits that make all difference. We must reverse engineer our ideal scene. What do we want out of life? It is a question to give thought and shape along the way. By developing the skill to learn fast from reading the right information it will be critical too.

Next, establish a schedule and make a plan for getting there. Knowing our route makes the trip go more smoothly, just like when we plan a road trip. Setting definite objectives helps us track our development and provides us with something to strive for. Investing is having a plan, without a plan is not investing but gambling.

In this procedure, automation is our best friend. We relieve ourselves of stress by automating our investments, invoices, and debt repayments. Imagine being able to concentrate on the big picture while a system takes care of the details. What is a sound business? It is a system of systems doing the selling and telling for us on automation with targeted marketing solving a problem in high and widely demand.

Automation makes sure we keep on course even when life becomes hectic, and consistency is crucial. We can set it and forget it with automation, letting our financial plan function seamlessly in the background.

It takes more than just numbers to manage our finances. Emotions are also involved. When it comes to money, many people battle feelings of shame and guilt. It's critical to confront these emotions directly. Recognize the reasons behind our spending. Is it tension? Is it boredom? The first step to breaking these behaviors is realizing they exist. We may steer clear of typical mistakes and make better logical judgments if we comprehend the emotional aspect of money.

Understanding delayed pleasure is crucial to accumulating wealth.

It simply means choosing long-term benefits above short-term temptations. Consider this: would we prefer a candy bar right now or a whole candy store down the road? That's the attitude we ought to strive for. Making sacrifices now in order to reap larger gains later is known as delayed gratification. This characteristic is shared among millionaires. For every liability we want to have, we must first create or acquire a cash flowing asset that will cover all for the cost and expenses of such liability.

Basics of finance

Budgeting is one example of a useful tool that can have a profound impact. We can spend our money guilt-free when we have a budget because we know exactly where it is going. We can wander freely because we won't get lost, much as when we have a map in a new city. We can make sure we are saving enough to meet our objectives and allocate our resources effectively with the aid of a well-planned budget.

Although investing may seem difficult, it doesn't have to be. Let's dissect it. Accounts come in a variety of forms, including taxable brokerages and IRAs. Whether it's retirement savings or keeping cash on hand for unforeseen chances, everything has a function.

It is essential to diversify our investments. Avoid taking on too much at once! We can lower risk and improve our chances of success by distributing our investments over several asset classes.

Real estate and syndications are two examples of the different investment kinds that can be included in a diverse portfolio. Spreading our risk and improving your chances of a healthy return are the goals. Consider it similar to having multiple subjects in school; being good at more than one field can help us in the future. For instance, equities may have greater growth potential than real estate, but real estate might deliver consistent cash flow. Finding the ideal balance for our circumstances is crucial.

An interesting aspect of this trip is that saving and investing are done for reasons other than simply building wealth. The goal is to purchase cash-flowing assets with that money. These assets, such as dividend-paying stocks or rental properties, bring in money for us.

Remember there are five assets classes that we can investing in today.

Business
Real Estate
Crypto
Paper Assets
Commodities

Our rule number one in our community, is that we work to build passive income and multiple money in sound investing. Then, the positive cash flow and the capital gains income can either be utilized to sustain our lifestyle or reinvested to increase our wealth even further. It's similar like growing a money tree that bears fruit every year.

We want control over our assets. Control is more important than ownership. Now, we combine control and leverage, then we can quantum leap to true wealth which is also tax free because we will using as much as good debt as possible.

The global perspective cannot be disregarded. Although having faith in the American economy is admirable, it's a good idea to think about international assets as well. International diversification can create new opportunities and shield us from changes in the home market. We can capitalize on trends that aren't available domestically and tap into growth in emerging areas by searching outside of our country too.

What follows?

What occurs, then, once our financial objectives are met? Once you achieve a certain degree of riches, life doesn't end. Indeed, it creates new opportunities. We will be surrounded by people talking about projects and ideas that could actually make a difference. The opportunities that wealth generates are more important than money alone.

It enables us to live life on our terms, follow our passions, and change the world.

We will learn the value of purpose as we accumulate wealth. Financial success frequently follows when we concentrate on what really matters to us. Money may be a tremendous weapon for good. It is about what kind of people we are becoming that matters. The passion and energy we offer can result in amazing accomplishments, just like when we find a work we love. Having money allows us to live a fulfilling life, whether it means spending more time with loved ones or contributing to a cause that is important to us.

Keep in mind that there is more to this trip than just numbers. It's about creating the life we want and being able to live it freely.

We can automate our wealth and realize our financial goals if we have the correct attitude, winning business plan, and resources. We have to mental and emotion strength because we will need it to get through the obstacles. Being a wealthy entrepreneur and inside investor requires tremendous fortitude. Are we prepared to make the initial move? Become a member of our community at masterinvestor and let's continue this thrilling journey together!

Lastly but not least, the holy grail is to create passive income for nothing and tax free legally. That means we have recoup our initial capital invested back and we continue to collect passive income because we control the investment. That is also known as Infinite Return On Investment (money for nothing). We must be using debt, tax code and corporate law to minimize our taxes to zero.