Be true to you
No matter what, I’m a firm believer that in life you have to do what feels true and authentic to who you are. Maybe you got a few ideas here, maybe nothing seemed to fit. Either way, be honest, be helpful, and be passionate about your work. After all, that’s what minimalism is all about, right?
There is more than one way people get rich. Some invest in other companies, while others create a new product or just work hard in their career. The good news is that while everyone does it a little bit differently, there are some habits and patterns that most millionaires follow.
What is universal among the wealthy is how they treat and think about their money once they have earned it. Those who are wealthy have a wealth mindset that helps them make their money work for them.
There is a huge movement happening around the idea of no longer letting our possessions possess us and it’s amazing. As with most things, there are different “branches” of minimalism. One type is having a highly modern, chic, clean home design. The other kind, is where you clear all the clutter from your life that no longer serves you. It’s living with intention and purpose.
That’s my kind of minimalism. If you’re on the same page as me and just want to have more of the things in life that bring you joy, I want to share with you some different ways you can actually make money with minimalism. Easy ways that your passion could become a purpose. Let’s look at how.
What Do Rich People Do with Their Money?
The truly wealthy know that they have to manage their wealth if they want to keep their wealth. Millionaires don’t spend their millions on luxury items; they learn how to make their money work for them.
What do millionaires do with their money? They use it to generate more wealth with multiple streams of passive income.
Imagine getting three or four extra paychecks every month. How nice would that be? What could you do with that extra money, especially if you didn’t have to work an hour to earn it?
The wealthy have learned how to make this a reality with passive income. Passive or residual income is money you earn without directly putting in the work. Passive income can come in the form of owning a rental property, establishing an information product, or affiliate marketing, just to name a few. Just like there is no one way to make money, there are multiple ways the rich create passive forms of income.
START FOR THE SIMPLY ESSENTIAL WAY TO CREATE AWARENESS-
I learned in one of the most inspirational courses that changed my life– The millionaire Mind 3-day intensive weekend–
Not only gave me the basics to shift the money mindset but as well gave me the sight to understand how the Law of Attraction works–
Stick to a Budget
A money habit of millionaires is to live within your means. They know that the only way to become wealthy is to spend less than what they make.
Basically, using this system, you split your money up into six different accounts, and you have percentages of your money to put into each account. You can use bank accounts or actual jars.
So what are these jars and what percentage of your income goes into them?
Even if you are not close to earning your first million, you can use a JAR BUDGET to organize your money:
- 55% – Necessities (rent, food, electricity, bills)
- 10% – Long-term savings for spending (big purchases, vacations, rainy day fund)
- 10% – Play (spoiling yourself and family, leisurely expenses)
- 10% – Education (coaching, mentoring, books, courses)
- 10% – Financial Freedom (stocks, mutual funds, real estate)
- 5% – Give (charitable donations)
A key part of making your budget is giving up instant gratification. Rich people know that just because they want something doesn’t mean they get it right away. Getting a quick instant thrill from buying something new is not worth messing up your future finances.
It’s called the JARS money management system, by T. Harv Eker. This simple system changed completely my life.
Miracles do happen.
Decide right now: Are you going to get 6 jars and start managing your money today?
Declare your intentions to the universe that you are going to turn your finances around right now and let us know how it’s going.
Managing your money well is one of the key ways to truly becoming financially free. But there’s much more to learn…
Again, the habit is more important than the amount!