Let’s chat about how to make the transition to wealth. The reason I know this discussion is necessary is because the transition hasn’t been easy for me. If I’m being honest, it’s been an awkward transition at times. During the ‘debt payoff’ leg of my financial journey, I became accustomed to using all of my discretionary money to make extra student loan payments. It took a little over 5 years to pay off nearly $100,000 in student loan debt and weirdly enough I found myself a little lost after I made the final payment.
Was I happy to get that student loan monkey off my back? Absolutely? Was I prepared for the next phase of the financial journey? Not so much. If you find yourself struggling with transitioning from paycheck to paycheck mode to wealth-building mode, then this discussion is for you.
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The first step is to do MORE mindset work.
Next, create your own definition of wealth.
Transition from a consumerism mindset to an ownership mindset.
Set a BIG scary goal.
Start (or ramp up) investing.
Finally, protect the legacy.