Quantcast
RELATED

In 2020, it is no secret that we all want to secure the bag. In fact, when it came to tackling debt, saving money was one of the top resolutions that millennials made this year. But the truth is, only 8% of people that commit to a money resolution will keep it.

Why is it so hard to get our money together?

Achieving wealth is a mindset shift and the truth is that a lot of us are not willing to develop our mindset around money and success. We look at material things like finally affording the dream car or house, but through my own resolution to get out of debt, I've found that wealth is so much more than money.

This is why nearly one-third of lottery winners eventually declare bankruptcy. Even with more cash than they could every dream, studies have shown that having money doesn't necessarily make you happier or healthier. Being successful and taking care of your debt and money is much more than the currency. It's about being completely secure in your lifestyle and character.

If you are ready to attract wealth that will not only transform your bank account, but your life, here are seven suggestions on where to start:

1.Quit The Procrastination

Image by Getty Images

Don't believe the lie that "someday" you will try to start your goal of taking care of debt and money issues. Procrastination is often our little way of avoiding change or difficulty. In fact, studies show that people procrastinate because of the fear of failure and addiction to complacency. When you feel yourself sinking into procrastination, take a moment to get to the root of your delay. People of wealth are also people who have mastered the art of taking action.

2.Master The Management

Image by Giphy

There is a quote by basketball coach John Wooden: "Big things are accomplished when we master the little things." It's time to stop stressing out over the massive mountains and start in small, digestible steps. When it comes to money, large amounts of debt can be overwhelming. But as you continue to develop discipline and stay committed to your money goals, it is inevitable that you will begin to attract even bigger opportunities.

3.Commit To Education

Image by Shutterstock

A lot of times people stay in debt because they simply don't know where to begin. To level up wealth in your life, commit every day to learning. When you observe wealthy people, they are always seeking knowledge to expand their minds or spark ideas. For my own debt-free journey, I researched tons of articles, podcasts, books and YouTube videos on debt. The more I read (our article "10 Personal Finance Books Every Woman Needs In Her Life" is a great place to start), the more my confidence started to grow in understanding difficult subjects like retirement, credit cards, and investing. Seek knowledge always and you will begin to see a shift in the way you handle money and even the unexpected happenings of life.

4.Create Your Vision

Image by Giphy

What could you do or become if you didn't have debt in your life? The Bible says, "Where there is no vision, the people perish." When you have no amazing reason to get out of debt and seek knowledge, it's extremely hard to stay focused and inspired. Whether it's creating a vision board or putting your dreams on your mirror, continuously remind yourself that your goal is always for something bigger than the struggle right now. You are not only trying to build wealth for yourself but generations to come. Remain committed to the big picture and read it daily to remember.

5.Evaluate Your Circles

Image by Giphy

Have you ever noticed that a lot of our favorite celebs or influencers all seem to know each other? I believe that you are who you hang with and sometimes we allow people into our life that will shoot down our goals or distract us from our true callings and purpose. A part of wealth building is being influenced by people who share the same values and goals with you. These are your ride or dies, the ones who you can trust with your vision.

If you surround yourself with friends who always want to spend money, gossip, shop or indulge excessively, or other bad habits, you will soon pick up the same patterns. Take some time to see who is really bringing you value into your life and slowly disengage with ones who aren't.

6.Defeat Your Indecision

Image by Giphy

From large life-changing goals to picking the right ice cream flavor, I am not fond of making a decision. I am often paralyzed by the fear of pursuing the wrong thing and that leaves me stuck, stagnant, and not growing. To walk in the victory of wealth, you must make a decision that paycheck to paycheck will no longer be your life. You will start to commit to things that align with your goals and leave everything and everyone behind that only distracts you from achieving them.

7.Choose Gratitude, Always

Image by Giphy

Tackling large amounts of debt can be overwhelming. When I started my own journey to eliminating debt and gaining wealth, I struggled with the frustration of not seeing the numbers move quickly enough. This showed up in other areas of my life like being annoyed at work or developing envy when I saw other people being successful.

To truly attract wealth in your life, you must be humbly grateful for your small beginnings.

Take some time to practice awareness of all the blessings you have in your life right now. This could be through journaling or volunteering with others in need. Operating out of a spirit of gratitude will invite more amazing experiences, wins, and people that will help you build a life you love.

Walking in wealth and abundance comes well before you receive the cash. It is a constant awareness of your actions and choices and is worth way more than material things. Commit to growing and learning and the level up will come knocking at your doorstep.

Want more stories like this? Sign up for our newsletter here and check out the related reads below:

Why Estate Planning Is The Secret To Building Generational Wealth

8 Ways To Effectively Reduce Or Eliminate Debt

According To The Budgetnista, The Secret To Becoming A Self-Made Millionaire Starts With One Seed

A 5-Step Guide To Getting Out Of Credit Card Debt

Featured image by Shutterstock

 

RELATED

 
ALSO ON XONECOLE
Melanie Fiona

Melanie Fiona is back! After taking a little more than a decade-long hiatus, she has officially made her return to music and blessed us with two singles, “Say Yes” and “I Choose You.” While both singles are very different from each other, they both reflect who she is today and the type of music she wants to make. In our conversation, the mom of two expressed what she learned during her time away.

“It's interesting, even when I said it is like coming back, I don't ever feel like I really left because I was always still performing. I've still been public. It's not like I went into being this recluse person or version of myself, but the thing that I really learned in this process is that I think things take time,” Melanie says in a xoNecole exclusive.

KEEP READINGShow less
What's New & Black AF On Netflix This December

There's something about snuggling up in your favorite blanket and watching a comfort show or movie on Netflix, and what better time to do just that than in December? As the weather outside gets cooler, staying in becomes more of the norm. Thus, Netflix and Chill is a go-to. Luckily, Netflix has released new Black films and series on their popular streaming platform.

KEEP READINGShow less
LATEST POSTS