In this episode of the Wealth Amplifier, George Antone breaks it down step by step, providing invaluable insights and strategies to help you navigate the world of wealth building.
The Power of Decision-Making:
The most important skill in wealth building is decision-making. Your financial future depends on the quality of the decisions you make today. By constantly improving your decision-making skills, you’ll pave the way to financial success.
Embrace the Present:
The first step in making better financial decisions is to understand that you must look forward, not backward.
It’s tempting to try predicting the future and work your way back from there. However, this backward-looking approach is not only impossible but often leads to miscalculations and unwelcome surprises many years down the road. The key takeaway here is to focus on your current situation and the facts you have at hand.
Knowledge is Power:
To make the best decisions, you need knowledge. Knowledge can come from various sources:
1. Wealth Principles:
Many investors make the mistake of making decisions about their investments without understanding the fundamental principles upon which the financial system is built. These principles aren’t strategies tied to specific assets. They’re foundational truths that guide you in making informed decisions about your financial journey.
2. Your Experience:
Learn from your past mistakes. They are valuable teachers on your financial journey.
3. Guidance:
Seek advice from experienced individuals or mentors who have already achieved success. We have a large community of coaches and mentors who have already guided clients in achieving their financial goals. Register for our upcoming training to find out if Fynanc is the right fit for you.
Create an Investment Framework:
One of the most critical pieces of advice is to build an investment framework. Think of it as an evolving checklist or document that encapsulates all your financial knowledge and experiences. This framework helps you make consistent, informed decisions over time. While it may sound complex, it’s essentially a tool to organize your financial wisdom for easy reference.
Embrace Mistakes:
Here’s the hard truth: Mistakes are an integral part of your financial journey. They are your best teachers, as George aptly puts it. Every stumble is an opportunity to learn and grow. So, don’t fear making mistakes; embrace them and use them to your advantage.
Start your learning journey with the Wealth Principles here:
