081 - MILLIONAIRE SECRETS | 6 Tips To Become Wealthy [PART 2 - Make Smart Choices About Big Financial Decisions]
In this episode of the Mind Money Soul podcast, I’m going to be sharing how to reach financial freedom by making smart choices.
Welcome back to part 2 of the 'how to become wealthy' series where I’m spilling the secrets of millionaires and sharing the top 6 things they are doing to successfully manage and grow their money. In today’s episode I reveal something which is second nature to millionaires: making informed choices. In an ideal situation, you’ll take time to consider big financial decisions before you commit to them, rather than them being an afterthought. For example, when it comes to buying a property, have you properly run all the numbers? Tune in to learn the hidden costs, fees and risks associated with buying a house and the factors that you might not be considering which may lead you to become financially crippled.
The bottom line is, just because you have the money, doesn’t mean you should spend it. It’s common to get so excited by the prospect of what you're buying that you forget to plan ahead and consider all the potential things that could be a financial nightmare in the future. You never know when your financial situation could change, so be mindful, take your time and make educated choices.
In this episode:
Hidden costs and fees to consider when buying a property
Buying a house vs. considering your lifestyle and future goals
How to work out if renting is the best option for you
The biggest financial mistake made when purchasing a car
The questions millionaires ask in order to make sensible decisions
The correlation between low financial wellbeing and poor mental health
How to create a buffer between your income and expenditure
Resources
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