102 - 3 Investing Mindsets To Successfully Build Wealth
In this episode of the Mind Money Soul podcast, I’m going to be sharing the 3 mindsets that you need to have to be a successful investor.
Your mindset is the foundation for everything you do in life. When it comes to building wealth, you won’t get very far without understanding, embodying and mastering the following mindsets; patience and consistency, embracing risk and adopting an abundance mindset. Patience and consistency are vital because the magic of compound interest depends on time. It’s simple, you can’t rush something that needs patience and strategy to grow. Embracing risk is crucial. No one ever got rich just from saving! Our mind is trying to protect us from the unknown and whilst it might feel like saving is providing you with financial stability, taking no risk at all can really limit building wealth and long term financial growth.
Adopting an abundance mindset quite literally has the power to transform your life. It’s about shifting your mindset to view investing as opportunity to create your dream life. People who are financially independent, build wealth and invest think about their long term goals, have mastered these 3 mindsets and put their money to work for them. So, if you want to begin thinking like an investor, become financial independent and achieve your big happy goals, tune in!
In this episode:
3 mindset shifts you need to become a successful investor
Why patience and consistency are the recipe for success
Why taking no risk is the biggest risk of all
The importance of building an abundance mindset
Why you lose time and money when you leave your money in savings
Resources
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