Essential habits to financial freedom

   Unless one have firm foundation and attitude towards wealth management, one is unlikely to achieve financial freedom and sustain it for long. Key word here is long-term, sustainable wealth building and preservation. After all, we've so often seen people achieving meteoric rise in wealth only to lose them all in no time. Think of Mike Tyson & Michael Jackson. Both were multi millionaires but blew their wealth away. I'm sure you can give a few real life example of people you personally know in the same situation. I call them the "easy come, easy go" people.

Many self-help book will only concentrate on trying to psycho your mind to think big and bold. While it's not wrong, they are certainly shallow and lacking a very fundamental ingredient to financial freedom. If you don't cultivate the right mind set, no matter how much you earn, you'll blow them away easily. I'll take a different approach in coaching my students and begin with shaping their attitude towards money. Once they have understood and fully appreciated its importance, they are ready for the next lesson. This will take a longer time than the normal but worth every second spent. Grass grow and wilt in a matter of months. Oak tree spend years as a dormant seed, only to emerge much later to grow into a mighty tree.

Without a strong foundation, financial freedom will come and pass you by easily. But, once you're prepared, you'll preserve it for generations to come. I'll begin my sharing on cultivating the right attitude towards wealth management. Stay tune for the step-by-step guide in the next posting.