First off, understand that financial freedom is a mindset before it becomes a reality. It starts with the belief that you're not just earning to spend but to create a reservoir of wealth that outlives you. This means shifting your focus from immediate gratification to long-term vision. It's about making your money work for you, not the other way around.
To lay the groundwork for generational wealth, you need to be relentless. Success in building inheritance wealth doesn't come to those who wait for opportunities to fall into their lap. You have to be proactive, seeking out opportunities, and sometimes creating them where none seem to exist. This means educating yourself constantly, understanding the market, and being ready to pivot when necessary.
Debt is a wealth killer. While leveraging debt can be a powerful tool in wealth creation, unmanaged debt, especially consumer debt, is like chaining a boulder to your finances. You're not going anywhere fast with that holding you back. So, prioritize getting out of bad debt and then use good debt strategically to amplify your wealth-building efforts.
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