7 Steps to Financial Abundance by Adam Khoo
1. Adopt the millionaire mindset
- Millionaire think very differently and that is why they take different actions and product vastly different results
- Remove the "P" word from life and treat is as a challenge
2. Set Clear Financial Goals
- Unless you have specific figure to focus on you will never be able to develop a strategy to achieve it
3. Create a financial plan
- Goals by themselves are nothing but pipe dreams
- Only when you create a plan, you may make goal a possibility
- Determine
- Progressive Payment to invest
- Rate of Return
4. Massively increase your income
- Do not feel disheartened looking at financial plan
- Learn to increase your income instead
5. Manage your money and reduce your expenses
6. Grow your money at millionaire return
- Through power of compounding you will be able to take small sums of money and build into huge returns over time
- Risk Management
7. Protect your fortune
- Engage professionals like insurance advisors, lawyers, accountants to help them build a financial fortress
- Protect wealth from potential creditors, plaintiffs looking to sue and gov