New to the Live Richer Challenge: Net Worth Edition? Learn more about it HERE.
Missed yesterday’s Challenge task? Catch-up then come back…
Day 1: HERE: What does net worth mean?
Week 1: A Wealthy Mindset
Today’s Easy Financial Task: Learn how net worth and your spending habits relate to financial freedom.
How to rock this task:
- Find out how a positive net worth can have a HUGE impact on your life
- Watch a video on how your spending habits impact your net worth and wealth
Welcome to Day 2 of the LRC: Net Worth Edition
Today we’re talking about why it all matters.
What impact does net worth have on your life?
While having a high income is great, earning a lot of money means nothing if you don’t manage it well.
It's having a high overall net worth that leads to financial freedom.
The idea of financial freedom is being able to do whatever you want to do without having money hold you back. Financial freedom can mean:
- Retiring early
- Travelling multiple times a year
- Going out to eat without worrying that you’ll spend your very last dollar
- Saving a sizeable college fund for your children
Some view financial freedom as a “pie in the sky.” Something that sounds great, but is unattainable.
I’m happy to let you that’s not the case!
You can make sacrifices right now to achieve financial freedom sooner than later.
To take this point home, I’m coming to you through video!
Take a moment to watch the video below.
- How making sacrifices by curbing spending can lead to wealth
- The difference between being able to pay for something and truly affording it
- How increasing my net worth has helped me achieve financial freedom
Watch a Video: Paying for it vs. Affording it
Mentioned in the Video: The Live Richer Academy: JoinLRA.com
After watching the video comment below with one thing that resonates with you!
Do you have a friend, co-worker, relative, aunt, or cousin who will find this video useful or motivating?
Share it with them!
Be sure to also share what you learned today with your accountability partner(s). Make sure they (like you) are keeping up with each task.
Before you leave, tweet what you learned today with your tweeps:I'm learning that just because I can pay for it, doesn’t mean I can afford it. Day 2: #LiveRicherChallenge #LRCnetworth Click To Tweet
You can reach out to me here:
Facebook: The Budgetnista
Private Forum: Dream Catchers : LIVE RICHER
P.S. Don’t forget to get your free Live Richer Challenge: Net Worth Edition Starter Kit. GET IT HERE.
P.P.S. Here’s a copy of the Challenge Calendar. It’s a fun way to keep track of your progress.
Want to work through the Live Richer Challenge: Net Worth Edition in a workbook? It's part of a bestselling series!
Click the link below and get your copy.