guys you're going to lose some things on your financial Journey you're going to have to say goodbye to some stuff now in this video I want to give you seven things that you will definitely lose as you begin to build wealth and you get on this financial Journey the truth is that Building Wealth and growing financially and getting more money making more money having more money investing more money it's going to cost you some things and it's going to change different aspects of your life so let's talk about these seven things okay the first thing
that is definitely going to change as you start building wealth and having more money is friendships and the Social Circles that you're going to be around that's going to change guarantee you as your priorities grow and change and shift you're going to just simply outgrow certain friendships that you have you may have had for all of your life a lot of times your friends are rooted in how you spend money and the decisions that you make the choices you make the places you go right all those things can be tied to your money and your
friends and when you change your circle changes there's some values that certain friends have about money and life that you no longer have that you went a different direction so if that's happened to you in the past it's going to happen to you again when you start changing your financial situation because there are friends that you have today that don't understand where you're trying to go and there's friends and family that you have today that will not support you where you're trying to go so you're going to find yourself naturally beginning to distance yourself from
certain people certain Social Circles as you begin to build wealth and grow with money and go a different direction now the second thing that you're going to lose when you start to build wealth and you get on this journey called Financial Freedom is you're going to lose some free time you know that time for leisure and relaxation you're going to lose a little bit of that because you just can't kick it and hang out as much when you're trying to build wealth right because a lot of times hanging out costs money listen you don't build
wealth by being lazy right lazy and wealth building just don't go in the same sentence when you have a commitment to Building Wealth or getting on a financial Journey it's going to cost you some time dedicated to it and focused on it right longer hours on the job longer hours on the side hustle or side gig more time on business more time reading and learning and all that leaves less time for chill and Netflix less time for kicking it or less time for hanging out especially in the early stages of when you're trying to get
this thing going and you're trying to go in a New Direction on this financial Journey anything that's not contributing to your goals in life or with money you got to let it go now the third thing that's definitely going to change as you get on this journey to Financial Freedom is is your comfort zone is going to shift those comfortable familiar routines that you have those things are going to take a big shift because wealth building it requires you to get outside of your comfort zone wealth building requires you to take some risk do some
things different and break free from the routines that you've always been involved with right so you're going to be adapting new habits like tracking your finances doing budgets looking at your net worth statement checking out your Investments you know your ETFs your index funds your stock portfolio maybe researching and understanding and learning how to invest in real estate right those things are going to cause you to sort of step out on a limb a limb that you may have never been on before but you're going to have to get out of this comfort zone that
makes you feel good all the time and take some calculated risk take some educated risk right because if you just do what you've always done you're going to get what you've always got which takes me to number four the fourth thing that you're going to lose on this financial journey is your fear of Financial Risk you're going to lose it as you accumulate wealth or grow money you're going to lose some of the fears around Financial Risk why because just like I said with your comfort zone you're going to be stepping out on a limb
and doing things different that's going to require courage and you may not have had to stretch yourself in terms of Courage with your money ever but as you begin to grow wealth and get on this financial Journey you got to have some courage because you're going to be going into Uncharted Territory with money you're going to have a whole new set of decisions that you have to make do I put in 4% towards my 401k at my job or do I put in 15% do I get a 30-year mortgage when I buy the house or
do I get a 15-year or 10year mortgage when I buy the house should I actually finance that car or should I not finance that car what ETFs should I be in investing in or what single stocks do I need to be looking at and re these are all things that cause you to get rid of fear in order to go to this next level with money and so you're going to have to get used to having Financial courage to do some things differently and take some risk now that doesn't mean you're going to be Reckless
and you'll be out here gambling your money away I'm not saying that but you're going to grow and feel better about taking calculated risk that allow you to face fears and have some courage to do some things different hey guys if you're getting value from this information do me a favor and share the link to this video with someone you know someone you think could use this valuable information about money and don't forget to smash the like button below for me also if you're a first-time visitor please consider subscribing to my channel as well now
let's get back to the video now the fifth thing that you're going to lose is the need for these immediate rewards you know like you got to have it right now right you got to you're going to have to lose that third grade mentality when it comes to money and Building Wealth you're going to have to gain some patience the ability to delay gratification and not focus on short-term Pleasures with money and start focusing on down the road with money so this need to have it right now when you want it is going to go
away when you gain Financial patience and financial maturity this whole got to have it right now mentality you lose it now the sixth thing you're going to lose is you're going to lose your pride Building Wealth has a way of humbling people why because listen there's a lot of mistakes that you're going to make along the way there's things you're going to do that you wish you hadn't done or you wish you should have did thinking that you know everything about money and about wealth and about making good money decisions look you don't have all
the answers you're going to lose that pride and you'll lose the pride of thinking that if you just ignore something long enough it'll go away every single thing that you ignore financially comes back to talk to you down the road later on right humility is growth so if you're going to grow your money you're going to grow your humility at the same time the pride of not wanting to deal with certain areas that you're weak in financially the pride of thinking that you know everything and nobody can tell you anything those things go away because
you got to learn if you're going to build money and you're starting say this thing from scratch or even if you're not starting from scratch you're doing something different you got you got to learn and that's going to cause you to lose your pride as you humble yourself now the seven thing that you're going to lose when you start Building Wealth is self-doubt and these limited beliefs so on this financial Journey you're going to lose the limited belief around money you're going to lose the limited beliefs around success and you're definitely going to lose the
limited belief around your own abilities and capabilities because as you start your financial Journey and you start making some gains and you start making some things go right for you in terms of money you're going to lose that limited belief that you can't do it because you're going to start doing it as you grow wealthier with money and you start seeing this money pile up $60,000 $80,000 $120,000 in your 401k or in your brokerage account and you have 105 $20,000 set aside in a savings account a high yield savings account somewhere that's success and success
breeds confidence success breeds self-belief right and as you get bigger and get better with money you're going to start thinking bigger and thinking better and thinking higher right your goals are going to get bigger and bigger look while this journey of wealth building requires sacrifices it also brings about lots of opportunities and lots of new relationships and a stronger sense of purpose and fulfillment for you but along the way you got to lose some things and you will will lose some things and the things that you lose on your financial Journey are far outweighed by
the things that you gain because you're going to become someone new and after all look the most important thing in the world is what are you becoming if you're becoming what you want to become all is well and when you're on this personal financial Journey it's a benefit to shed and drop off and lose and say goodby to some of these things so get ready hey if you got anything of value out of this quick video do me a a favor smash that like button for me also share the video with someone else who could
use some motivation some encouragement or even some inspiration the best person who's going to take care of the old you is the young you guys take good care of yourself and take care of other people until the next video peace
