Dear Black People, You Can Reach $1,000,000 Even If You Are Broke – HOW? INVESTING.
Can I invest if I am broke?
YES, you can, and YES, you should.
Do you remember when President Obama told us “Yes We Can”? The message was more significant than just voting for him. It was about the limitless possibilities of taking action with the right mindset.
Wait? How can I invest when I am struggling financially? What I SAY
YES, WE CAN…
Investing works best over time, so the more time you have to invest, the better your financial outcome will be. All because of the magic of Compound Interest multiplying and multiplying your money over the years. So, the sooner you invest, the better, even if you are broke.
For Example, if you started investing $12.64 every month for 30 years into Apple Stock, you could have $1,000,000 in investments 30 years later.
Yes, you read that right. Well, Apple Stock is an anomaly, but let’s say you picked the S&P 500 Mutual Fund Index; you would have to invest $238.18 every month for the next 30 years to reach $1,000,000, and that is still possible, even if you are broke.
Okay, let me explain; being broke is not only a financial status; it’s a mindset of not having enough. We must switch the mindset, to having more than enough, no matter the circumstances. What?
How can that be? When I am struggling to pay bills and money is tight. Your mind must shift to more than enough, and that will allow your actions to switch from fearful and hoarding to thankful and releasing. Once we open our minds on more than enough, guest what you will have? MORE THAN ENOUGH…
It won’t fall from the sky, but your mindset will open opportunities and give you a new view of your resources, leading to more money and limitless possibilities. Such as finding a higher-paying job, finding part-time work, starting a business, or using the money you have for a brighter financial future.
You will no longer fear failure because you know success never comes without loss – so, you will take more chances and reap more rewards.
When we are worried, our energy is in survival mode instead of abundance, and we behave accordingly. Fearing every move and not making any.
Okay, work with me if you are drowning in credit card debt; the abundance mindset goes into action. Action like calling up the credit card company letting them know your financial hardship, and they can lower your interest rate and payment, or you can consolidate your debt, or you can file for bankruptcy. Once your mindset is more than enough, your actions will ensure that happens.
When you are afraid, you go into a giant hole because you hide from the problem, and instead of getting better, it gets a lot worse. You avoid credit card debt, and it increases and makes your credit worse.
You will have to reduce expenses and habits, but your mindset will create that reality for you and your family over time, once you know “You have more than enough”.
3 WAYS TO HAVE AN ABUNDANT MINDSET
1- SPEAK IT OVER YOURSELF
“I HAVE MORE THAN ENOUGH, NOW & FOREVER.”
2- STOP SAYING
3- VISUALIZE & WRITE HOW YOU WANT YOUR ABUNDANT LIFE TO BE
It’s effortless if you work it.
You Can Be A MILLIONAIRE!
YES, YOU CAN…