You’ve probably been told during your life that having a mentor is beneficial in achieving your goals.

You might not also realise, but a mentor can be crucial in helping you achieve your financial wealth goals and peace of mind.

What if we told you that having a mentor will guarantee your future wealth… And not having a mentor will guarantee you a life less fulfilled.

Seriously… even Warren Buffet has a mentor.

There are many benefits of having a mentor. These include exposure to fresh perspectives, ideas & approaches, developing your skill set and having an opportunity to reflect on your own goals and practices.

With the help from self-help guru and mentor Dr John Demartini, we give you five top tips to help with building your wealth.


1. Your Net Worth is Correlated to Your Self-Worth

When someone tells you “to believe in yourself”, you’re probably thinking that this quote is way too cheesy. However, there is so much truth to it.

If you don’t believe in yourself, how are you going to make positive financial decisions in your life?

If you are not sure how you can increase your self confidence so you can achieve that financial success, Reach Out Australia have some fantastic tips that can help you change your mindset: http://au.reachout.com/what-is-a-mindset


2. Be Cutthroat in Your Savings Habits

If you’ve been reading our blogs, you’ve probably noticed that we mention this quite a bit.

You need to be strict about how much money you are putting away in your savings account.

According to ME Bank’s Financial Comfort Report, two in three Australian households (63%) are somewhat or very comfortable with meeting monthly expenses, yet 52 per cent say that they have nothing more to spend.

Dr Demanti says, “make saving something you don’t have to emotionalize over, it’s electronically done.”

We suggest getting into the habit of regularly putting money aside. The more you get into this habit, the easier it will be able to save in the future


3. Set Realistic Goals That You Value

You might not be achieving your money goals simply because you have set yourself goals that are too unrealistic.

“If you don’t value wealth building, the probability of it occurring on financial matters is not very high. There are some people who work their whole lives and have no money to show for it because they have a higher value on spending it on depreciable items than on savings.”

The Australian Securities and Investments Commissions states that to achieve your wealth increasing goals, set yourself a clear savings plan, regularly review your progress and have a specific time frame for you to meet. You can find more information on this by clicking on the following link: https://www.moneysmart.gov.au/managing-your-money/saving


4. Find a Way to Serve Others

Think about how you can build your success upon a product or service that is a sure way of guaranteeing a continuous income.

For example, Leanne Faulkiner, the founder of a consultancy business called Fortitude at Work, advocates for greater mental health resources for small business owners.

She says that having a mental breakdown, which resulted in her first business ending, influenced her in wanting to help other small business owners.

“There is not a lot out there for small business owners who go through tough times,” Miss Faulkiner says.

“There’s a lot of resources for employees, but not for small businesses.”

It’s a lot easier to find that burning desire when you are passionate about something.

Our Managing Director, Tim Guest found his passion in helping people achieve financial success.

What’s you passion?

 

5. Intimidation is a reflection of your internal conversation with yourself

Although it is great to have people to strive to be like, be careful not to feel too intimidated by these people.

Intimidation could mean that you don’t feel you can approach someone for advice or that you don’t live up to someone’s expectations.

If intimidation is getting in your way, get yourself into a mindset that how you see yourself and what you are capable of, directly reflects on how you succeed and how others see you as well.

Dr Demartini says that it is a good idea to think that you and that person you strive to be like are on the same level.

“If they’re ‘out of our league’, we are minimizing ourselves and exaggerating them, ” Dr Demartini says.

“ You need to know what you have to offer, what their needs are, and establish yourself as an equal in your mind.”

 

If you are looking for a mentor to help build your wealth, then we would genuinely appreciate an opportunity to speak with you. Then first thing to do is to book a Financial Health Check with one of our Client Managers. These are valued at $220 and we would like to offer it to you, today, at no cost. But you must take action now. Click here to take advantage of this offer.