Wealthful Wednesday Tips:

Your health – Always consider your health carefully in your wealth creation. You cannot create when you are not healthy, and you also do not want to be sick once you have created your fortune. A balanced diet, some good exercise, sufficient sleep, getting sunshine, keeping groomed, and so on all lend themselves to being healthy. Include your healthy living plans within your wealth creation strategy.

Do not idle– If you are not working at growing your net worth, then it may idle out. Be productive in everything you do, your career, your investment choices, researching your advisor, educating yourself, and so on. Every waking hour can be strategically invested into wealth creation. On the other hand, do not discount that entertainment and leisure is a necessary investment of your time – we all need downtime to recharge our batteries or get gas in our tank.

Accumulation of wealth – There is no lottery ticket to instant wealth for most of us. Commit to a life of slow and steady wealth development. You may need to sacrifice the glitz and glamour to build things steadily. Some of the richest people in the world have accumulated wealth without flaunting it, including Warren Buffet.

Live your life fully – Many of us commit to building wealth over our lifetime, but we must balance this with living our lives fully. We don’t want to wake up when we are 60 with millions in the bank but having missed out on our active and mobile years. Enjoy your family, your job, good cooking, fine wine, vacations, purchases, and activity all through your life.

Lifelong commitment– Wealth creation must be a long-term commitment. Like a healthy diet, it must become something ingrained, rather than a flash in the pan. A well balanced and good tasting financial diet is where you want to be. Avoid a feast or famine diet as they typically are not sustainable. Financial wealth creation can start when you are 5 and follow through to retirement and death. You will want to invest and build wealth for the long term. This does not imply making an investment and hoping it will grow miraculously on its own. Like a home, car, your kids, or pets, you need to care for your investments, measure them, feed them, adjust them and more.