Month: September 2020

  • 10 Most Powerful Abundance Affirmations that work

    Abundance Affirmations are the most powerful tools to attract wealth and prosperity in your life. Get out of the scarcity mindset and tune in to the wealthy mindset by consistently repeating these affirmations daily. You got to say this with conviction and without a doubt.

    10 Most Powerful Abundance Affirmations that work

    I release all the blocks to attract abundance.

    The first and foremost thing is to release all the mental blocks you may have which deter attracting the abundance in your life. Once these blocks are released you will notice the inflow of money into your life easily. Releasing those blocks consciously and subconsciously is very important to clear the roadblocks to abundance.

    I am financially abundant & money comes to me easily.

    Many people have this belief that money is hard to make and that money doesn’t stay with them. Have an abundant money mindset and see how money gets attracted to you. You would notice that you are automatically meet the right people at the right time. Abundance affirmations are the best way to attract wealth.

    I am worthy of having more wealth.

    If you think you are worthy you certainly are because it’s all in the mind. Positive thoughts create actions and those actions will create wealth for you.

    I am financially free.

    Financial freedom gives you the ability to decide the life which you want to live on your own terms. You can choose to work or choose to devote your time for causes which you care about or travel or stay in the mountains. When your finances are sorted then major portion of your worries are sorted. Money cannot buy everything but buys most of the things that could make you happy.

    I am attracting endless abundance by keeping a gratitude mindset.

    Affirmations with a gratitude mindset have a multiplier effect. Gratitude acts as insurance for that abundance to continue. It works because when you express gratitude for what you already have then you attract more of those things. The law of attraction starts working at an accelerated speed.

    I earn a fortune in ethical, honest and helpful ways.

    Many people are conditioned to think that rich people are bad and they have all the vices. But actually, it’s not true, money brings the personality which you are. If you are generous then you would give more money to charity and if you are a miser then even when you have more money you would not be a spendthrift. So decondition your mind and say money is rooted in good and it brings a peaceful life. Honestly is the best policy.

    Money flows to me in abundance.

    The things which we consider important are the ones which we choose that stay in our lives. Money also deserves that importance for it to stay with you. Have that money mindset with these 10 powerful money affirmations that will pave a way for money in your life.

    I am grateful for the abundance that I have and the abundance on its way.

    We attract and manifest things in our life, our thoughts create the circumstances and we see them happening in our lives. This is true for attracting money too, have a positive money mindset and see the abundance flowing into your life, and the gratitude, makes that money stay in your life.

    I am ready to receive all the abundance, prosperity, and wealth which the universe is willing to bless me with it.

    When you affirm something, you ask from the universe and the universe makes sure that you get it. . When you feel low, unproductive and totally out of the place. Positive mindset and acceptance along with the affirmations, can lift you up.

    I am abundant in all areas of my life.

    Abundance in all areas of life means total bliss. Great relationships, good work, excellent health, and abundant inflow of money makes your life complete. Affirm for that blissful life.

    Ms Wise (financial Coach)

    Ms Wise is a financial coach. She is a content writer for a personal finance blog. She is a chartered accountant with 15+ years of experience in the financial services industry. She loves to share her experiences with money management and personal finance. She shares great tips on saving, investing, and spending money wisely which would assist you in achieving financial freedom.

    Download her 30-Day Effective Money Management Challenge With A Daily Planner Template Freebie to elevate your financial health.

    You can reach her via email mswise@beingfinancialsavvy.com

  • 30 Most popular Warren Buffet’s quotes about Investing

    Warren Buffet needs no introduction. Warren Edward Buffett, aged 90, is an American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway. Berkshire Hathaway’s fundamental strategy has been to identify valuable companies and then acquire increasingly large portions of them. Warren Buffett’s Letters to Berkshire Shareholders are read over the last 40 years, across the investing world since they assist in providing insights of Warren Buffet and his team for the investment strategies, stock ownership, value investing, company culture, etc. Warren Buffett is also known as “Oracle of Omaha”. He is one of the most successful and wealthy investors in the world. Let’s explore these 30 popular Warren Buffet’s quotes about investing, life, success, and much more. These will definitely assist you to gain loads of information and help you to devise your investment strategies which would help you to create wealth without taking a high risk.

    Warren Buffet
    Warren Buffett, CEO of Berkshire Hathaway
    30 MOST POPULAR wARREN BUFFETT'S QUOTES ON INVESTING
    30 MOST POPULAR WARREN BUFFETT’S QUOTES ON INVESTING

    “Rule No. 1: Never lose money. Rule No 2: Never forget Rule No. 1.”

    The first and the foremost rule for investing according to Warren Buffet is that you should never lose your money in investing and that we should never forget this, is the rule no. 2. Most people enter stock market and lose money for various reasons. It could be not knowing the businesses, expensive valuation, buying without research, penny stocks, etc. According to him, one can invest in low-cost index funds without taking the risk and still get good returns from that passive investing.

    “I will tell you the secret of getting rich on Wall Street. You try to be greedy when others are fearful, and try to be fearful when others are greedy.”

    The fundamental investment principle is to buy low and sell high. But people generally do the opposite and hence they lose money. If we follow this rule and invest when others are fearful and de-invest when others are entering the market at high valuations, then we can make huge profits.

    “Money is not everything. Make sure you earn a lot before speaking such nonsense.”

    Money isn’t important is the statement which you hear from people who don’t have it. Rich people always value money. When people love is more important than money, then its the wrong comparison they are making. Can you choose between your two kids? No right, so money and love do not stand at opposite sides. You can have both in your life, in abundance.

    “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.”

    The law of attraction and manifestation works. The beliefs which you hold, become part of your sub-conscience mind and they lead to making the choices. That’s why no matter how much financial knowledge you get, if your money blueprints or beliefs are limited, then you might end making wrong choices. Hence along with the financial knowledge, the belief that you would achieve success and prosperity would play a bigger role in making you rich.

    “If you don’t find a way to earn money while you sleep, then you will work until you die.”

    Passive income is necessary to reduce dependency on one primary of income like salary income or business income. The money saved, must bWell e invested appropriately to create passive investment income to begin with and then explore options to hustle based on your skillset.

    “If you cannot control your emotions, you cannot control your money.”

    Well, this statement however daunting is true, most of the time it matters of the heart that rules the head. We end up making investment decisions which we regret later. Having a high emotional quotient is very important to make sound financial decisions.

    “Price is what you pay, value is what you get.”

    When one is investing in the blue-chip company then the pricing factor should not be the primary aspect of decision making. If the company is providing value to the shareholders even if the price is expensive it doesn’t matter.

    “In the business world, the rear view mirror is always clearer that the windshield.”

    With hindsight, we would all do things differently.With hindsight, we would all do things differently. Experience is the best teacher, it teaches us valuable lessons through mistakes.

    “Never depend on single income, make investment to create second income.”

    This is so true in today’s times when jobs are uncertain and businesses are hit due to the Covid-19 lockdown situation. Some say the worst is yet to come. Let’s gear up to the challenges ahead by creating sufficient liquid funds and alternate sources of income to support our families in these tough times.

    “Do not save what is left after spending, but spend what is left after saving.”

    Pay yourself first and then to others. That’s called financial discipline. This step helps you to create huge investment corpus and helps to keep the lifestyle creeps at bay. It also helps to give frugally and mindfully which is the important trait of most of the self made billionaires in the world.

    “Rich comes from not knowing what you’re doing.”

    When you know things, there is comfort. When you don’t know things, then there is anxiety. Always know where your money goes. Whether it gets lost to make you broke or grows to make your life rich and comfortable. You must take steps to align your finances to help you get that peace of mind

    “The stock market is a device for transferring money from the impatient to patient.”

    Wealth accumulation takes time. Time demands patience. Patience demands perseverance and perseverance demands commitment. Commitment demands will power and will power demands focus. Focus demands determination and determination demands goal setting. So if your goal is wealth accumulation then practice the above traits.

    “Our favorite period for holding is forever.”

    Long term investment must be made with the money which you don’t require for decades. This is sure shot way to build capital and reduce taxes, as you do not churn your portfolio.

    “Diversification is a protection against ignorance. It makes little sense for those who know what they’re doing.”

    When you know the businesses and the investments are made in your circle of influence then it makes little sense to diversify. You can make huge bets on it nad take advantage of the growing company and heap the benefits.

    “Sound investing can make you very wealthy, if you’re not in too big a hurry.”

    Do not invest in penny stocks if you haven’t done your research well and it is within the circle of competence. There is euphoria in the market, as we just witnessed the best investing quarter (Apr-Jun 20) in the last 11 years for both Sensex and Nifty and due to which even penny stocks are running at 52 weeks high. But not all penny stocks are here to stay, only the brokers get rich from your trading. You lose on the transaction costs, brokerage, and taxes too which many don’t calculate. This could be very detrimental to your finances. Think twice about it.

    “The best investment you can make, is an investment in yourself. The more you learn, the more you’ll earn.”

    Invest in self, because who else would have best interests other than you yourself. Strive for excellence and success would be yours.
    Successful people are exceptionally wealthy.

    Warren Buffett, CEO of Berkshire Hathaway Inc.

    “Only invest in simple businesses’ that you understand.”

    When we invest in something which we do not understand, then we are not sure and we can make mistakes. We invest our hard-earned money to make a better fortune and not to lose it. Hence it’s important that we know and are 100% sure that we don’t put our money in businesses, stocks, financial products which we don’t understand. Have you invested in complex financial products and are wondering what when wrong. Don’t wonder be sure and invest and then sit tight.

    “The happiest people do not necessarily have the best things. They simply appreciate the things they have.”

    Life is making the best use of what you have. If you always keep chasing for what you want rather than taking some time to enjoy what you already have, then you might be unhappy. Choose happiness by being grateful for the things you have, then pull up the horses to follow your dreams. This is true for money also. No matter how much money you have. Enjoy it and be grateful and then aspire for more. Manage the money you already have to create the money mindset for creating more.

    “Decide a business is worth investing in because it will last, not because it’s doing well right now.”

    When the markets are soaring and everyone is talking about the tips to invest in stocks, do not buy on recommendations, study before investing, research well, and only invest in businesses you understand and do not get into momentum stocks.

    “Much success is attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.”

    The most successful investors are ones who buy thinking long term and just forget about it. Just by buying and holding blue chip companies like Apple, Facebook, Reliance, HDFC Bank, TCS, etc. for the next 10 years has the potential to give you handsome returns or if you are risk averse just invest in the index fund and continue holding it. Do not invest in stock market for speculation.

    “If a business does well, the stock market is bound to follow”

    The most successful investors are ones who buy thinking long term and just forget about it. Just by buying and holding blue chip companies like Reliance, HDFC Bank, TCS, etc. for the next 10 years has the potential to give you handsome returns or if you are risk averse just invest in the index fund and continue holding it. Do not invest in stock market for speculation.

    “Chains of habit are too light to be felt until they are too heavy to be broken”

    Chains of habits are too difficult to break, especially procrastination. It robs the time and we are left with nothing much on hand. Are you struggling to save atleast 10-15% of income per month or say to yourself that you will starting budgeting next month, or still thinking of reading a book on personal finance, then evaluate the habit of putting things to tomorrow and start today.

    “Someone’s sitting in the shade today because someone planted a tree a long time ago”

    That’s the power of compounding, just as a seed has a potential of growing into fruit bearing tree, which csn be enjoyed for generations, similarly long term systemic investments can lead to generational wealth. Think about it.

    “The difference between successful and really successful people, is that really successful people almost say no to almost everything.”

    Really successful people know that the resources are limited, especially time, and hence they value their time, and say almost no to everything.

    “The most important quality of an investor is temperament not intellect”

    The retail psychology is that buy when the market is up and sell when the market is tanking. Actually the reverse i. e. Buy when the market is low and sell when the market is on all-time high, makes you more money, and helps you accumulate wealth. Separate yourself from the tribe mentality and get the right temperament. The best time to make an investment is now.

    “The investment in knowledge pays the best interest.”

    Invest in learning and learn to make your own investment decisions, without the help or tips of friends, relatives, sales agent, advisors, brokers, media, print, etc. Be self-reliant.

    “It’s better to hang out with people who are better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”

    It’s said that you are the average of the top 5 people you interact with or spend the most time. Couldn’t agree more with this quote. Up the curve. Get more from life.

    “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.

    Opportunities once identified should be seized in. When the stock market is bleeding in red, that’s the time to put your money into good quality stocks which are fundamentally strong and in the businesses you understand and reap the profits when the tide turns its way.

    Hope you enjoyed reading this, let me know in the comments what you you think about this. Hit the subscribe button to read more of such articles.

    Ms Wise (financial Coach)

    Ms Wise is a financial coach. She is a content writer for a personal finance blog. She is a chartered accountant with 15+ years of experience in the financial services industry. She loves to share her experiences with money management and personal finance. She shares great tips on saving, investing, and spending money wisely which would assist you in achieving financial freedom.

    Download her 30-Day Effective Money Management Challenge With A Daily Planner Template Freebie to elevate your financial health.

    You can reach her via email mswise@beingfinancialsavvy.com

  • 10 Powerful Money affirmations

    Have you ever tried doing affirmations. They actually work. 

    Try out yourself to believe it. They are the best way to attract wealth. Affirmations with a gratitude mindset will create a multiplier effect. They are instrumental in receiving abundance in your life.  Try out these 10 Powerful Money Affirmations everyday to create a positive money mindset and attract wealth in your life. Never ever live paycheck to paycheck. Release your financial worries. Elevate your financial health.

     

     

     

    Why Affirmations are powerful?

    Money affirmations work because when you say it in your mind and create a positive thought about money, your thoughts sink in and you subconsciously attract the people and do the necessary actions to make it work. Money affirmations change your money mindset. It transforms from a scarcity mindset to a wealth creation mindset. They help to let go of your limiting beliefs and believe you can have abundance in every aspect of your life, including money. The things which you consider important are the ones which you choose that stay in our lives. Money also deserves that importance for it to stay with you. Have a money mindset. Practice this and in no time receive a fat credit in your account. Make an affirmation that everything you ever spend comes back to you multiplied. You are the owner and money listens to you.

    Money affirmations for everyday

    1. I am a money magnet
    2. I will receive a big amount of money this month
    3. I always have more than enough money for all that I ever need or desire
    4. Every penny that I spend comes back to me multiplied.
    5. Everyday in every way, I receive more & more money.
    6. I love money and money loves me.
    7. I am attracting all the money I need to live my life to the fullest.
    8. My bank account is overflowing with money.
    9. Money is rooted in good and leads to a peaceful life.
    10. Money and spirituality can co-exist.

    Suggested Readings for creating money mindset

    The law of attraction works. Have you read the worldwide bestseller book ‘The Secret‘ by Rhonda Byrne. The book “Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth” by T. Harv. Eker. 

    You can hear it on audible too for free, because listening is the new reading. 

    If you are not into hearing books yet, then read it on Kindle which is easily available on Amazon site using this link.