The majority of people want to become rich. Whether it’s to take care of their family or to enjoy nice things, more moolah is the answer. But if you ever are going to achieve unshakable wealth, your financial awareness must be crystal clear. Answer these simple questions to test yours…
Fast Financial Awareness Checklist
Before we get into this quick quiz, I want you to keep a concept in mind…
MAKING DECISIONS FROM THE FUTURE AS OPPOSED TO THE PAST OR PRESENT.
Why am I bringing this to your attention? Well, it is because when you try to move forward with ideas from the past, you get stuck…
Old ideas, fears, and failures will hinder you from taking the risks necessary to grow. That includes financial freedom.
SO IF THE STEPS TO TURN THE ANSWERS TO THESE QUESTIONS FROM NO TO YES MAKE YOU UNCOMFORTABLE — GOOD.
Let’s get you out of your comfort zone and on your way to wealth…
Are you committed to financial awareness?
The first question here is about your commitment to being in control of your money…
And I think we can all agree that perception is key to making anything happen — let alone, get better.
This is the initial and easiest step towards financial literacy if you haven’t done it already. After all, thought is instantaneous.
Do you actually know your annual income?
As I just mentioned, awareness is key to improving any condition — especially financial. So, logically, it makes sense to start with an accurate total for how much you make.
I know what you’re thinking…
“Grant I know my salary.”
And, I’m sure you do. But, that’s not what I asked.
DO YOU KNOW EXACTLY HOW MUCH YOU BRING HOME AFTER TAXES AND APPLICABLE DEDUCTIONS?
Don’t feel bad if you don’t. Not many people do. That’s why accountants and financial advisors stay in business.
Nonetheless, I encourage you to take this matter into your own hands as much as possible. Answering the next question is a piece of that puzzle as well…
What is your cost of living?
Similar to what I asked above, you need to nail down what your expenses are per month. I’m talking about your base cost of living here — no frills included.
It’s the total cost of your:
- Rent or Mortgage
- Utilities
- Food
- Transportation and Gas
That’s it. Figuring this out brings up your financial awareness by showing you what is necessary and what’s not.
Crunch the numbers on this one and do it again as things change. I promise the results will be eye-opening.
Do you have a target for your income?
For sharp financial awareness, knowing where you are is not enough. You have to know where you want to go too…
Without having goals to increase your income in place, you are at the mercy of others. And I don’t know about you, but I want to be in control of my money.
According to a survey my company conducted, 82% of my audience makes less than $100K a year.
If that applies to you, I’ll hand you the first target of getting to $120,000. Because going for more than you think is the goal-setting method for achieving success.
But what do you do once you see the reality of your financial situation?
What to Do with Improved Financial Awareness
Ultimately, the entire purpose of financial awareness is to be able to assess where you need to take action.
INFORMATION IS WORTHLESS UNLESS YOU USE IT!
Your next step is to earn more revenue however works for you…
It can be as an intrapreneur…
Starting a new venture…
Or, by investing in cash-flowing assets.
Whatever it is, the next move is yours.
Take action and be great.
— Grant Cardone
Disclaimer: This content is intended to be used for educational and informational purposes only. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment or business decision. Investment, real estate, and business involve great risk and there is no guarantee of performance or results.We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of a financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.
