Life Changing Pieces of Financial Wealth Management AdviceGiving financial wealth management advice is pretty tricky. Almost all of the financial guru's out there have their own take on what to do with money. Some professionals say, invest it in stocks while others say real estate is the way to go. Other professionals think a 401k plan or savings is the ticket, and there are others who think that “spend it while you got it” is the right move. I can only give you my own personal experiences when it come to financial wealth management advice. How am I qualified to do this? Well, I've experienced both ends of the financial success ladder and I believe experience out weighs knowledge. Controlling your finances and having some kind of financial wealth management plan in place is critical to keep the flow of money and the accumulation of money constant. I started a Real Estate company back in 2004 (you can read about my experience here). The first year, year and half, I had great success. I ended up accumulating around $250,000 in assets and cash. However, in 2007 and 2008, I almost lost every single penny and went from a positive net worth to a negative balance. I could of blamed it on the Economy and the financial crash, but I knew that was not the reason. The reason was simple---I just wasn't a big enough person at that time to handle and maintain that type of financial wealth. Back then I was just in it for the money. I thought pursuing money would bring me more money and make me happy. Makes total sense right? Well, as you may suspect, that piece of financial wealth management advice was the wrong idea. To name a few things that I've done----I didn't respect money, meaning I just spent it when I received it. I didn't care to pay my bills on time and I didn't care to keep up-to-date balances. On top of that, I never saved my money, so I never had something to lean on in case my finances fell short one day. I learned a lot in 2007 and 2008. Thankfully, as my financial wealth and business came crashing down, I had enough awareness not to blame others and I took full responsibility for my circumstance. Since those hard times, I figured out what financial wealth management advice worked to help keep my finances in order and set-myself-up to receiving more. However, this plan took awhile to implement on a consistent basis. I think part of the reason was because it was such a new habit for me that it just took time to transit. Since my finances are climbing back up today, and I know that this financial wealth management advice works, I'm now going to share with you some financial wealth management advice that I've learned to use and that I know some multi-millionaires use. The first piece of financial wealth management advice is to practice the art of wise distribution. Most people, including myself, would receive money every month or bi-weekly and just deposit the money into their account. That approach will keep you in a state of wonder such as, “I just don't know where all my money goes too each month” A good recommendation I can make is to distribute your money to different accounts, so you start becoming the master of money. Here is what I know about mastering the art of debt to wealth when it comes to money. Money is the servant, my friends. However, 97% of the people in this world are ruled by money. Those people make money the master, while they become a servant to money. They do this by centering their lives around money. Some examples are---they work for money, can't do this because of money, can't go on that vacation because of money, can't afford to pay the bills because of money. When you start practicing the art of wise distribution, you put money in its place (servant) and you take hold of your financial life. Then, what you'll realize is that you've always had enough money all along; that you have always been provided exactly what you need when you need it. What I do and many other successful people do is always pay themselves first. Each time you receive money, pay yourself first by depositing that money into a savings or financial freedom account. I like to allocate 10% of any amount of money I receive into a savings, then another 10% of that sum of money into a financial freedom account (which I use for business expansion). Then, that leaves me 80% of that sum of money left for the rest of my debt to wealth plan. So, what do I do next? Well, it varies, but here is the rest of my financial management advice. Normally, I'll give 10% to a good cause that I believe in. Then, I'll allocate the remaining 70% to a necessities fund. Out of the necessities I pay my bills, food, and any luxuries that I have or want. Or, if I feel the need, I'll invest more money into my business. So here is a quick financial wealth management plan. This month you receive $2,000. So, you pay yourself first into a savings account with $200 (10%) and you also put $200 into a financial freedom account for that online business you want to start. Then, you decided to give $200 as seed money to a good cause. This leaves you with $1,400 in your necessities account. You could pay your bills, buy food, or buy something nice with that money. You don't have to spend it all and you could save more or give more, but I think you get the point of wise distribution. Use this debt to wealth plan at your discretion and tailor it to your needs. What happens if the amount of money you receive per month does not meet your house payments, bills, etc. First, I can understand, I've experienced that many times. Here's what I recommend you do. Let's say you owe $1,700 in debts per month, but your income fluctuates between $700 and $1,000 per month. The best financial wealth management advice I can give in this situation is to keep your honesty and integrity. Continue to pay yourself first because that's key to transforming your debt to wealth and to be in that “feel good” vibration to attract more money. Then, consider putting away enough money to take care of your needs----food, car payments, health, mortgage, and utilities. Finally, start paying every single creditor back. Even if it's a few dollars per month, still practice the habit of paying them back. How do you do this? Well, at this point you may be getting bombarded with credit collectors calling you non-stop, but there are a few things you can do.
You see, when I couldn't pay my bills I use to not pay back my creditors and leave my monthly obligations unfulfilled. However, that method kept me stuck. It made me feel horrible and I was living in fear. At that time, I wasn't living with integrity and my finances never seemed to grow. One day I came to a realization that me not paying back my creditors a single cent was sending a message to the Universe that “I couldn't afford anything.” So, I decided to change and try something different. I talked to my creditors or wrote them all letters and sent in some money, even if it was ten dollars. Afterward, I felt happy and honest, I knew that I could afford everything all along. I set the intention of paying them all back and did what I could to get some money in their pockets. I was now living with integrity and making a valiant effort to fulfill my debts. Anytime you question if you're doing the right thing, ask yourself, “What does this say about me?” I ask that question all the time and when that question came up on whether to pay my creditors back, the answer I got was that it was more honest to give them something rather than nothing, even if it was a few dollars. My friends, I can empathize with you if your in this “I can't afford it” mindset. This financial wealth management advice may seem ridiculous, but it works. Study this website and you will receive supporting information on the subject of debt to wealth. Start with the laws of the universe series to understand how and why things happen the way they do. O.K., back to what I was saying... Even if you can only send in a few bucks to your creditors, do it. The message you're sending is more important than the amount of money you send in. As time goes on, your finances will grow and you'll pay them all back and also have excess for yourself. When I started practicing this method, I felt good because I was living with integrity. I felt like I could afford anything and everything. Then, like magic, jobs started picking up for me and my finances started to climb. This result happened because of universal law, not luck. Probably the impacting law in play here is the law of cause and effect. You always receive what you put out to the world. Put into practice this financial wealth management advice. Practice the art of wise distribution and begin achieving the debt to wealth freedom you deserve.  
 
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