296: Listener Q: What’s My Next Step to Wealth?

Be Wealthy & Smart personal finance podcastLearn what the next step to wealth may be for you.

Good evening Linda!

I really appreciate your podcast as well as the giving of your time! I listen to it on the way home from teaching school and the podcasts that I miss, I listen to on the weekend. Sometimes I listen to your podcast more than once with my headphones on sitting at my desk during lunch. 

I make 41k a year. I have been training my mindset for 3-4 years. I want to get out of teaching and create wealth but I don’t know where to start. I journal daily and I have a positive mind set.

I basically want to have my own business and create wealth and financial freedom. As you know teaching school does not do that and it takes up 10 to 12 hours a day. Ugh!

The only thing I can think of is maybe a business like painting and decorating. I do not have a degree or education in it but I like doing this. Do you have other ideas?

Any suggestions will help.

Thank you, 
Nancy

Thank you Nancy (name changed to protect identity)!

I’m so glad you found the podcast.

As I read your letter, I couldn’t help but wonder how many other people feel the same way you do about their job and aspirations?

You want to get out of the rat race and do something that’s more enjoyable.

You want to not be chained to a job that’s a drag and you want financial freedom!

Let’s talk about your next steps or anyone’s next steps.

The Twin Pillars of Wealth are investing like billionaires and creating a luxury brand business.

The easiest for anyone to do is to get started investing.

I studied wealth building my whole life and determined this is how you go from not wealthy to wealthy.

Remember the 6 Steps to Wealth™:

1. Create a wealthy mindset
2. Save a nest egg
3. Find a mentor (knowledge source)
4. Invest in a money engine
5. Compound at a high rate
6. Protect your wealth

Working on mindset is continuous.

The next step for you is to save a nest egg for investing and also perhaps starting a business.

Listen to my podcast #293 about where to invest $300 to $500 if you’re just starting out.

Can get working on your business on the side.

I once started a side business as a jewelry wholesaler. I discovered it wasn’t at all what I wanted. I also took interior design classes. That wasn’t for me either. They are still
hobbies, but not my business.

Next step is to start saving so you can invest (preferably in an ETF). Simultaneously see if you can advance yourself toward interior design or painting (walls or portraits?) on
weekends.

It’s going to require hard work and dedication to do both, but the excitement of moving forward with your dreams should help you jump out of bed and be happy working on the weekends. If not, re-evaluate!

***************************************************

Have you heard?

I’m having a summer giveaway through the end of September…you could win:

Win 6 awesome prizes:

5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197)

                                 OR

1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67)

Here’s what you need to do:

1. Leave the “Be Wealthy & Smart” podcast a review on iTunes (or Stitcher Radio for Android).

2. “Like” my Facebook Fan page at http://facebook.com/lindapjonesfanpage
(if you’re on FB, if not, that’s ok).

3. “Follow” me on Twitter at http://twitter.com/lindapjones

4. “Follow” me on Instagram @LindaPJones

5. Send me an email @ lpjhome@gmail.com and let me know you did this!

(If you’re not on FB, TW or IG, that’s ok, just send me an email @lpjhome@gmail.com and let me know you left a review).

If you’ve already done all 4 above, great! Thank you! No need to do them again! Just email me @ lpjhome@gmail.com and let me know.

All names will be dropped in a hat and a drawing will be done in early October for winners! 

Financial freedom can be yours…

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