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by Lalaine Ladores
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Financial habits are powerful things, they can help us to either grow or dwindle away our wealth.

Mastering your money can come down to establishing a few smart habits.

So here are 4 things you need to start doing if you want to grow your wealth:

  1. Tell yourself you DESERVE to be rich!

The wealthiest individuals believe that “success, fulfillment and happiness are the natural order of existence,” self-made millionaire Steve Siebold writes in his book “How Rich People Think.”

“This single belief drives the great ones to behave in ways that virtually guarantee their success.”

There are NO accidental millionaires… only self-made ones. And it all begins with a single thought:

“I deserve TO, need TO, and I AM rich!!!”

  1. Spend 30 minutes a day reading.

Rich people tend to read. They continue to teach and invest in themselves long after formal education is over. “Walk into a wealthy person’s home and one of the first things you’ll see is an extensive library of books they’ve used to educate themselves on how to become more successful,” Siebold writes.

If it works for the millionaires and billionaires, it could work for you.

  1. Reduce unnecessary expenses 

Bach coined the term “The Latte Factor,” the idea behind which is that eliminating your $5 daily latte could help you save quite a bit of money over time.

Start by determining your “latte factor,” cut back on that expense, and direct the money towards an investment account, the financial advisor suggests: “We all throw away too much of our hard-earned money on unnecessary ‘little’ expenditures without realizing how much they can add up to.”


  1. Invest Your Spare Change

Investing is one of the most effective ways to build wealth, and contrary to popular belief, you don’t need a lot of money to get started.

In fact, thanks to micro-investing apps such as RAIZ (Link:, you can start by simply investing your “spare change.” The app will round up your purchases to the nearest dollar and automatically put any spare change to work.

Other apps also aim to make investing simple and accessible, and automated investing services known as robo-advisors can work for you, no matter how much you have in the bank.

The key takeaway: Start investing sooner rather than later to take full advantage of compound interest.

As Bach explains, “the miracle of compounding can transform a relatively small but consistent amount of saving into major wealth.”

So, here’s the bottom line…

Growing wealth is not just about believing that you are going to be rich.

Yes, it starts with the thought, the belief. That’s when all your actions following that will have the necessary conviction; the power if you will, that will propel you forward.

Cut back on unnecessary expenses, leverage these extra savings, watch your existing money do the work for you and grow!

Let me know which part of your life you can cut expenses from 🙂

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