Money Mindset Makeover: Setting Yourself Up for Financial Freedom in 2023

As we start a new year, many of us are looking to create and accumulate wealth in our careers and businesses. However, having the right money mindset is crucial for achieving financial success. The good news is that wealth is first created in the mind, and by adjusting our frame of mind, we can achieve the financial freedom we desire.

One way to do this is to adopt an attitude of gratitude. Take the time to appreciate the intangibles in your life, like your health and skills, as well as the wealth you already have. This will help you to leverage those things to your advantage.

Another important aspect of wealth creation is having savings and investing culture. According to research, only 12% of the population has an established savings culture. To create wealth, we must nurture the attitude of saving and investing. A good rule of thumb is to use 50% of your income on needs, save 20%, and use 30% for luxuries.

In addition, it's important to learn the art of taking calculated risks. Wealthy individuals are not afraid to take risks, but they weigh the risk versus the reward before making a decision. As billionaire Mark Cuban says, you only need to be right once.

Finally, be mindful of your time management. Time is money, and instead of spending hours watching TV or playing video games, use your time and creativity to learn about ways to maximize your money through investing. Consider learning a new skill in 2023, one that can help you to grow your income and increase your wealth.

By developing the right money mindset, we can all achieve the financial freedom we desire.