Dare to Change Life Coaching & Mentoring

Tag: how to manage money

Essential #7 for Creating Wealth and Success
Do you remember that in Essential #4 for creating Wealth and Success, I talked about the importance of feeling rich and living wealthy regardless of your current financial situation?

To feel rich and live wealthy, in addition to everything else that I shared with you earlier, you’ve got to take on the identity of a rich person! Start with thinking like a rich person and normalizing your new, wealthy reality and focus on experiences that confirm (to your own logical mind) that you already have wealth.

Make feeling wealthy your new NORMAL.

I encourage you to practice the following:
1. Develop Confident Decisiveness – train yourself to take bold decisive actions and be responsible for the outcome.
2. Be willing to take risk (calculated risk).
3. Don’t be afraid of failures – see them as Valuable Growth Lessons. “Failures” are the bricks to your road to success. Many people “failed” their way to riches.
4. Play to WIN, NOT not to lose (and be willing to leave the Good to welcome the Great).
Fortune favors the bold.

So, the Essential # 7 for Creating Wealth and Success is:

Be Willing to Take Risk.

You’ve got to be in a game and be OK with losing in order to learn and grow.Yes, you’ve got to PRACTICE taking decisive actions and be willing to take risk.

Not ‘gambling’ type of risk! Mindful risk.

And often this entails to be willing to leave the Good to welcome the Great.

Here’re some examples from my own life when I did exactly that:
- Invested in the stock market to raise money for the down-payment on our first house
- Left my marriage… left everything behind – the gorgeous house, the comfort of 2 incomes…and re-starting my NEW LIFE in a tiny apartment near my job.
- Left my well-paid and prestigious Wall Street career and went back to the Business School in my mid 40’s, then started my own investment company
- Started my wealth mentoring business, put myself out there to support other women on the journey to wealth and freedom. My remarkable life didn’t happen overnight. My CHOICES shaped me and my life’s trajectory.
And a few of these choices were risky. I was (for the most part) playing to WIN, NOT not to lose. I was scared… often.

Yet I was willing (and it was REALLY scary) to Leave the Good in order to Welcome the Great.

Obviously, different people have different tolerance for risk. Be aware of your risk tolerance, respect it yet see if you can stretch it a bit…and a bit more…and more.

Fortune favors the bold.

The suggestions offered here may feel like scary or crazy… Keep practicing them anyway.

Things will start shifting… your feelings will change, your energy will change….
You will start creating and experiencing forward-moving momentum.

Synchronizations and serendipitous experiences will be happening, you will start attracting good opportunities instead of repelling them.

Risk is embedded in any business or investing decisions.

Nothing is guaranteed in life (except taxes and death.)

BUT it doesn’t mean that you should stay away from any endeavors that involve risk, not at all!

Instead, you’ve got to:
- Become aware of your particular risk tolerance and;
- Take decisions that involve measured/mindful risk so that your possibility for success exceeds the possibility of loss
- Your loss will not put you into despair and make you lose sleep
- Develop courage and Be Willing to Leave the Good to Welcome the Great.
Comment below and tell me how this Essential #7 lands on you…. What resonated? What did not?

To your health wealth & Happiness

P.S. If you want to be part of a supportive community of the like-minded women, join us FREE here >>> Wealth Building for Powerful Women Community
November 2, 2018
How to Become Financially Independent: 4 Essentials of the Wealth Pathway
“How did you become financially independent?”

“How much money you had when you started?”

“How much time did it take you to build the income needed for being financially free?”

“How can I become financially free?”

These are good questions that I hear from people who know me enough to ask them.

And I totally understand the desire to know HOW… While money is not everything and it cannot buy you happiness, it helps to enjoy life, right? LOL

In this articles I want to cover the HOW questions. But first, let ME ask you a few questions…

…do you feel like you have to work hard for your money for the rest of your life?

…do you worry that you don’t do enough for your financial future?

…does the idea of becoming financially Independent seem like farfetched to you?

If you’ve answered YES to ANY of my questions – keep reading. Otherwise, stop and go for a walk, or make love, or dance, or whatever. LOL

Are you still here? Then let’s dive into the 4 Essentials of the Pathway to Wealth.

If you’ve read my books, or heard me speaking and teaching, you know that I always emphasize the Duality of Money and Wealth.

Since EVERYTHING IS ENERGY, so IS MONEY.

Money and Wealth have a certain energy vibration Frequency that YOU CAN ALIGN WITH.

When it happens, you FEEL BLISSFUL and BLESSED, PEACEFUL and LOVED. NATURALLY.

And you can literally rewire your brain to align with the frequency of wealth by training yourself using particular rituals and developing certain habits and attitudes. You can find this information in a few other articles here and here.

However, the information is not enough. You’ve got to apply it.

You’ve got to TRAIN YOUR MIND to ALLOW, to RECEIVE with EASE, to BE in the Frequency of Wealth naturally and continuously.

YES, your energy ALIGNMENT is super important. However, we also live in a physical, real world. And in the real world, you’ve got to know the tactical/practical aspects of creating wealth.

Just like when you travel and want to get from point A to point B, you likely want to have a map to your destination (or use your GPS), unless you know the terrain already. Would you agree?

I distilled the intricacies of the PATHWAY to WEALTH into 4 essential elements. Let’s briefly go over them.

4 Essentials of the Wealth Pathway
1. MAKE MONEY. You’ve got to offer VALUE. You’ve got to GIVE in order to GAIN. Your own alignment with higher energy vibration is very important here because it helps you become magnetic to your clients, prospective clients, hiring managers, etc.
Sources of income could be:
- Job
- Business
- Other sources of income
1. KEEP MONEY. You’ve got to control your in-coming and out-coming cash flow and keep some of your money so you can grow it. You have at least 3 levers to control your cash flow:
- Income
- Budget (or a certain pattern of Spending);
- Debt
1. GROW MONEY. Develop a strategic plan for growing your money. You can use LEVERAGE to grow your money by:
- Investing in the Stock Market
- Investing in Real Estate
- Investing in Private businesses
- Buying a franchise business
- Building your own business
- Other
1. MAKE MONEY WORK FOR YOU. You can design your Financial Independence by having multiple sources of passive income. That’s the financial setup when your money starts working for you. It’s not a question of IF but rather WHEN if you incorporate all the other essential elements.
ALL 4 essentials of the Wealth Pathway are very intertwine. You’ve got to attend to all of them in order to experience true Financial Freedom.

I hope that this simplified breakdown of the essential elements helps you see more clear how YOU too can get to Wealth and Financial Independence.

However, there is a catch here.

EVERYBODY WANTS TO HAVE WEALTH and FREEDOM BUT FEW ARE WILLING TO TRAIN TO HAVE IT.

If YOU are one of those few, let me share with you a MAP of TRAINING OPPORTUNITIES that cover one or several Wealth Pathway essentials.

These trainings are the VEHICLES designed to help you get to your desired destination faster and easier, with less setbacks and detours, and more fun.
1. VEHICLE 1: ACTIVATE EFFORTLESS WEALTH – 10-week online group mentoring program: you’ll to train your mind to ALLOW Wealth and to RECEIVE it with ease; you’ll change your relationship with money once and for all and you’ll release and heal old money (energy) blocks. This programs is valuable for your ESSENTIAL #1 – MAKE MONEY.
1. VEHICLE 2: YOUR POWER TO PROSPER – 3-day PRIVATE LIVE event: You’ll learn and practice the elements of the energetic framework for CREATING WEALTH. The private setting and a sanctuary environment is perfect for practicing Alignment and activating your inner Power to Prosper. This training is valuable for your ESSENTIAL #1 – MAKE MONEY.
1. VEHICLE 3: LASTING WEALTH ACADEMY – 4-month Wealth Building personal group mentoring training: You’ll uplevel your Wealth Mindset alignment, learn and practice Intentional Money Management (and calculate your Financial Freedom Number), then learn and apply strategic investing guidelines (e.g. the stock market and real estate investing), then…. Well, there is much more there. This program is valuable for your ESSENTIALS #2, #3, and #4.
So, now you’ve got the PATHWAY, the MAP and the VEHICLES to get to your desired DREAM LIFE and FREEDOM faster and easier.

And since YOU ARE the CEO of your life, you’ve got to DECIDE what is REALLY important to you and what is your COST OF WAITING to start your journey to FREEDOM and WEALTH.

To your Health, Wealth and Freedom!

Millen

P.S. This is the stuff I wish I had when I first started on my journey to Wealth and Freedom. Now I’m offering it to you. Frankly, I don’f know if it’s valuable to you or not… there are a lot of variables here. However, if you’re truly ready to step out of your old story and are committed to your goals – I am open to have a CONVERSATION and see if there is a fit.

Here’s the video I recorded about the 4 Essentials of the Wealth Pathway
July 18, 2018
4 Common Mistakes People Make When Managing Financial Priorities and How to Avoid Them
Do you want to be Financially Independent? Do you want to have more Freedom? More Choices? More Money?

OK, these are rhetorical questions…. Of course you do!

And what I’ve noticed is that there are two immediate mental reactions that most people have when they are asked these questions.

Some say: “It will not happen to me because __________ (e.g. “I’m broke”, “I’m not good with money”, “I don’t have a right profession / business”, “I’m single”, “Wealth makes people greedy”, “I don’t know how”.)

Others say: “What needs to happen so I have more Freedom, more Choices and more Money?” “What do I need to change? Learn? Do? How to Be?”

While having a nice income, or a rental property, or a portfolio of stocks is great, creating financial independence is waaaaay bigger than choosing the right stocks, buying properties, or making money at your job or in your business!

Financial Independence is about your way of being – taking choices that are congruent with your values and goals (financial and personal), having confidence and competence to manage your financial priorities so that the decisions you make get you closer and closer to your highest vision for life and work!

And it’s also about creating multiple streams of income by using your skills and passions (business), your money and knowledge (investing), other people’s money and resources (leverage) or all of the above in order to have the lifestyle you dream about.

There are many factors that play a role in how quickly you can become financially independent. And one of the most important factors is becoming really good at managing your financial priorities.

This one factor allows some people to live free of financial worries and anxiety while others to feel like they have to slave for money…for the rest of their life.

And this is true across different sociological and income groups!

So, what common mistakes people make when it comes to managing financial priorities? And how you can avoid these mistakes and get well on your way to financial independence?

Here’re some common mistakes that I’ve observed:
1. Lack of Awareness about Core Values.
When you’re not aware of what is REALLY important in your life, you act sporadically. You make yearly resolutions not to spend more money than you make, not to have more debt, not to buy more “stuff”….

BUT then you get off track when you see a new shiny object like a designer dress or an exotic vacation offer, or _______ and you get your credit card out of your wallet and… get into debt again!

Be clear about your Core Values.

For example, if one of your core values is to have more freedom, more choices, more peace of mind – this awareness will help you avoid the financial temptations and make decisions that are congruent with your Core Values.
1. Not Setting Intentions.
When you don’t set your financial intentions, you create randomly, often from a place of fear, doubt, and powerlessness. Since you’re creating all the time, why not to be intentional about your creations?

You want to have an emergency fund by a certain date? Set the intention!

You want to grow your wealth by making strategic investments? Set the intention!

You want to receive income from passive investments to support your desired lifestyle? Buy a new car? A house? Set an intention!

Intentions direct energy. Intentions set in motion possibilities.

Intentions direct experiences that you need to have so that your intentions become your reality.

Setting the intentions is the way to leverage the infinite organizing power of the Universe.
1. Focusing on Problems instead of Solutions.
What you focus on, expands. You know that, right?

So, when you focus on how you cannot afford to buy _________, or how you cannot invest in __________, or how unlucky you are because you don’t make enough money – you focus on problems instead of solutions.

Choose to Focus on what you say YES TO when you manage your financial priorities!

For example, you can ask yourself “what would need to happen so I’ll be able to _______?” “What can I do today, this week, this month to make more money? To pay off my debt AND save more? To invest and grow my wealth?”

You can brainstorm different options, write them down, choose which ones excite you the most and take the first step…and the next…and the next.

With the focus on solutions, you’ll be able to take inspired actions!

And even small actions taken towards your desired financial results will help you make better financial decisions.
1. Not Living in Integrity with Your Financial Goals.
You may know your core values and even set your intentions and financial goals. But if you don’t practice financial discipline, if you don’t live in a way that supports your financial goals, it’s unlikely that you become financially independent any time soon.

Because knowing what you need to do is not enough!

Implementing your knowledge, doing what needs to be done even if it’s not easy or uncomfortable – THAT shows your commitment and determination.

THAT will lead to results! Because “devil is in execution”, agree?

And even if you made some financial mistakes in the past – it doesn’t matter! Because you are NOT your experiences!

Managing your financial priorities well is a skill that you can attain and practice!

If you’re not where you want to be in your life, financially – it’s time to change.

Manage your financial priorities in the ways that support your financial goals and core values.

To Your Health,Wealth and Freedom!

Millen

P.S. For the next 24 hours ONLY – special offer to celebrate Independence Day! If you haven’t benefited yet from working with me or speaking to me in person, I offer you a complimentary Make Money Work For You strategy session!! You can book it HERE
July 4, 2018
Think and Live Wealthy: 13 Guidelines for Becoming Financially Independent

“In the long run, we shape our lives, and we shape ourselves. The process never ends until we die. And the choices we make are ultimately our own responsibility.” ~ Eleanor Roosevelt

Money is an interesting indicator of our state of mind. Emotions like paralyzing fear, envy, revenge, resentment, scarcity, hatred or bitterness usually reflect less than desirable state of financial affairs in our lives. On the other hand, emotions like peacefulness, kindness, contentment, appreciation, happiness, joy, love and serenity reflect the state of mind that is open to receive the abundance that Universe has for everyone…. Among many things, money is a language we use to express the best in us and the worst in us. (more…)

March 27, 2018