Unlocking Your Brain for Financial Success: The Key Tips You Need to Know to Unlock Financial Success

in LeoFinance3 months ago (edited)

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Despite today’s technological advancements, there are still things in personal finance that you should know that will help you significantly on the road to financial success. With many people, especially young adults, not knowing these essential tips, we see many of them struggling to achieve the financial success these tips will help the unlock the path to financial success! Knowing these tips can help make huge changes to your life and can get you on the road to financial success!

I have put together some of the most important things you should know about managing your wallet if you want to achieve financial success. If you aren't already doing these things, making these changes will spark a significant change to your finances for the better!

Let’s dive in...

Learning Self-control

If you are one of the lucky ones, your parents or mentors may have already taught you this when you were young. If not, you have to learn that delaying gratification helps keep your finances in check. As with credit, you can easily purchase whatever you want, but it is better to save up some money first before buying.

Don’t fall for the credit card trap. You might purchase a lot of stuff with it. But whether you can pay your bills during the month, you might not have yet paid for those items ten years from now.

Take Control and Manage Your Money through Budgeting & Planning

If you don't have a hard time controlling your spending habits, you might have a problem with mismanaging it. Luckily there are some great tools that you can use to make this a simple fix. Here is a list of the top tools to take control of your finances through planning and budgeting!

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Have an Emergency Fund

No matter what, you need to teach yourself how to budget and put aside some money in an emergency fund. In no time, you will get into the habit of saving and have enough emergency money for any emergency that may arise!

Create a Financial Base that You Can Enjoy Building On As Your Vehicle for Savings & Investment!

It is essential to prepare to build up a savings and investment vehicle that can add additional passive income to your finances. For me, it hasn't been until I have been excited about and want to put my money into this vehicle that it has grown into something special. So find a way to enjoy putting money into your savings and investment vehicle to make it into something special!

Mine has been building up my passive income on Hive and all the dapps on here, and also via high yielding crypto. On Hive I am loving Splinterlands, DCity & LeoFinance. As far as high-yielding crypto there are 2 places I highly recommend and they are Crypto.coms App with Earn & CRO, and on KuCoin & their Pool-X Defi & Staking. Below are links to check them out with bonuses, and I highly recommend that you do as you won't be disappointed!

Check Out KuCoins Amazing High Yields for Staking, and There Awesome Exchange with Hundreds of Different Cryptos

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Know & Check Your Taxes

Learn how income taxes work and calculate if your salary can provide you with enough money after the taxes are removed. Check if these can meet your financial obligations and goals in life. Nowadays, there are a lot of online calculators that can help determine your payroll taxes, as well as your gross pay and your take-home pay. Once you know this, you can budget properly and save enough money.

Guard Your Health

Health is the most important thing in life IMO. When you are healthy you are able to do anything, and when you are not you can't do anything! Do as many healthy things you can each and every day. Stay active and eat as healthy as you can. Make sure you get some daily exercise and make sure you sleep every night! Getting a good amount of sleep is vital to your health and being productive!


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AdamDaBeast

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Awesome post, you have a lot of great information on what you need to achieve financial success.


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