The Best Financial Advice from Successful People

financial success

I am a huge sucker for quotes and for advice that’s being offered. I love them. As a businesswoman working on building my empire and my brand every single day of my life, I like to see if I’m in the right frame of mind. Do I have the same qualities and traits as the world’s most successful people? Do I think the right way, do I have the same ambition? Am I in the right mindset for the business? What’s my deal? I love to read articles like that, and try to read at least one or two every morning while I have my coffee, or when I’m stuck in a never-ending line picking my daughter up from school. Of the things I’ve read, the advice I’ve received and the things I’ve learned from reading these articles, three pieces of advice really stand out to me more than any other; and I thought maybe they’d help you, too.

Embrace Failure

Ask every single successful person in the world how it feels to be successful, and they’ll tell you it feels good. Sure, it feels good to have a bank account that has plenty of money in it, and it feels good to be on top. But it also feels good, almost like a relief, to know tall those failures they experienced along the way were not for nothing. Failure is a lesson, and the world’s most financially savvy people recognize this with every breath they take.

Be Accountable

Dave Ramsey is perhaps one of the most famous financial gurus of the world, and he believes you should have an accountability partner to help you get on track to financial success. Whether it’s someone impartial to handle your finances for a few months until you’re able to create new, better habits, or just someone to talk to about what’s happening in your financial life each day. When you have to own up to someone else, someone you don’t want to disappoint, it’s a lot easier to stop making poor financial decisions.

Make it Automatic

If you have your savings deducted from your paycheck and put into your savings account before you even see your check hit the bank, you’re good to go. If you have your bills automatically debited from your bank account on the same day every month, you’re good to go. You’re less likely to avoid paying these things if you don’t have that control over them. When they’re handled for you, they’re done; you have no need to bother with it. This is one of the simplest, yet most effective, ways to actually get on track to financial success.

Photo by Getty Images

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