TMS #110: 7 Proven Wealth Strategies

Build Your Empire Before 30 and Unlock Financial Freedom

Read time: 5 minutes

Hey there, future empire builder.

If you're reading this, you're probably serious about making a change. 

Youā€™re not here to settle for ā€œgood enough.ā€

You're here to build something meaningful, impactful, and successful.

And most importantly, you want to do it before 30.

The good news?

Itā€™s entirely possible.

I'll share seven wealth strategies, which you can use right now.

They will improve your finances and help create your dream life.

Ready? Letā€™s dive in.

I. Set Big, Clear Financial Goals

Letā€™s start with one of the most powerful strategies:

Set clear financial goals. 

And not just any goals.

Iā€™m talking big, audacious goals that push you beyond your comfort zone.

I believe in setting goals that stretch your imagination.

Want to be a millionaire?

Write it down.

Want financial freedom in 5 years?

Make it a goal.

The key here is clarity.

You need to know exactly what you're working toward.

And itā€™s not just about having a vague wish to be rich.

You need to know how much you want to earn, save, and invest.

Break it down by month, year, and even decade.

When your goals are clear, your path to wealth becomes much more defined.

Actionable Tip:

Write down your financial goals today.

Be specific.

How much do you want to make?

How much do you want to save?

And by when?

II. Build a Habit of Saving and Investing

This is a habit every wealthy person masters.

Saving money is only half of the equation.

Investing is where the magic happens.

But hereā€™s the catchā€”most people think theyā€™ll start saving once they make more money.

Let me be real with you.

If you donā€™t start saving now, you wonā€™t do it later.

No matter what your income is.

I recommend saving at least 10% of your income.

But donā€™t stop there.

Invest a portion of your savings into assets that grow over time.

Investing is the key to growing your wealth.

It applies to the stock market, real estate, and your own business.

Saving without investing is like planting seeds and never watering them.

Actionable Tip:

Start automating your savings today.

Set up a system where 10% of your income goes directly into a savings or investment account every month.

III. Protect Your Money from Unnecessary Spending

Letā€™s talk about a common trapā€”spending money on things that donā€™t bring you any closer to your financial goals.

Itā€™s easy to get caught up in lifestyle inflation, especially when you start making more money.

Hereā€™s what I preach:

Protect your money as if it were your business partner. 

Every time you buy unnecessary things, you give away your future wealth.

So, hereā€™s the challenge:

Become mindful of your spending.

Donā€™t spend money just because you can.

Spend it because it adds value to your life and brings you closer to your financial freedom.

Actionable Tip:

Track your spending for the next 30 days.

Identify any unnecessary expenses, and cut them out.

Redirect that money toward your savings and investments.

IV. Create Multiple Streams of Income

One income stream is a start, but itā€™s not enough.

To build serious wealth, you need to create multiple streams of income. 

This strategy is something all successful entrepreneurs and wealthy individuals have in common.

I encourage you to think about different ways you can generate income.

It might be a side business, investing in stocks or real estate, or making passive income through digital products or online courses.

The more income streams you have, the less dependent you are on any single one.

And that, my friend, is the foundation of financial freedom.

Actionable Tip:

Brainstorm three potential income streams you can start working on today.

They donā€™t have to be massive right away.

Just take that first step.

V. Learn to Handle Financial Setbacks with a Positive Mindset

Letā€™s face it.

Building wealth isnā€™t a straight line.

There will be setbacks.

Maybe youā€™ll make a bad investment.

Maybe youā€™ll face unexpected expenses.

It happens to everyone.

But here's the thing.

How you respond to setbacks is what separates successful people from everyone else.

I believe in embracing setbacks as learning experiences. 

Don't let financial failures derail you.

Use them to grow stronger and smarter. 

When you adopt this mindset, nothing can stop you from achieving your goals.

Actionable Tip:

The next time you face a financial setback, ask yourself:

ā€œWhat can I learn from this?ā€

Write down your lessons and apply them moving forward.

VI. Surround Yourself with Wealth Mentors and Like-Minded People

Youā€™ve heard the saying, ā€œYou are the average of the five people you spend the most time with.ā€

Well, itā€™s true.

If you want to build wealth, you need to surround yourself with people who are already where you want to be.

Find mentors who have already achieved financial freedom.

These mentors can guide you, offer advice, and help you avoid common mistakes.

At the same time, connect with like-minded people who share your financial goals.

This creates a support system that keeps you accountable.

Actionable Tip:

Identify someone you admire who has achieved financial success.

Reach out to them for advice or mentorship.

It could be a personal connection, or even following their content online.

VII. Focus on Building Value, Not Just Making Money

Finally, here is a key wealth-building strategy:

Create value.

Donā€™t chase money.

Instead, focus on solving problems, helping others, and adding value to the world.

When you focus on value, money naturally follows. 

The wealthiest people in the world didnā€™t just chase cash.

They built products, services, and companies that made a real difference.

And as a result, they were rewarded financially.

If you focus on making money without creating value, it wonā€™t last.

But if you focus on value first, wealth will follow.

Actionable Tip:

Think about the ways you can add value in your business or career.

How can you solve problems for your customers or clients?

The more value you provide, the more wealth you will create.

Final Thoughts: Your Road to Financial Freedom Starts Now

There you have itā€”seven wealth strategies to help you build your empire before 30.

But hereā€™s the truth.

None of these strategies will matter unless you take action.

The key is consistency.

It's true for setting goals, creating income streams, and building value in the world.

Take these lessons and apply them to your life.

Remember, you donā€™t need to have everything figured out today.

Just take one small step.

Then another.

And before you know it, youā€™ll be well on your way to financial freedom.

Good luck out there, future millionaire.

Your empire awaits!

Keep Evolving,

Chris Founder - Mindtutorial
Follow The Real Me on LinkedIn

Remember: Youā€™re just one habit away!šŸ—ļø

TL;DR

7 Proven Wealth Strategies

  1. Set clear financial goals.

  2. Save and invest regularly.

  3. Avoid unnecessary spending.

  4. Create multiple income streams.

  5. Learn from financial setbacks.

  6. Surround yourself with mentors.

  7. Focus on adding value.

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