I help twenty and thirty-somethings break into the "six-figure club" and ascend from there.
Breaking into the six-figure club is exciting.
But, once you're there, what do you do with your money?
Learning how to determine your current net worth and creating a money strategy is a part of the coaching experience for all my clients.
One key action to building wealth is summed up in a commonly-viewed-as-boring "F word."
Frugality is "a commitment to saving, spending less, and sticking to a budget."
What does this look like in real life?
Here's an example:
A 36-year-old "Manhattan corporate lawyer, earning $270,000 a year lives, in New Jersey to avoid city taxes, lives on rice and beans, owns one patched-together suit per weekday for work, and layers up during the winter instead of turning the heat on — all so he can save 70% of his salary."
"He's saved more than $400,000 and is set to retire" in 2022.
Now, I'm not saying you have to pinch this many pennies to build wealth or retire early.
But, if you'd like to have a similar outcome, or at least make some progress toward financial freedom, try employing these three frugal actions until you reach your goal:
Are you ready to increase your income and net worth?
Schedule a free consultation and let's talk.