It is so tempting to spend our money when we experience an income increase. We’re conditioned through social media to want things right away. But immediate gratification will ruin your plan for wealth.
In this episode, Cayla explains how riches do not equate to wealth and what we should really be focusing on if we want to develop generational wealth. It all begins with a little delayed gratification and some serious commitment to it. Remember to not increase your lifestyle right when your income increases. If you stay where you are but you have more money, think about ways you can make that money multiply. It’s all about a long-term game for your money and Cayla shares ways to decrease your expenses to keep that goal in mind.
You will learn:
[1:40] - Riches do not equal wealth.
[2:31] - Immediate gratification will ruin your plan for wealth.
[3:30] - Your future's so much brighter than your present.
[4:41] - Cayla shares some of the things that have happened to recent clients for them to create wealth.
[5:55] - Podcasts are a great way to connect.
[6:58] - You have to get into the mindset of not increasing your lifestyle.
[8:05] - If you can commit to delayed gratification, you can achieve freedom much sooner than those who don’t.