Wealth Mindset with Herlong Financial Group
“If you have enough money to support the life you want, and enough free time to enjoy using the money you have, in my opinion, you are really wealthy. And with that comes independence and freedom.” –Alden Beckett
The journey toward building wealth and independence begins when we accept that we are responsible for our beliefs and our financial condition. We must take action that will change our future. There will always be circumstances beyond our control, but we must act on what is within our control.
We aren’t responsible for everything that happens to us, but we are responsible for how we respond. Getting our finances in order starts between our ears.
Consider how a business uses money. It buys equipment to make a product to sell. It pays for marketing and advertising. It hires employees and pays their salaries. Money is like a river—it needs to flow in the right direction to nourish the results we want.
Our personal financial planning works the same way. Successful business owners plan, prepare, and make wise decisions. One of our biggest hurdles is changing how we think about money. It’s a tool—one that can help us reach our current and future goals, or one that can easily be misused without any real benefit.
Look at Warren Buffett, one of the wealthiest people in the world. He has invested for decades using a simple strategy: buy financially sound companies at a good value and stay invested. Our use of money should always align with the timeframe of our future needs.
Do you feel you must be an expert to make wise investment choices? If so, you may never take action. A doctor doesn’t typically do their own plumbing. Focus your energy on what you do well. Then rely on a trusted financial professional to guide you in making strong financial and investment decisions. Work smart in what you do and let the expertise of others support you where needed.
*Thomas Herlong is Financial Adviser offering investment advisory services through Eagle Strategies LLC, a Registered Investment Adviser and a Registered Representative offering securities through NYLIFE Securities LLC (member FINRA/SIPC), 424 Calhoun Street, Johnston SC, 29832, 803-275-5090. A Licensed Insurance Agency. Eagle Strategies and NYLIFE Securities are New York Life Companies.
