Entrepreneurship

3 mindsets to adopt in order to build wealth

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Building wealth requires more than just saving money. You should also focus on making choices that are sustainable long-term, says financial expert Patrice Washington. That includes prioritizing the right mindsets and planning for a financially healthy future.

Washington likes to approach building wealth holistically. Shifting the way you think about money and how you spend or save it is just as important as deciding how much you want to put away, she says.

Here are three mindsets to adopt in order to build wealth, according to Washington.

1. Have gratitude

With the ongoing Covid-19 pandemic, it can be hard to recognize your blessings and have gratitude, Washington says. But it’s worth making an effort. “Sometimes we just have to fight to see the good first. That’s an attitude that we all need, no matter who you are,” she explains.

Staying positive and recognizing your fortunes, no matter how big or small they are, can go a long way toward helping you get your financial future on track.

“Every day I really try to look for something good to just dwell on,” Washington says. “I think that allows you to open up space to be more creative, to have more ideas flow in and to really start to brainstorm more about what’s possible.”

2. Recognize that every dollar counts

3. Take care of your body

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