Now that we understand the key traits shared by millionaires, I want to share the four rules to financial success. Learn and live by these rules, as they will be your ticket to achieving and maintaining financial success.

Rule 1: Your income must be higher than your expenses.

This means that the money coming in should always exceed the money going out. Wealthy people know their numbers. Evaluate your monthly income and consider ways to increase it. Additionally, be mindful of your spending habits. If you struggle with saving and managing money now, this issue will persist regardless of your income level. Awareness of where your money goes and why is essential for making informed decisions.

Rule 2: Pay attention to money and cultivate an abundance mindset.

Be aware of your thoughts and language when it comes to money. While it’s important to understand your numbers and make smart decisions, approach money from a mindset of abundance rather than scarcity. Even if you’re not where you want to be yet, believe that your success is inevitable. Focus on positive and affirming language when discussing money.

Rule 3: Say no to debt.

As mentioned earlier, wealthy individuals ensure their income exceeds their expenses. You don’t need to take on more debt to reach your goals. Building wealth requires time and consistent effort. Emphasize a profit-first strategy when creating your plan.

Rule 4: Focus on assets.

Assets are key to generating cash flow without requiring excessive effort. Relying solely on a job and trading time for money has limitations. To achieve millionaire status, you need to explore income streams that are more passive, allowing you to make money without relying solely on your time and energy. We will delve further into this concept in future lessons.

In the workbook, I have shared proven tips to help you reframe your mindset and empower yourself for wealth. These tips include being a constant learner, setting realistic goals and expectations, taking action, practicing patience, embracing failure as a learning opportunity, never giving up, and practicing Kaizen (continuous improvement).

Reflect on these mindset and perspective shifts. Identify the areas where you already have empowering thoughts and beliefs, and pinpoint areas where improvement is needed. Refer back to your workbook for a summary of the main takeaways from this lesson.