The first step to wealth is offensively simple!

The first and most important step is to understand & take ownership for how you currently manage your money. Have you done the 2 minute exercise in the last blog? If not take 120 seconds to do it now.

So, are you moving forward on your income or are you going backwards?

Are you spending less than you earn or are you spending more?

If you're moving forward that's great! Are you spending 10% less than you earn? If so skip this blog and move on with something else for today... I look forward to talking to you about Step 2.

If you're not going forward as quickly as you would like or if you're going backwards - congratulations - why? Because you know where you're heading! It's so important!

Now, have you taken ownership? Or do you have excuses as to why last year was a special year where it wasn't your fault that you spent more than you earned... don't take this the wrong way, I know sometimes things go wrong and it's not necessarily your fault but over the period of a year you have the chance to compensate for life's unexpected hiccups! If you were robbed and you had to pay an excess of $1,000 that's a big cost and would likely break the budget for that month... but only you can choose to take ownership for that unexpected expense and only you can choose to spend less elsewhere to make sure you stay on track for the coming months.

Don't rely on a future pay rise to get you back on track. It doesn't work that way. You need to take ownership of how you spend your money now.

As soon as you take ownerhsip you'll find that spending less than you earn becomes much easier. When you drop all excuses it's as simple as knowing where you're up to and making the small decisions each day to stay on track.

Boringly simple? You bet.
And that's why I believe many intelligent people find it hard to get wealthy.
It's so easy they miss the first step.

Once you've got this one under control it's time for Step 2...