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		Bryan Tusow Mortgage Consultant Dawson Home Mortgage NMLS# 1814266 Phone: (218) 346-6371 ext. 2 Fax: (218) 346-6373 NMLS #: 942638 bryan@dawsonhomemortgage.com www.dawsonhomemortgage.com

September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019		What Financially Successful People Have in Common Have you ever wondered what financially successful people have in common? What do they do differently than people who struggle with their money do? While it's easy to think that financially successful people don't work hard or have been given a special gift, the reality is that most of these people have worked hard for their success. Let's look at a few habits and tricks that may help you on your own path to financial success. Set goals. Goals, especially ones that are written down, give you a road map to where you want to go. Just having an idea and thinking of it is not nearly as powerful as writing it down and using the SMART goal technique (specific, measurable, attainable, realistic, and time-bound). Build wealth. Early in their careers, financially successful people begin to invest their money to build it up for retirement. They invest in their 401k plans, IRAs, and Roth IRAs. But, they go beyond that and also invest in other assets that can help to generate income, such as real estate or stocks. Financially successful people invest in passive income that grows over time. Avoid personal debt. Having debt that you can't manage or pay off becomes so daunting that you may never be able to acquire financial freedom. Without debt, you have the freedom to invest in your retirement. In addition, you can use any money that would go to paying off debt toward investing in another way to generate income. Work on paying off debt as soon as possible. Have persistence. If a business or investment fails, finically successful people don't give up; instead, they reinvent themselves and try another path. They are constantly investing in their retirement, savings accounts, and businesses, and they're paying off any debt. One step at a time, these people are building their wealth and not letting anything distract them from their goal. These are fairly simple steps to take toward your financial freedom. Don't hesitate though, start today! Source: Good Financial Cents

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Dawson Home Mortgage NMLS# 1814266 655 3rd Ave Suite C Perham, MN 56573

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