The driving force behind a good wealth buidling strategy is the power of investing. It is the fuel behind all features included in wealth building strategies. Regardless of any well developed plans, budgets and rates of re-investing. The awareness you apply for the power of your investments is the most important feature. Open your awareness towards your basic values for investing. Route them against the highest aspirations in your life. In this way the power of investing will become your most important tool.
If you are a Forex trader you might define your Forex strategy as your major income stream. However, even with a state of the art trading strategy will soon find that to be insufficient. Instead you should consider how you facilitate the outcome of your trading activity. How you re-invest your assets so that you can create more passive income. But, why should you re-invest your assets into something that creates a lower rate of return? Wealth is defined by time, not the size of your current assets. Therefore, the answer is to think in a longer term perspective.
The statistics show that wealthy people have built seven streams of income in average. All with various risk profiles and time perspective. A Forex trading strategy will therefore very well cover the liabilities and expenses to support your lifestyle. On the other hand it can also change, as the financial markets are changing, in the medium time perspective. As a result, it can be a good idea to combine it with an additional stream of income. An additional income that has both a different level of risk and time perspective. Dividends or real estate are good examples of such.
To maintain the momentum in your wealth building strategy, your awareness is essential. Your emotions is clearly, and will always affect your financial decissions. It is therefore easy to be completely satisfied in the short term instead of securing your future in the longer time perspective. In this way it is almost for granted that you will build a narrative for money instead. It is the most definite way to direct your economical life into destruction.
Creating a wealth building strategy that pays you and supports your desired lifestyle in the short run is vitally important. It creates a good feeling of the abundance that exists here and now. However, it should be balanced with what you desire to be the same feeling in f ex 25-30 years. A portfolio of companies that provides dividends, or a real estate portfolio can create this feeling. It has a lover yield, but it also have the ultimate predictability to be there perhaps even long time after to have retired as a Forex trader.
Conditioning your mind to create the needed awareness is therefore essential for the success of your wealth building strategy. Long term perspective is the key. Remove the limitations in your mind to let it happen.