The Wealth Factor: Discipline
While scrolling upon social media (which you know ‘we’ love to do), I saw this clip of Dre from Power talking about wealth! If you are familiar with his character from the series, you know that getting money is his middle name. For Olurotimi Akinosho or Rotimi as he goes by, the way that he comes up on a lick is completely different and legal than what his character operates.
Scenario - Rotimi signs on for his role as Andre Coleman on the show Power. Excited about this role, his Father tests his gangsta on his longevity as an actor. Pops charges Rotimi to save every cent of his check from the show. Crazy, right?! But it stuck with him. The reasoning behind that was that his Dad wanted Rotimi to protect his future by stacking and building multiple streams of income. Listen more to the clip below:
So what does that have to do with wealth and you!? Glad you asked. Here are some points to take away from that clip above:
Discipline builds habit: Curating your wealth factor is more than formulating an iron clad budget, it is about understanding your triggers and trends when it comes to your relationship with money. No matter if you were born with it or earned it - your habits are determined by how you move with the lessons you were brought up with. Your discipline and focus on your funds is critical in seeing how to make, keep and scale your cash flow.
Create rivers: If you listen to the clip, Rotimi calls out other streams of income that he had that were used for his living and lifestyle expenses. The notion about multiple streams of income is new, but the mindset of how to give each stream a direction isn’t what is spoken about that much. For instance, if you have passive income via stocks or side hustle, what are you using it for? Funnel your funds to show where they should be going! That side hustle could be for that downpayment on a house or even to start another business. Work smart, not hard.
The focused stay funded: When it comes to budding your Wealth Factor, it is key for you to stay focused. That is the same way you have to do it when it comes to goals in your life. You can’t go to the gym one day and be down 20lbs. Nah, it doesn’t work that way. You have work at it. Go consistently. Eat correctly. Intake water at your weight. You know the vibes. Also, if you fall off the cart - being disciplined enough to jump back on so you don’t fall off again. Apply this to your wealth factor. If you fall off budget, being able to get back on quickly and consistently working the plan no matter how you feel is the key to building discipline. Consistency pays, Fam.
Why am I bringing this all up? Many of us are not mentally ready to win the lottery. We know what we want to do when we get a grip of money. But do you have the habits to maintain $10 as you would $10M?! It takes the same foundation of discipline to handle different amounts of money. Being able to handle $10 will allow you to figure out to scale to $10M through multiple streams of income, expense tracking, saving and curating a balanced money management lifestyle.
We all have The Wealth Factor within our minds, hands and will. Yes, even you. One of the ways to strengthen it is through building discipline through habits movement. We can all have the idea along with the ideation of what it would look like, but it is up to us to implement that vision for our lives. Faith (and Funds) without works is dead! Start building your wealth factor by building your discipline.