Wealth is a financially savvy mindset as much as a dollar amount. Wealthy people think, act and appreciate the power of their money. Here are ten tips to begin building the mind-set of wealth.

1. Map out your lifestyle and financial goals.
Make time to map out the future. Decide on your financial lifestyle for the next five, ten, twenty, fifty years and vividly plan it out. What does the future look, sound and feel like? Financially, what’s it going to take to acquire and maintain that lifestyle?

2. Go with your values.
Your money values direct your financial life. Your wealth should be a reflection of your values. Your income, spending, investing and saving should mirror what is important in your life personally, professionally and socially. Going against financial values begins to chip away emotionally at your ability to accumulate and enjoy wealth.

3. Do your research and find the experts.
Do your homework. Find the “experts” who share your vision and acknowledge the importance of your values. It’s important that you are intellectually and emotionally compatible with these experts since you’ll be working very closely with them for years to come.

4. Form a workable wealth plan.
Before implementing your wealth plan consider everything - goals, values, current lifestyle, economy and the advice of the experts. After careful thought, it’s time to start living your ongoing financial plan. Being able to take complete emotional ownership in this plan can make the difference between saving a few dollars and achieving the wealthy future you’ve mapped out.

5. Commit and stick to your success plan.
Commitment is everything when it comes to success. How badly do you want a financially secure future? How BIG is your why? Your ability to stay the course will be one of the single greatest factors in wealth building success.

6. Be flexible yet focused.
Life has many twists and turns. Flexibility is a powerful success-building tool. Markets change and economic outlooks go up and down. When your goals are clear and compelling, you’ll be able to stay focused on and committed to the bigger picture.

7. Go with the flow.
It is your ability to consciously “go with the flow” of your personal, professional and financial life that will determine how many financial goals actually come to fruition.

8. Stay up-to-date and current.
It’s your money! You are the one ultimately responsible for your financial destiny. The experts will give you advice but the ultimate decisions are yours. Stay current with the trends and the economy. Make your financial decisions from a place of empowerment and knowledge.

9. Protect your current and future assets.
Be wise and vigilant about protecting your wealth. Do you have the correct amount of life, disability and medical insurance to protect yourself, family and assets? Do you have a fully executed will and/or trust agreement?

10. Know what’s happening with your money.
Look at your financial statements as soon as they arrive and make sure everything is in order. Meet with your attorney, accountant, broker and financial planner regularly. Ask questions and listen carefully to the answers. If you don’t like what you’re hearing, ask more questions.

Wealth building is more than saving or investing money. Building long-lasting wealth is a mind-set and a commitment to living a financially responsible lifestyle. Are you harnessing the power of your money?

Note: Please check with your attorney, accountant, broker or financial planner before making long-term financial decisions. I am only giving suggestions, not financial advice.

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You may want to take a few minutes to visit my website www.SharonMichaels.com for more empowering suggestions, tools and tips.