Ramit Sethi: Why Dreaming Big Is Important When You’re Building Wealth

Financial dreams and aspirations are wonderful, but it’s setting goals that will make those dreams come true. Money expert and best-selling author, Ramit Sethi recently sent out a newsletter explaining just how crucial “dreaming big” is to building wealth .

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Here’s a closer look at Sethi’s reasons big dreams can lead to big money .

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Bigger Dreams = Bigger Goals

Strong aspirations and ambition are crucial to the wealth-building process. When Sethi writes, “dream big” what he really means is think about what you really want out of life and how you’ll get there.

For example, say you want to buy your first home. There are a lot of steps involved in making it happen, including but not limited to analyzing the current real estate market and mortgage interest rates, saving enough for the down payment and closing costs, getting pre-approved for a mortgage, going house hunting and putting a bid on the house of your dreams.

You should not only think about each step as you go, but also how each step factors into your long-term plan to achieve your goals and reach financial success.

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Persistence Is Key

You might doubt yourself when it comes to the goals you can achieve and how long it would take to make them happen. But, according to Sethi, dreaming big means reaching for the stars and going the extra mile.

He even provided a list of things you can do right now to set you on the path toward building wealth:

• Get out of debt as soon as possible
• Build an emergency fund
• Get a side hustle to make extra cash
• Invest money early and often

With hard work and persistence, your “big dreams” can become a reality.

This article originally appeared on GOBankingRates.com : Ramit Sethi: Why Dreaming Big Is Important When You’re Building Wealth