how to build wealth

Although many do not admit it, most of us want to be rich. We want to create wealth and not have to depend on ourselves or anyone else to live comfortably. How to create this wealth It is the stumbling block that often stops us. That said, our perception of “comfortably” is what separates the rich from the middle class. If you want to increase your financial intelligence and create true wealth for your family, you need to get organized, plan, and take action.

SHOULD HAVE:

1. A burning desire: It’s one thing to say you want to be rich, but it’s another to be driven by your desire.
2. Specialized knowledge: organize and use your knowledge with a defined plan of action.
3. Call to Action: Once you’re organized, you need to put your plan into action with consistent effort.

WHAT IS NEEDED:

1. Conditioning of your mind: you are where you are today without accidents. Your mental conditioning is inherent. To prepare for the future you must prepare your mind with mental conditioning.
2. Change of habits: now you have habits, good and bad. If you want to change your life, you have to change your habits.
3. Constant Effort and Attention to Detail – A constant effort to improve and attention to detail are essential for long-term growth.

ACTION STEPS:

1. Organize your financial filing cabinet: Do you have a financial junk drawer? Create a File System and organize it by date and type.
2. Open Your Wealth Accumulation Account – You must pay yourself first. Start a systematic savings plan and discipline yourself to save 10-20% of your income before taxes.
3. Have an Emergency Fund – Have at least 6 months of income in an easily accessible account.

To create true wealth, you must create a solid foundation. A solid foundation means long-term protection, savings and growth. It takes constant effort to preserve wealth once it is created. “Easy come, easy go” is relevant here.