3 Secrets to Starting a Wealth Building Program You Can Do It

•Six Common Mistakes Where People Leave Money on the Table
I have worked with very wealthy people and very poor people and one of the dividing lines that makes the difference is that wealthy people take the time to save a dime. The most precious resource that we have is time. And everyday we make decisions about how we want to spend our time and our money. We also have to live with the consequences of those decisions. Here are six common mistakes where people leave money on the table when they don't take the time. 1. When we don't take the time to...

•How to Not Fight Over Finances 5 Tips to Marital Financial Bliss
Most couples fight over finances and many will even divorce over money conflicts. Many couples have differing philosophies- one may be a spendthrift while the other is a cheapskate. It doesn’t matter what your money baggage is, you and your spouse can resolve financial issues with these 5 tips: 1. Promote mutual understanding of each other by discussing how you were raised around money and what your money personality is. It doesn’t really matter how your parent’s interaction with money played...

•7 Easy Steps to Make Money
Everyone wants to be rich. Money buys us time with our loved ones and time for ourselves. But the road to riches starts with baby steps and each step builds to the next to get you where you want to go. Follow me on these seven steps so you can accumulate wealth and preserve what you have earned. The first three pillars of wealth are good cash flow, an estate plan, and risk management. 1. Cash flow is the fountain of wealth. It doesn't matter if the fountain is big or small, what's important...

•Wealth How to Accumulate and How to Preserve It
Older adults were anxious about the economy long before this crisis. Retirees feeling very confident of a financial secure retirement fell to 29% in April down from 41% a year earlier, according to a survey conducted by the Employee Benefit Research Institute – the lowest level in 10 years. Younger folks trying to increase their income with better jobs are limited by the increasingly sour labor market. So how does one get wealth and keep it? Follow these tips: • Keep your mind on your money...

•Long Term Investing as an Optimist
It does pay to be a long-term optimist as I am. The easiest way to show the importance of staying invested is with the Rule of 72, which illustrates how compounding builds long-term wealth. To see how many years it will take to double your money at any compound growth rate, just divide 72 by that rate. Assuming a 7% compounding rate, your money will roughly double in 10 years. Over 50 years, you will have five doubles -with the last 20 years being the most important doubling points because you...

•Make a Financial Plan With These 7 Steps
You may have a good investment plan or estate plan or retirement plan but without coordination of these plans, you are most likely to lose out on making money. The reason why is that all of the 7 steps in a financial plan will get you the goals that you want, in the time that you want and with tax advantages and with a comfortable amount of risk. Most people target just the investment plan or retirement plan and lose focus of the big picture. Here are the 7 steps that you will need for success...

•I m So Rich I Can Go Slow 4 Tips to Get Rich Slow
I'm so rich I can go slow.Rich people can afford to go slow and create more abundance in their lives while people who come from scarcity are always busy and busy in the wrong ways. Here are four observations to see if you are creating wealth in your life right now: 1) I'm so rich I can drive slow to my appointments because each appointment is a valued one that I have created to make me money or give me even more time in my life. The point is to have targeted activity that you have designed...

•Retirement Plan Withdrawals How to Safely Take the Money Out With These Five Options
When people retire or need to withdraw money from pensions or investments, they get confused on what to do. People are living longer so their money must last for a lifetime which can be hard to plan for. Also the high cost of healthcare doesn’t help those who depend only on a fixed income. A mix of guaranteed income and income that has the potential to increase annually is ideal. That kind of mix will also help keep your taxable income down as you will draw from a mix of taxable income and...