Creating and Managing Wealth

Creating and Managing Wealth

September 22, 2016

There is no secret to effectively building and managing your personal wealth. Whether you want to leave a legacy behind, or simply live life in retirement knowing what  you’ve accomplished, there is a simplified process.

Here are the key factors to consider when sustaining your accumulated wealth.

Financial Plan

Creating wealth starts with a financial plan. Look at this plan as your GPS to your future.  You wouldn’t make a trip across the country without a GPS therefore, you need direction to get from where you are today in your current financial life to where you want to be in the future.


We’ve all heard the saying that the earlier you begin saving for your future, the less you have to invest. This is true but what if you are starting later in life?  No worries!  We are here to help.  You may have to work a little harder and smarter, but can help you get there.


To be wealthy, you must be disciplined. You must know in your mind that no matter what obstacles life throws at you, you will attain your wealth goals.  You must discipline yourself and your spouse to not spend frivolously, save diligently and never give up.

Hard work

Building and sustaining your wealth is a life long journey. It never stops.  You work hard to create it and you will need to work as equally hard to keep it.


Could you be where you are today without the help of other people? Probably not!  Building and sustaining your wealth requires a team of professionals that have the same desire and work ethic as you.  For most people, your team will be comprised of a financial advisor, tax professional, business and/or estate planning attorney, insurance agent or broker as well as your real estate professionals such as an agent/broker and mortgage banker.  Interview these people well.  Make sure they possess the skill, credentials, experience you require.  But above and beyond that, please make sure you have a good chemistry with them.

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