Creating wealth is not a get rich quick scheme. It is about having a plan and working at it on a regular basis.It is about "slow and steady wins the race". You are a tortoise and this can translate into wealth creation even if most of us will not end up instant millionaires. It is more about coming up with a wealth creation plan in an investment medium that you are comfortable with and committing to make it happen.
Sometimes in life, we need a shock, a jolt, or a wakeup call to get us doing something different. We could be living a successful life. We could have a job that brings in good money and we could believe everything is on track for a happy existence. When a major, unexpected event takes place that puts all that we value in jeopardy we are not prepared. What do we do then? If for instance the major breadwinner, the one that brings home the most income each week, is diagnosed with a life-threatening illness we may be forced into reassessing not only what we are currently doing but what we will be doing into the future.
Do you dream to create ‘mail box’ money? This is where money shows up either when you open the letter box and there is another cheque to bank or electronically in our bank account on a regular basis. How sweet is that? To be able to have that passive income coming in each month or each quarter where
Do you have a financial advisor? How comfortable are you with investing? Have you ever looked at your managed funds statements and wondered what all those fees are for? There is another way to look at investing and that is to take control yourself.
What does your retirement number look like? For some people the number that springs to mind is 60 or 65 years old. However there is another number that is more important than the age number. It’s the amount of passive income that is needed to come in each month in order to live on.