The two most important words in managing money and building wealth are “take control.” No one will ever watch your money or your financial future as well as you—no broker, financial planner, or insurance agent. Control begins with your written plan and is exercised through your choice of money strategies. The correct strategies turn wealth building, like walking, into a series of small, easy-to-accomplish steps.
Unless you were fortunate enough to be left a million dollars by a rich uncle, you must begin by learning to transform your income into wealth. There are_ only three types of money strategies needed to transform income into wealth, but you must use all three—none is optional. Omitting any one from your plan would have the same effect as removing a leg from a three-legged stool.
Tags: becoming your own financial expert, Finance strategies, tax strategies