How you can get started on your wealth-building journey today.
Where are you at in your wealth-building journey? Have you started one? I recently had a class with our leaders at Powered by Impact, and we discussed three different things you need to know as you walk along your wealth-building path:
1. You need a plan. As harsh as it may sound, if you don’t have a solid plan for your wealth or financial freedom, you will never get there. Spend an afternoon thinking about where you want to be in this journey, and map out a course to follow.
2. Create a net worth tracker. It’s simple: Take a piece of paper, and start writing down your assets in one column. In another, list your liabilities and debts. Over time, you’ll be able to monitor and track exactly where your net worth is growing. Make sure to update this sheet every month.
“It’s never too late to start your wealth-building journey.”
3. Your age doesn’t matter. I often hear people say they wish they would have known about building wealth years ago. They think they’re too old for this information. That simply isn’t true. Take Warren Buffett, for example. He is one of the most successful investors out there. Did you know that 97% of his wealth came after the age of 43? This means he only had 3% of his wealth to start with before he reached his 40s! No matter what your age is, there is time to start your wealth-building journey.
If you don’t know where to start, I have two resources that I’m happy to provide to you. One is a net worth tracker, something I use on a monthly basis to update where I am at with wealth. The second resource is a recorded 30-minute conversation I had with a maps coach about building wealth. To receive either of these, email me, and I’ll send those right over. I want to help you move along your wealth journey.
