Control & Wealth Building

Learn why you must control what happens with your finances if you desire to build wealth more efficiently…

 

It is important that you attack your finances in a manner where you are in control as the goal–as by doing so you can achieve much more.

 

Your goal is to solve your financial dilemma, before you have a financial dilemma!  And just as those who marched on Washington 60 years ago today dreamed big, so must you also want to dream big and not let others who have a limited dream–put their limitations on you!  You must set boundaries to protect your self-worth and you must know that your self-worth is far more important than your net-worth in the long run.  When you know you are in control, you live up to your expectations of yourself–not others expectation of you.

 

In this discussion TheWealthIncreaser.com will discuss the importance of controlling the management of your finances so that you can improve upon your finances in “all” areas.

 

The Importance of Controlling Your Finances

It is very important that you realize “right now” that you can control your actions now and achieve so much more as it relates to your financial future and the building of wealth.

 

By gaining control of your finances at the earliest time possible, you can position yourself to acquire more assets during your working years, protect your assets, and gift your assets while you are alive and even after you transition.

 

What You Gain by Controlling Your Finances

You control your finances by knowing your monthly cash flow, having mastery over how you manage your credit and applying key concepts in the areas of insurance, investments, taxes, emergency fund, education planning, estate planning/wills and retirement planning so that you can set yourself and your family up for a more prosperous future.

 

You will reach your goals in a timelier manner and that could help free up time so that you can sincerely do what you enjoy and live out your life in a more bountiful manner.

 

Why You Must Continue to Control Your Finances Throughout Your Lifetime

It is important to have a long-term perspective of why you must manage your finances comprehensively, along with a plan of how you will manage your finances more efficiently.

 

You must also have a plan in place to periodically review–if you truly desire to make your dreams come true.  By doing so you can leave worry, anxiety, fear, frustration, lack of effort and procrastination behind you–exactly where it should be.

 

Conclusion

Always realize that time is one of the greatest gifts ever given to you–and you have the ability to control how you utilize your time as well as control your daily actions as it relates to effective management of your finances.

 

You must realize that you can do far more than you are currently doing when it comes to the effective management of your finances.  You control your thought process, the decision making as it relates to what you are willing to learn and the actions that you will take on a consistent basis.

 

You control how you will save and invest and address your finances in a comprehensive manner!

 

You want to get to a point where you “never” discount yourself or your value–others may be against you, but you don’t have to be against yourself, as you control your actions and the direction of your future.  By changing your perspective about how you can control your future you will get to your destination faster.

 

You will face adversity along the way–but look at that as being you are that much closer to reaching your destination.  You must have the right attitude about things you don’t like or things that don’t go your way.

 

You must convince yourself of your ability to control your future!

 

In spite of the control over your finances that you may have (or will soon get), the greatest gift that you can give to others may be your time–and by controlling your finances effectively, you can open up more time to “spend” with your loved ones and create memories that will be lasting–primarily because you were in them and you used your time wisely by spending much of it with the ones you love.

 

Isn’t it time you open up a CAN of Success by truly deciding to give it your best?  You must control your actions now so that the success that you desire for yourself, and your family can materialize in real-time!

 

Now is the time that you “do more” so that you can open a new door and truly soar!

 

All the best as “you control your mind” and reach a higher level of financial and life success…

 

Return to Top

 

Return from Control & Wealth Building to More on Control & Your Finances

 

Return from Control & Wealth Building to Reflecting on Your Past & Building Wealth for Your Future

 

Return from Control & Wealth Building to Direction & Personal Finance

 

Return from Control & Wealth Building to Books by the Creator of TheWealthIncreaser.com

 

Return from Control & Wealth Building to Who is the Creator of TheWealthIncreaser.com

 

Copyright© 2014–2023–TheWealthIncreaser.com–All Rights Reserved

 

 

Precision & Wealth Building

Learn what you must do to precisely improve your finances…

 

It is important that you attack your finances with precision as a major goal–as by doing so you can achieve so much more.

 

In this discussion TheWealthIncreaser.com will discuss the importance of precisely analyzing and improving upon your finances in all areas.

 

And just as it is important that all of the tools that are necessary for the successful launch of a rocket is in place, so too is it important that you have the mental tools that will take you where you desire to go as you manage your credit and finances.

 

You must aim high if you are to exceed the sky

It is important that you formulate goals at this time that are significant and meaningful to you so that you can move to action more energetically and do what you need to do.  You must be as diligent as you can as you pursue all of your goals and particularly your wealth building goals.

 

Your goal is to set meaningful goals and have a serious intention on achieving what you desire most.  You must also have the willingness and determination to operate in excellence as you work toward your goals and by aiming high you put yourself on track to do just that.

 

What do you desire in the immediate-term, the short-term, the intermediate-term and the long-term?

 

These are the types of questions that you must ask, if the goals that you are aiming for are to become a reality!

 

You must put together a plan for achievement that has a timeline and is measurable

You must also put together written plans in key areas that you want to address and have a timetable for reaching those goals as a point of reference to see how well (or poorly) you are moving toward achieving those goals.

 

Whether you desire to manage your finances on a monthly and annual basis with more precision, manage your credit with more precision or manage any or all areas of your finances with more precision–you put in motion the steps to make it happen by not only formulating the goals that you desire most–but also by having a timetable for accomplishment so that you can determine how well or poorly you have performed (hit your target).

 

You must review, in the event that your precise goals go off track and must be created anew

Even if you fail to precisely reach your goals in the planned time frame, you must still have the determination to continue and move forward.  You may have to reformulate your goals and the timetable for achievement–however you must still know that those goals will be achieved!

 

From time-to-time you must also re-calibrate your mind so that you can see your future from a different vantage point or angle.

 

By doing so you can come up with new ideas and expand your creative energy and find ways of achieving your goals in a manner that is more enlightening and energetic–as you will gain more energy as a result of something that you came up with or created.

 

Conclusion

 

By attacking all areas of your finances in a precise manner you have already won–it’s already done–and it is the action steps that you put in place and will follow at a determined level, that will make it all happen!

 

Your decision to formulate goals that you believe in at this time–and pursue those goals with a high level of energy and enthusiasm is what can take you precisely where you need to be as you strive to achieve new goals so that you can truly be who you were meant to be.

 

And always remember that when you occasionally go off target (adversity raises its ugly head) you must still give it your best and expect success!

 

All the best as you precisely do what you need to do to make your dreams come true…

 

Return to Top

 

Gain more precision about the goals that you desire to achieve most by visiting:

 

About more on precision

About this site (realty-1-strategic-advisors.com)

About this site (the-best-atlanta-real-estate-advice.com)

About this site (TheWealthIncreaser.com)

 

Learn whether you have the clarity and focus that is needed to manage your finances in a comprehensive manner…

 

Return from Precision & Wealth Building to What is the 3 Step Approach to Managing Your Finances

Return from Precision & Wealth Building to Inaction & Wealth Building

Return from Precision & Wealth Building to Focus & Personal Finance

Return from Precision & Wealth Building to Commitment & Personal Finance

Return from Precision & Wealth Building to Who is the creator of TheWealthIncreaser.com

 

Copyright© 2014–2023–TheWealthIncreaser.com–All Rights Reserved

 

 

Knowledge, Enthusiasm, Guidance & Wealth Building

Learn how “a KEG of this” can enhance your wealth building efforts…

 

It is important that you have a certain level of knowledge as you pursue your wealth building efforts.  Although you don’t have to be an expert, you must have a yearning or strong desire to achieve optimally as it relates to building wealth.

 

You can increase your Knowledge level, Enthusiasm level and obtain the Guidance  that you desire, so that you can truly reach higher and avoid a financial fire!

 

In this discussion TheWealthIncreaser.com will attempt to point you towards greater wealth building success by providing you the knowledge that you need along with the guidance that you need–however you must bring the enthusiasm that you need–so that you can truly succeed–as you continue to read.

 

Increase Your Knowledge Level

Your desire to increase your knowledge base and improve your financial management skills are evident by the fact that you are visiting this page.  By gaining the knowledge that you need on the front end, you can position yourself for a much greater financial future where you can do more of what you desire, and hence enjoy life more fully.

 

By increasing your knowledge base about your finances in an intelligent, consistent and proactive manner, you are preparing your mind and heart for a more successful financial management future where the skills that you gain can be applied effectively.

 

Increase Your Enthusiasm Level

You must bring a strong desire and willingness to not only learn what you need to know; you must also be willing in a strong way to apply what you are learning when it is in your best interest to do so–thereby providing you the potential to truly grow.

 

You must at this time gear your mind up to pursue your goals with passion, as by doing so you can open a new door and achieve so much more!

 

You must turn up your motor and rev up your motivational level so that you can put yourself in greater position for success.

 

Increase Your Guidance Level

You must pursue your path to success with more precision and following a path that is proven and will get you the desired results and take you where you want–or need to be will go a long way in helping you reach your goal(s).

 

Your path to financial success can be made easier by you following a proven path that leaves failure behind in the wind exactly where it should be–and provides the needed direction and insight that allows you to thrive–while you are alive so that you can truly arrive!

 

Your decision to land on this page and site could be the “springboard to success” that you need so that you can from this day forward give it your absolute best as you build your financial nest and permanently put failure to rest.

 

Conclusion

Your determination to pursue the knowledge that you need can prepare you for major success in your future.  You no longer have to approach your financial management in a fearful or frustrated manner as you can now effectively plan your future with the guidance that can help ensure success–right from the start–if you are now ready to engage your mind and heart and otherwise do your part.

 

It is your responsibility to bring the proper focus, commitment level, motivational level–and other successful qualities to the table if you desire to achieve at a higher level and sincerely reach the goals that you desire most.

 

You can now give yourself a toast–at your own roast, because you decided to give it your most as a result of visiting this post!

 

All the best as you take down a KEG and achieve major success…

 

Return to Top

 

Return from Knowledge, Enthusiasm, Guidance & Wealth Building to The 3 Step Approach

Return from Knowledge. Enthusiasm, Guidance & Wealth Building to Knowledge & Personal Finance

Return from Knowledge, Enthusiasm, Guidance & Wealth Building to Enthusiasm & Wealth Building

Return from Knowledge, Enthusiasm, Guidance & Wealth Building to Direction & Personal Finance

Return from Knowledge, Enthusiasm, Guidance & Wealth Building to Balance Enthusiasm & Desire

Return from Knowledge, Enthusiasm, Guidance & Wealth Building to Enthusiasm & COVID-19

Return from Knowledge, Enthusiasm, Guidance & Wealth Building to Random Thoughts & Wealth Building

Return from Knowledge, Enthusiasm, Guidance & Wealth Building to Reflecting on Your Past

Return from Knowledge, Enthusiasm, Guidance & Wealth Building to Motivation & Wealth Building

 

Copyright© 2014–2023–TheWealthIncreaser.com–All Rights Reserved

 

Synergy & Wealth Building

Learn how you can “synergize” your wealth building efforts so that you can attain the goals that you desire most…

 

It is important that the goals that you formulate and the path that you choose to take to reach those goals are in balance or are all working together (synergizing) if you are to achieve at your highest level of excellence as you build wealth.

 

In this discussion TheWealthIncreaser.com will stress the importance of looking at your finances in a comprehensive or “all encompassing” manner so that you can see the “big picture” and attain more in all areas of your finances so that you can build wealth more effectively.

1)

Have an overview of what your personal finances entail–right from the start

By learning how you can create a personal budget or cash flow statement, create a personal income statement and create a personal balance sheet, you can determine and know your net worth at this time–and ways that you can manage your money better in your future.

 

Furthermore, you want to learn how to have mastery over your credit in order to prevent lenders and creditors from benefiting off of your lack of knowledge as it relates to your credit management.

 

And most importantly, you want to know how to manage your insurance, investments, taxes, emergency fund, education planning, estate planning/wills and retirement planning from a position of strength!

 

By doing so you would be in position to know in a comprehensive manner what lies out in front of you in the financial realm of your life, and you would be in a better position to make your dreams come true.

2)

Do your absolute best to put in place a financial management plan that you learned above in a manner that works best for you and your family

Now that you know what you need to do, you must implement to your advantage what needs to be addressed as best you can.  Your strong desire for improvement and doing your money management more effectively is now more realistic as you now have a blueprint that lays it all out.

 

You must have a sincere approach and the determination, dedication, commitment and mental fortitude to really strive at your highest level of excellence toward the goals that you seek–or the goals that can improve your living conditions.   By formulating goals that you believe in and taking the right action on a consistent basis– you can win the majority of your races.

 

The personal budget or cash flow statement, personal income statement and personal balance sheet, that you are now aware of and have the opportunity to put into action for your greater benefit must be done at this time–if you desire to achieve at your highest level throughout your lifetime.  You also want to take steps annually to improve upon your net worth so that you can enjoy life more and volunteer or donate to your favorite causes and take the vacations that you know you deserve–along with pursuing other goals that you may have that are uniquely your own.

3)

Do periodic review to ensure that the plan that you put in place is operating as intended–or is operating in a way that does what needs to be done to move you and your family forward–efficiently

Even with the best of intentions, your (or your financial planners) plans may not go as designed and will need tweaking on occasion.  You want to formulate your mindset at this time to always know that you will have to continually review–in order to make your dreams come true.

 

And always know that adversity or unwanted occurrences will happen as you build your wealth–and that is to be expected, but so is your future success!

 

By reviewing your personal budget or cash flow statement, your personal income statement and your personal balance sheet, that you (or your financial planner) created, reviewing how you manage your credit and reviewing how you manage all areas of your finances in a systematic way–you put in motion the processes so that you can truly enjoy a better day.

 

Conclusion

As you build wealth you must utilize strategies so that all that you do works together to help you get on a more efficient path that will help you reach your goals in a manner that optimizes your opportunity for success.

 

Your determination level, commitment level and the passion that you have on the inside of you will be maximized so that you remain energized because you decided to synergize your efforts as you pursued the goals that are the most endearing to your heart.

 

By looking at your finances in a more congruent manner you will reduce the stress in your life and worry, anxiety, fear, frustration, lack of effort and excuses will be greatly reduced or will be a thing of your past.

 

It is very important that you at this time contemplate how changes that occur throughout your life will affect your wealth building plans, how inflation will affect your purchasing power in the future, how a properly funded emergency fund will help you avoid future risks, how you must anticipate how the economy will move in the near term and far term and why approaching your finances comprehensively is a must in today’s economy.

 

You want to analyze your insurance products at this time, your investments at this time, your ability to reduce or eliminate your taxes at this time, your ability to plan effectively for rising educational costs that you or your children will incur, your need to pass things to your family in a time-efficient manner that is private, your ability to plan for your retirement in a manner that makes sense to you–along with other concerns that you may have.

 

It is important to look at how the above 3 steps will “all work together” to help you ensure that your goals are attained, and you are able to maximize your wealth building efforts from this day forward.

 

By effectively implementing the three steps above your life will take a turn for the better and momentum and effective money management will come as a matter of course–if you put forth the required effort and you are passionate about the goals that you seek.

 

Synergy is the combined action or operation of a harmonious occurrence or happening and you want to have it working to your advantage as you manage your finances and build wealth!

 

Speaking of harmony–synergy can also work against you as in the case of the creator of TheWealthIncreaser.com.  While creating this blog a toothache, lower back pain, knee pain and foot pain was all occurring simultaneously or synergistically and working in conjunction to cause intense pain throughout my body.

 

However, whether the occurrence was harmonious is debatable, as the effect was not pleasing (LOL)!

 

Nevertheless, instead of getting down, the inspiration to create this page occurred–and also spurred the inspiration to create the following poem to benefit you and others who traverse this great universe:

 

I AM

I am in pain from head to toe, however I am still on the go

My vision for success is crystal clear, because I’ve taken and implemented new steps this year

I am on my way to more success each and every day

The missteps that I use to take–I no longer make

Even though I feel pain from head to toe–I know that it will all go

I am living abundantly because I can truly see

I am at this time living in my purpose of what I was truly meant to be

I am the success that I desire because I always reach higher

I now know that I am the one who must ignite my own fire inside my heart–so that I can truly set myself apart

I AM success if I decide daily to give it my absolute best

From this day forward my thoughts of failure have been permanently put to rest

 

In life you must overcome all adversity and put in place a plan that you believe in that is unstoppable and takes you where you need or desire to be!

 

All the best as you maximize your path toward wealth building success…

 

Return to Top

 

Return from Synergy & Wealth Building to What is the 3 Step Structured Approach to Managing Your Credit & Finances

Return from Synergy & Wealth Building to Consistency & Personal Finance

Return from Synergy & Wealth Building to Balance & Personal Finance

Return from Synergy & Wealth Building to Presence of Mind & Wealth Building

Return from Synergy & Wealth Building to Inaction & Wealth Building

Return from Synergy & Wealth Building to Money Management Personalities

 

Copyright® 2014–2023–TheWealthIncreaser.com–All Rights Reserved

 

 

 

Money Management 202 & Wealth Building

Learn if you know your money management personality and how you can build wealth more efficiently…

 

In the current economy many are facing difficult challenges as rising costs and insufficient income has caused undue hardship in the lives of many who are trying to manage their finances and stay above water.

 

Whether you manage your money and finances effectively or ineffectively, it is important that you know “how you manage your money” and ways that you can possibly do your money management in a more advantageous way for you and your family.

 

In this discussion TheWealthIncreaser.com will discuss in clear terms how you can use “effective money management” to build upon your current money management skills so that you can achieve more throughout your lifetime.

 

Ask the right questions so that you know how you manage your money

Do you spend more or less than you take in on a weekly, monthly or annual basis or do you even have a clue?  Do you have funds properly set aside for unseen emergencies such as your washer or dryer going out, HVAC issues, car breakdowns and other emergencies, or do you lack the understanding of “why” you even need an emergency fund?

 

If you are a homeowner, do you have appropriate insurance coverage?  If you were to sell your home right now how much cash would you walk away with?

 

Do you know the interest rate(s) that you are paying on your credit card(s), auto loan(s) and mortgage loan(s)?  Are you now in position to invest in a wise manner or do you invest in a random manner?

 

When you file your income taxes on an annual basis is the amount of the refund or the amount you owe a surprise to you–or is it about what you expected?  Are you aware of rising educational costs and how they affect you and your family?

 

If you were to unexpectedly transition, do you know how large or small the insurance payment will be to your loved ones–and whether your loved ones would quibble over the proceeds?

 

When you start receiving your social security, pension and other retirement income, do you know what the payment will–or needs to be on an annual basis that would allow you to live at your current level–or better?  If you have retirement savings, do you know what percentage is in stocks, bonds, real estate, cash etcetera?

 

Do you know your net-worth and do you know that your self-worth is far more important than your net worth–as you build upon your wealth?

 

Learn ways that you can manage your money better

Regardless of how you answered the above questions, it is important that you at least had the determination to ask them and answer them with a high level of sincerity and realness!  By doing so you open up your mind to new possibilities and new ways of managing your finances that are more effective than what you are currently doing.

 

By learning how you can create a personal budget or cash flow statement, create a personal income statement and create a personal balance sheet, you can determine and know your net worth at this time–and ways that you can manage your money better in your future.

 

By asking the right questions about how you can manage your credit better you can learn how to use the improved perspective of your credit understanding to manage your credit better in all areas of your credit management!

 

By asking the question of “how can I manage my finances more effectively in a comprehensive manner” you can open up your mind to learning new ways of managing your finances in a comprehensive and all-encompassing manner so that you can achieve more throughout your lifetime.

 

Build wealth in a consistent and highly effective manner

It is important that you realize that effective money management is a process and occurs over time by those who operate in a consistent manner by addressing their overall finances at a level that is their absolute best.

 

You must be willing to leave excuses behind and put in the required effort over time if you desire to achieve meaningful results.

 

Most importantly you must know what you need to address and learn better ways to address what needs to be addressed in the most efficient and effective manner possible–based on your financial capacity and motivational level!

 

Your consistency in action over time and addressing key areas of your finances in a manner that is unique to your particular situation will help ensure that you are effective in reaching the goals that you aim to reach.

 

Conclusion

 

 

Managing your money effectively in today’s economy can be done by you if you have the commitment to ask the right questions so that you can determine where you now stand, make improvements where you can, know what you need to avoid–and learn EFFECTIVE MONEY MANAGEMENT SKILLS that you can use throughout your lifetime.

 

It all starts by you looking within to determine your level of commitment to truly analyze and ask the right questions upfront so that you can get the right answers and put into practice effective money management strategies that will get you the desired results–or the results that you need to achieve to make your life more meaningful and significant while you are here on planet earth.

 

Although you don’t have to have mastery over every financial concern imaginable, you do need to have a comprehensive overview of your finances and a feel for your financial future that exudes success–as that is a requirement in today’s society for those who desire to achieve at a high level.

 

All the best to your new level of “money management” success…

 

Return to Top

 

Return from Money Management 202 to what is the 3 Step Structured Approach to Managing Your Finances

Return from Money Management 202 to Money Management Personalities

Return from Money Management 202 to more on Money Management Personalities

Return from Money Management 202 to Money Management in Era of COVID-19

Return from Money Management 202 to Money Management & Wealth Building

Return from Money Management 202 to Efficient Money Management

Return from Money Management 202 to Financial Management Skills & Wealth Building

Return from Money Management 202 to Personal Financial Statements

Return from Money Management 202 to Credit & Personal Finance

Return from Money Management 202 to Finance Improvement

 

Copyright®–2014–2023–TheWealthIncreaser.com-All Rights Reserved

 

Plan–Do–Review & Wealth Building

Learn why you must plan—do and review–if you are sincere in making your wealth building dreams come true…

 

In the times that we now live in there are an abundance of pathways that you can take to attain the goals that you desire most–whether financial or otherwise.

 

However, many pathways are complex and confusing and causes more frustration than forward movement in your life.

 

It is important that you realize that wealth building can be simplified by your sincere understanding and practical application of why you must Plan, Do and Review if you are one who desire to embark on a surefire path toward making your dreams come true!

 

In this discussion TheWealthIncreaser.com will stress the importance of managing your finances at an optimal level in a “simple” to the point, 3 step process (PDR) that you can use throughout your lifetime to achieve lasting wealth building success!

 

Plan

Know the 3-step approach and how that approach can benefit you and your family

It is very important that you have a “readily comprehensible system” that you can apply in your daily life that can benefit you and your family as you manage your finances.

 

It is important that you know how to use personal finance statements to your benefit, how to have mastery over your credit and how to manage all areas of your finances in a comprehensive manner.

 

By gaining that knowledge you put yourself well ahead of the average consumer who has no meaningful way of knowing what they are doing financially on a daily basis when it comes to managing their finances at an optimal level–or in many cases any level!

 

You must have a clear understanding of the steps that you can take to reach meaningful goals and it all starts by you planning at this time for what you desire in your future.

 

Do

Put in action the 3-step approach in a sincere manner

Your knowledge of a comprehensive system that you can utilize throughout your life to more effectively manage your finances is of no real value unless you “utilize” the system to your and your family’s greater benefit.

 

You must use the results of your personal finance statements to plan better and make improved decisions as it relates to your finances!  You must use the mastery of  “your” credit that you should have if you were sincere in learning how to utilize credit to your advantage–in a way that benefits you and your family the most–not creditors!

 

Finally, you must analyze your insurance, investments, taxes, education planning, estate planning/wills and retirement planning in a way that allows you to improve in each area and takes you closer toward the dreams that are uniquely yours!

 

By taking action, or taking the right action–you put yourself on a more committed path to attaining the goals that you desire most.

 

Review

Review the effectiveness of the 3-step approach on a consistent basis if you desire to achieve more

You must review the effectiveness of what you have done as far as managing your finances on a monthly basis and that includes knowing what you take in and pay out on a monthly basis.  That also includes reviewing of your emergency fund on occasion to ensure that it is properly funded.

 

Are you managing your credit effectively or are you running up balances due to a poor or non-existent money management system?

 

Are you looking at your finances comprehensively to see where you can improve at–now and in your future?

 

By asking pertinent questions about your finances, you can put yourself in position to achieve much more–and by occasionally reviewing what you can possibly do better you open up a new door–for even greater success–so your finances will never be a mess!

 

You may have to reflect on your past, re-focus on your future and come up with better ways of managing your finances on a more consistent basis.

 

Conclusion

By consistently applying the 3 steps mentioned above throughout your lifetime you can better direct your future and control the outcomes that you desire in a more definitive manner than if you did not do so.

 

Whether your goal is debt payoff, more effective credit management, improving your finances in all areas–or any other goal that is more specific–you enhance the probability of it happening exponentially by “implementing” the 3 steps above on a consistent basis in your life!

 

Always remember that when it comes to effective wealth building, the success that you desire is up to you! 

 

It is important that you do all that you can proactively so that you can really make your dreams come true.

 

You may on occasion have to tweak the goals that you seek and not be meek–so to speak (you must aggressively pursue your goals) so you won’t have to repeat the mistakes of your past or mistakes that will not serve you well.

 

Your goal is to operate on a higher plane of thought and see your future with more clarity–and you must always have the mindset that you will overcome any adversity that you are now facing, have faced in your past–or might face in your future.

 

Always remember that by reflecting on your past you can put yourself and your family on a more direct path toward the success that you desire.  And you can plan better, do better, and review better as you aim higher toward the goals that are uniquely your own!

 

You now have the powerat this hour to achieve lasting wealth building results that will not be sour!

 

By planning what you will do in the financial realm of your life, doing what you need to do in the financial realm of your life and reviewing what you have done in the financial realm of your life–on a more consistent basisyou can move forward and achieve more–with less sacrifice.

 

All the best as you consistently implement the above steps that can potentially lead you to a lifetime of success….

 

Return to Top

 

Return from Plan, Do and Review to What is the 3 Step Structured Approach to Managing Your Finances

Return from Plan, Do and Review to Lack of Action & Wealth Building

Return from Plan, Do and Review to Timing & Personal Finance

Return from Plan, Do and Review to Wealth Building Basics

Return from Plan, Do and Review to Financial Aggressiveness & Wealth Building

Return from Plan, Do and Review to Financial Management Skills & Personal Finance

Return from Plan, Do and Review to Financially Alert Mind versus Financial Literacy

 

Copyright© 2014–2023–TheWealthIncreaser.com–All Rights Reserved

 

 

Reflecting on Your Past & Building Wealth for Your Future

Learn the importance of reflecting on your financial past so that you can enhance your wealth building future–at last…

 

As it relates to your finances and wealth building you have had many successes and failures in your past, and if you are like most who have effectively turned their financial position around to that of lasting success–you on occasion reflect back on those past successes and failures.

 

If you have not seriously contemplated the financial management style of your past (or present), it is very important that you reflect on–or give deep thought to the ways that you have managed your finances in your past so that you can manage your finances better now–and in your future!

 

In this discussion TheWealthIncreaser.com will discuss the importance of reflecting on your past so that you can process your future from a position of strength and build wealth from a more rewarding perspective.

 

You must have the ability to reflect on your past

It is important that you communicate with your mind and heart and travel back in your life to determine how you have approached your finances and how you can possibly manage your finances better and achieve more throughout your lifetime.

 

Whether you have managed your finances poorly in your past or you consider yourself to be an effective money manager–it is important that you look back and see how you truly approach the management of your finances!

 

You must use your past as an opportunity to learn and do more in your future

Just “reflecting on your past” may not be enough–you must also determine what you did right and what you did wrong (and also what you are doing right or wrong at this time) so that you can eliminate what did not work or what was adverse to your progress–and include more prominently what did work–that could be more promising for your future and could help you move forward and achieve more–in a more efficient manner.

 

You must not do like many who go about life on a daily basis without a conscious understanding of how they have managed their finances in their past, how they manage their finances at this time–or how they plan to manage their finances more effectively in their future.

 

Even when you find what works for you–you must do continuous review–if you sincerely desire to see your dreams come true

As you reflect on your past and anticipate a better future you must consider the steps that you can take that will have the most effect as far as moving you forward toward the dreams and goals that are uniquely your own.

 

Are you aware that you can create a budget or cash flow statement that can provide you more direction so that you can leave what did not work in your financial past–in the past and help you forge a better future for yourself and your family?

 

Additionally, are you aware of how you can use personal income statements and personal balance sheets to improve your net worth throughout your lifetime?

 

Do you know ways to manage your credit effectively so that you can eliminate or reduce the effects of poor credit management that is occurring now or may have occurred in your past–and you didn’t even realize it?

 

Have you reflected on how well (or poorly) you have managed all areas of your finances in the past–or is it a mystery to you as to what “all areas of your finances” even entails?

 

By managing your insurance, investments, taxes, education planning, estate planning/wills, and retirement planning–and doing a periodic review–you can put yourself and your family in a better position to make your dreams come true!

 

Conclusion

By reflecting on your past in a sincere way–you can make a better effort toward making your dreams come true–starting today.

 

You must on occasion reflect on what you have and have not done in your past so that you can make better decisions at this time and achieve more in your future.  By “comprehensively” looking at what you can do to make your dreams come true–you help your heart and mind search more deeply–to more effectively determine what you need to do!

 

And just as the creator of TheWealthIncreaser.com has reflected back over the years, dreamed big and looked at the past impact of over 700 web page blogs to see how pages could be created better to help worldwide visitors achieve lasting wealth building success that would take them where they truly needed to be in an even more effective and efficient manner–so too must you reflect back so that you can improve your wealth building attack–and not live out the remainder of your life with lack.

 

You must overcome or overwhelm your past adversities and life happenings that did not go your way as real success that is lasting only occurs to those who are willing to fight through their adversities because they know a bigger and brighter day lies in the horizon–if they decide to continue to move forward–consistently and persistently.

 

Did you know that by reflecting on your past, you can increase (your focus) or where your energy flows–and you will be more acutely aware of where your energy goes?

 

Did you also know that if you get more energy to transmit (by properly focusing on what you need to do at this time) the more energy you will get–and the sooner you will achieve your goals–and therefore your movement won’t be limited by you playing the wrong roles (utilizing the wrong money management approach)?

 

By focusing–or re-focusing on what is important to you based on reflecting on your past, you can more definitely determine what you need to do to move toward success that will truly last!

 

Now is the time that you reflect on your past–so that you can achieve real success that will last–and it is the desire of TheWealthIncreaser.com that you enjoy the takeoff–as it should truly be a blast!

 

All the best as you “reflect” and not deflect as you pursue unlimited wealth building and life success…

 

 

Return to Top

 

Return from Reflections & Wealth Building to What is the 3 Step Structured Approach to Managing Your Finances

Return from Reflections & Wealth Building to Re-focusing Your Mind for Success

Return from Reflections & Wealth Building to Love & Personal Finance

Return from Reflections & Wealth Building to Wealth Building & You

Return from Reflections & Wealth Building to Re-calibration & Wealth Building

Return from Reflections & Wealth Building to Tough Times & Wealth Building

Return from Reflections & Wealth Building to Adversity & Personal Finance

Return from Reflections & Wealth Building to Standards & Personal Finance

Return from Reflections & Wealth Building to Endurance & Personal Finance

Return from Reflections & Wealth Building to Who is the creator of TheWealthIncreaser.com

 

 

Copyright© 2014–2023–TheWealthIncreaser.com–All Rights Reserved

 

 

Planning for Your Transition & Wealth Building

 

Learn why you must take effective wealth building steps now so that you can have your wishes carried out after you transition…

 

In life we all feel invincible at some point in time, however in reality we are here for a finite amount of time and the day we transition will undoubtedly occur.

 

As the creator of TheWealthIncreaser.com has seen many transition over the years–including a devoted mentor, a younger sibling, aunts, uncles, nieces, nephews, parents including his mother during the height of the Covid-19 epidemic— along with many other loved ones over the years–and the period of grieving was not (and still isn’t) a positive experience.

 

Even so, while you are alive you have the opportunity to lighten the grieving period of your loved ones who remain after you transition by planning for a more orderly process after you transition at this time, because you will have absolutely no control over the process–once you transition.

 

You can control what happens to your assets and put your loved ones in position to live with more harmony after you transition by planning appropriately in a more appropriate manner (pun intended).

 

In this discussion TheWealthIncreaser.com will discuss the importance of planning now so that you can live out your remaining years on earth at a level of comfort that allows you to know that your affairs are in order, and you can enjoy life in a fuller manner.

 

Assess your Estate Planning /Wills Planning at this time

It is important that you assess your estate planning/wills at this time to determine if what you have is sufficient–or if you have not even started the process you want to know where to start.

 

Do you desire to leave what you have accumulated over your lifetime in a way that you control the process–or are you willing to let your governmental entities, or others determine where your hard-earned assets should go?

 

By assessing your financial situation at this time, you give yourself the opportunity to direct what happens with your assets after you transition.  Whether you desire to leave your assets to your children or grandchildren, your church that you have attended for many years, the college of your choosing, the foundation that you started or any other destination–you have the power to make it happen now–while you are alive!

 

You also force your mind to ask pertinent questions about yourself and your journey toward success while you are on planet earth and by doing so you can show what you value most, even after you transition.

 

Make the needed or necessary moves at this time while you are alive

By forcing your mind to ask pertinent questions about what you desire to leave to others after your transition, you can put yourself in position to know if a will and/or estate planning is needed–depending on the expected valuation of your estate along with a sound way to divvy up what you have accumulated over your lifetime.

 

At a minimum you want to at least create a will so that you (and in most cases not the state) control the direction that your assets will travel in–and travel to!  If you have a net worth of several hundred thousand–you may need to seriously consider estate planning so that you could possibly direct where your assets go in an even more effective manner.

 

Keep in mind that a will may be open to the public, whereas a trust and other legal maneuvers inside of your estate may not be open to the public!

 

Monitor and make adjustments to your Estate Planning /Wills when necessary

While you are alive and after you have created your will and/or estate plan–you will have to make adjustments as deaths, births, financial windfalls and other happenings of life could lead to you changing your beneficiary elections, details of your will and estate plan designations along with the timing of disbursements.

 

It is not uncommon to make adjustments while you are alive, so be sure to keep that in mind as you increase your net worth to a level that allows you to gift to others.

 

If you fail to plan appropriately, the operation of law may not work in your (or your heirs) favor as far as the assets that you have going to where you intended that they go, if you have not outlined in a legal way–your desires.

 

Conclusion

Prior to “your sendoff into the heavens” it is important (and possibly difficult to confront) that you plan for what will happen after you transition with your family members and others who need to know how you want your affairs handled after you transition!

 

By proactively addressing what you desire after you transition you can make the process less burdensome on all parties involved (you will no longer have an opportunity to re-actively respond–because once you transition, you can’t respond in any manner that can benefit your heirs in ways that you may desire).

 

Whether you have invested consistently over a number of years and now have an estate of several hundred thousand or you have managed your finances at a very high level and now have millions–you want to avoid inheritance and estate taxes if you can–or at a minimum lessen the effect that it will have on your loved ones!

 

Most importantly your desired wishes will be carried out and potential family squabbles can be eliminated or reduced.

 

You also want to use insurance, “stepped up basis” and “beneficiary designations” to your advantage–not the governments!

 

All the best–to successful estate planning–prior to your permanent rest…

 

Return to Top

 

My Estate is Valued Over 10 Million–Is My Estate Subject to Taxation?

Return from Planning for Your Transition & Wealth Building to What is the 3 Step Structured Approach to Managing Your Finances

Return from Planning for Your Transition & Wealth Building to Estate Planning & Wealth Building

Return from Planning for Your Transition & Wealth Building to More on Estate Planning & Wealth Building

Return from Planning for Your Transition & Wealth Building to Estate Planning & Personal Finance

Return from Planning for Your Transition & Wealth Building to Estate Planning Basics

Return from Planning for Your Transition & Wealth Building to Wealth Building Basics

Return from Planning for Your Transition & Wealth Building to Consistency & Personal Finance

 

 

Copyright© 2014–2023–TheWealthIncreaser.com.–All Rights Reserved

 

 

Education Funding Vehicles & Wealth Building

Happy Birthday Mom…

 

Learn why effective education funding requires that you proactively analyze your finances at this time…

 

As you (or other members in your household) contemplate your desire to achieve your higher education dreams, it is important that you anticipate the costs that are associated with funding and reaching those dreams.

 

You must plan in advance for rising educational costs as those costs will normally outpace inflation, therefore you need to have a return at or above inflation to even be in the ballgame as far as effectively meeting your higher education expenses.

 

In this discussion TheWealthIncreaser.com will stress the importance of starting early when it comes to funding your or your children’s educational costs in the future so that you can enjoy life more and still meet the educational goals that you desire for yourself and/or your loved ones.

 

Never underestimate the importance of starting early

By anticipating your educational costs at the earliest time possible, you give yourself and other members of your household (who may desire pursuing higher education) additional time to “recalibrate their finances” and reach a savings level that can lessen the burden of rising educational costs that will undoubtedly occur.

 

You can use the time value of money, market activity and a well thought out plan to increase your capital gains and account earnings over a number of years so that you can make the payment of higher education less burdensome.

 

Know the number you need to hit to effectively fund your educational costs and then do the best you can to hit that number

You cannot just save consistently with no plan in place that tells you the “number” that you need to hit to make the educational funding number–one that you can use to make the college of choice not only the one that you desire to attend, but one that is affordable as well.

 

You want to meet or exceed the number that you need to hit so that you won’t have to use your current income (as the creator of TheWealthIncreaser.com had to do), borrowing or other adverse means to fund your or your child’s higher education costs.

 

Do continuous review so that you can make adjustments if that is what you need to do

In life adversity will occur, and it is how you respond to that adversity that is the real key as to how you will propel toward your goals in the future.  You must be resilient and bounce back from “life’s happenings” that throw your educational funding off track.

 

And you must make it a point to do your absolute best to stay focused and achieve what you need to achieve in spite of occasional setbacks!

 

You also want to set yourself up for success by consistently investing over time, and automatic contributions to educational funding vehicles will help you do just that if you now have the meansand a long-term plan that allows you to hit the number (or come as close as you absolutely can based on your circumstances) that makes borrowing unnecessary–or at worst less burdensome for you and your family.

 

Conclusion 

Regardless of where you reside, the importance of funding higher education cannot be underestimated as by achieving at a high level you can use your education to unlock doors that you may have never imagined at this time–or even in your future.

 

Therefore, it is important that you get out in front of your educational goals as higher education normally comes with a cost in many parts of the world. 

 

By starting early, knowing the number that you need to reach to make your educational borrowing costs zero or a manageable number, you can put yourself in position to get the education that you desire and pursue your life purpose; thereby living out your life with more joy.

 

There are now many educational funding vehicles to choose from including the highly popular 529 savings plan that can be used from the elementary school level to the collegiate level, IRA’s, Coverdell accounts, ABLE accounts, and many other funding vehicles that allow you to save in a manner that you will potentially feel comfortable doing.

 

If you have two children who desire higher education, and one later changes their mind–you can use 529 contributions of the one who chose not to attend (transfer the funds in their account) on the one who does choose to seek higher education, or the money can revert back to you if no one chooses to go to college (technicalities apply).

 

In addition, you may be able to deduct the 529 contributions on your state tax return if you live in a state that allows you to do so–and even if you don’t live in a state that allows you to do so, your earnings from the contributions will grow tax free at the state and federal level, if used for appropriate educational purposes!

 

In spite of your best educational funding efforts, it is not uncommon to fall short–even so you will be in a better position than most–as you will at least have a large portion of what you need to fund higher education for yourself and/or your children.

 

You can also use Federal Student Aid to assist in meeting the rising cost of higher education. However, realize that it is not your best option–therefore do your best to plan appropriately for your anticipated educational needs in a proactive manner.

 

Work-study programs and working your way through college are also options to help reduce college costs–and academic and athletic scholarships can also be pursued at a high level to help reduce the costs of higher education as your child moves from middle to high school (keep in mind that your children will generally still have “out of pocket expenses or shortfalls”–even if they receive an academic or athletic scholarship).

 

Pell grants and other assistance may also be available to those who qualify based on the completion of FAFSA forms along with other documentation!

 

In addition, you want to know that at this time in the United States tax code–you (or possibly your child) can deduct student loan interest if you or your child have to take out a loan in the future (income thresholds apply on this and other educational credits and deductions).

 

Furthermore, if you pay for tuition and fees out of your personal funds or current earnings (AOC credit and LLC credit) there may be tax advantages for doing so–if you qualify.  IRAs also allow you to save in a tax efficient manner for educational purposes, if done appropriately.  Also, many employers will pay for educational costs of employees in many instances–so if you are currently employed–you may want to inquire into the possibility at your company.

 

Always remember that time expands–based on your level of procrastination that your mind allows! 

 

It is important that you make the decision now to save for your (or your loved ones) educational expenses in an efficient manner so that you can achieve your educational goals and live out your life more abundantly while here on planet earth.

 

All the best toward unlimited educational success and consistent saving so that you won’t achieve less…

 

Return to Top

 

 

Return from Education Funding Vehicles & Wealth Building to More on Education Funding

Return from Education Funding Vehicles & Wealth Building to Why You Must Properly Establish an Emergency Fund

Return from Education Funding Vehicles & Wealth Building to Education Planning & Personal Finance

Return from Education Funding Vehicles & Wealth Building to Education & Wealth Building

Return from Education Funding Vehicles & Wealth Building to College Graduates & Wealth Building 

Return from Education Funding Vehicles & Wealth Building to Growth & Wealth Building

Return from Education Funding Vehicles & Wealth Building to Education Planning Basics

 

 

Copyright©–2014–2023–TheWealthIncreaser.com–All Rights Reserved

 

 

Investment Returns & Wealth Building

 

Learn what you can do to determine if your investment returns are doing as well as you think they are as you build wealth…

 

Although choosing a financial planner or advisor can be a wise choice for some, in many instances professional advisors do no better than the market as a whole.

 

Whether you have an advisor at this time or you are choosing your portfolio yourself, you can now compare your returns to those of total market index funds (you can choose among many) to see how well (or poorly) you and/or your financial planner(s) have done over the past few years or so.

 

You will have to “adjust your allocation figures” to reflect “your mix” and then multiply by the index funds’ returns to get your total portfolio return for the year.

 

In the examples below, you will see an allocation of 70% United States stocks, 20% International stocks and 10% bonds–and the total portfolio returns over the years 2022, 2021, 2020 and 2019 and you can then compare your results based on your allocation to those below or other portfolios that you may want to use as a point of comparison.

 

You basically multiply your “allocation percentage” by the “year end return” of your selected portfolio percentage for United States stocks, international stocks and bonds–and then total them up to get your total portfolio return.

 

You can do this for 2022, or if you prefer (or you feel up to it) you can go back three additional years as well by fully grasping the discussion below!

 

2022
If you have 70% allocated to stocks: 70% * -19.53% = -13.67%

If you have 20% allocated to international stocks: 20% * -16.10% = -3.22%

If you have 10% allocated to bonds: 10% * -8.40% = -0.84%

 

TOTAL PORTFOLIO RETURN -17.73%

 

As you can see, 2022 was a bad year for many in a down market!

 

2021

If you have 70% allocated to stocks: 70% * 25.71% = 17.99%

If you have 20% allocated to international stocks: 20% * 8.84% = 1.77%

If you have 10% allocated to bonds: 10% * -2.41% = -0.24% (Note: 3 yr. return 2020-2022)

 

TOTAL PORTFOLIO RETURN 19.52%

 

2021 was a much better year for many compared to 2022!

 

2020
If you have 70% allocated to stocks: 70% * -20.99% = 14.69%

If you have 20% allocated to international stocks: 20% * 11.24% = 2.25%

If you have 10% allocated to bonds: 10% * -2.41% = -0.24% (Note: 3 yr. return 2020-2022)

 

TOTAL PORTFOLIO RETURN 16.70%

 

2020 was also a decent year for many!

 

2019
If you have 70% allocated to stocks: 70% * 30.80% = 21.56%

If you have 20% allocated to international stocks: 20% * 21.80% = 4.36%

If you have 10% allocated to bonds: 10% * .85% = .085% (Note: 5 yr. return 2018-2022)

 

TOTAL PORTFOLIO RETURN 26.01%

 

2019 was a really good year for many!

 

Below are the numbers from which the above calculations were made:

 

Vanguard Total Stock Market Index

Minimum investment $3,000

Expense Ratio .04

 

YEAR           1ST QUARTER                                 YEAR-END RETURN

2022                -5.46%                                                     -19.53%
2021                 6.43%                                                       25.71%
2020                -20.87%                                                     20.99%
2019                 14.04%                                                     30.80%

https://investor.vanguard.com/investment-products/mutual-funds/profile/vtsax

 

Vanguard Total International Stock Index Fund Admiral Shares

Minimum investment $3,000

Expense Ratio .11

YEAR-END RETURN
2022           -16.10%
2021            8.84%
2020            11.24%
2019            21.80%

https://investor.vanguard.com/investment-products/mutual-funds/profile/vtiax

 

Vanguard Total Bond Market Index Fund Admiral Shares

Minimum investment $3,000

Expense Ratio .05

1 yr. -8.40%
3 yr. -2.41%
5 yr. 0.85%
10 yr. 1.39%
Since inception 2001 3.33%

https://investor.vanguard.com/investment-products/mutual-funds/profile/vbtlx#performance-fees

 

Conclusion

By comparing how your portfolio has performed against an index fund you can determine if you (and possibly your planner) had a better return than benchmarks that are available!  Always keep in mind that many funds have a minimum investment amount along with an expense ratio for the management of the fund.

 

The lower the expense ratio the better it is for you, generally speaking–because that means your fund balance is not being chipped away by fees.

 

The allocation breakdown included above is at 70%/20%/10% for a 4-year period and that is done for illustrative purposes only, as allocations will vary from year to year as in many cases you will have to “re-balance” (fees will be involved) your portfolio.  It is also not uncommon for portfolio allocations to fluctuate due to market conditions–even in low-turnover funds.

 

Did you and/or your planner do better or worse than the market portfolios listed above–or a market portfolio fund that you chose?

 

By doing this simple analysis you can determine if you are getting worthwhile returns or whether a change in approach is possibly needed!  Also keep in mind that your returns will be greatly affected by whether your investments are “inside of your retirement account” or “outside of your retirement account” as tax deferral or taxation will play a major role in your returns–particularly over time.

 

Your goal is to invest in the most tax efficient manner possible based on your goals–no pun intended!

 

As you can see above, even though 2022 was a down year–many had a decent total portfolio return when averaged over the four years (11.13%) of analysis.  The key to successful investing is to get your finances in order as soon as practical and invest consistently over time, all while enjoying life as optimal as possible while doing so.

 

By starting early and having a consistent approach (dollar cost averaging) you will normally fare much better in the long-term than those who jump in and out of the market or start the process late in their life stage.

 

It is important that you make “reaching your retirement number” a priority at the earliest time possible.

 

You must know the goals that you seek, your risk tolerance level, your income and financial position and your personal situation as we are all unique in what we desire to achieve during our lifetime.  And your family dynamics will also determine what you need to address at this time and in future years.

 

In addition, if you will be leaving investments, houses or other assets for your heirs you may want to seek competent legal advice as some assets will receive stepped-up basis that can reduce or eliminate possible taxation, and some will not–depending on who receives the asset(s), how they are classified and local or national laws in your country or jurisdiction.

 

All the best to your improved portfolio returns success–as you intelligently add to your wealth building nest…

 

Note: The above information and “market index links” do not serve as an endorsement for Vanguard or any market index fund.  The information along with the links are provided so that you can save time and gain additional insight about how you can use benchmarks to achieve more throughout your lifetime.

No payment or compensation from Vanguard or any other source is provided and TheWealthIncreaser.com will receive no compensation from any source as a result of providing this information.  In addition accuracy of the above information cannot be guaranteed, although all reasonable efforts were made to ensure accuracy.

 

Return to Top

 

Return from Investment Returns & Wealth Building to What is the 3 Step Structured Approach to Managing Your Finances

Return from Investment Returns & Wealth Building to Investment Basics

Return from Investment Returns & Wealth Building to Investments & Personal Finance

Return from Investment Returns & Wealth Building to Investments & Wealth Building

Return from Investment Returns & Wealth Building to How to Invest in a Winning Style

Return from Investment Returns & Wealth Building to Consistency & Personal Finance

Return from Investment Returns & Wealth Building to More on Investments & Wealth Building

 

Copyright© 2014–2023–TheWealthIncreaser.com–All Rights Reserved