The On Sure Wealth Creating Strategy

Like many young people, I started my career planning to become the CEO of a very large company and make a lot of money. There are many people who climb the corporate ladder to significant success. However, as you climb that ladder you begin to realize there is significant and increasing risk to those positions as the course of business events including changing bosses, changing economic conditions, and other business impacting events can bring your plans to screeching halt. Unless you have the right global personal financial and wealth building plan in place behind such a plan your best goals can run into brick walls. Let's get to the plan.

First, what is a plan?

A plan is:


A series of steps that if followed should lead to the result we intend to reach.
A plan should not allow for activities that create additional risk and undermine the goals intended.
A well designed planned will have self prophesizing activities included that are synergistic to the main objectives of the plan.

I am a student of history. Study of the most successful business persons in our nation's history all reflect these facts. Benjamin Franklin, George Washington, John D. Rockefeller, The Morgans, Warren Buffet and Bill Gates all demonstrated the following key attributes:


They selected their business focus and steadfastly kept to that focus.
They invested and reinvested their time and assets into these items.
They avoided debt and built equity.
They lived within their means (not always but from the point their success began to grow)

One of my favorite subjects on this single minded focused plan is Warren Buffet. His biography - Snowball does a tremendous job capturing the larger plan. So, what is the ONE secret to creating the personal wealth, security, and fulfillment that is your goal?

Choose a path, stick to the path, invest time and cautiously capital, stay within your means, strictly limit debt or hold no debt, and achieve steady consistent gains. This should apply to your jobs, your outside activities, and your investments. Warren Buffet says a diversified portfolio is a sign of ignorance of your investment area. Avoid ignorance and as Rich Dad Poor Dad suggests increase your financial IQ and knowledge in your focus area.

Consider that if you could save $500 per month for 25 years with no appreciation you would accumulate $150,000. Now consider that even if you only make 6% annually on those investments you will accumulate several hundred thousand dollars. Additionally, in the same time frame you will likely purchase and pay off your home. Considering that the markets normally average an inflation adjusted 8.5%.

The point this is, that while this plan doesn't promise millions the plan offers almost no downside risk, assures a very positive upside result. Once this is in place, over the course of a career or even if you are having to make a fresh start in your 40s or even 50s, a very significant financial success is within your reach and with work you will eventually improve your results over the base plan. One step at a time, one action at a time, create wealth, secure your future, and build a foundation for the future.

Blake Ratcliff has raised millions in equity capital, bought and operated 10s of millions of assets. He is a former Marine Officer, a United States Naval Academy Graduate, a father of 4, an avid reader, and starting all over again. Let's walk the journey together.

http://thejourneytogreatliving.wordpress.com/

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