Principles Of Wealth
- Edited by Rhonda Lamoureux
- Jun 3, 2018
- 1 min read
Many people want to be wealthy and fail to consider what it takes to create wealth.
There are 5 key principles of wealth creation. The principles of timing, cash flow, tax benefits of business ownership, lifestyle and residual income.
When you look at the wealthiest people in the world, they embody these 5 principles of wealth.
To create wealth you must have a plan. This does not mean everything will go according to your plan. However, just like you would not travel across the country without a map, you cannot achieve sustainable wealth without a plan.
The plan must include both how you will create wealth and sustain or grow your wealth.
Video reveals how most people are simply living as if they are in the movie, “Groundhog Day” or on a hamster wheel. You are exerting a lot of energy on a track that someone else put you on. You work tirelessly on this treadmill for 45 years to find that you are in the exact same spot that you started in.
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