ric , let's formulate your wealth plan now...

Hi ric ,

You face two fundamental choices when designing your wealth plan...

You can choose the slow, passive path to wealth advocated by
traditional financial planning using paper assets. This typically
requires an entire career of savings and discipline to see
reasonable results.

Or you can accept the risk and challenges required to achieve
financial independence in 10-15 years by applying some of the
active wealth building principles I taught you for real estate
and business ownership in the last few emails.

Please note... these two paths are not mutually exclusive. Many of
my coaching clients choose to pursue aggressive wealth plans while
building a traditional paper asset portfolio in the background at
the same time.

The two strategies (active and passive) can work hand-in-hand
(and often do).

You are limited only by your creativity, commitment, and
determination.

In the last few emails I taught you 5 essential wealth building
principles - leverage, tax advantages, the difference between a
wealth plan vs. an investment plan, the requirement of positive cash
flow, and the critical importance of integrating your values,
skills, and resources into your plan.

These principles are designed to help you realistically achieve the
goal in 10-15 years. Some will do it faster and others won't do it
at all. The seldom spoken truth is how wealth is really just a
matter of personal choice and prioritization - habits.

Sure, we all want the goal faster. Everyone wants it done
yesterday, but there is a price to pay. You only have so many hours
and resources to dedicate to the wealth building process. Your
family requires attention, meals must be prepared, and you have to
enjoy your life in the meantime.

In short, there is more to life than money so design you wealth
plan aggressively but realistically - remain balanced. Happiness is
the real goal. Money is just a lubricant in the process.

You wealth plan must fit your personal situation or it won't work
because this is a marathon - not a sprint. It is a process you will
live with for years so it has to fit your life.

You want to get the job done, but you don't want it to run your
life.

Your homework is to start dotting the "i"s and crossing the "t"s on
your wealth plan. You must emerge from this stage of the course
with a working document that focuses your daily actions so that you
actually produce the result in this lifetime (because very few
people will).

In the next email we will further explore the traditional financial
planning path to wealth - parking your earned income in paper
assets - so you can decide what role that will play in your plan.

We've largely ignored this traditional, slow, passive approach to
wealth (until now) because it is heavily promoted by the financial
planning industry making it better understood than the active
alternatives we've been discussing that planners can't sell you.

However, there are a few important twists and turns to passive
wealth accumulation worth noting that aren't commonly taught. We
will cover those in the next email.

See you in a few days...

Todd R. Tresidder - Founder
FinancialMentor.com
CreateCorp Business Solutions, Inc.
DBA FinancialMentor.Com
14085 Raider Run Road
Reno, NV 89511, USA

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