A Wealth M.A.P. Make more, Accelerate and Protect, and Plan for Legacy. A Wealth M.A.P. must be build on solid foundations. What we find in many businesses is a lack of direction, a lack of focus and a lack of delivery. Business owners start with money, move to a map and then hopefully to the…
Being business owners we are always searching. Searching for more sales, more productivity and greater wealth and success in our lives. We have found business owners in this search oftentimes take actions out of sequence and sometimes incorrectly that can be very costly to a business and to their family. With this background in mind,…
Rigor is attention to detail. It’s looking to catch the smallest most seemingly insignificant detail which if disregarded or overlooked can have long term damaging effects. Whether it’s going over the terms and conditions of a contract, or a business deal or focusing on the fine distinctions of a movement in a physical activity which…
Insurance is a great way to preserve wealth. Let’s say you are 40 years old and you buy a life insurance policy. While there are many different types of policies, let’s say you go with a policy that will last until you are 90 years old. You buy 1 million dollars of life insurance which…
Much has been written on this topic. At the time you take responsibility for your own actions is the time that you will begin to shape your world and your reality according to what is best for you and your highest purpose. It is easy to blame others for events that happen to you. It…
W. Edwards Deming once said you can’t improve what you don’t measure. So think about a goal you have. Are you verifying the progress towards that goal. Oftentimes we set a goal as the end result and forget about verifying the progress along the way. I am sure many of us have heard the age…
Prices and conditions are not fixed. To negotiate is to come to agreement with the objective of reaching a mutually acceptable result. If you don’t reach a result then you have lost nothing so you lose nothing by asking.
Preserving Wealth is under your control and power. The entire legal industry is built on the idea of managing risk and protecting your wealth from others. Setting up a business entity that will protect your personal wealth from unforseen problems that might occur in your business operations.
Equity is what is left over after you figure out what you own less what you owe. This is called your balance sheet. You don’t really own your home until the mortgage you pay is fully satisfied. If you don’t believe me, remember back to 2008. How many people bought homes and lost those homes….
If you think about working out at a gym people typically will lift a weight a certain amount number of times. That’s reps. At first these reps may seem difficult and clunky and awkward, but as they continue the motion it becomes a natural process because it gets ingrained into the body through muscle memory….
