Making the Right Moves to Build Wealth
It seems that everyone these days is trying to find the quickest way to amass their own “little” pot of gold. The more “PC” way of saying it these days is build wealth. Many of us products of the 1980’s remember the image Gordon Gekko in the movie Wall Street. Money and material things often, in our minds, equates to wealth and happiness. There are however, seems to be something missing.
Wealth Leaves Clues
There is a book that was introduced to me by my coaching company, Buffini & Company, which sums up a thought on wealth and how to build it – The Richest Man in Babylon by George S Clason. First written over 90 years ago (in 1926), this book provides simple, yet profound ideology to building wealth. Here are some takeaway points to consider:
Pay yourself first
Start small by putting 10% of all your income into savings
Make saving automatic
Keep expenses the same even if you get a raise or make more income
Make your money work for you
Earn more on investments
Reinvest Dividends
Create passive income
Be patient – although you may not see movement on your investments immediately, patience will get you to the promised land
This, along with other simple steps, can make a huge difference to your future. If you have an opportunity to read this book, please do.
What Does Wealth Look Like to You?
Wealth to each of us may have a different face. Whether it is a dollar figure, a feeling or legacy, consider the following buckets to help mold your wealth goals:
Family
Spiritual
Business/Work
Financial
Personal
No matter what is important to you, follow your heart and know in today’s world there are host of opportunities for you to explore and provide insight on wealth. Whether you prefer books, podcasts, streaming videos, blogs or seminars, take action.
If you’d like a more in-depth view of my opinion on how to build wealth the smart way. Give me a call at 562-618-9770 or e-mail me at dave@davesellslongbeach.com . I will gladly forward a great one-sheet summary to you that uncovers more of what you need to do to build wealth and accomplish your life goals.
Dave Harbison has been a Real Estate Practitioner in Long Beach and surrounding communities. He regularly contributes to blogs, news outlets and other media. He continuously provides insight to home owners, buyers and sellers in the Long Beach and surrounding communities. Dave HarbisonLong Beach REALTOR®dave@davesellslongbeach.com
DRE:#01475840 — Long Beach Realtor® / Real Estate AgentLong Beach Homes for Sale, Condos and Investment Properties
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