2008-01-02

Building Wealth: A Wealth Building Strategy Is More Than Simply Diversifying Your Investments

Wealth - an abundance of values.


Each of us determines what is or is not of value to us.

He or she may not be wealthy even though they may have a great deal of money because they have no honor, no happiness.

I measure wealth not only by the numbers but by holding it up against my happiness level at any given time.

Building wealth is fine, but most people assume you are interested in building wealth to become secure, stable, and happy in life.


Assuming you are happy, just not thrilled with your current portfolio returns, you should know that there is more to diversification beyond what the average person thinks is all you need to know.

With a successful wealth building strategy comes the understanding of what kinds of diversification offer you the protection you need from taking great losses in the short and long term.

"Wealth is when small efforts produce large results. Poverty is when large efforts produce small results."

Financial wealth involves the ownership of multiple money producing assets that flow to you, not money draining assets that flow from you.

Investing is a fundamental way to build financial wealth.

sooner you start to successfully invest the more opportunity your investments have to grow.

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