How Do You To Create Lasting Wealth?
Despite the challenges we are facing in a tight economy, there are still ways to create lasting wealth. Read on to learn time tested methods that work. Take inventory of your financial assets. Create a balance sheet listing your assets and liabilities. This will tell you your net worth as well as reveal where you have your assets invested. Identify your financial goals and attach time frames to reach the goals. Determine your discretionary income. How much money do you have left over at the end of the month after you have paid all of your expenses? Allocate a dollar or percentage amount to each goal. Invest more money to secure funds like savings, money market accounts and whole life insurance. These investment accounts provide security and whole life insurance provides guarantees providing a safe place to save cash. Determine the amount of money you need to set aside to reach your goals. If you are saving for retirement, access the dollar amount you need to save every month given a ce
