Tactics of the Wealthiest 10% part 5: Grow Wealth in 90 Minutes per Year

Lorraine MooreWealth

Spending over 20 years in financial services I learned a great deal about the practices of the wealthy and the practices of the majority. There are many myths about achieving wealth and only a few tactics that separate the wealthy from those who struggle.

Make a Plan, Then Work the Plan

Achieving financial freedom is easier than you think.

Clients are surprised when I show them how you can manage your investments and grow wealth by reviewing and updating your portfolio in just 90 minutes per year. In addition to that – in most cases – you can achieve better returns than you are today.

Unless you are a highly successful day trader, active trading and re-balancing of your portfolio, particularly in response to economic conditions and market downturns will result in poorer returns on your investments and will drain your wealth.

Financially savvy people set goals, get assistance in creating the simple plan to achieve those goals and then stick to the plan. Many of my most successful clients do this once each year then file it away until the next year turning their attention to other priorities in their lives.

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Tactics of the Wealthiest 10%

· Differing Beliefs What are your beliefs about money and wealth?
· Where did you learn them?
· Which beliefs are serving you and which are getting in your way?
· Net Worth, Not Income What is your net worth? (total investments + cash + savings – total debt = net worth)
· Are you living within your means? Or spending tomorrow’s money today?
· Know Your Spending Habits. Do you know where your money goes?
. Fees, Fees, Fees. You could double the size of your portfolio simply by lowering your fees.
Make a Plan, Then Work the Plan

What is your financial goal (or goals)?

Do you know how to achieve it?

Only 90 minutes per year – ask me how!

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