7 Steps to Create More Financial Success in Life- Day 6

6. Apply the proven wealth principle I have seen so many people
skip this step and focus on just one thing to help them build
wealth. The principle is just the same thing. Let's say you want to
get healthy, how do you maintain your overall health? Do you just
do one thing? Do you just exercise? Or do you just eat healthily?
No, you don't. It's the same thing with building wealth. It's not
just about one thing - real estate, bitcoin, or stocks. It's about
strategy and principle. In getting healthy, you need a complete
strategy. You have to exercise, eat healthily and take care of your
body. In wealth creation, many people forget the principle and I
believe that there's 3 we need to remember: 1. Taxes How many of
you really pay attention to taxes? Do you apply the tax principles
when investing? It's not about how much money you make that
matters, but how much you can keep in your bank account. Taxes are
often overlooked and most of the time could cost you more. This is
one of the areas I focus on the most when working with my clients.
When you look at your portfolio, you may be earning millions but
how much do you actually get after taxes? You work hard to earn
your money but what if one day, the government decides to raise the
tax brackets? How much would you have left? 2. Risk We are all
familiar with the risks in investing. Markets can crash and you can
lose your money, but as soon as the markets go back up we tend to
forget what we went through when it crashed. I always model success
to what Warren Buffet said - when it comes to investments, always
follow 2 rules:1. Never lose money2. Never forget rule number 1We
all know this, but how many of you are actually applying this? 3.
Liquidity Liquidity is how fast you can have access to your money.
I used to have all my assets in real estate and as a real estate
investor, there was this one common thief and it's called "asset
rich but cash flow poor". I was one of those investors. In the
books, we had millions invested but it takes years to get the
returns. So how do you solve the problem? What I did was
diversified my portfolio. I created my principal-protected
investment and that acted as my bank where I could borrow money if
I really needed it. If you want to learn more about these topics
that I am talking about, every Tuesday, I host a free workshop to
teach people about the principle of investing. Let's go a little
bit deeper and discuss how to grow your finances. This happens
every Tuesday at 7PM CST, just go
to https://www.ahfmasterclass.com to register and know
more!