Some people, whether knowingly or unknowingly liquidify their money into buying various risky investment products in the name of acquiring greater wealth. This is quite untrue as it may not 'nip' the problem in the 'bud'!
My thoughts on acquiring steady wealth accumulation always revolves around adequacy! I do not see that i need more money than i can handle, or need. I would be much complacent if the money i am accumulating currently or would be in future can take care of the various financial obligation i am confronted with. To me, that is a great financial liberation accomplishment. Don't get me wrong. If you have the means and resources, including investment knowledge, you can by all means rake in as much money as you can. That is entirely undebatable! For those who are in a lurch of not knowing how to start to build up wealth in life to counter any financial obligation, i would like to recommend an approach called "GRADING APPROACH".
The Grading Approach consistof of 6 Grades and participants are encouraged to level up their grades one after one until the final sixth grade. No participants are allowed to jump grades unless they have succesfully created the current grades they are in. Below are the outline of the Grading system.
1st Grader
Establishing the CRITICAL SUPPORT FUND (CSF)
2nd Grader
Formulating the CASH FLOW STATEMENT(CFS) and NET ASSET WORTH STATEMENT(NAW).
3rd Grader
Creation of the ASSET GROWTH TABLE(AGT).
4th Grader
Report book on RETIREMENT FUND ADEQUACY (RFA).
5th Grader
Report book on RISK PROTECTION(RP).
6th Grader
Report book on ESTATE DISTRIBUTION( ED).
When you have surpasses all six grades, you shall be in position to control your finances well and will lead your life to a financially independant type and worry no more of any unprecedented borrowings and payments.
Bye!
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.