Wealth Builder Blog

Be effective in using your money. Of course you know how clueless behavior toward money management could affect every aspects in your life. Here's some tips to effectively manage your money:

1. Knowing how much you can spend
   Take the amount of your pay check as reference.
   
2. Write down what you spend
   Take control of every spending you make, write them down for at least a month. You will know where your money really goes and be more careful next time.
   
3. Set a budget
   After knowing all that you spend, list all of your income and expenses. Set your expense budget to all things you spend in a month. Don't cheat!
   
4. Live below your means
   Restrict your credit card spending. Unsubscribe the cable tv and magazine.
   

All these small steps will reduce your expenses and build your wealth, for sure!

To be wealthy, you're not only need to fulfill the necessity but also what you wanted in life. That's called true prosperity. Here's simple steps to achieve true prosperity. Keep in mind that this is not happening overnight!

1. Feel grateful of what you have
   You might already have more than thousands of other people in this world. So, embrace what you have and feel grateful about it. You can start by making a list of what you appreciate in life.
   
2. Recognizing the passion
   Of course you have several things that you love to do, recognize it and make it one of your power to create some strength in you. By doing what you love, you will have the extra happy life ahead.
   
3. Forgetting the past
   You might still have the burden from the past, just leave it where it belongs. You can have more clear vision if the past won't get in the way.
   
4. Set your goal
   First, set your long term goal, then the one year goal and list what kind of action you'd like to do to fulfill your one year goal.
   
5. Share
   Find professional that understand your need to achieve true prosperity, and that would be perfect for you.

Good luck!

We're all always run out of time if we're about to plan our financial future. As important as it sound, we really need to focus and face that we need to make the best plan possible for our future. Of course we will need some tips to start it. Here's a few that might help.

1. Figure out the financial goals
   You must really know what is the most important thing that you wanted to prioritize.
   
2. Make short-term financial plans
   From the goals, you could make some short-term financial plans
   
3. Think ahead to retirement.
   You're still young, and this is the best time for you to think ahead to your retirement
   
4. Seek professional help
   A trusted financial planner can help you to determine the financial future. They can also help you determine your a  strategy that will bring you closer to your financial goals
   

Happy planning!

Financial strategies are needed to manage your income and assets to meet your demands. The first thing to know is your own personal objectives. What do you want to have in life? Do you want to retire young or wanted to give great education for your children? The answer is up to you and the financial strategies would be different on each objectives.

Try setting up your own financial strategies by answering these questions:

1. What is your situation?
2. What is your problem or opportunity?
3. What is your action to solve the problem?
4. How is the action will make your situation better?

So are you ready to have fun developing your financial strategies?

Where have all your money gone? If you can't answer this basic financial question in 10 seconds, then you have lost control of your money :)

Here are some tips to control your money:

1. Track where the money goes
   Make a commitment to track your spending. You can select any method suitable to you, either with a manual notebook or with computer softwares. All you need is a commitment to fill it.
   
2. Make a budget
   Creates budget over everything you need every months. You can keep them separates in each envelopes with labels. Stick to the budget, and you'll be fine :)
   
3. Get out of debt
   You don't have to use your credit card if you don't have to. Just use cash, or only use credit card if you know you can pay the bills.
   
4. Hire a professional
   If you think it's too hard for you, you can always hire a professional wealth builder to take care of your finance.
   

Wish you all the best for your financial life!

Everybody knows about the increased price of gas. It’s only one of alerts for recession! It’s really a good time to do smart move regarding your money. Glamour Magazine offer 4 smart money moves:

1.       Top Off your rainy-day fund
Make saving automatic to make your income go directly to your deposit account. Keep minimum 3 months of your living expenses in your saving.

2.       Get rid of high interest debt
Call your credit card companies to bargain your interest down. This will help you a lot.

3.       Put more money into stocks
It’s wiser to invest in professionally managed mutual funds.

4.       Property for wealth building
Really look closely at a potential real estate on any aspect of consideration!

Now you’re confused on how to build your wealth. All those investment tips seem overwhelming. Well, you can build your wealth in a simple way. To build your wealth, you must increase your Income and Assets and decrease your Expenses and Liabilities. Ever heard about that? :D Yeah. It’s that simple.  

Start builds your wealth by earning your income and adds it to your assets. Your Assets will give you passive income that regularly adds to your income (e.g. interest). With all the progress in assets, avoid spending your money in things you don’t really need. Don’t add your liabilities; it will only cost you additional expenses that will somehow decrease your wealth. 

Of course, wealth building will take a lot of discipline and effort. If you don’t think you can do it yourself, find a friend that will help to remind you. If you can’t find any friend to help you with that, you can always find a professional wealth builder :) 

Don’t frown when you read the title. ‘be your own banker’ doesn’t mean you must keep your money to yourself, under your pillow. Instead, you must think like a traditional bank, how you can make your money earn more interests to maximize your wealth!

To ‘be your own banker’ means to recapture the principal, interest, and finance charges that you would otherwise pay to traditional banks and lending institutions. The concept also well known as Infinite Banking.

The Infinite Banking Concept created by R. Nelson Nash in the early 1980's. Out of personal necessity, applied experience, and brilliant imagination, Nash observed a profound truth in all of our financial lives:

We focus on a high rate of return for our long-term investments, but we fail to appreciate the much higher rate of interest we're paying on our daily expenses.

The Infinite Banking Concept basically allows you to capitalize yourself, lend money to yourself, and return interest to yourself tax-free. As you avoid the money-sucking reality of banks, lending institutions, and credit card companies, you can build true wealth in your own, self-contained, perpetual, funding mechanism.

So, it will be a right thing if we say that Infinite Banking is a Powerful Financial Solution!

You need a life insurance. But it’s not the type of insurance that give you some amount of time to ‘die’ or you’ll never get your money back. The specially-structured whole life insurance policies, in addition to traditional death benefits, can provide dividend-based wealth building, tax-favored accumulation and borrowing features, and retirement income. Those would be a foundation for personal wealth building solution.

Using whole life insurance policies as a form of investment need some well-tested strategies. Make sure you remember this when you seek advice:

1. Locate a specially-trained financial planner to carefully design and implement your unique "Cash Value Whole Life Insurance Policy."
2. Make sure your financial planner uses a specialized "Dividend-Paying Whole Life Insurance Policy" from a select "Dividend-Paying Whole Life Insurance Company."
3. Don't forget to create a "Substantially Over-Funded Policy" through the use of a flexible "Paid-Up Addition Rider."
4. Ensure that your financial planner works with a "Non-Direct Recognition Life Insurance Company," which will allow you to borrow against your policy while still accruing your maximum dividends.
5. Focus on the long-haul. This program requires long-term discipline and specialized advice. You’ll be highly rewarded for your commitment!

So, start to generate true wealth for you and your family with whole life insurance policies! Now! :)

What is the secret of successful wealth builder? Some of us have tried 101 things to be successful financially. But there’s always a point where we fail and think that this is impossible task. Well, actually, there are several habits that will help you achieve your goal to become a successful wealth builder.

1.  Wealth Building Strategies

Instead of doing the short term financial plan, let’s think of the big picture.   

2. Having more than one income

We surely need to work hard to grow our income

3. Save the money

So you grow your income, save it immediately in a good proportion with your spending!

4. Live a frugal lifestyle

Without question, living a frugal lifestyle will keep your money build their own way to the top

5. Really watch where the money go

Figure out some personal financial reports. You’ll know where is your position to your goal.

6. Continues learning

Motivate yourself to always learn each and every strategies you must do pursuit your goal.

After all, this is not a battle. This is a journey. Good luck!

You work the first eight hours of each day for survival. Anything after that is an investment.

-Thomas Watson

We certainly would take risks in some aspects of our life, but rarely did we want to take it regarding our money. We want the low risk investment strategies and for some people, saving account still the best option so far. Of course it’s the easiest low risk investment we could make. But in this case, there’s no such thing as low risk high gain investment. There are low risk, low gain investments and there are higher risk, higher gain, of course. For other so called low risk investment, such as mutual fund allocation concept, can become major loss center overnight. It’s not that low risk anymore.

So, what is it exactly do we need as a regular investor with big wealthy dreams?

We need to structure low risk investment strategies that achieve our long-term, wealth-building desires! We must manages our entire financial life, including investments, expenses, real estate, personal property, personal business interests, insurance, estate planning, and liability protection. With discipline, this continues concept of low risk investment strategies will maximize our wealth, while limiting our exposure.

How do we do that?

Well, help is on the way!

Every human should have at least one dream to keep going in this world. And one of the most wanted dreams is to become wealthy. So, you make some money this month and many other months ahead, but can those really make you wealthy? Certainly, just receiving money and keep it, won’t be enough for the wealthy dream. You will need more plans and a great plan called Personal Financial Engineering.

With Personal Financial Engineering, there will be a holistic program that addresses your entire financial life such as investments, homes, cars, vacations, educations, insurance policies, personal assets, business interests, estate plans, liability coverage, and even recreational pursuits. It will use money in multiple places, instead of compounding it in one account. Also insure against unforeseen accidents and market calamities.

The process-based investing will maximizes your wealth potential and help you take control of your money so you can recapture lost interest and opportunity costs on the expense-side, while dramatically accelerating your assets, wealth, and lifestyle freedom on the investment-side!

There’s no such thing as ‘Get Rich Quick’. But, over the long-term, the personalized process will maximize your wealth and welfare, while limiting your exposure and expenses.

So, are you ready to build true wealth?

It’s easy to be wealthy for a lifetime. A great ongoing wealth planning is one if the secret recipe. Bust most of us usually make mistakes by doing only occasional planning or single need planning, just because it’s easier and we don’t have much time to make further planning. Even though it looks less complicated, clearly, it’s not enough. The occasional planning is not going to take us anywhere near the wealthy life we expected.

Of course we know that we’re living in a world with rapid changes. A good example is how the global fuel price rises recently. Keeping up with the changes will somehow difficult. It could be confusing to make money decisions, knowing which are appropriate is not easy. Information overload can lead to financial paralysis. We obviously have no proper time to research all aspects of our money decisions.

That’s why In order to be successful in lifetime wealth planning, we will need a Lifetime Economic Acceleration Process (LEAP), to:

- Views our financial process as an ongoing lifetime experience
- Make our money productive and efficient which may increase its performance over time.
- Allows our money to have the potential to achieve an accelerated rate of return.
- Organizes and coordinates our money decisions.

See you at the wealthy land! :)