Thursday, May 19, 2005

Are you Planning for Wealth?

Last Tuesday, Loral Langemeier, one of my all time favorite speakers, was a presenter at the Shared Vision Network luncheon. (This is a professional organization for entrepreneurs that I run which attracts a lot of very high-powered, wealth-building people.)

Why is Loral one of my favorite speakers? Because she has mastered the game of wealth. Here are a few tips she suggested:

1. Know where you are today. If you don't know exactly where you are then you don't know how to get to wealth.

2. Create the proper foundation for wealth. You must have the "inner game" of wealth to create the "outer game" of wealth. This includes having the beliefs and attitudes that you CAN create wealth.

3. Install proper wealth structures in your business. If you are a self-employed person that is not in an LLC or Incorporated, you are not ready to make more money. The government will basically take everything you earn. Also, you must have QuickBooks or another type of busienss accounting software.

4. Have a plan for real wealth. Not only do you need to be realistic with your plan, but you need to be diversified.

5. Know your "wealth date." What is the day that you will achieve your desired wealth.

Does any of this sound familiar? On many levels, this is what I teach people in the Unstoppable Goals Method - how to set and achieve goals, creating a vision of the ideal lifestyle, and ensuring the beliefs and success habits are in place to support the goal.

Go get that Wealth Plan!

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