Four Steps of Wealth Management

The biggest myth about wealth building is that having a “high income” is the same as being “wealthy”. They’re not the same concepts. People with huge incomes are often flat-out broke.  The reason for all of this is simple — being wealthy requires four steps, and not following any one of the steps will destroy your wealth. Income is just a part of becoming and staying wealthy. These steps are

1. Wealth Protection
2. Wealth Accumulation
3. Wealth Preservation
4. Wealth Distribution

In the end, successfully completing all four steps isn’t easy, and can take years — or decades — to learn how to master. They are, however, the only sure path to predictable, systematic wealth building.