In the absence of long-term goals you will make financial decisions you cannot afford. With specific goals clearly in mind, you will make spending decisions today that will not only bring happiness to you now, but that will build a happy life for the future. You cannot become wealthy without first “Master Planning” your life by looking at where you are now, where you want to go in the future, and thus being able to figure out a plan to get there. See Principle #7.
Financial disorganization breeds procrastination which leads to lost opportunities. Organizing your finances means knowing where important documents are, having an estate plan for your loved ones, and knowing how to protect your assets from over-taxation, litigation, and theft. See Principle #8.
If there is one single strategy that builds wealth and financial security the fastest, it is understanding the “leverage” factor of the Money Mastery System, which is how to get your money to do more than one thing at a time. The banks do it and so can you! In today’s market, it is not uncommon for our clients to get a 100:1 multiple on their own money, essentially without risk, in an environment they control. See Principle #10.