The 4 Simple Secrets For Creating True Wealth
On my 5 minute drive home from the gym tonight, I learned the 4 Simple Secrets to Creating True Wealth. Of course, I had my Wealth Masters International M1 program in the CD player. What else would I be listening to? Well, I guess I listen to XM 175 two or three days a week. If you have XM radio and love baseball, then you'll know that I mean by XM 175. Anyway, back to Creating True Wealth....
Sandy Botkin, the nation's foremost tax reduction intructer was on CD #10 teaching me dozens of tax secrets. At the end of his presentation, he shared the 4 Simple Secrets for Creating True Wealth. Donald Trump, Warren Buffet, and Bill Gates all agree!
1. Get your taxes down to the legal minimum! In order to do this, you MUST be the boss. By this I mean, you must be a business owner.
2. Save AT LEAST 10% of your after-tax income! Never touch it until you retire! This 10% is over-and-above whatever you are putting away for tuition, a wedding, a new boat, etc.
3. Diversify your portfolio! Invest in mutual funds, stocks, bonds, precious metals, currency. Diversify your account managers, as well. Never allow one account manager to invest more than 10% of your total portfolio.
4. Learn, Learn, Learn! Never stop educating yourself! If you have questions about something, read about it. If you don't know how to do something, learn how to do it yourself. It doesn't mean that you have to do everything yourself, but you will be able to tell how well someone else is doing it for you. Never be the fool!