CASE GUIDE|

The 12 Creation Step of Wealth Cycle Creation

• Ground-Zero— Financial Baseline. Assess via audit where you are today. List your income, expenditures (and net income), and determine your net worth (accounting 101… your assets minus your liabilities). Few people can tell you their net worth (and even fewer want to if they can).
• Establish Enterprise Day of Success. Primary success goal - obtained by following the WCC. You identify your expected net monthly income and net worth within a particular time-space frame. This laser finger guides you through the investment waters. Plan to fire your boss in this new year!
• Gap Analysis. Regularly assess the gap between your destination and your current end point? Gap Analysis helps you to figure which of the remaining nine creation steps you shall do next. The structured process may vary from what others do, so your sequence may differ slightly from what I model here.
• Create a Profit Product Line. Revenue streams is not necessarily your day job. This requires a business you create (possibly in addition to your job) that will produce additional income from a product you produce or have rights to sell to create revenue streams for your investments trusts. • Structured Entity Creation . To protect your assets while reducing your taxes will increase your real wealth. Entities (LLC, LLP, Corps and consortiums) can protect you and your money from risk liabilities and unnecessary taxation.
• Forecasting using Models. Your life is a business. Forecast your revenues with expenditures such that you can make steady payments from your cash producing product lines into your Wealth Trust Accounts.
• Create a Wealth Trust. Become your own investment banker… purchase new assets from the money you have in your wealth trust. Manage your existing debt with other funds, but your wealth trust money is only used to buy earning assets (which increase your monthly cash flow and your net worth).
• Manage your debt. Reduce personal debt - not just at first, but along with creation phases of your wealth creation through the of buying assets. Plan purchases such that your debt payments can be made primarily from the money you earn on your assets. ROI should be paying forward for you new assets until they new ones yield revenues. Your day job should not bear this burden alone. Those who do will become vulnerable to down turns and financial ruins.
• Avoid Debt Buy assets. Acquire Assets with minimal debt. Purchase real world fiscal assets directly in real estate, businesses, and even mineral rights— mines, oil wells, etc.,. In doing this, you will increase consistency in your monthly cash flow and/or your net worth.
• Leadership of your wealth team. Acquire your own leadership skills until you are leading your team of professionals— programmers, engineers, accountant, real estate agent, attorney, assistants, and others. Define your wealth goals, take charge of accomplishing them on a timely basis, never leave personal success in the hands of others.
• Improve IQ/EQ via mental & emotional conditioning. Historically what obstructs most people from having wealth is seldom a lack of opportunity … Opportunity Knocks almost every day; rather it is how you think. You must Think To Grow Richer™ … So start thinking like a seven figure leader… model their success in your own life style, and you will soon discover yourself acting like a millionaire. In time, you will experience becoming a millionaire.
• Team Work . Self-Made Millionaires like unicorns. Mythical and doubtful to really exist. Millionaires are made via teamwork – teams who know you need a strong team structure, including joint venture partners, mentors, educators and professional advisors will create more millionaires.