Living Inflation-less.

Week 41… Day 279 of the 365 Days CHALLENGE to Build Wealth! … 86 more days to go!

Do you listen to people talking about the exorbitant price increase of gas, plantains, meat, medicines, real estate, etc?

Well, those people are mainly the same people who maybe have a 401k for retirement and live paycheck to paycheck… or… they own a small business… or inherited some money. Yet they are far from really thinking through the real outcome of what their lives look like in their retirement years.

They have failed to learn, study and apply a strategy about money that shield them from living in fear, in worry and in a constant stress to run out of money.

Are you one of those people?

Were you one of those people?

I was one of them many years ago. I was in my late 20th when I first thought about this topic.

I had to provide for my 2 kids, myself and my wife. My parents were not rich at all… and neither were my in-laws. So, I only had me and Vianca to figure it out.

Then, I learned what I needed to do in order to enjoy my life with peace of mind and become financially safe regardless what INFLATION looks like.

That’s why building your networth is so important.

A high networth allows you to weather any financial storm that might come in the future… including that future when you are no longer in the capacity to work.

That’s why owning income-producing assets is a very clever idea.

Today, go deeper to establish a networth value for you and your family that you know that once you achieve it, you’ll never worry about money, retirement or financial safety again.

Work on a 5 years plan… Stick to it like your life depends on it.

We can not control the economy, the stock market, the real estate market, the price of items at the supermarket, the price of gas, etc… but, we can control our actions and decisions to create a solid financial foundation for the years to come.

A couple of hundred thousands dollars in the bank or in your home equity are not enough for you to relax and think all your finances are good.

Prices will continue to increase regardless who is in power.

People are living longer.

Health care costs keep increasing.

We must factor all those components into our scenario.

How much money will I need to live well and comfortably for the rest of my life?

I believe everyone should be thinking to become a millionaire because even at a million dollars still might not be enough.

Increase your assets. Increase your income. Increase your cashflow.

And, problem solved! No more money worries.

See you tomorrow once again with more business advice!

 

P.S… To receive every piece of advice and recommendations up to now, to catch up with our “365 Days CHALLENGE to Build Wealth”… visit, www.GoNetworthing.com

P.S.S… To get a copy of my book, visit Amazon on this link, just click here!