Gator asked:


The choice is to live in high-real estate market to maintain an o.k. level of income. (not helping with real-estate wealth building). Stock market is too risky. Lottery, is a fool’s dream.
Any constructive thoughts?

per capita wealth

why not? asked:


Or wealth that has been within the families for generations more immune to things like recessions,downturns, as opposed to same one who is self-made.

tolleson wealth management

s_dogg1032 asked:


I’m 24 years old, and I’ve been working at my job for 2.5 years. It doesn’t pay much (26,000/year) but I’m in the process of finding a new one. I have a pretty decent amount of debt, but have a decent start to saving ($2,000). I’m able to make minimum payments on all my debt every month, and able to cover living expenses, but I want to get my debt paid down and start building some wealth. I know I’m smart and savvy enough to be able to build wealth and make good decisions regarding my finances, but some direction and information would be helpful.

Thanks!

FRANKIE

Thundercat asked:


I saw a show on CNBC called something like the millionaire inside where they had a panel of 4-5 financial gurus (I recognized two as authors of various books and on Yahoo finance). Their last topic was about leveraging debt to build wealth.

DEVON

Sean Rasmussen asked:


Financial success, like all things in life, depends on taking the time to devote to projects, and managing it well. Wealth creation is not something that happens on its own, it is something that happens when a pointed effort is made to see the project through.

Time To Manage Your Financial Life

For many people, financial management is an afterthought; it is something that is done in reaction to a lacking financial situation. Wealth creation is not thought of as a proactive step towards financial freedom, which is in some ways ironic since the most effective and easiest route to financial freedom is to start with a solid plan to build wealth and gain financial freedom.

Even still, it is never too late to start anew and rededicate oneself to financial wellness. But to effect any real change, the time has to be set aside to devote to matters of wealth creation.

The most important step to take is to set aside time that is strictly devoted to building wealth. When wealth creation is made a goal rather than a reactionary measure, it becomes a reality.

Efforts In Reverse

After the time has been made to attend to financial wealth-building efforts, a plan needs to be put in place. The plan must consist of both long- and short-term goals that can be broken down into smaller, more manageable tasks and achievable benchmarks.

The best way to clearly define the goals and steps needed to create wealth is to look at the project in reverse. Following through on a year-long plan will ensure that this time next year, the financial picture will be much better.

- Start with a goal for the year, an achievement of a certain wealth-creation effort, a dollar figure of savings or investment income

- Break annual goals into monthly efforts.

- Further break down monthly goals into weekly goals, and then daily projects.

Two things are key to time management and setting wealth creation goals: one is to break projects down into smaller, manageable tasks, which also helps efforts as achievement of even small goals creates a sense of accomplishment and progress; the other, and most important key is commit to the time and make it happen. Any devotion shows a commitment that will translate into success in creating wealth, and any small financial gain is better than no gain at all (or worse, loss).

Financial Goals For the New Year

Goals and projects undertaken in an effort to create wealth will be highly personal and dependent on individual factors. In closing, here are a few goals worth considering for those who wish to really change their financial situation and enjoy success in building wealth (and ultimately financial freedom) this year.

- Read and learn - read a variety of wealth creation information and learn about the different financial programs; this is an ongoing goal that should always be included as part of any effective financial plan.

- Set savings goals - the wealthy are excellent savers, but the general population is not; simply learning to save can make a very big impact on financial freedom.

- Learn to invest - there are many wealth-building programs that teach easy ways to invest without risking it all and without being a stock market expert.

- Build skills - certain skills are essential to success in finance; learning what those skills are, and taking steps to develop them, are the first steps towards achieving financial freedom.

- Personal goals - the point of wealth creation is to have the money to finance the lifestyle desired. Include achieving personal goals as part of financial goal-setting.

- Enter a program - any ‘average’ man or woman can learn to make money and create lasting streams of sustainable wealth; on their own, though, wealth creation will remain elusive and difficult. The guidance of a good wealth building program can make all the difference in the world.



ESTEBAN

Mike Green asked:


Overwhelmed with the debt you face? Plagued with a 30 year mortgage, student loans, car loans, multiple credit cards, and even possibly a 2nd mortgage?

There is nothing to worry about! John M. Cummuta can help you perform a reality check on your debt situation. He helps you set up achievable financial goals.

But be honest with yourself if you want this course to work for you. In fact, it’s almost impossible for you to progress through the next steps if you haven’t faced the cold hard facts of what debt has really cost you.

If you have made up your mind to get got of debt, you should undertake a downloadable course named Transforming Debt into Wealth® offered by John Cummuta. You have worked hard to earn and save money and John M. Cummuta will help you move towards the financial freedom you had always dreamed of. The course is full of knowledge; there are various valuable tips and advice that you can use in your daily life.

Unique features of program -

The unique point that this course provides is that it gives “Knowledge, Power, and Money” to average people like you and me. With this program, you’ll learn how to prioritize and pay off every penny of your debt in the shortest possible time.

The program will teach you how to focus every dollar you’re currently using on debt payments toward building your wealth. And best of all, it will show you how to do all of this with the money you already make!

Also, he provides a laundry list of tips to cut corners, and some of them are good. This book is a must read for every person, no matter where you fall on the income scale.

You get a Downloadable Transforming Debt into Wealth® Course which includes workbooks to help chart your course and two hours of streaming audio training that is jam packed with helpful advice, examples, and motivating real life tips to meeting your goals

Here’s what the Transforming Debt into Wealth® course covers :

VOLUME 1: Where Does Your Money Go?

1. How to get all the things you want without using credit.

2. Learn the psychological tricks used to get you into debt.

3. Who is after your money and how to protect yourself?

4. The financial tools they didn’t teach you about in school.

5. How to own your life versus owing your life.

VOLUME 2: Credit - Your Financial Enemy

1. The credit system is stacked against you.

2. Avoid being manipulated into poverty.

3. The big credit lie they hope you never learn about.

4. Defend yourself from being legally robbed.

5. Work sheets for starting you cascading debt elimination system.

VOLUME 3: The Cascading Debt Elimination System

1. 3 simple steps to start elimination debt quickly.

2. How to find money to pay your debts without another job.

3. How to buy a car for 1/2 price.

4. The dirty little secret car dealers are terrified you’ll find out.

5. 7 tips that can slash you grocery bill by 35% - 40 %

VOLUME 4: Wealth Building (Now that you’re debt free)

1. the most powerful invention Albert Einstein ever saw.

2. When investing less will yield more - this will shock you.

3. How to protect yourself against emergencies.

4. The easy fundamentals of wealth building.

5. The lucrative secret of Dollar Cost Averaging.

Potential monthly income -

John does not claim to any specific figure that you may earn on a monthly basis. But he does guarantee that if you use his workbook you will surely get debt free. If your debt situation is very bad then the process can take up to 5 to 7 years.

This time frame is based on a national average of people who have participated in the Transforming Debt into Wealth ® program and are not a guarantee. Participants must purchase the program in order to calculate their own specific out of debt date for themselves - and then follow the program exactly as outlined in order to ensure its success.

Legitimacy -

The course offered by John M. Cummuta is called Transforming Debt into Wealth®, and its Nightingale-Conant’s #1 best seller, and has been for more than three years now. For 40 years people from around the globe have been turning to Nightingale-Conant to enhance their Personal Success!

They provide more than 150 authors with over 1,400 wealth building and personal development programs. Experts such as Zing Ziglar, Denis Waitley, Anthony Robbins, Brian Tracy, Stephen R. Covey, Jay Abraham, Robert Kiyosaki and hundreds of others.

Price -

This downloadable Transforming Debt into Wealth® course can be yours for only $39.95. John M. Cummuta is so confident in the value of Transforming Debt into Wealth® program that he gives you an entire year to try it and if you aren’t satisfied for any reason at any time during that year he agrees to pay you the $39.95 back plus another $39.95. That is double-your-money-back guarantee. You can’t lose in this bargain.

Remember, this program by John Cummuta is jam packed with helpful advice, examples and motivating real-life tips to help you meet your goals!



DENNIS

Lisa asked:


With medical expenses raising each year, cost of living and general day to to day living, what annual income or % of your current income would be enough for you to retire? Are you building wealth?

ARNOLDO

relic_head2 asked:


With the addition of a new baby and the wife not working. What is the best and quickest way to accumulate wealth? Assume that this is an average household with an annual income of 50K

DANIAL