Step 2: Preserving Your Circle of Wealth
Once your current wealth and the source of that wealth have been protected, the second step in wealth creation focuses on preserving your circle of wealth. This involves:
1. Wealth Management
- Lifestyle Management
- Evaluation of Spending Habits
- Asset Diversification
2. Debt Management
- Mortgages
- Credit Use
- Budgeting
- Spender to Saver to Wealth Creator
3. Tax Management
- Tax Strategies
- Compound Taxes
- Estate Taxes
