Building Wealth

At Leading Edge, one of our primary goals is to help clients build and maintain wealth.  Today, we’re sharing an article filled with the “secrets” you need to know to achieve your financial goals.  

19 SECRETS YOUR MILLIONAIRE NEIGHBOR WON’T TELL YOU

A few years ago, Len Penzo wrote an article listing the 19 Secrets Your Millionaire Neighbor Won’t Tell You.  Don’t think you have a millionaire next door?  You might be surprised.  As of 2018, “More than 10.2 million households had a net worth of $1 million to $5 million, not including the value of their primary residence, according to a survey by the Spectrem Group.*

The secrets are actually a timeless and simple strategy of planning and discipline.  Here is a summary of the first few ‘secrets’ in Len’s article:

1. Always spends less than you earn.

2. Patience is a virtue. It takes time to build wealth.

3. Live modestly.  Giant homes, luxury cars, and fancy coffee will all significantly disrupt your wealth building potential.

4. Pay your credit cards in full every month.  Don’t buy what you can’t afford.

5. Money does not buy happiness. Managing your money well provides happiness and financial freedom.

6. Being debt free is the main source of financial freedom.

7. Work hard and stay busy.

8. Money does not manage itself; you must actively cultivate a money management system.

9. Pay yourself first.

10. …  Click here to read the full article.

 

*www.bloomberg.com, “The US Now Has More Millionaires Than Sweden Has People”, By Alexandre Tanzi, M

What’s Your Plan?

What’s Your Plan?

Taking time to write down your action plan for retirement is the optimal way to ensure you have the best retirement. But the key is to simply ​start planning now​. After personally experiencing the benefits of thorough planning in my flying career, as well as in my financial life, I have become even more passionate about making sure all of our Leading Edge clients “have a plan.” Whether you are near the end of your career, rapidly approaching retirement, or you’ve just begun your professional adventure, I’m absolutely convinced financial planning will allow you to enjoy your career (and retirement!) more. As you begin the process of setting financial goals and planning for a great retirement, consider the following questions…

The Strategy Is In the Long Game – 2019 3rd Quarter Financial Review

The Strategy Is In the Long Game – 2019 3rd Quarter Financial Review

Investing is not golf. You don’t win with your short game. The 3rd quarter of 2019 reminded us that investing requires a long game approach. Short term investors didn’t see great returns in the 3rd quarter; it was an unexciting period of time. In his quarterly review, Kevin goes over the numbers, touches on some unexpected outcomes and explains why you should invest your money for at least 10 years to ensure the highest probability of success.

Join our mailing list to receive the latest news and updates from Leading Edge Financial Planning.

Thanks for subscribing. *** Your almost done *** There's one more step. We have sent you an email, please check your inbox or junk mail folder and confirm your subscription. We look forward to providing you with the latest news and financial information.