Like a photograph, a financial plan is a snapshot of your life at a given point in time. It is a worthwhile endeavor that can tell you whether you are on the right path toward achieving your goals, but it’s only accurate at the time it is prepared.
How to Really Build Your Wealth
How do we become wealthy? Our clients often ask this of us, naturally, as their financial advisors. Sometimes they’re surprised to hear us not say, “Save more,” “Don’t accrue too much debt,” or “Put your investments here or there,” as a first course of action. Of course, long-term savings of at least 10–15% of your income starting at a young age, combined with a decent investment plan left untouched for long periods of time, will inevitably produce substantial amounts of wealth. However, if you really want to get ahead, invest in yourself—and keep investing in yourself!
