Protect yourself and your investments with the proper insurance. Without your health you can’t enjoy wealth. Proper insurance on your property such as autos and homes will protect you from unforeseen losses. Liability insurance protects you from loss through lawsuits. Life insurance can be established and adjusted to make your goal for your family in the event of your early demise. Disability insurance protects your income in the event of a serious accident. The companies and contracts involved in protecting yourself can be complicated. Your financial coach should be willing to work with you and coach you as your assets and life changes.

Be cautious about who you trust with financial advice.

Use caution as you seek out advice. Just as you should for any investment, due diligence is required when considering any financial or legal advisor. Find a qualified trusted advisor that you feel comfortable with, and communicate well with you. Too often plans and ideas are laid out, but there isn’t any follow through to measure progress and make adjustments. Your coach should be someone that you can relate to and trust.

Free your mind and spirit.

Break the debt habit. You’re stealing your wealth potential by generating debt. Paying off your debts as quickly as possible will take you to the next level of independence and security. When you are truly free your mind is open to so many other possibilities, and you will find more wealth generating opportunities than you ever dreamed possible. Just pay off any debts and listen to your financial coach as you make real progress toward wealth generation.

Expect success but plan for the worst. With your savings, create an emergency fund. Set aside enough money for at least six months of expenses. That emergency fund will relieve some stress and free your mind for real wealth generation.

Budget and save. To implement your plan you need a budget to measure your success against. So lay out your budget as a realistic living blueprint, but include in that budget a 10% payment to yourself. Setting the money aside in savings allows the money to grow with compound interest and work for you. Isn’t that the goal? To get your money working for you instead of you working for money.
Creating a budget requires some time with past bills and some trial and error as your plan develops and matures.  Just make sure you have that 10% savings bill at the top of your list.

This may seem contrary to your goal, but with step two you have to have faith for it to work.
That doesn’t mean to give all of your money away. What you want to do is give money to someone in need. Your gift must be given with pure intentions, simply to help another human being. When you have done this properly and without expectations, you will be rewarded ten-fold. The trick is to not focus on the “ROI” (return on investment) just reach out and help someone. Through helping others you always grow yourself, just as we teach we learn.

Here is the first of twelve for your consideration:

1. Planning is critical to success!
Clear measurable goals produce real results.

The first lesson can be learned
by spending time with a carpenter. You must have a vision and plan for what the
completed project (success) looks like and always – measure twice and cut
once.
The more detailed and focused a plan is, the more likely you are
to achieve the desired results. Just as a carpenter builds a home, your
financial success requires careful planning and measurement. Without a yard
stick or measurement of your progress it is easy to get off track.
A good financial plan is fluid and adapts with life changes. Life isn’t static and
with the proper financial coach to guide you through changes, your plan can
respond to change. With a plan in place you can move on to step two.

completed project (success) looks like and always ‐ measure twice and cut once.

The more detailed and focused a plan is, the more likely you are to achieve the desired results. Just as a

carpenter builds a home, your financial success requires careful planning and measurement. Without a yard

stick or measurement of your progress it is easy to get off track.

A good financial plan is fluid and adapts with life changes. Life isn’t static and with the proper financial coach to

guide you through changes, your plan can respond to change. With a plan in place you can move on to step two.