The Top 3 People in Your Board of Wealth Directors
You are the CEO of your own life. That’s a fact. I believe that in order to perform at the highest levels, we must associate with experts who optimize our knowledge, performance, resources, and networks. I call this your Board of Wealth Directors. The fact is, wealth is not built alone. You can only do so much and know so much by yourself. If you desire to build more wealth you will need a group of trusted experts who can help you get there. That group is called your Board of Wealth Directors. Today I want to talk about who is in this group!
1. Your Wealth Coach & Advisor. This person is me. This role is one and the same. It is a role of advice and coaching. This person must fundamentally believe that your time is more valuable than any money out there and that their sole purpose in life is to prevent you from having to trade time for money as fast as possible. This person creates a written strategy to help you achieve you wealth goals. Every recommendation or idea must flow through them first so that it can be reviewed against your strategy. This person will advise you and coach you on how to increase your income today, how to maximize your savings rate, and what types of investments should be made and what kind of returns must be produced at a minimum. This person is also your connector. Part of their job is helping you expand you network. Lastly, they are in charge of ensuring that you are growing, reading, and learning all the time. This is not a “financial advisor”. A financial advisor is just someone who sells you retail financial products and manages your retirement account. Vanguard can do that for free. You don’t need a financial advisor. You do need a wealth coach. Click here if you have not hired this role. I’d like to interview for it.
2. Your tax professional. The only things guaranteed are death, inflation, and taxes. Your Wealth Coach handles beating inflation. Your tax professional is responsibility for helping you beat taxation. I fundamentally believe that taxation is theft (another reason to hire me as your wealth coach) and I insist my clients find a tax professional who holds to the same belief. Your tax person should teach you how to manage your income and expenses in an organized and time efficient way so that you can send it all to them on a regular basis. They should create reports that help you view your balance sheets, profit and loss statements, and most importantly your cash flow statementseasily. Most importantly and quite plainly, the bulk of their job revolves around preventing you from being stolen from. If taxation is theft and the IRS is the thief, they should always be looking at every legal means possible to keep the thief out.
3. Your legal professional. You need a legal team on your side that cares deeply about your wealth and the protection of your assets. Taxes, legal liability, and organizational structure should be the focus of your legal team. You want preventative lawyers who will do a great job on the front end and if you do have a legal issue arise you want stone cold killers. Your legal team has one job, protect you and win. I can introduce you to the legal team that I use and recommend to all of my clients. Email me at Jerry@WealthDynamX.com if you’d like an introduction.
You need A Wealth Coach, a tax professional, and a legal professional. Those are your first 3 hires. Why? Because they will help you lay the foundation so that every other decision filters through the already created plan. Otherwise you make decisions at a whim that don’t align and it stunts your wealth building potential. My intention is to become your Wealth Coach. My average client sees a 30% increase in income, a guaranteed increase in savings rate, and secures 8-12% fixed annual returns on their assets in the 1st 90 days of working with me. Click here to schedule a meeting with me and my team.
Own Your Potential,
Jerry Fetta helps his clients make money, keep it, and multiply it.
He believes everyone should own their potential. He believes you were not created to spend 40+ hours per week serving the 40-year-to-life sentence trading your precious time for money just to live in mediocrity.
However, the truth is that time and money must be exchanged. It just doesn’t need to be you making the exchange.
Jerry helps his clients create wealth that exchanges time and money on their behalf.
His clients see a 30% increase in income, a guaranteed increase in savings rate, and 8-12% fixed annual returns on their assets in the 1st 90 days of working with him.
To get started, go to www.WealthDynamX.com/potential