9 POINTS TO BUILDING WEALTH

Here at Keller Williams, our goals are united in building wealth. What does wealth mean to you? It's not simply about the dollars, rather it is the impact you can have with a lifestyle of abundance. Wealth can be defined as "having enough passive income to fund your mission in life".

With a mindset of respect for the impact money can have, we'd like to share with you a wealth building action plan:

9 Points to Building Wealth:

1. Identify your finish line. Know your freedom number.

2. Establish your baseline. Your current net worth is your starting point.

3. Make a plan. Create a written plan working backwards from your target date and freedom number. Have a debt reduction plan, investment savings plan, and an investment plan.

4. Tighten your belt. Saving is essential! Live within your means. It's not what you earn it's what you keep and invest. Establish what are needs vs wants, and find expenses you can cut.

5. Build a moat. Build your savings. Protect yourself from the unexpected. This includes caring for your health.

6. Start investing with a focus on real estate.

7. Learn the rules of money. Read financial books such as - The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness. Try joining a wealth building club, or listen to a podcast such as KW's newest Empire Building.

8. Upgrade your 5. Find mentorship and accountability.

9. Choose your hard. Wealth building will be hard, but it's also hard to be in debt or be broke. Choose building wealth.

If you would like more helpful guidance on building your Real Estate knowledge, see our full calendar of free training at whykwrr.ca/calendar.