Wealth Building Information


The Wealth Connection - 2 Steps to Brighten Your Golden Years


Estimated Reading Time: 4 minutes -- Envision your life 10 or even 20 years from now. Where do you plan to be? What are you doing and with whom?

Most of us between the age of 35 and 50 years hope to be retired to some degree in 15 to 20 years or less. We see ourselves living on retirement funds enjoying life and family. I have never had a client tell me they see themselves penniless or sick. Yet, these same clients fail to have a full plan.

They may have a retirement fund at work and other investments but how are these performing? Did you plan a financial foundation? What does your Wellness Investment program look like?

Many people tell me they don't have a financial foundation program or Wellness Investment program in place. Regardless of age and health it is never too late to start planning. It is better than no plan at all. In this article I will give you 2 of the 21 most important Wealth Connection Steps I offer in my online course.

Ask yourself, how does wealth connect to your health? Does it at all? Today most people would agree that finances play a part in how we feel. Lacking funds can add stress to one's life and play a major part in your health. Ill-health can rapidly eat away at savings if you do not have a wellness plan other than health insurance.

In fact, I advise you rethink health insurance. What I mean by this is that it is what it says it is. Health insurance is for ill-health issues. Only a few "health insurance" programs are wellness insurance.

Health insurance also dictates the kind of care you can receive. Wellness insurance on the other hand is still an emerging system. A few companies do offer these types of plans and we do not endorse any insurance company as my job is to educate you a bit and you must look at what is right for your specific needs.

The wellness insurance programs I have seen work like this. The self employed or business can purchase these programs. They have major medical benefits for hospital and sometimes prescription drugs. They also have a "fund" where part of your premium goes that earns interest. That's right interest. You can use this money for any type of care you desire including alternative medicine of your choice. Any funds you don't use in a given year stays in your personal account earning interest year after year. At a certain age you can take this money out and use it. I have seen accounts that reach 30k and more. Why buy health insurance you do not use?

Step One

Look into Wellness Insurance programs. Only purchase from a known insurance company. One whose name you have heard of in the past that offers regular polices as well. It is buyers beware market so do your research.

Step Two

What amount do you personally put into your saving account each week? Most people say I have it drawn from my paycheck. This is not what I mean. Think about how much you spend each day on simple things like coffee or food. Can you spare $5.00 per week? I have only met one person who said they couldn't even save this much. Six months later this person who didn't become a client phoned me and said they had been doing it and it really worked. Here's the plan short and sweet - I go into more detail in my online program. Contact my office for more details of how to receive a free 7-part on line e-course.

Each week whether you have your paycheck direct deposited or not; have as much as you can afford withdrawn from your account and placed in a savings plan at an investment firm like Charles Schwab. Use who you wish and make sure they have an automatic withdrawal program and that the funds go into a savings program.

Every quarter double the amount you are putting in. If you find you really aren't missing this money from your daily life; double it every month. Don't be surprised if you start looking forward to saving and adding more to how much you 'put away' each week.

Once this account is equal to 6 months income we move this money into a different type of account I go into future foundation steps in the online program. But we keep putting funds into the savings.

What happens is we have at the base a 6 to 9 month savings account earning a bit better than a bank savings account. Next level is a certain type of money market with the same amount of funds earning a slightly higher interest rate, and so on up through Our Wealth Mastery program.

Point in fact, recently "Today on MSN" offered a glance at the habit of millionaires. Simple foundational planning won hands down.

Bonus Tip

Invest in your wellness. Visit an alternative doctor like a NCCAOM licensed acupuncturist. This ensures you are seeing someone who has completed an accredited program at an Oriental Medical College. Many acupuncturists are licensed through medical doctor or chiropractic programs. These programs lack in training and number of hours to meet. Make sure your practitioner is an active member of The National Certification Commission for Acupuncture and Oriental Medicine. Even if you love your doctor, choose a NCCAOM acupuncturist for this job - after all would you take your child to a gynecologist just because they deliver babies?

Or if you own a Porsche would you take it to a Honda dealership just because you also own a Honda. No, we take our loved ones and possessions to the experts. Do the same with your health.

Why do I suggest an acupuncturist? They are trained in wellness care and health care. Oriental Medicine practitioners know how to work with all types of illness and keep you well. Plan ahead even if you feel great get an evaluation now and follow a wellness program so that you continue to feel great into your golden years.

A wellness program may simply mean visiting your acupuncturist and massage therapist one time each month. Add up the dollars you save by not getting sick. Invest this savings in your financial foundation.

If you have health issues, think how you will be in 10 years from now if you keep ignoring and minimizing your health, using drugs or having surgery without exploring other options. Acupuncture is virtually painless and offers greater relaxation than even massage.

Dr. Debra Novotny L.Ac D.Hom ND www.enhanced-living.com


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


FinalCall.com News

Conference focuses on Black economics and wealth-building
FinalCall.com News
Jade Arrindell in attendance from Brooklyn noted the information presented on long-term wealth-building strategies, insurance options, aggressive stock market options, ways to build generational wealth, entrepreneurship as a means for creating freedom ...



The Philadelphia Tribune

All-Black National Convention focuses on wealth-building
The Philadelphia Tribune
In its third year, the Convention included classes, panel discussions and speeches centered on entrepreneurship, technology and wealth-building strategies for the Black family. “Not understanding the power of money cripples us, we must, as a mandate, ...



Montgomery Newspapers

Philadelphia Metropolitan Board of Realist hosts Community Wealth Building Day in Mt. Airy
Montgomery Newspapers
MT. AIRY — While Northwest Philadelphia families often have a reputation for living in their own homes, some in Mt. Airy, Germantown and West Oak Lane are no longer homeowners. Some local residents desire to put down permanent roots but cannot seem ...



SmallCapPower (press release)

Wealth-Building Stock Ideas from Gordon Pape
SmallCapPower (press release)
Canadian author Gordon Pape talks about the impact U.S. President Donald Trump is having on North American stocks and offers up three Canadian wealth-building stock ideas. In this interview with SmallCapPower at the MoneyShow Toronto, Canadian ...



Money Morning

Gold Prices Are Reminding Us of the Metal's Wealth-Building Potential Again
Money Morning
But investors are finally getting a reminder of gold's wealth-building potential. In the past week, gold has demonstrated its safe haven properties, rising with the U.S. dollar as Italian budget issues became a serious concern. What's more, gold stocks ...

and more »


Vail Daily News

Ask a Realtor: Working up to your dream home is a step-by-step journey (column)
Vail Daily News
You will love having your own home someday, and you will realize it is almost always the first step for everyone for wealth building for their family. The process, or journey, however, usually involves buying something smaller and more affordable as ...



CNBC

Mark Cuban: 'If you use a credit card, you don't want to be rich'
CNBC
Self-made billionaire Mark Cuban has advice for those looking to build wealth: Don't use credit cards. "Cut up your credit cards. If you use a credit card, you don't want to be rich," the "Shark Tank" star wrote on his blog in 2008. "The first step to ...



Richmond Free Press

City moves homeless shelter from Downtown
Richmond Free Press
The Conrad Center, which currently houses job development programs operated by the city Office of Community Wealth Building, was chosen because it has suitable restrooms, reliable heat and enough sleeping space to accommodate 150 to 175 persons, ...



Forbes

Wealth Advisor Returns With New Book To Help Business Leaders Make Future-Focused Financial Decisions
Forbes
Zdenek has been selected to appear in lists of the nation's top-financial advisors and is often quoted in the media about wealth building and wealth management topics. He is a graduate from Rutgers College and from Rutgers Graduate School of Business.



Forbes

6 Wealth Building Alternatives Without Buying Stocks
Forbes
While there are many ways to build wealth, one of the most common wealth-building platforms you hear about is the stock market. But, considering we are at near-record highs, investing in the stock market may feel risky. A lot of experts are predicting ...


Google News

home | site map
© 2007