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Welcome to 2025: Be Rich! Be Happy!

Updated: Jan 28

You will have more opportunities to create wealth in 2025 than ever before, so let’s review the foundations of wealth building.


We will stay on the topic of wealth as money in this post, recognizing that there are other aspects of wealth that are just as significant to one’s happiness including your health, the relationships you have with people in your life, and even with the relationship you have with yourself.


Money, in itself, is a tool and a resource to use in life. Be smart. Be wise. Be complete.


You’ll Never Be Rich Unless You Master these 5 Rules

1. Mindset

Belief is powerful. You must believe you can achieve the wealth that you want. If you don’t believe you can, you won’t.

2. Time

Create your mastery in the use of this asset: your time. Time is an asset you will never get back. Creating wealth doesn’t happen overnight. Wealth is cultivated over your lifetime. The sooner you start, the more opportunity you have, plus the power of compounding.

3. Financial Literacy

You must understand how money actually works in the world. Our current cultural mores and system of values does not teach us what money is, how it’s produced, how it is valued, the flow of money in the world, and who ultimately benefits from this framework. There is a framework, and I can promise you it is not the “people” who benefit in the system of money we have been in for 111 years. My key statement on financial literacy is: “How money works in the world is how your money is working for you and not working for you.” It is also key to understand the integrated roles of understanding cash flow, ie. money in and money out, asset protection & management, saving, investing, and the use of debt strategically to create assets, not liabilities.

4. Networking

The people in your life that you associate with personally and professionally influence your capacity and ability to create wealth. Your success in life is very much influenced by the people you surround yourself with. Build connections with people, personally and professionally, who care about your success.

5. Investing

Take smart calculated risks in investing. You cannot become rich unless you do.


99% of people do not make these 5 key attributes of building wealth their everyday habits, but you can!


The 5 Domains of Money that are Key to Building Personal Wealth

This is comprehensive financial planning. All your money working together to create more wealth for you-each domain doing its' job for you. This is “Financial Literacy.”


1. Cash Flow

meaning all incomes coming in, and all expenses going out

2. Debt Management

meaning using debt judiciously for creating assets, not lifestyle spending

3. Asset Protection & Management

meaning using the assets you currently own to create more assets including your capacity to generate your cash flow-active and passive incomes, your health, and essentially your whole life as the economic engine of your life

4. Savings

meaning savings is not a do-nothing asset; it is an investment waiting to happen… at the right time (liquidity is priceless for opportunity and handling emergencies)

5. Investing

meaning taking smart calculated risks


Are you ready to level up your financial game?

Create your “Rich and Happy Plan” today. Being rich takes having a plan, expertise, insight, and the right professional to assist you. You supply the “Happy” and I will supply the professional expertise for you to be rich!


Your thoughts and questions are always welcome!


 

MSM Advisory, LLC. is a professional practice designed to offer you the customized financial planning advice, strategies and implementation to make your dreams come true. Money matters and this is what the money is for… your vision for your life coming to life… for you.


This takes your vision and your actions. You are surrounded by brilliance. Tap into it. Now is the time.

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