?? 3 Pillars the Wealthy Use to Grow Financially
KELLY IANNONE
?? 20-Years in Corporate Leadership at Disney >> Full-time Investor ?? 5 Star Kid Chaperone ?? Aspiring World Cruiser ?? Founder of Waypoint Investor Club
Hey there -
Society teaches us to confuse income with wealth - our economy is built on it - but they are not the same.
Regardless of if you make $100k a WEEK, if you spend it all, then you’ll have ZERO wealth.
You'd live paycheck-to-paycheck like 66% of Americans. (and you deserve so much more than that!)
I remember when my husband and I were making great money, but we weren’t saving enough – and we certainly weren’t investing strategically.
We still felt the stress of not having enough money to truly get ahead, and have certainty that we’d be able to retire with plenty of money.
We did a big financial review and realized something had to change – and quickly.
I’m proud to say we’ve done the work, diligently…to create certainty and financial peace of mind regardless of the economy. Prospering financially is not rocket science. ?? It just takes discipline over time.
Here are 3 pillars the wealthy use to achieve financial goals:
?? Save – Live on less then you make
Our personal goal was for me to leave my W2 which meant we needed to invest 50% of our household income. I know that may sound aggressive – the important point here is to just start saving more than you’re saving today.
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?? Invest – Put the gap between income and expenses to work for you
I’m talking about more than 401Ks, stocks, and mutual funds. Learn the alternative asset world – it’s a goldmine of opportunity for higher returns and tax savings.
?? Diversify – Spread investments across various asset classes
I know you’re probably tired of hearing “diversification,” but it will literally protect your portfolio from complete obliteration (yes, a bit dramatic) ??.
Our current favorite asset classes are multifamily, agriculture, tech, and stocks. These are the same 3 pillars that wealthy folks teach their kids and what I’m teaching mine.
If you’re already doing these 3 things, you’re rocking it! If not, it's never too late to start.
Here to help you when you’re ready – I’d love to connect over a cup of coffee on zoom and some good conversation. DM me "COFFEE" and we'll get it set up.
TLDR: Spend less then you earn, invest the difference, diversify across asset classes, repeat. ??
P.S. Was this helpful? Comment “YES” below and let me know! I'd love to hear from you.
Investor | Wealth Strategist | Financial Freedom Advocate
5 个月Amazing article! The stats are just sad and I can tell you that working in corporate made me see that first hand, people simply don’t know what to do with the money (loads of it) they are making. It is a simple move and if people automate their finances it is so much easier! Keep spreading the word, more people need to hear this!????????
Fractional CFO | Advisory Accounting & Tax Planning Firm | Speaker
5 个月Thanks for sharing this, Kelly! Financial stress is a huge issue for many.
Empowering Accredited IT Executives to Build Wealth Passively Through Real Estate | Amazon Best-Selling Author & TEDx Speaker | Tax-Efficient Strategies | Schedule Your Free Consultation Today
5 个月KELLY IANNONE I am with you. I was at a networking event last weekend and spoke with a couple of women who were in their mid to late career points and they both told me that they haven’t done much to prepare for thank you so much for retirement.
Engineer????Real-Estate Pro| MultiFamily Syndicator??| Wealth Strategist??| Traveller??| Reader??| Ex-Qualcomm
5 个月thank you for sharing these valuable insights on financial awareness. ??
??I've helped my clients increase their NOI by $6.5M & add $100M in asset value since 2019?? | Creator of The TCO Method ? | Consultant | Real Estate Investor | Podcast Host
5 个月It's an easy trap to fall into, especially with social media and the tendency to keep up with the joneses, KELLY