The Wealth Cycle: Money in Motion (1/2)

Even without winning the lottery, your chances of becoming a millionaire are a lot better than you think. In fact, if you have the desire and conviction to be wealthy, you have a better chance of generating and, more importantly, sustaining wealth than someone who has won the lottery. My book, The Millionaire Maker, takes all the mystery out of wealth building. I believe that anyone can take a prescriptive, step-by-step approach to eliminate financial hardship and build wealth of a million dollars or more. And I don't mean just net worth; I mean cash flow - cold, hard cash in your pocket. Those of you who know that cash flow is king understand that I am talking about something real. My book is about taking action to generate wealth and make you a millionaire, precisely and methodically.

If I handed you $10,000 right now and you did not understand how to put it into the Wealth Cycle Process, then you would be no closer to generating wealth than you were before you had it. That's because most of us grew up living in a Lifestyle Cycle.

In the Lifestyle Cycle, wealth can never be built because money that comes in goes right out again to support perishable, one-time-use consumption. And in many Lifestyle Cycles, money is spent, thanks to credit cards, even before it's earned. Conversely, in the Wealth Cycle, money coming in supports assets - that is, money-making resources - that will generate cash flow and create wealth.

The difference between having wealth and not having wealth is the difference between living in a Lifestyle Cycle and living in a concept of a Wealth Cycle that has a 100 percent better chance of building and sustaining wealth than a person who makes $1 million a year and slices in a Lifestyle Cycle. And so although it would be nice of me to hand you $10,000, it's better if I teach you about the Wealth Cycle Process.

You Want Passive Income, Not a Passive Life

The Wealth Cycle Process shows you how to continually make money by increasing your assets, this creating a Cash Machine to deed those assets and steadily building your passive income so you can expand your wealth and live larger. Too many experts tell you to live small, spend nothing, and barely breathe as you dawdle off into the horizon. That sounds just awful to me. I believe it is possible to achieve wealth and have a latte with breakfast, Even if your debt seems utterly daunting, the Wealth Cycle Process will help you spiral your debt down while you spiral your wealth up. That is how the wealthy do it, and it's how you'll do it too. In 1991, when Donald Trump was $900 million in debt, it's pretty clear he didn't shrink his life and focus on reducing his debt. Instead, he found a way to rebuild his wealth so that it surpassed and soon eliminated his debt, creating one of the greatest financial turn around in history.

While many financial experts are earnest professionals trying to make a living, they can't help the fact that they are commission-orientated and tend to be conservative. Their interest is to keep your money in safe-and-sound accounts. But safe-and-sound accounts aren't so safe and sound anymore. The behavior of a few executives at a handful of companies can cause the entire stock market to swing. Global events, such as terrorism or instability in emerging markets, can cause bonds to sink. Pension funds default, the Social Security system seems shaku, and retirement plans can disappear. These days, all those planning strategies that seemed secure and conservative aren't. Sometimes, putting your financial plan in the hands of someone else is the riskiest thing you can do.

The United States of America was founded on the principles of initiative, resourcefulness, teamwork, and leadership. Abdicating responsibility to a sovereign was shunned, and accountability and opportunity celebrated. Yet less than 7 percent of our population knows how to generate wealth. There was never a class in this, your parents weren't given a special wealth manual to pass down to you, and financial planners have no incentive to teach you what they get paid to do for you. If you make the decision to do for yourself, you create the capacity to be wealthy.

A Year from Now You'll Wish You'd Started Today

You can make the decision to make a lot of money at any age and in any stage of your life. The Wealth Cycle Process will meet you wherever you are. Whether you have a solid net worth or are still looking to increase your returns or are deeply in debt, can't forego your day job, and want to be free of money worries once and for all, I will help you become a millionaire, a multimillionaire, and beyond, depending on your personal goal, No matter who and where you are, wealth building is well within your grasp. You just need to step up to the plate.

The 12 Building Blocks of the Wealth Cycle

Just as every person's life is particular to them, so must each person's wealth plan be tailored to the individual. The Wealth Cycle Process is based on 12 building blocks that you will employ in your own fashion, depending on your specific requirements and objectives.

Each building block is explained in detail throughout [my] book, but briefly they are defined as follows:

1. Gap Analysis: An innovative financial model that will create a map from where you are to where you want to go.
2. Financial Baseline: An overview of your current financial situation in the form of a basic profit and loss statement that includes revenue and expenditures and a balance sheet that includes assets and liabilities.
3. Freedom Day: The realization of each goal, starting with 120-day objectives and accelerating beyond millionaire status.
4. Debt Management: A Five-Step Debt Elimination Plan that erases consumer debt, the greatest barrier to wealth building.
5. Entities: The organization of trusts, partnerships, and corporations that hold and service wealth and take advantage of the tax strategies devised by Congress and state legislatures to protect companies and help businesses grow.
6. Cash Machine: The fuel that accelerates the Wealth Cycle, which comes from your capacity to create more revenue from a legitimate business venture. You must learn to earn.
7. Wealth Account: The concept of pay-yourself-first by consistently committing a portion of earnings for investing, a portion we call WAPP, the Wealth Account Priority Payment.
8. Forecasting: A projection of your revenue, expenditures, assets, and liabilities and how to direct those numbers into companies that make full use of the tax code.
9. Assets: Direct and diversified asset allocation, which is essential to create passive income to feed the Wealth Cycle Process like you can.
10. Leadership: You must learn to 'lead your wealth." Through you may, and should, choose to delegate your wealth-building, no one can drive the Wealth Cycle Process like you can.
11. Teamwork: You must build and direct a team of professionals to help you develop and execute your strategies and reach your goals. Wealth building is a team sport.
12. Conditioning: Financial way of thinking. As you accumulate the experience that gets results and gain confidence to commit even more significantly to your wealth plan, you will develop a positive and healthy relationship with money.