Retirement Plan vs Comprehensive Wealth Plan

Feb 25, 2021 11:01 pm

Good Morning ,


Today, we'll talk about something everyone already knows, but they don't do. And then we’ll look at how much that’s costing you.


Did you know that “You Are Your Wealth”? 

Do you recognize the importance of the phrase, “Know Your Numbers”?


Well, this isn’t my first rodeo.


I’ve worked with hundreds of clients inside Velocity Consulting. Everything is fully proven to produce results, and all the usual responses are anticipated. 


You see the usual response to learning about a Comprehensive Wealth Plan is students want to skip “the basics” so they can “get to the meat”.


Big mistake!


I was concerned you’d think “been there, done that” when nothing could be further from the truth. 


It’s a common mistake.


Here’s the reality… 


We deliver a complete system for harnessing your “personal capital” to result in wealth. It’s all about how you design your daily life to literally pull you toward your financial goal.


When we go to the next step we do the same thing, but with your financial capital.


Your financial results will be determined by how effectively you manage your three primary resources – personal capital, financial capital, and time.


This is the foundation that all wealth is built from because it’s nothing more than the deferred gratification and intelligent multiplication of these core resources.


Notice how none of this is rocket science. 


It’s all very straightforward to understand and works with making wealth achievable for anyone, regardless of your financial history, background, and skills today. It’s totally within your wheelhouse as long as you know the right things to do.


But that’s where things fall apart…


It may not be complicated, but few people walk-the-talk, and that’s why so few people actually create wealth or achieve financial security. They think they know, but to know and not do is to not know at all.


That’s what separates those who achieve their financial goals from those who do not. It’s not some big mystery or secret. You just have to take the right actions governed by valid principles using smart strategies so you can produce the result.


Anyone can do it, but very few will.


The starting point is an Advanced Wealth Plan that governs the strategies you apply to your scarce resources and then converts it all into daily actions.


I’ve never had a coaching client or course student who didn’t have plenty of room for improvement managing these two key resources. Odds are high you won’t be the first exception.


Yeah, it’s basic and simple to understand, but it’s also critically important to get right to set the foundation for your wealth.


The depth and breadth of your foundation determines the height of your building (wealth building, in this case).


The bigger idea I want you to take away from this is how there are 3 components to a comprehensive wealth plan:


  1. Smart resource management (personal, financial, and time)
  2. A strategic blueprint that integrates those resources into an action plan using proven tactics and strategies
  3. The implementation of the plan by reverse engineering everything into daily action steps to achieve your goal


Each of these 3 components is essential to giving you an actionable, personalized wealth plan uniquely fitted to your life situation, resources, skills, and goals that will produce the desired financial result.


If any one of these components is missing then your plan will be less effective, or possibly not effective at all, thus reducing your financial results.


Let me know if you have any questions on this. I am happy to help.


CJ Wallace

Velocity Consulting

creditwiz@investorpro.org

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