Seven Principles for Building Wealth

"Make a decision to be successful right now. Most people never decide to be weaelthy and that is why they retire poor."

-Brian Tracy

Seven Principles to Help Build Wealth

  1. Save at least 10% of your pre-tax income.
  2. Use, buy and hold strategies to stay invested.
  3. Use asset diversification when investing.
  4. Use asset allocation for your appropriate risk-versus-return.
  5. Remove your emotions by investing systematically.
  6. Find an objective financial advisor.
  7. Align your personal real estate investments with growth trends.

Diversification helps you spread risk throughout your portfolio, so investments that do poorly may be balanced by others that do relatively better.

 Asset allocation is an investment strategy that aims to balance risk and reward by apportioning a portfolio's assets according to an individual's goals, risk tolerance and investment horizon.
Neither diversification nor asset allocation can ensure a profit or protect against loss.