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Do you have a definition of Financial Success?
If not, then how are you going to measure that you have become financially successful?
Do you know the Four Measures of Wealth? Total wealth is more than your net worth. It is the sum of everything you own that is valuable, convertible, and transactable; Money, Wisdom, Time, and Energy
Money is an idea backed by confidence.
Do you know the four attributes of time? 1. gradual 2. indiscriminate 3. silent 4. insurmountable
Energy is the power behind emotions, purpose, decisions, and actions.
Wisdom is the sum of all intelligence, skills, and mistakes you realize in your life.
The period when you have control on the four measures of your wealth.
What measure of wealth do you have available to invest? 1. Time 2. Energy 3. Wisdom 4. Money Financial Planning is about efficiently investing and growing the assets we have to accumulate the assets we need.
Four durations of financial planning: 1) Lifetime 2) Last day 3) Longevity 4) Legacy
WHO must you understand to become a better investor? You are a sum of four states 1. Physical You 2. Cognitive You 3. Emotional You 4. Active You
Why do you need a financial plan? Does it depend on who YOU are?
How much do you think?
"The future depends on what you do today." – Mahatma Gandhi
"Time wasted is existence; used is life." – Edward Young
"The trouble is, you think you have time." - Anonymous
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