Standard retirement plans are quite simple and apply to the middle class and to a lesser extent the financially independent The following process would apply almost entirely to the middle class pension savings only (the financially independent would have extra personal holdings of assets such as bonds, stocks, mutual funds and rental properties): 1

In this article we will look at how to effectively implement this strategy to increase your wealth But before we do it's important to recognize that this strategy offers you the benefit of cash returns and easy access to your capital

The process of creating and calculating your vision statement is a 4 step process: STEP 1: Creating your vision statement: Creating your vision statement should be a soul-searching discovery, not a clinical exercise Your vision isn't something you can formulate and write in one sitting

The traditional definition of assets defines an asset as anything you own that has some monetary value While this definition is correct and may seem logical, it is completely unhelpful when it comes to wealth creation

I'll assume in this article that you already have the basic understanding of stocks and options If not then it would be worthwhile to read about these investments first

The Wealth Formula succinctly depicts the components that are necessary for you to create real wealth The Wealth Formula is shown below: M+K+P+A=W It identifies four essential wealth creation stages and the relationship between them

Financial Statements Introduction: Financial statements generally take the form of records of the financial performance of a business They provide information about the profitability and general financial health of the organisation

We all think we know what income is For most of us it's simply the salary we earn in exchange for our time

It is absolutely necessary to use leverage if you want to become wealthy In fact you need to use massive amounts of Leverage

Vision and mission statements are written records of your dreams, personal statements of what you want to become, accomplish, feel, experience, think, own, associate with and impact Your vision and mission statements will give you a sense of purpose, motivation, focus and energy, as well as help you face fear head-on and keep you on track when your journey starts to go off the rails