The first piece of the 3-step Wealth Beyond Wall Street Framework is:
1. Get your house in order.
You can never grow wealthy when you spend more than you make, or you don’t control your money.
It’s essential to start with getting organized, making sure you know what money is coming in and where it’s going, and having a plan to track spending and get out of debt.
The second step is:
2. Build On A Strong Foundation.
Every great building is built on a foundation of rock-solid concrete, steel, and rebar.
No builder would ever dream of building a million-dollar home (or any home, for that matter) on a pile of sand or mud.
Just like the parable of the wise man and the foolish man—the wise man built on the rock and, when the storm came, his house stood firm. The foolish man built on the sand and, when the storm came, it washed his home away.
If you build your wealth on a strong foundation, when the storms of stock market crashes hit or the economy goes into recession or depression, you are the wise man with your financial house built on a rock that will not fall.
Now you can live with a peace of mind difficult to come by in the tumultuous world we live in.
The third step is:
3. Amplify Your Wealth
This is where it gets really exciting.
This is where you start seeing your wealth grow quickly because you can literally earn interest on the same money twice. (Remember, this is similar to how banks do fractional reserve lending, but you get the benefits-not them!)
This is the strategy we used when buying our office building and most recently a lot on our private waterski lake.
In chapters 7, 9, and 10 of our book, you’ll see all kinds of examples of how you can Amplify Your Wealth by using these Wealth Beyond Wall Street strategies.
The last step in the Wealth Beyond Wall Street Framework is:
4. Multiply your wealth
When you multiply your wealth you aren’t just getting a few percentage points of growth each year. Now you are seeing your wealth compound in multiples.
The concept behind multiplying your wealth is that you are able to generate capital that becomes a source of passive cash flow you can live off of for the rest of your life.
This is where you truly enjoy financial independence, because you now have the freedom to decide what you want to do with your time and talents.
There are several ways you can multiply your wealth. In our book we share several of our favorite and most proven methods of millionaires across the country.
We developed this framework over the years. We still use it today to create real wealth for ourselves and families. Now we have put it together into an easy-to-follow formula in our book.
We lived through the devastation of losing money in the market and getting crushed by taxes.
It was those experiences that led to our mission to change the way Americans save and invest their money, so you can achieve true financial independence with a plan that won’t let you down.
America means freedom. It’s very difficult to have financial independence by following a stock market and retirement system designed to enrich those in Wall Street, and a tax system that empowers Washington politicians to take more and more of your money.
Blindly accepting the status quo—the idea that investing in the market using “qualified” plans would create the retirement of my dreams—got me burned.
Even more tragically, the same thing is happening on a huge scale right this minute, to people all across the country.