008 Understanding the Number for Wealth Creation

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By Mel Abraham, Mel H Abraham, CPA, CVA, and ASA. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Today, we will do a bit of math to understand the number of wealth creation. We will talk about the variables to consider when you want to reach the desired level of wealth, and we will cover the most common mistakes people make when planning their journey to a wealthy life.

What You Will Learn In This Episode:

- How the change in the pension plans has affected our lives

- Why we must create a lifestyle plan rather than an income plan

- How investment returns can help us create wealth, and how higher investment returns relate to risks

- The role of time in wealth creation

- The four inputs that affect the amount you need in order to grow your wealth

The see-where-it-goes mind frame is not the best strategy to achieve financial liberation. Therefore, when we talk about wealth creation, it is fundamental to have a clear goal, otherwise, it is impossible to put a plan together that will get you where you want to be.

Resources:

- Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint

- Access the Lifestyle Wealth Calculator ™ here http://www.melabraham.com/wealthtool/

- The Four Wealth Drivers Matrix™ https://melabraham.com/wp-content/uploads/TAE-008-The-4-Wealth-Drivers-Matrix™.pdf

- My website https://melabraham.com/

- The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans and Freedom, a book by Mel Abraham https://www.amazon.com/Entrepreneurs-Solution-Modern-Millionaires-Freedom/dp/1630473308/

- Find me on Facebook https://www.facebook.com/melhabraham/

- Find me on Instagram https://www.instagram.com/melabraham9/

- Find me on LinkedIn https://www.linkedin.com/in/melhabraham/

- Find me on Twitter https://twitter.com/MelHAb

- Find me on YouTube http://www.youtube.com/user/MelHAbraham

127 episodes