I know a lot of really wealthy people. A consistent comment I hear from them about their wealth is that they have it, but they’re not sure when they got it. I love that comment – it always makes me laugh!
Now, don’t get me wrong, they absolutely know HOW they got there – years of hard work and personal sacrifice. It’s just that they don’t know exactly when that tipping point from need to excess happened, when they actually became wealthy.
My question to you is, are you there? Sorta there? Would you recognize it if you were?
At a recent Tony Robbins event, we were given a way to measure financial progress. I’d like to share that here so you can watch for your own tipping point with some numerics and definitions, as well as with great anticipation!
Did you know there are areas of wealth to be measured? Fortunately, there are. And if we can break them down and analyze them, we can track our progress. Like any area of pursuit, if you don’t have a map, you don’t know how to get where you want to end up and you won’t know if/when you arrive.
Let’s clarify what that road to true wealth looks like.
1. Financial Protection
This is the starting point, the first goal. In this stage:
- You have enough liquid assets to cover your overhead, your basic living expenses, for a minimum 2-24 months (depending upon your level of comfort). You have enough liquidity (savings) to meet the basic needs of your family whether or not you’re able to work.
- You …read more