Building Business. Building Wealth.


    For those of us not born into families of inherited wealth, not blessed with extraordinary athletic abilities, or having been fortunate enough to discover the next big technological phenomenon, wealth building may be somewhat of a challenge.

    One thought to keep in mind is this:

    Building wealth is not always about what you make. It is always about what you keep.”

    While that's not a new concept, it's one that's often overlooked by the “average” person.

    I know there are those of you reading this page who are saying “I already know that. Tell me HOW I'm supposed to keep what I make when I continually have more 'end of the month' than I have money.”

    Well, that's a common dilemma, but not one that's insurmountable. I have two questions for you:

    Do you have a monthly financial plan in place, otherwise known as (dare I say it?) a budget? If so, is it in a drawer somewhere gathering age and dust? Do you have it posted somewhere where you see it on a regular basis and refer to it at least weekly during the month? If not, you should and here's why.

    In order for any goal to be reached you must have a plan.

    It's all well and good to say I want to become a millionaire, but if you're really serious about your wealth building goals, how do you plan to get there? And NO, winning the lotto is not a plan.

    Wishful thinking or daydreaming about what we would do if we were wealthy is fun. It's a way to pleasantly pass some time with “feel good” thoughts. But if building wealth is a goal that you have established and that you're serious about, then you need to figure out what it is that you want to achieve, and then how is it that you're going to achieve it.

    One way to get yourself started in the right direction is to develop a “roadmap”. Simply put,

    Your roadmap is a plan of action that will take you from Point A, the place or circumstance that you currently find yourself in, to Point B, the place where you have arrived at that level of income which you consider to be the point of wealth.

    Another way of looking at this is that in order to achieve large goals, and for most of us building wealth is a large goal, you have to separate your goal into smaller parts. You know the old saying about eating an elephant; you have to take it one bite at a time. Which brings us back to the subject of a monthly financial plan or budget.

    Many people are afraid to develop a personal financial budget because they are under the assumption that a budget has to be something unpleasant or painful to follow, when really the opposite is true.

    When you develop a budget and use it appropriately, it can be one of the most important tools in helping you to build wealth. With a budget, you KNOW how much money you generate or receive (many people think they know this, but really don't), you KNOW how much money you're spending, and most importantly, you KNOW where that money is going. It's amazing how many people spend money each and every month, but really have no earthly idea of exactly where it goes.

    Food For Thought... A person in good health, having an employment career spanning from ages 25 to 65 years (or for a total of 40 years), and earning $520 per week or $27,040 annually (the average wage for workers determined by the Bureau of Labor Statistics for 2004), would make $1,081,600 dollars over the course of their working career.

    Once you have a budget in place, it will prove to be a valuable tool for giving you an accurate view of your financial situation. You'll be able to see what is working in terms of your goal of wealth building, and you will see what is negatively impacting that goal, so that you can make adjustments to achieve the results you want based on your goal.

    Monthly expenses are a huge factor in the financial outlook for individuals and families. Monitoring and controlling those expenses as much as is possible affords you the best opportunity to position yourself to benefit from your wealth building efforts.

    To get you on the path for wealth building, we highly recommend as a wealth building tool. Here's why:

    • is a free service. It works by enabling consumers to enter particular information, which then is used to match them with the companies that will best meet their needs. offers savings across 20 categories, including home loans, home-equity loans, purchase loans, debt-consolidation loans, credit cards, auto loans, insurance and wireless services.
    • compiles and compares plans and rates across multiple monthly services including credit cards—low annual percentage rate, best introduction rate and rebate cards, cellular phones and plans, Internet access, satellite TV, phone services—local and long distance, VoIP broadband phone, toll-free conference calling, debt solutions, insurance coverage—automobile, health, homeowners, life, and renter's.

    • is a resource for consumers seeking information on personal finance issues including accessing to their Experian credit report and credit score, and getting financial tips and advice.

    • By helping consumers reduce their monthly expenses, enables them to save or spend money on the things they really want out of life.

    • is now owned by Experian, one of the most respected names in consumer-based financial business.

    Visit now, today, and begin to increase your wealth building power!


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