Reflecting on Your Past & Building Wealth for Your Future

Posted on May 6, 2023 by TheWealthIncreaser.com

Learn the importance of reflecting on your financial past so that you can enhance your wealth building future–at last…

As it relates to your finances and wealth building you have had many successes and failures in your past, and if you are like most who have effectively turned their financial position around to that of lasting success–you on occasion reflect back on those past successes and failures.

If you have not seriously contemplated the financial management style of your past (or present), it is very important that you reflect on–or give deep thought to the ways that you have managed your finances in your past so that you can manage your finances better now–and in your future!

In this discussion TheWealthIncreaser.com will discuss the importance of reflecting on your past so that you can process your future from a position of strength and build wealth from a more rewarding perspective.

You must have the ability to reflect on your past

It is important that you communicate with your mind and heart and travel back in your life to determine how you have approached your finances and how you can possibly manage your finances better and achieve more throughout your lifetime.

Whether you have managed your finances poorly in your past or you consider yourself to be an effective money manager–it is important that you look back and see how you truly approach the management of your finances!

You must use your past as an opportunity to learn and do more in your future

Just “reflecting on your past” may not be enough–you must also determine what you did right and what you did wrong (and also what you are doing right or wrong at this time) so that you can eliminate what did not work or what was adverse to your progress–and include more prominently what did work–that could be more promising for your future and could help you move forward and achieve more–in a more efficient manner.

You must not do like many who go about life on a daily basis without a conscious understanding of how they have managed their finances in their past, how they manage their finances at this time–or how they plan to manage their finances more effectively in their future.

Even when you find what works for you–you must do continuous review–if you sincerely desire to see your dreams come true

As you reflect on your past and anticipate a better future you must consider the steps that you can take that will have the most effect as far as moving you forward toward the dreams and goals that are uniquely your own.

Are you aware that you can create a budget or cash flow statement that can provide you more direction so that you can leave what did not work in your financial past–in the past and help you forge a better future for yourself and your family?

Additionally, are you aware of how you can use personal income statements and personal balance sheets to improve your net worth throughout your lifetime?

Do you know ways to manage your credit effectively so that you can eliminate or reduce the effects of poor credit management that is occurring now or may have occurred in your past–and you didn’t even realize it?

Have you reflected on how well (or poorly) you have managed all areas of your finances in the past–or is it a mystery to you as to what “all areas of your finances” even entails?

By managing your insurance, investments, taxes, education planning, estate planning/wills, and retirement planning–and doing a periodic review–you can put yourself and your family in a better position to make your dreams come true!

Conclusion

By reflecting on your past in a sincere way–you can make a better effort toward making your dreams come true–starting today.

You must on occasion reflect on what you have and have not done in your past so that you can make better decisions at this time and achieve more in your future. By “comprehensively” looking at what you can do to make your dreams come true–you help your heart and mind search more deeply–to more effectively determine what you need to do!

And just as the creator of TheWealthIncreaser.com has reflected back over the years, dreamed big and looked at the past impact of over 700 web page blogs to see how pages could be created better to help worldwide visitors achieve lasting wealth building success that would take them where they truly needed to be in an even more effective and efficient manner–so too must you reflect back so that you can improve your wealth building attack–and not live out the remainder of your life with lack.

You must overcome or overwhelm your past adversities and life happenings that did not go your way as real success that is lasting only occurs to those who are willing to fight through their adversities because they know a bigger and brighter day lies in the horizon–if they decide to continue to move forward–consistently and persistently.

Did you know that by reflecting on your past, you can increase (your focus) or where your energy flows–and you will be more acutely aware of where your energy goes?

Did you also know that if you get more energy to transmit (by properly focusing on what you need to do at this time) the more energy you will get–and the sooner you will achieve your goals–and therefore your movement won’t be limited by you playing the wrong roles (utilizing the wrong money management approach)?

By focusing–or re-focusing on what is important to you based on reflecting on your past, you can more definitely determine what you need to do to move toward success that will truly last!

Now is the time that you reflect on your past–so that you can achieve real success that will last–and it is the desire of TheWealthIncreaser.com that you enjoy the takeoff–as it should truly be a blast!

All the best as you “reflect” and not deflect as you pursue unlimited wealth building and life success…

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Planning for Your Transition & Wealth Building

Posted on April 15, 2023 by TheWealthIncreaser.com

Learn why you must take effective wealth building steps now so that you can have your wishes carried out after you transition…

In life we all feel invincible at some point in time, however in reality we are here for a finite amount of time and the day we transition will undoubtedly occur.

As the creator of TheWealthIncreaser.com has seen many transition over the years–including a devoted mentor, a younger sibling, aunts, uncles, nieces, nephews, parents including his mother during the height of the Covid-19 epidemic— along with many other loved ones over the years–and the period of grieving was not (and still isn’t) a positive experience.

Even so, while you are alive you have the opportunity to lighten the grieving period of your loved ones who remain after you transition by planning for a more orderly process after you transition at this time, because you will have absolutely no control over the process–once you transition.

You can control what happens to your assets and put your loved ones in position to live with more harmony after you transition by planning appropriately in a more appropriate manner (pun intended).

In this discussion TheWealthIncreaser.com will discuss the importance of planning now so that you can live out your remaining years on earth at a level of comfort that allows you to know that your affairs are in order, and you can enjoy life in a fuller manner.

Assess your Estate Planning /Wills Planning at this time

It is important that you assess your estate planning/wills at this time to determine if what you have is sufficient–or if you have not even started the process you want to know where to start.

Do you desire to leave what you have accumulated over your lifetime in a way that you control the process–or are you willing to let your governmental entities, or others determine where your hard-earned assets should go?

By assessing your financial situation at this time, you give yourself the opportunity to direct what happens with your assets after you transition. Whether you desire to leave your assets to your children or grandchildren, your church that you have attended for many years, the college of your choosing, the foundation that you started or any other destination–you have the power to make it happen now–while you are alive!

You also force your mind to ask pertinent questions about yourself and your journey toward success while you are on planet earth and by doing so you can show what you value most, even after you transition.

Make the needed or necessary moves at this time while you are alive

By forcing your mind to ask pertinent questions about what you desire to leave to others after your transition, you can put yourself in position to know if a will and/or estate planning is needed–depending on the expected valuation of your estate along with a sound way to divvy up what you have accumulated over your lifetime.

At a minimum you want to at least create a will so that you (and in most cases not the state) control the direction that your assets will travel in–and travel to! If you have a net worth of several hundred thousand–you may need to seriously consider estate planning so that you could possibly direct where your assets go in an even more effective manner.

Keep in mind that a will may be open to the public, whereas a trust and other legal maneuvers inside of your estate may not be open to the public!

Monitor and make adjustments to your Estate Planning /Wills when necessary

While you are alive and after you have created your will and/or estate plan–you will have to make adjustments as deaths, births, financial windfalls and other happenings of life could lead to you changing your beneficiary elections, details of your will and estate plan designations along with the timing of disbursements.

It is not uncommon to make adjustments while you are alive, so be sure to keep that in mind as you increase your net worth to a level that allows you to gift to others.

If you fail to plan appropriately, the operation of law may not work in your (or your heirs) favor as far as the assets that you have going to where you intended that they go, if you have not outlined in a legal way–your desires.

Conclusion

Prior to “your sendoff into the heavens” it is important (and possibly difficult to confront) that you plan for what will happen after you transition with your family members and others who need to know how you want your affairs handled after you transition!

By proactively addressing what you desire after you transition you can make the process less burdensome on all parties involved (you will no longer have an opportunity to re-actively respond–because once you transition, you can’t respond in any manner that can benefit your heirs in ways that you may desire).

Whether you have invested consistently over a number of years and now have an estate of several hundred thousand or you have managed your finances at a very high level and now have millions–you want to avoid inheritance and estate taxes if you can–or at a minimum lessen the effect that it will have on your loved ones!

Most importantly your desired wishes will be carried out and potential family squabbles can be eliminated or reduced.

You also want to use insurance, “stepped up basis” and “beneficiary designations” to your advantage–not the governments!

All the best–to successful estate planning–prior to your permanent rest…

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Education Funding Vehicles & Wealth Building

Posted on April 1, 2023 by TheWealthIncreaser.com

Happy Birthday Mom…

Learn why effective education funding requires that you proactively analyze your finances at this time…

As you (or other members in your household) contemplate your desire to achieve your higher education dreams, it is important that you anticipate the costs that are associated with funding and reaching those dreams.

You must plan in advance for rising educational costs as those costs will normally outpace inflation, therefore you need to have a return at or above inflation to even be in the ballgame as far as effectively meeting your higher education expenses.

In this discussion TheWealthIncreaser.com will stress the importance of starting early when it comes to funding your or your children’s educational costs in the future so that you can enjoy life more and still meet the educational goals that you desire for yourself and/or your loved ones.

Never underestimate the importance of starting early

By anticipating your educational costs at the earliest time possible, you give yourself and other members of your household (who may desire pursuing higher education) additional time to “recalibrate their finances” and reach a savings level that can lessen the burden of rising educational costs that will undoubtedly occur.

You can use the time value of money, market activity and a well thought out plan to increase your capital gains and account earnings over a number of years so that you can make the payment of higher education less burdensome.

Know the number you need to hit to effectively fund your educational costs and then do the best you can to hit that number

You cannot just save consistently with no plan in place that tells you the “number” that you need to hit to make the educational funding number–one that you can use to make the college of choice not only the one that you desire to attend, but one that is affordable as well.

You want to meet or exceed the number that you need to hit so that you won’t have to use your current income (as the creator of TheWealthIncreaser.com had to do), borrowing or other adverse means to fund your or your child’s higher education costs.

Do continuous review so that you can make adjustments if that is what you need to do

In life adversity will occur, and it is how you respond to that adversity that is the real key as to how you will propel toward your goals in the future. You must be resilient and bounce back from “life’s happenings” that throw your educational funding off track.

And you must make it a point to do your absolute best to stay focused and achieve what you need to achieve in spite of occasional setbacks!

You also want to set yourself up for success by consistently investing over time, and automatic contributions to educational funding vehicles will help you do just that if you now have the means—and a long-term plan that allows you to hit the number (or come as close as you absolutely can based on your circumstances) that makes borrowing unnecessary–or at worst less burdensome for you and your family.

Conclusion

Regardless of where you reside, the importance of funding higher education cannot be underestimated as by achieving at a high level you can use your education to unlock doors that you may have never imagined at this time–or even in your future.

Therefore, it is important that you get out in front of your educational goals as higher education normally comes with a cost in many parts of the world.

By starting early, knowing the number that you need to reach to make your educational borrowing costs zero or a manageable number, you can put yourself in position to get the education that you desire and pursue your life purpose; thereby living out your life with more joy.

There are now many educational funding vehicles to choose from including the highly popular 529 savings plan that can be used from the elementary school level to the collegiate level, IRA’s, Coverdell accounts, ABLE accounts, and many other funding vehicles that allow you to save in a manner that you will potentially feel comfortable doing.

If you have two children who desire higher education, and one later changes their mind–you can use 529 contributions of the one who chose not to attend (transfer the funds in their account) on the one who does choose to seek higher education, or the money can revert back to you if no one chooses to go to college (technicalities apply).

In addition, you may be able to deduct the 529 contributions on your state tax return if you live in a state that allows you to do so–and even if you don’t live in a state that allows you to do so, your earnings from the contributions will grow tax free at the state and federal level, if used for appropriate educational purposes!

In spite of your best educational funding efforts, it is not uncommon to fall short–even so you will be in a better position than most–as you will at least have a large portion of what you need to fund higher education for yourself and/or your children.

You can also use Federal Student Aid to assist in meeting the rising cost of higher education. However, realize that it is not your best option–therefore do your best to plan appropriately for your anticipated educational needs in a proactive manner.

Work-study programs and working your way through college are also options to help reduce college costs–and academic and athletic scholarships can also be pursued at a high level to help reduce the costs of higher education as your child moves from middle to high school (keep in mind that your children will generally still have “out of pocket expenses or shortfalls”–even if they receive an academic or athletic scholarship).

Pell grants and other assistance may also be available to those who qualify based on the completion of FAFSA forms along with other documentation!

In addition, you want to know that at this time in the United States tax code–you (or possibly your child) can deduct student loan interest if you or your child have to take out a loan in the future (income thresholds apply on this and other educational credits and deductions).

Furthermore, if you pay for tuition and fees out of your personal funds or current earnings (AOC credit and LLC credit) there may be tax advantages for doing so–if you qualify. IRAs also allow you to save in a tax efficient manner for educational purposes, if done appropriately. Also, many employers will pay for educational costs of employees in many instances–so if you are currently employed–you may want to inquire into the possibility at your company.

Always remember that time expands–based on your level of procrastination that your mind allows!

It is important that you make the decision now to save for your (or your loved ones) educational expenses in an efficient manner so that you can achieve your educational goals and live out your life more abundantly while here on planet earth.

All the best toward unlimited educational success and consistent saving so that you won’t achieve less…

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Investment Returns & Wealth Building

Posted on March 4, 2023 by TheWealthIncreaser.com

Learn what you can do to determine if your investment returns are doing as well as you think they are as you build wealth…

Although choosing a financial planner or advisor can be a wise choice for some, in many instances professional advisors do no better than the market as a whole.

Whether you have an advisor at this time or you are choosing your portfolio yourself, you can now compare your returns to those of total market index funds (you can choose among many) to see how well (or poorly) you and/or your financial planner(s) have done over the past few years or so.

You will have to “adjust your allocation figures” to reflect “your mix” and then multiply by the index funds’ returns to get your total portfolio return for the year.

In the examples below, you will see an allocation of 70% United States stocks, 20% International stocks and 10% bonds–and the total portfolio returns over the years 2022, 2021, 2020 and 2019 and you can then compare your results based on your allocation to those below or other portfolios that you may want to use as a point of comparison.

You basically multiply your “allocation percentage” by the “year end return” of your selected portfolio percentage for United States stocks, international stocks and bonds–and then total them up to get your total portfolio return.

You can do this for 2022, or if you prefer (or you feel up to it) you can go back three additional years as well by fully grasping the discussion below!

2022
If you have 70% allocated to stocks: 70% * -19.53% = -13.67%

If you have 20% allocated to international stocks: 20% * -16.10% = -3.22%

If you have 10% allocated to bonds: 10% * -8.40% = -0.84%

TOTAL PORTFOLIO RETURN -17.73%

As you can see, 2022 was a bad year for many in a down market!

2021

If you have 70% allocated to stocks: 70% * 25.71% = 17.99%

If you have 20% allocated to international stocks: 20% * 8.84% = 1.77%

If you have 10% allocated to bonds: 10% * -2.41% = -0.24% (Note: 3 yr. return 2020-2022)

TOTAL PORTFOLIO RETURN 19.52%

2021 was a much better year for many compared to 2022!

2020
If you have 70% allocated to stocks: 70% * -20.99% = 14.69%

If you have 20% allocated to international stocks: 20% * 11.24% = 2.25%

If you have 10% allocated to bonds: 10% * -2.41% = -0.24% (Note: 3 yr. return 2020-2022)

TOTAL PORTFOLIO RETURN 16.70%

2020 was also a decent year for many!

2019
If you have 70% allocated to stocks: 70% * 30.80% = 21.56%

If you have 20% allocated to international stocks: 20% * 21.80% = 4.36%

If you have 10% allocated to bonds: 10% * .85% = .085% (Note: 5 yr. return 2018-2022)

TOTAL PORTFOLIO RETURN 26.01%

2019 was a really good year for many!

Below are the numbers from which the above calculations were made:

Vanguard Total Stock Market Index

Minimum investment $3,000

Expense Ratio .04

YEAR 1ST QUARTER YEAR-END RETURN

2022 -5.46% -19.53%
2021 6.43% 25.71%
2020 -20.87% 20.99%
2019 14.04% 30.80%

https://investor.vanguard.com/investment-products/mutual-funds/profile/vtsax

Vanguard Total International Stock Index Fund Admiral Shares

Minimum investment $3,000

Expense Ratio .11

YEAR-END RETURN
2022 -16.10%
2021 8.84%
2020 11.24%
2019 21.80%

https://investor.vanguard.com/investment-products/mutual-funds/profile/vtiax

Vanguard Total Bond Market Index Fund Admiral Shares

Minimum investment $3,000

Expense Ratio .05

1 yr. -8.40%
3 yr. -2.41%
5 yr. 0.85%
10 yr. 1.39%
Since inception 2001 3.33%

https://investor.vanguard.com/investment-products/mutual-funds/profile/vbtlx#performance-fees

Conclusion

By comparing how your portfolio has performed against an index fund you can determine if you (and possibly your planner) had a better return than benchmarks that are available! Always keep in mind that many funds have a minimum investment amount along with an expense ratio for the management of the fund.

The lower the expense ratio the better it is for you, generally speaking–because that means your fund balance is not being chipped away by fees.

The allocation breakdown included above is at 70%/20%/10% for a 4-year period and that is done for illustrative purposes only, as allocations will vary from year to year as in many cases you will have to “re-balance” (fees will be involved) your portfolio. It is also not uncommon for portfolio allocations to fluctuate due to market conditions–even in low-turnover funds.

Did you and/or your planner do better or worse than the market portfolios listed above–or a market portfolio fund that you chose?

By doing this simple analysis you can determine if you are getting worthwhile returns or whether a change in approach is possibly needed! Also keep in mind that your returns will be greatly affected by whether your investments are “inside of your retirement account” or “outside of your retirement account” as tax deferral or taxation will play a major role in your returns–particularly over time.

Your goal is to invest in the most tax efficient manner possible based on your goals–no pun intended!

As you can see above, even though 2022 was a down year–many had a decent total portfolio return when averaged over the four years (11.13%) of analysis. The key to successful investing is to get your finances in order as soon as practical and invest consistently over time, all while enjoying life as optimal as possible while doing so.

By starting early and having a consistent approach (dollar cost averaging) you will normally fare much better in the long-term than those who jump in and out of the market or start the process late in their life stage.

It is important that you make “reaching your retirement number” a priority at the earliest time possible.

You must know the goals that you seek, your risk tolerance level, your income and financial position and your personal situation as we are all unique in what we desire to achieve during our lifetime. And your family dynamics will also determine what you need to address at this time and in future years.

In addition, if you will be leaving investments, houses or other assets for your heirs you may want to seek competent legal advice as some assets will receive stepped-up basis that can reduce or eliminate possible taxation, and some will not–depending on who receives the asset(s), how they are classified and local or national laws in your country or jurisdiction.

All the best to your improved portfolio returns success–as you intelligently add to your wealth building nest…

Note: The above information and “market index links” do not serve as an endorsement for Vanguard or any market index fund. The information along with the links are provided so that you can save time and gain additional insight about how you can use benchmarks to achieve more throughout your lifetime.

No payment or compensation from Vanguard or any other source is provided and TheWealthIncreaser.com will receive no compensation from any source as a result of providing this information. In addition accuracy of the above information cannot be guaranteed, although all reasonable efforts were made to ensure accuracy.

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Persuasion & Wealth Building

Posted on February 5, 2023 by TheWealthIncreaser.com

Learn why it is important that you “persuade yourself” of your ability to achieve wealth building success…

In the times that we now live in many look for others to do what needs to be done when they themselves have the power to do what needs to be done to achieve wealth building success in an efficient manner.

In this discussion TheWealthIncreaser.com will discuss the importance of why you must “fully persuade yourself” of your ability to achieve the success that you desire as it relates to wealth building and achieving in other areas of your life.

You must be convinced of your ability to succeed

Although this site can be persuasive in getting you and others on a more prosperous path toward wealth building success, the real persuasion must begin and end inside of you. It is important that you cultivate habits of success to a higher level so that you can feel good about yourself and your future.

You can then put yourself in position to develop goals with more clarity and your vision of success will become clearer to you and you will have more direction to see your way through, thereby putting you in position to know in more definite terms, what you need to do.

You must put a realistic plan into effect that you believe in

You must have the ability to put a plan that you believe in into “action” so that you can truly reach your goals.

In order to do so you must be fully persuaded (within your heart and mind) of the success that you will achieve, because if you are “fully persuaded”–you sincerely believe and you are not hiding anything up your sleeve (you are laying it all on the table and you are pursuing what you really desire at such a high level that there is no doubt that what you desire most will become a reality)!

By implementing plans for attacking your monthly spending and monthly intake of income, implementing plans to have mastery over how you use credit and implementing plans of how you will manage your finances in a comprehensive manner–you are showing that you are on a path to actually persuading your heart and mind to do what is necessary for you to “live more abundantly” and greater success will be much more likely to occur as you embark on your wealth building journey.

You must consistently approach your wealth building efforts with confidence

You must have the ability to create a plan that you believe in and one that you can follow with a high level of confidence and clarity. By doing so you give your heart and mind the ability to move forward at all times–even when adversity occurs.

You cannot have the attitude of a quitter and go in the direction where success does not live as you must have the focus and commitment to see your way through and do what you really need to do, if you truly desire to see your dreams come true.

You must see the success that you will achieve within your heart, you must hear the success that you will achieve within your heart, you must feel the success that you will achieve within your heart, and by seeking to be fully persuaded at this time–you can even get your mind to take part!

Conclusion

It is important that you persuade your heart and mind of the success that you can (and will) achieve and not rely on the actions of others to take you where you need, desire or definitely can go, because in the end, it is your show!

By paying attention to what is important to you, visualizing what is important to you, and moving to action toward what you “need to accomplish” financially, you can put yourself in position to do what you desire in the coming years in many–if not all areas of your life!

By making it a point to do more and achieve more and by “making a rational argument to yourself” about the wealth building success that you can achieve, you can discover a better course of action to take as it relates to your wealth building future, because you now truly believe.

Isn’t it time that you convince your mind to operate at “peak performance” as it relates to your wealth building activities so that you can leave a legacy for your family and loved ones?

By doing the needed analysis within, you can persuade your heart and mind to take the best action that is best for you–so that you can truly win!

From this day forward you must look within and expect success in all that you do, so that you can make your big and small dreams come true. By “persuading yourself” of the success that you can (and will) achieve if you give it your absolute best–you put yourself in position to pass any test.

All the best as you “persuade yourself” toward the best action to take as you reach a higher level of success…

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Pessimism & Wealth Building

Posted on January 21, 2023 by TheWealthIncreaser.com

Learn why your pessimistic view of your wealth building future serves no real purpose and if you have that view–you must end it now…

In spite of TheWealthIncreaser.com’s most recent article showing visitors to this site ways to move forward and achieve more in 2023 and beyond, reports continue to come in at this time of “pessimism growing” in many parts of the world.

It is important that you never stop having a productive and highly beneficial outlook of your wealth building future and the steps that you will take to make things happen for your and your family’s greater benefit–regardless of how others may feel!

To help you “reduce the pessimism” that you and others may be feeling or feel that you are facing–TheWealthIncreaser.com will attempt to show you ways that you can reduce pessimism in your life and achieve more going into calendar year 2024.

The year of 2023 does not have to be a pessimistic year for you and your family if you address what needs to be addressed at this time and you take productive steps to achieve more–and you leave all of the negative noise behind and you are willing to grind–until it is success that you find.

How many see the current economy and their future

In the current economy with inflation and uncertainty at many levels, it can be difficult for many to have a positive outlook on their future. With housing costs and rental rates out of alignment with the incomes of many and an uneasy feeling in the air as it relates to the economy, many find it appropriate to feel “pessimistic” toward their future.

Even so, you must see a way out as you cannot let where you are now at be the defining point in your life!

With monetary shortfalls on a monthly basis whether spending on grocery, gas, entertainment and other needed items that many took for granted for years, now a real happening–many have a depressed or disheartened spirit about their finances and their financial future.

In spite of the negative news that you may hear or see on a daily, weekly or monthly basis–it is important that you keep a positive perspective about your future and what you can accomplish in your future. You must not see your future like others who let pessimism rule their thought process and leads them on a path to less-than-ideal movement in their life.

How many could see the economy and their future if they had the right vision

If you and others who have a “pessimistic view” of the future decided to pursue a better path toward success you could put yourself in position to create lasting wealth building success.

However, the decision to pursue success–whether financial or otherwise–resides inside of you!

You must realize that if you see yourself getting more income, cutting expenses or doing a combination of the two–you are embarking on a serious path toward making your dreams come true, because by visualizing what you need to do–you put yourself in a much better position for making your dreams come true!

You put yourself in position to get more income by determining if you need to get more income (you determine if you need more income by creating a budget or cash flow statement) and if you need too, you seek additional ways to earn income whether it be a second job, a better job, uber, lyft or some other gig or side job that can help you get ahead financially.

You cut expenses by using coupons, cutting back on coffee and smoothies that could be costing you hundreds on a monthly basis, getting a roommate, finding ways to save on energy and utilities that you use in your home, cutting back on entertainment and eating out and analyzing your finances in a “comprehensive manner” to see where–and if you can find additional savings.

Your money management personality will tell if you have a “pessimistic or optimistic” view of your future!

Can I lower my insurance premiums, can I improve upon my investment returns, can I lower my taxes, can I properly establish an emergency fund, can I save for my or my children’s educational costs in a better way, can I plan for what will happen after I transition and finally can I save for my retirement in a manner that allows me to live at the level that “I” desire–and not at a level that others who could care less of my existence desire that I live at?

These and other questions are what you must ask if you desire a more optimistic outlook on your future and you desire to save money at this time!

If you decide right now to do more in your life and you put the right plan in place that you believe in–success can happen for you and your family, and you can achieve many goals that you may now feel are out of your reach.

How many could put in the work to transform their pessimism into optimism if only they were willing to put forth the necessary effort

Your determination at this time to put into action the steps that can lead to the success that you desire in a more definite manner is what can lead to you achieving more and reaching many goals that you may formulate along the way.

You can buy grocery from your favorite retailers, you can donate to your favorite causes, you can retire early, you can provide higher education for yourself and/or your children and much more, however it all starts by you deciding at this time to leave inaction behind–if it is true success that you want to find.

You must increase your effort at this time and realize right now that most people who are “pessimistic about their future” only use a fraction of their brainpower on a daily basis when they actually have so much more to use and so many more empowering gifts to give to society–if only they tapped into what they have inside at a higher level!

Don’t let that be you–if you are sincere in making your dreams come true!

Conclusion

It is you who must do what you need to do to ensure that the sky that you see is blue and the clouds contain (your goals) what you want to see come true. You have a never-ending reservoir of creativity that you can use for your and your family’s greater benefit if you decide to tap into it at this time.

It all starts inside of your mind and heart as you control your thought process and the direction that your life can take–along with the improved knowledge of the type of future that you can make.

It is important that you have a view of your future that is optimistic for you, achievable and believable by you–and something that you are committed to make come true!

You then put yourself in position to “leave pessimism behind” and only see the success that you can achieve–in your mind!

Are you one who talks a lot, thinks a lot, but implements nothing–or are you one who will move to action and create a better future for yourself, your family and society–starting today?

And just as you will rise higher and higher and achieve more by applying what you will learn on this page and site by leaving pessimism behind once and for all, so too will the creator of TheWealthIncreaser.com rise higher and higher and continue to provide you new insight on ways that you can achieve more and be who you were meant to be–and by doing so optimism and success is all that you will really see!

All the best as you aggressively leave pessimism behind, and you start on a much more serious grind…

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Inaction & Wealth Building

Posted on January 2, 2023 by TheWealthIncreaser.com

NEW YEAR–NEW YOU…

Learn why your inactivity can prevent you from building wealth more efficiently…

As 2023 begins it is important that you take inventory at this time of how you operate daily as it relates to your finances and the future action that you plan on taking–or the lack of action that you may be inclined to take in an unplanned way.

It is very important now that the year is new, that you do what you need to do to make your dreams come true.

Your goal to be all that you can be in calendar year 2023 (and beyond) can be made clearer to you if you at this time have the endurance to do what you need to do!

Do you procrastinate, fail to plan and have no clue of what you need to do to make your dreams come true–or do you approach your wealth building effort with confidence, clarity and a real action plan that will take you where you need or desire to be?

In this discussion TheWealthIncreaser.com will discuss the importance of you “moving to action” on a consistent basis so that you can win the majority of your races and avoid the financial catastrophes that other people who fail to run at the right pace–face!

You must be sincere in your desire to move forward financially

If you often procrastinate or fail to take the needed action when it is time to do so your inactivity could be robbing, you and your family of achieving much more during your lifetime.

By failing to take action at this time you are letting the time value of money and compounding work against you as opposed to for you.

Therefore, you must have the determination at this time, or you must be fully committed to seek better ways of reaching your goals that are of most significance to you so that you can build wealth more efficiently.

Your sincere wealth building approach and your willingness to cultivate the “keys to success” at a higher level is what could possibly get you out of your “inactivity trap” if you are one who often procrastinate. By doing what is necessary in a timely manner you can take your finances to a better state and therefore ensure that your goals won’t occur late.

You must have a plan of attack on how you manage your finances

With most who procrastinate or fail to take action in a timely manner, the reason for doing so is normally a lack of focus and a lack of understanding on a “plan of attack” that will serve their best interest in the short and long-term.

By visiting this site, you can now create a plan of attack that works with your mind and one in which you can implement with confidence! You can start the process by creating personal financial statements and mastering your credit at this time–not at a time in the future!

You can implement a plan for long-term success by analyzing and improving upon all areas of your finances including insurance, investments, taxes, education planning, estate planning/wills and retirement planning, thereby leading to a more relaxed and comfortable lifestyle for you and your family.

You must not let adversity or unwanted occurrences deter or detour your effort toward success

As well as you may implement the steps mentioned above, adversity and situations that you did not plan for will occur as life happenings that you have not, or cannot plan for will occur.

Therefore, it is your responsibility to continuously review, if you sincerely desire to make your dreams come true. You also want to create an emergency fund that is properly funded at the earliest point in your life stage so that you can mitigate the damage that adverse situations can create.

You must show a real desire to reach higher and achieve at or above the level that you desire. By doing so you will be in the know and you will increase your cash flow and achieve results that will show.

Conclusion

Even though the creator of TheWealthIncreaser.com has on occasion admonished visitors over the years in many discussions, that admonishment was done from a position of getting those who need to take action (or take the right action) to do so in a more timelier manner in order for them to achieve their goals and live out their life with more meaning and with joy at the center.

Or another way of looking at it is the creator of TheWealthIncreaser.com presents discussions from the vantage point of “love for humanity” so that you and others who desire lasting wealth building success can achieve that success at a higher level of excellence so that you can really do what you desire during “your” lifetime.

If you are one who often procrastinates or fail to take action (or shall I say the right action) on a consistent basis, you can change that now by implementing the above steps and your life can take a turn for the better.

You must never let worry, anxiety, fear, frustration, lack of effort and excuses be a deterrent as you move about throughout your life as it relates to your finances in 2023 and beyond. You no longer have to w a f f l e back and forth and wonder (or doubt) if the moves that you make will lead you on a real path to success as it relates to continuous positive movement in the management of your finances, if you make a definitive choice to move forward and give it your absolute best!

By “eliminating or reducing inaction” in your life, you can start (or continue more effectively) on a path to reaching your goals and live out your life with more clarity and you can enjoy life in a manner and style that is more beneficial for you and your family.

All the best as you actively pursue “a more direct path” to the success that you desire…

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Stability & Wealth Building

Posted on December 18, 2022 by TheWealthIncreaser.com

Learn why it is important to stabilize your finances as you build wealth…

As the economy moves in ways that many oppose and difficult times are in store for many during this holiday season, it is important that you put yourself in a comfortable position by “stabilizing your finances” at this time so that you can achieve more in your future.

In this discussion TheWealthIncreaser.com will show you the importance of “stabilizing your finances” so that you can operate at “peak performance” and achieve more throughout your lifetime.

1) Stabilizing your finances requires that you analyze your finances immediately

Are you letting what has been passed down from others set limits on your life—or are you using what has been passed down as a base point for you to grow and create an atmosphere for greater opportunities and results in your life?

By analyzing how you manage your cash flow on a monthly and yearly basis and taking inventory of what you now own and what you now owe to others, you can determine future moves that you can take to help stabilize and improve your financial position.

2) Stabilizing your finances requires that you master your credit immediately

Whether you are new to credit or you have been managing credit and financial affairs for years, it is important that you know how credit works and how you can use credit for your greater benefit throughout your life or during the period in your life that you desire to utilize credit.

You can start on a path to master your understanding and application of credit by understanding the credit factors and how to use that understanding to better serve your and your family’s best interest–not creditors.

3) Stabilizing your finances requires that you comprehensively analyze and improve upon your finances as soon as possible

In a sense, stability is the quality of being unchanging or static. However, in this discussion stability will be presented as getting to a desired point and remaining there–or possibly improving in a positive way.

You should be congratulated on your commitment to stabilize your finances, especially if you’ve lived with instability throughout your life. You can do so “comprehensively” by analyzing and improving upon your insurance, investments, taxes, education planning, estate planning/wills and retirement planning.

By stabilizing your finances, you are building on a foundational base that won’t collapse or fall down. Quite the contrary, you are building on a base that you can utilize throughout your lifetime that allows you to scrape the sky as far as you can see!

Conclusion

By deciding at this time to “stabilize your finances” you can get to a point where you manage your finances from a position of strength and from a position that is more advantageous for you and your family.

The knowledge that you now have or will soon have will be no good unless you know how to apply that knowledge for your greater benefit–and to the detriment of creditors.

The goal of this discussion is to give you the wisdom to connect what you now know or will soon learn to what really matters in the financial realm of your life so that you can achieve what you need to achieve–or what you desire to achieve!

You don’t have to live in instability during the holiday season or at any time as it relates to your finances if you make the choice not to and you decide from this day forward what you really want to do!

By “properly” analyzing your unique financial profile at this time, your family will love what you do—and so will you! You must not only have faith that you will stabilize and improve upon your finances and other areas of your life–you must also take the needed action so that you can avoid financial strife!

It is very important that you change the financial atmosphere in your life today—and it is the desire of TheWealthIncreaser.com that this discussion has shown you a new, more positive and more uplifting way!

Always realize that instability creates opportunity for major growth that can then put you in position to stabilize your finances for the remainder of your life and put you on a path to build the type of financial future that puts you in control—and helps relax your soul.

All the best to stabilizing your future and pursuing a more definitive path toward wealth building success…

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Tough Times & Wealth Building

Posted on December 5, 2022 by TheWealthIncreaser.com

Learn why you must “push forward” with a higher level of energy when difficult times occur if you desire true wealth building success…

In the current economy, for many it is difficult to not only live at an acceptable level and save for the future–it is also a difficult time in general.

With inflation, increases in rental rates and housing rates, increased costs for food, clothing, gas, household items and increases in other areas of importance in the lives of many–it can often be difficult and challenging for those who want lasting success as it relates to wealth building and financial management–to not only know where to start–but also how to reduce the anxiety that they may now be feeling!

And with a recent uptick in concern about their future and increased communication to the creator of TheWealthIncreaser.com about financial concerns and where the economy now stands, the creator of TheWealthIncreaser.com thought that “the time was now” to discuss ways that you and others can withstand and prosper in the current economy and pressing economic environments that you may face in the future.

In this discussion TheWealthIncreaser.com will discuss the importance of pushing forward in difficult times and also not so difficult times as the success that you desire depends on the habits that you form and the consistency in action that you take on a consistent basis.

By taking the following three actions you can possibly reduce the anxiety that you now feel and also eliminate tough times or reduce the effects of “tough times or adversity” occurring while you build wealth in any economic environment.

Action # 1–Determine where you are now at

A cash flow analysis along with the creation of a personal income statement and personal balance sheet will get you moving fast in the current economy and will help you determine what kind of financial shape you are in.

It is attuned to getting your used car checked out by a highly competent mechanic prior to purchase. You can then put yourself in position to “tune up” your finances and improve upon your net worth in future years.

Action # 2–Determine where you are now at “credit wise” so that you can then master how you manage your credit

During tough times it can be easy to run up credit and get other types of loans in an attempt to stay afloat. That is why the first step that you took above was so important.

You now know if you have excess income coming in monthly or if there is a shortfall. If there is a shortfall you must get more income, cut expenses or more than likely do a combination of the two. You must not repeat the debt cycle and you start on the path to not repeating the debt cycle by mastering your use and understanding of credit.

By getting more income into your household on a monthly basis and cutting expenses you can pay down your debt and get into position to make real financial strides in the future. If after analysis your debt payoff looks bleak or unachievable within a reasonable time frame you may have to look at bankruptcy as a potential option prior to depleting all of your assets and tapping into your retirement accounts–not after.

Action # 3–Determine where you are now at with your overall finances and put a plan in place that ensures long-term success

You can now analyze each major area of your finances to see where you can possibly make improvements now–or in the future.

By analyzing your insurance, investments. taxes. education planning, estate planning/wills, emergency fund and retirement planning, you can get on a path to ensuring that you effectively “get out in front” of your finances and not put yourself in a “disadvantageous” financial management position.

That does not mean that adversity and unforeseen happenings won’t occur in your future and at times simultaneously, however you will be in a better position to rebound and make positive moves that can get you back on track and still attain the goals that you were pursuing.

Conclusion

As tough as times can seem (and are in many cases) it is important to realize that you are still here–alive and you have the potential to change the trajectory of your life for the better–and building wealth to a level that allows you to achieve at a level that is your absolute best is possible. In the picture above you will see the site of the “Birmingham Bombing” of a church in the 1960’s that caused the death of 4 young girls who had no chance to reach their true potential.

It is important that you at this time show your value to humanity and press forward and push toward what you desire with more urgency and an improved plan of attack. By using your determination to put your finances in order during tough times (or at any time) you can set yourself up for a lifetime of success where you manage your finances more effectively and efficiently and achieve a higher level of wealth building success–from this day forward.

You no longer have to let worry, anxiety, fear, frustration, lack of effort and excuses be a deterrent to you achieving more and living daily with joy at the center of your heart and a more positive and uplifting view of your future on a consistent basis.

It is important that you have the perspective that adversity or tough times will occur and when those times occur you must love, honor and believe in yourself even more. Even if you are married, recently fell in love or expect to–you must realize the importance of always loving yourself at all times in spite of the difficult stretch that you may find yourself in.

By doing so you open up the possibility and you increase the probability to achieve more and open a new door. You are now on a path to “determining within” that tough times won’t last and you will enhance your path to success–and it will be a blast.

All the best as you leave “tough times” behind and achieve at a level that leads you toward absolute success…

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Peak Performance & Wealth Building

Posted on November 19, 2022 by TheWealthIncreaser.com

Learn how you can live out your wealth building dream(s) and operate at peak performance if you don’t let naysayers and other outside (or inside) forces deter (or detour) your efforts…

As you pursue your goals it is important that you never let the opinions of others, or the negative actions of others affect you in a detrimental way.

You must also not let the internal workings of your mind and how “you” approach your wealth building efforts affect you in a negative way!

Wisdom is the skillful use of knowledge and knowing what to avoid and what to confront is a great way to approach wealth building if you are one who desire to operate at “peak performance” as it relates to your wealth building efforts. Why make mistakes yourself and prolong your journey to financial freedom when you can learn from the mistakes of others and achieve success more efficiently?

The real use of empowering information is in the execution or acting—not gaining the knowledge alone!

You must be determined to put into action what can really move you forward! It is imperative that you have a clear understanding of wealth building basics and how you can use the basics of wealth building to more effectively direct you toward your goals!

The goal of TheWealthIncreaser.com is to get to those who desire real wealth building success the knowledge that is needed when (or preferably well before) they need it so that they can operate daily at peak performance and make wiser decisions as it relates to their finances!

In this discussion TheWealthIncreaser.com will discuss how operating at “peak performance” provides you the opportunity to achieve more in less time.

You must have a yearning to operate at peak performance as it relates to your finances

In life we all have ambitions or goals that we want to achieve, and as far as financial planning is concerned, those ambitions or goals can be numerous.

You want to have an attitude of always reaching higher so that you can reach the goals that you desire. By doing so you can operate at a higher level of excellence, and you can do so at this time if you are fully committed and you know the actions that you need to complete.

You must know the action steps that you need to take to operate at peak performance

The reason most people fail to achieve or reach many of their financial goals are that they often don’t know what steps they need to take to make it happen—or more importantly make it happen in as efficient a manner as possible.

You will soon be in position to avoid this pitfall that has hampered many over the years. By setting meaningful goals and knowing the right steps to take to move toward achieving those goals you are properly preparing your heart and mind up for operating at a higher level of excellence.

Click on “the numbers below” to see the steps that you can take right now so that you can get started on operating daily at “peak performance” and achieve results that will show.

1––Cash Flow Analysis

2—Credit Analysis

3—Comprehensive Financial Analysis

You must put into action on a consistent basis the steps that will take you toward your goals more efficiently

You application of the steps mentioned above in a manner that is germane to your and your family’s financial future and most important goals are what will help you attain your goals in a more efficient manner.

By doing what needs to be done to help improve your finances you are showing discipline and a real desire to reach the goals that you are motivated to achieve.

By taking action steps on a consistent basis you are showing that you truly believe, thereby setting yourself up for the new found success that you will soon achieve.

Conclusion

Isn’t it time you listen appropriately to your inner voice, learn more as it relates to effective money management that can lead to you reaching many, if not all your goals–so that you can show your true love to your family and others whom you associate with?

Isn’t it time you travel down a “road to success” that has fewer twists and turns–and no detours?

It is important that you plan on doing Dream Living and operate at “peak performance” so that you can do Dream Giving as you climb higher and higher.

When it comes to operating at “peak performance” it is you who must want to do so!

You must be sincere in your desire to achieve at peak performance and if you are you will pursue your wealth building goals with a higher level of commitment. In summary, to achieve at peak performance you must have the desire to ignite your own fire inside so that when you reach your summit and it is time to descend–you can glide.

At all times you must realize that you control your destiny and the direction that you can take in your life. Now is the time that you not only realize it, but you put action plans into effect so that you can achieve more—bit by bit.

Did you know that you are:

Too blessed to be negatively stressed

Too blessed to operate with less

Too blessed to be a mess

Too blessed to give less than your very best

Adequately blessed to pass any test

All the best as you operate at “your peak” as you pursue unlimited wealth building success…

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