You Need More Money

You need to create “real wealth” that can provide for your family and your heirs.

A cancer diagnosis, a job loss, new business regulations or a financial recession can become financial wake-up calls that often take people by surprise. They suddenly realize how quickly their money situation can change. You can’t control all the situations that affect your finances, so focus on what you can control: getting your financial life in order. Understanding and controlling your finances gives you the freedom to help others, to take time off when you need to and to cover unexpected expenses without going into debt.

Ramp up your ambition to realize your earning potential. To do so, first admit that you don’t have enough money. You need more money to pay the bills, to protect yourself and your family from events you can’t control, to help you live your life to the fullest, and to provide financial security for you and your family.

What financial goal will help you achieve the lifestyle you want? One formula asserts that in your 50s you need a net worth that is 10 times your annual income. If you think this is unattainable, change your mind-set, because you...