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Most people believe that they must do without now in order to be comfortable in their retirement. This is really not the case. If one follows five simple steps to wealth building, he/she will find that one can be quite comfortable today and in the future.

Step one is to explore the different financial opportunities that are available. This includes many different types of investments, including a 401k, stocks, bonds, real estate, and more. Life insurance is also an investment one should consider. Whole life policies build cash value over time.

Some of the investment opportunities one can find are geared toward saving for retirement. Yes, we should prepare for our future, but does it always make sense to just park our money and let it do nothing but sit for 10, 20, or even 30 years?  I call that lazy money! What about the opportunities along the way? Is there nothing that can be done with that money in the nearer future that beats just letting it sit there for decades? Is deferring your taxes to some point far in the future—when taxes are likely to be higher—really a good planning move?

The second step is to envision. This means to take a long look at your current financial position and envision where you would like to be in one year, three years, five years, ten years, etc. In this way, you can establish a baseline against which to compare the results of your efforts as well as establish measurable goals and check progress against these goals.

This step will need to be repeated from time to time as the overall financial picture changes. By establishing goals, you create an attainable target that allows you to focus your efforts on building wealth to that level.

Step three is to embark on the road to financial success. At this point, you should be working to establish specific financial strategies that make your money work harder so that you begin working toward the goals established in step two. For most people, the expertise of a Prosperity Economics Advisor prove to be quite useful at this stage of the wealth building process. These individuals are trained in formulating strategies that make every dollar work in multiple ways to accelerate itself and create multiple benefits.

The fourth step is to execute the strategies developed. This may mean shifting investments in the stock market, locating properties to buy and rent out or renovate and resell, purchasing a life insurance policy, changing the way one invests in a 401k, or any number of things. The key is to execute each step in a systematic and cohesive macro-economic manner that allows you to see the overall picture of how these can all work together for a greater result, rather than against each other.

A Prosperity Economics Advisor can be of assistance at this stage as well, helping the person to make the changes and shifts in financial strategies that were planned for in the previous step. He can also help keep a person on track when things get a bit confusing as the entire financial picture starts to shift in different ways.

Step five is to expand on the investment opportunities one takes advantage of. If a sound financial approach has been laid out and the various strategies implemented properly, the person’s financial picture will show improvement. As this occurs, the person will become more confident in his/her wealth building strategy and will begin to see new investment opportunities opening up that were not available in the beginning. Taking advantage of these new opportunities is the key to expanding on the plan and accelerating the growth of one’s portfolio.

Wealth building is not something that will happen overnight. It requires a systemic approach that involves five simple steps. These steps are to explore one’s investment options, envision his/her total financial picture and establish goals for both the short and long term, embark on the road to reaching those goals by creating a financial plan that includes strategies for building and accumulating wealth, execute the strategies created, and expand investments as new opportunities open up and you gain confidence in your plan and ability.

What is the true purpose for increasing wealth or even becoming rich? To increase the richness of our lives, to enjoy life to the fullest. Today, men and women seek and increase in life, and wealth is often a means to an end. Rather than loving money or wealth as a possession to be worshiped, people desire wealth in order to be able to enhance or increase those experiences and relationships so important in life.

Some view the accumulation of wealth like a competition that is to be won. If you truly want to enhance and enrich your life, realize that building wealth is directly impacted by being creative rather than competitive. Many people equate financial freedom with unlimited money or wealth, when in fact true wealth – the purpose of wealth – means experiencing life the way you want without financial boundaries. When you cannot live life the way you desire or express yourself fully in your creative being, you will be motivated to pursue the wealth necessary to increase life.

Wealth building encompasses far more than acquiring assets and amassing huge sums of money. By increasing your own self-confidence and awareness of those dreams you want to pursue, prosperity can be yours sooner rather than later. Can anyone achieve prosperity in the present, or do all people even desire this level of living? Honestly, not everyone is meant to be prosperous – and there are a few characteristics that people who desire wealth both monetarily and in life share.

Those who are successful at wealth building are usually open-minded and think outside the box; they are dedicated to achieving the end result that is the focus of their efforts. These individuals recognize that there are some principles that apply to all areas of life, and that being open to these principles works to enhance every aspect of life, including the financial aspects. A true belief that you can achieve anything and attract those things you desire in life is essential in successful wealth building.

With the right approach, beliefs and mindset, wealth building for prosperity – both now and later on in life – is something that is easily within your grasp.

Wealth building involves much more than the money you command through your knowledge or experience. You can have a fantastic paying job, or you may be an entrepreneur with a firm belief that your knowledge or talents will provide you a stable financial future. What happens if you do not invest or manage your assets properly? Those interested in wealth building should delve much deeper, as the money you actually earn simply skims the surface when it comes to what can be achieved with proper implementation. It’s what you DO with this money that can make or break your financial future.

Unfortunately, too many people see wealth building as something that will help create a comfortable life at some future point. In order to be prosperous now, it is necessary that you learn how to think, be and do. As much as money can give you security, debt can make you insecure. No matter how much money you make, if you go too far in to debt you are setting yourself up for failure.

In fact, harmful debt is one of the biggest factors holding many people back from achieving the comfort and stability they desire in life. It is nearly impossible to build up your assets and create your desired lifestyle when you incur unnecessary debts that you cannot afford. This may include expensive luxury cars, excessive shopping, or even a home that is far above your means.

Attitude and action have much to do with how successful an individual is with wealth building. All too often, people put off doing those things necessary to improve their lives and continue living in the same old rut. Wealth building doesn’t simply apply to making money. While affluence can improve your circumstances, there is something to be said for improving yourself and not simply being wealthier than the next person.

After all, true wealth applies to the happiness and rewards often found in life through love, family, children, and experiences we share in those relationships. It is often these things that are the greatest rewards enhanced and enjoyed through our wealth.