Create Your Own Personal Finance Strategy So That You Never Have to Worry About Money Again

If you’re like me, when making a decision, you like to research and compare different methods before deciding which way to go. This has definitely been true for my wife and me as we’ve pursued our wealth journey. And once again, if you’re like me, what you’ve probably found is there are so many different perspectives on how to build wealth. It could be enough to drive you mad!

So who’s right? Believe it or not, I would go so far as to say that much of the financial information, strategies, etc. out there is good in it own way. Until discovering my own personal finance strategy, we tried a lot of different things before just narrowing it down to what has worked consistently for us. So I’m not one to say that there is one specific philosophy to follow. Heck, I even encourage you to contrast different “gurus” to see which one works best for you. Because you will find that you are able to pick and choose from different advisors and tailor it to your needs in order to reach financial freedom.

For example, there are some who mention not to take on debt when building wealth. Others say using other people’s money (debt) is vital to getting rich. So who’s right? Well, they both have valid arguments and they both are strategies to be incorporated (at the right time) on your wealth journey.

Take a look at Forbes list of the 400 richest Americans. You’ll find many of them are as different as night and day. Some are extremely aggressive. Some are extremely passive in what they did to build wealth. So who’s right? Obviously, both perspectives are good enough to make you wealthy!

As you learn more about the wealthy, don’t be surprised that they’re all different. But don’t let that deter you from applying what they do. Just continue to seek out the ideas that work best for you and keep following those methods on your journey to becoming rich.

Brandon Wilkins is a financial coach, educator and renegade business owner, co-founding Financial Freedom Builders LLC. Mr. Wilkins is also the author of the financial classic, Getting Rich is Simple…But It Ain’t Easy! He is available for coaching, workshops and seminars designed to help you take control of your finances.

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What Comes First – Finance Strategy or Business Strategy?

Everyone knows business strategy and finance strategy are interrelated. But which one should dictate?

If you are an entrepreneur, your future is your most valuable asset. Let’s face it- investors can only generate interest on their money. It takes an entrepreneur to generate profit! For an entrepreneur, business strategy must dictate finance – never the reverse. Everyone knows business strategy and finance strategy are interrelated. But which one should dictate?

The first place to start is to imagine the future you would want if you had unlimited resources.

When Wayne got turned down by the bank for the $1 million he needed to grow is business, he made an assumption that resources were scare and expensive. Wayne began to dwarf his vision of his company’s future. That’s what happens when you let finance strategy dictate business strategy. Wayne was not even aware of the assumption he had made or the devastating effect on his company- until I brought this to his attention. We worked with Wayne to re-vision his potential, assuming unlimited resources, built upon his deep and real passion and developed a strategy that resulted in him attracting $10mm for a minority stake of his company.

How did an entrepreneur who got turned down by the bank for $1 million get $10 million and keep control? Certainly not based on his past!! He shared his passion about the future he really wanted to build!

When you follow your passion you get the best outcomes: You easily attract customers, vendors, talent and finance. Pursuing your passion lets you capture your best opportunities- for profitable growth. Faster. Safer.

When you don’t follow your passion, you end up with a sub-optimal strategy. The result is extra risk making it much harder to attract customers, vendors, talent and especially financing.

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