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.