Chapter 2: How To Build Your Wealth Perfectly
Introduction
Welcome to Chapter 2 of Money Moves: How To Build Your Wealth Perfectly. The Money Moves Series is designed to be actionable with bite-sized knowledge to improve your financial well-being! Let’s explore 1 big picture concept that can be used to build your wealth perfectly.
The Hierarchy of Wealth
Did you know? There is a hierarchy to building your wealth perfectly. Following this hierarchy ensures that wealth is built in a consistent and effective way. Just like building a pyramid, building wealth needs to be done with a strong base, establishing the foundation for proper financial planning. Let’s find out more about this concept!
There are 3 main categories in this hierarchy concept:
- Wealth Protection
- Wealth Accumulation
- Wealth Distribution
In other words, wealth protection should be done first, followed by wealth accumulation and lastly, wealth distribution.
Wealth Protection
Are you financially stable enough to start protecting your wealth? To protect your wealth, you must first have an income that can keep up with your expenses for basic survival needs. This means that you need to be able…
