Most of my blog posts and podcasts are about having a plan with your money and then getting out of debt. I do this mostly because a large majority of Americans are in debt and do not have a plan with their money. But I am not only about getting out of debt; I am also all about you buying the things you want and building wealth. But before you build wealth you need to first ask yourself what are you building it for.
Building wealth has a negative connotation in our culture today. To some it means that you are greedy and that you hoard all your money and oppress people. While some people are hoarders with their money and take saving money too far, that is by far the minority of most wealthy people and it does not have to be you. Remember money is amoral and can be used to do good in the world and create change.
So what are you building wealth for? Is it to change how your family lives for generations upon generations? Is it to change your local community for the better? Or is it to change the world? So don’t be afraid to build wealth. My main selling point when I work with clients is not to do these steps to become a millionaire. But if you do get out of debt, save money, have a long term view and plan with your money you will become very wealthy over time! But you must first know what you will do with that wealth before you get it.
So what are you planning on doing with your wealth?