In this lesson, we experiment with the boundaries of the three-part framework you learned in the last lesson to understand what’s possible.
Key Points & Action Plan
Key Points:
You’ll learn:
- That conventional retirement planning is just a subset of the much bigger wealth planning picture
- How your future wealth is the compound growth of your three primary assets
- Why you must carefully manage your three resources (personal and financial capital, and time)
- Why compounding financial capital is a half-truth of the conventional plan
- How the crawl, walk, and run stages relate to your wealth plan
- How to put the rule of threes on steroids
- Why the underlying assumption of wealth creation in traditional planning is flawed
- That earned income is not the same as cash flow producing equity
- How the advanced planning framework allows you to skip the translation stage
- How the growth of assets change throughout each stage of wealth building
- Why procrastination is the death of wealth building in the crawl and walk stage
Action Plan:
Become clear on what the limitations to traditional retirement planning are, and how the advanced framework opens up other possibilities for you to achieve wealth quicker.
Resources
Office Hours Recording: Download / Listen Here (.mp3)
Additional Reading: How Anyone Can Retire In 10 Years (Or Less!) – HTML Article | (Directly Download PDF)