Remember Me
forgot your password?

An Easy and Inexpensive Method to Build your Wealth Team

Do you like to do everything yourself and feel no one can do it better than you? That's the called the lone wolf syndrome and when you're trying to accelerate your wealth, it's not an efficient model.

How do you stop being a lone wolf? Tap into your current family and friends experiences, expertise's, or networks. Take out a piece of paper and make a table with 4 columns.

The first column heading is "Wealth Building Activity". What do you want to accomplish this year? Write down 3-6 wealth building activities. These can include items that you already have in process, are incomplete, or haven't been started yet. For example, you can list "Develop a lead generation process", "Buy a duplex rental property", "Invest in the stock market", "Outline tax strategies for my business", or "Put together my personal financial statements (balance sheet, cash flow statement, income statement)".

The second column is entitled, "Who Can Help?" List people you ALREADY know who have skills to help you start or complete the wealth building activities. These people already know you and are very willing to give advice. In some cases, these people may not be able to help you directly but they may be great sources for referrals to others who can help you achieve your goals and accelerate your wealth. Examples of people you already know can be your family (Mom, Dad, sisters, brother-in-law), friends (college, parents of your children's friends, health club), neighbors or people from work. Go through your address book for additional people who can help.

The heading for the third column is "Ask or Call? When?" Determine ahead of time if you will be requesting a face-to-face meeting or requesting for help via a phone call or email. To hold yourself accountable, identify the date when you will call or meet with the person. It is critical that you follow through on making contact with the people you've identified to help you out.

The heading of the last column is, "When Can We Start?" Assume your family and friends say "yes" to your request for help. You need to find a time for both parties to meet and review the items with which you need the most help.

When meeting with these people, make sure you are prepared ahead of time to discuss your goals and desires. Be direct and honest and ask these people for suggestions or advice on how they can help you achieve your goals. Ask them, "What they would do to accomplish the wealth building task?" Take notes, ask questions and discuss what your actions will be to move you closer to achieving your wealth building activities. In your discussions, make sure you are clear about the next steps. Are you confident you know the next action step? If not, then continue to ask questions until you are confident and have clear direction. This also is a perfect opportunity to ask your family or friend if you can request additional information or help from them in the future.

You will be amazed at how quickly you can begin to build wealth once you lose the lone wolf syndrome. Tap into resources you already have and build your wealth team. You will achieve your wealth building goals faster, more efficiently, and with more confidence once you have people around you who support you and your goals.

Sharon Marsh

Sharon Marsh, Ph.D., entrepreneur and experienced wealth coach, is the founder and owner of Professional Wealth Solutions, LLC. Go now to http://www.buildwealthmakemoney.com for Free Wealth Building and Money Making tips. Ready. Set. Energize your wealth program.

Rate this Article: 0 / 5 stars - 0 vote(s)
Print Email Re-Publish

Add new Comment



Captcha

  • Latest Finance Articles
  • More from Sharon Marsh

Commodity Forex Online Trading Secrets

By: James Roshwood | 11/12/2009
What is commodity forex online trading? To a new forex trader, the idea of trading commodities and trading currencies at the same time is confusing. Surely currency is the thing that we are trading? What do commodities have to do with it?

The Roles of a Debt Settlement Letter

By: Jeslyn Jessy | 11/12/2009
A debt settlement letter is considered as a formal proposal written by a debtor to his or her creditor with the main intention of reducing the total debt due to financial hardship. There is no big cost involved for writing a settlement letter. It is almost free of charge except the cost for registered mail. This letter works best for most of the people because they can avoid begging their creditors for assistance due to their egoism.

Knowing the Content of Debt Settlement Letter

By: Jeslyn Jessy | 11/12/2009
Writing a settlement letter needs some specific techniques. No matter how good your writing skill is, you are required to pay more attention on the content of the letter. Getting the points right is more important in ensuring the success of the debt reduction. The content must be precise but simple. In general, creditors are not interested to read long letters. Here are some important tips you need know when putting your ideas into written form.

Are You Qualified to Write a Debt Settlement Letter?

By: Jeslyn Jessy | 11/12/2009
Since global economy crisis last year, many people's personal finances have been badly affected. This situation in fact has encouraged more and more people in debt to choose debt settlement plan as their way out. However, not everyone is qualified to write a settlement letter to his or her creditors to reduce the total outstanding balances.

Writing a Debt Settlement Letter to Creditors - The Dos and Don'ts

By: Jeslyn Jessy | 11/12/2009
The key determinant of the success of debt negotiation depends very much on the content of the debt settlement letter. In order to be debt free, there are some important tips you must follow: Let's see what the dos are:

3 Steps to Produce Effective Debt Settlement Letter

By: Jeslyn Jessy | 11/12/2009
Do you know that an effective debt settlement letter can be used as an important tool to reduce a person's outstanding balance and dig him or her out from deep debt? Negotiating debt with creditor through letter is in fact much economical and effective compared with hiring a lawyer to manage your debt.

5 Important Points Which You Must Not Include in Your Debt Settlement Letter

By: Jeslyn Jessy | 11/12/2009
Writing a legal binding debt settlement letter is not an easy task as it contains certain legal effect which may lead to financial obligations. Hence, before submitting the letter to your creditor, you are required to make sure that you have double checked the details of your latest credit report which is provided by one of the major credit reporting agencies.

5 Important Points Which You Must Not Include in Your Debt Settlement Letter

By: Jeslyn Jessy | 11/12/2009
Writing a legal binding debt settlement letter is not an easy task as it contains certain legal effect which may lead to financial obligations. Hence, before submitting the letter to your creditor, you are required to make sure that you have double checked the details of your latest credit report which is provided by one of the major credit reporting agencies.

A Powerful Tip to Focusing and Achieving your Daily and Long Term Goals

By: Sharon Marsh | 15/09/2007 | Self Improvement
Do your pressures, responsibilities, and challenges in your life sap you of your focus and derails your progress toward your goals? How do you clear this haze so you can focus on your goals? One of the most effective ways is through writing morning pages. Writing morning pages is an incredibly powerful technique to focus on your short and long term goals and to make significant progress toward recognizing and achieving your goals.

An Easy and Inexpensive Method to Build your Wealth Team

By: Sharon Marsh | 01/09/2007 | Finance
Are you a lone wolf? It means trying to do everything yourself. This is very ambitious and not an efficient way to accelerate your wealth. This article gives you a step-by-step process on how to stop doing everything yourself and to tap into others experiences, expertise

Successful Money Making Mindset - Step Into the Barrier Zone

By: Sharon Marsh | 16/08/2007 | Business
Stepping out of your comfort zone is not enough to have a significant impact on your wealth. You need to step into the barrier zone to make money and increase your wealth. The Barrier Zone is where you put all the things that are BOTH uncomfortable to you AND that hold you back. This article gives you a step-by-step process on how to identify and ovecome what is in your Barrier Zone.

Discover the Gratitude Process for Increasing Cash Flow

By: Sharon Marsh | 16/08/2007 | Business
In addition to business plans and business systems, the mind set of the business owner is critical in achieving business success and increasing ones cash flow. Following with the Law of Attraction, the first place a business owner can start is the gratitude process.

Submit Your Articles Free: Signup
Article Categories




Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (3.15, 6, w2)