Based on my own conversations with wealthy individuals regarding the arrangement of their estates, I have gathered that the process of building wealth is best done when the strategy is put on semi-autopilot, and I am outlining that process below:
First, you create a bank account for your investments that is separate from your bank account that is used to meet daily expenses. Your primary bank account takes on the function of a working capital account. It is used to pay your utility bills, car payments, food purchases, mortgage, and the other needs and wants of life.
Second, you allocate a portion of your disposable income to get transferred from your primary working … Read the rest of this article!