The activity: Begin your trek.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Easy
This trek focuses on using net worth to provide income to enjoy life and give back to others.
This trek has activities to:
protect your income and assets
reduce your debt
improve income and expenses
enjoy life for
Continue reading Enrichment and Fulfillment: Begin Your Trek to Protect Income and Assets, Reduce Debt, Improve Income and Expenses, Enjoy Life and Give Back
The activity: Ensure that you have adequate health care insurance.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Easy to Moderate
Few topics are as important, or controversial, as the topic of health care insurance.
For some, health care insurance is a non-issue – their
Continue reading Enrichment and Fulfillment: Protect: Health Care Insurance
The activity: If you need it, have adequate life insurance.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Easy to Moderate
You may not need insurance. If you have no dependents or spouse and don’t need an estate for any heirs then you probably
Continue reading Enrichment and Fulfillment: Protect: Life Insurance
The activity: Insure your property.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Easy to Moderate
If you own your home you need home insurance. If you rent your home you should have renter’s insurance.
When you purchase your renter’s or homeowner’s insurance, it is important
Continue reading Enrichment and Fulfillment: Protect: Property Insurance
The activity: Make a will to have a say on how you will give your assets to others when you die.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Moderate
A will is going to be how you tell people how you want your assets
Continue reading Enrichment and Fulfillment: Protect: Make a Will
The activity: Get a free credit report.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Easy to Moderate
You can easily get a free credit report that will be a valuable tool to help you manage your debt. This free credit report will give
Continue reading Enrichment and Fulfillment: Control Debt: Get a Free Credit Report
The activity: Control your short-term debt (credit card, bank loan, student loan, car loan).
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Easy to Moderate
Your debt affects your cash flow and net worth.
Your debt payments affect your cash flow and the amount of
Continue reading Enrichment and Fulfillment: Control Debt: Short-Term Debt
The activity: Reduce your credit card debt by having a debt reduction plan.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Moderate
Why lower your credit card debt?
Lowering your credit card debt and eliminating it completely, will:
improve your credit score
increase your net worth
improve your
Continue reading Enrichment and Fulfillment: Control Debt: Reduce Credit Card Debt
The activity: Have a plan to reduce and control debt.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Moderate
Debt is a valuable financial tool that requires much of us and our circumstances. If debt gets out of control we need to take back
Continue reading Enrichment and Fulfillment: Control Debt: Debt Reduction Plan
The activity: Improve your credit score.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Moderate
Why a Good Credit Score is Important
Your credit score can affect you in many ways:
Mortgage Modification Lenders use your credit score when they decide whether or not to agree
Continue reading Enrichment and Fulfillment: Control Debt: Improve Your Credit Score
The activity: Reduce your credit card interest rate.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Moderate
When we’re working hard to reduce and eliminate debt it might seem to be an uphill battle. At times like these we need all of the help
Continue reading Enrichment and Fulfillment: Control Debt: Reduce Credit Card Interest Rate
The activity: Have an emergency cash fund to protect your cash flow during difficult financial times.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Easy to moderate
An emergency cash fund is intended to help you through difficult financial times, such as a job
Continue reading Enrichment and Fulfillment: Protect Income and Assets: Have an Emergency Cash Fund
The activity: Buy long-term care insurance to protect net worth.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Moderate
It’s not going to do you much good to build up your wealth if you let it slip through your fingers. Any number of catastrophes
Continue reading Enrichment and Fulfillment: Protect: Long-Term Care Insurance
The activity: Consider purchasing umbrella insurance.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Moderate
An umbrella policy is an extra layer of insurance that can pay for medical, court or other expenses you may need to pay after basic home and car insurance
Continue reading Enrichment and Fulfillment: Protect Income and Assets: Umbrella Insurance
Your prosperity trek has a destination. By discovering your destination you lay the foundation for establishing your financial goals.
Identifying financial goals, along with knowing your risk tolerance and time horizon, will help you to determine your investment asset allocation.
Financial Planning and Goals
A key element of the prosperity trek is having a defined destination.
Having a clear
Continue reading Trek IV Prosperity: Set Financial Goals
This step on your prosperity trek…
This is an action step for families that are planning to retire.
This step will improve cash flow and preserve net worth by estimating your retirement expenses.
Difficulty rating: Moderate
The starting point for building a lifetime retirement income plan is to anticipate your retirement expenses and determine which are essential.
The task of
Continue reading Trek IV: Enrichment and Fulfillment: Enjoyment: Retirement: Define Your Income Plan
This step on your prosperity trek…
This is an action step for families that are planning to retire.
This step will improve cash flow and preserve net worth by estimating of what you can expect to receive from Social Security.
Steps you should complete before beginning this step: Retirement Income Plan
Difficulty rating: Moderate
Before You Get Started
In the previous
Continue reading Trek IV: Enrichment and Fulfillment: Enjoyment: Retirement: Social Security
This step on your prosperity trek…
This is an action step for families that are planning to retire.
This step will improve cash flow and preserve net worth by estimating your retirement income that needs to be funded from personal savings.
Steps you should complete before beginning this step: Retirement Income Plan, Social Security, Pension and Other Income
Difficulty
Continue reading Trek IV: Enrichment and Fulfillment: Enjoyment: Retirement: Funding from Personal Savings
