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Within the Foundations to Wealth Building, there are 3 Levels. To
identify which level you are most closely identified with, use the
guidelines below.
Basic:
Little to no financial planning. Struggling with debt. New to
entrepreneurship. As a Basic Millionaire-in-Training, you are
identified by some or all of these characteristics:
·
You are in debt and don’t have a
plan to get out.
You have no passive income.
You don’t own a home.
You are living paycheck to
paycheck.
You don’t know much about
investing in the stock market.
You are thinking of starting a
business but have never done so before.
Intermediate:
Making sound financial
decisions. Working a financial plan. Building a business. As an
Intermediate Millionaire-in-Training, you are identified by some or
all of these characteristics:
·
You own a home but have not
really started acquiring investment properties.
You know what date you will be
out of debt.
You have begun to invest in
the stock market, primarily through mutual funds.
You have started one or more
businesses but are not yet drawing significant
income from them.
Advanced:
Savvy Investor. At or close
to financial freedom. Established business-owner. As an advanced
Millionaire-in-Training, you are identified by some or all of these
characteristics:
·
You have a diversified investment
portfolio which includes real estate,
stocks/bonds and mutual funds.
You have significant passive
income and work at your job primarily because
you want to.
You own one or more successful
businesses and are focused on expanding
them.
You have or are in the process
of building a financial team that consists of a
financial advisor, accountant, lawyer and
other financial professionals as you
need them. |
