For many of us, wealth building is a path leading to financial independence and freedom, satisfying retirement and a chance to pursue different interests in life. Many experts talk about end goals, but there is not enough of focus on how to get there. The order of your financial moves is very important and missteps can prove to be costly mistakes. The game is often a trade off between the risk you are willing to take and the return on your investment. Therefore, protecting your current wealth should be a rolling primary concern.
Key Takeaways:
- Think of financial freedom as a pyramid in which the base is protecting yourself.
- As you move up the pyramid, you take on greater risk of ruin.
- You can come back from ruin, but the time you’ve lost is lost forever.
“They take a deep dive into practical applications, how they relate to The Wealth Pyramid, and why orders of operations matter while building wealth.”
Read more: https://cashflowtactics.com/2020/08/20/why-order-of-operations-matter-antifragile-revisited/
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