{"id":11445,"date":"2021-04-06T07:00:47","date_gmt":"2021-04-06T12:00:47","guid":{"rendered":"https:\/\/henekawatkisporter.com\/?p=11445"},"modified":"2024-08-17T06:47:27","modified_gmt":"2024-08-17T11:47:27","slug":"winning-wealth-creation-strategies-the-4-components-of-the-ideal-financial-plan","status":"publish","type":"post","link":"https:\/\/henekawatkisporter.com\/winning-wealth-creation-strategies-the-4-components-of-the-ideal-financial-plan\/","title":{"rendered":"Winning Wealth Creation Strategies: The 4 Components of the Ideal Financial Plan"},"content":{"rendered":"\n<iframe frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm\/?e=MPNL5834286565\" width=\"100%\"><\/iframe>\n\n\n\n\n<p><span style=\"font-weight: 400;\">There are several benefits to having a solid financial plan for your business, namely, it reinforces clear goals, allows for sensible cash flow management, smart budget allocation, necessary cost reduction, risk mitigation and provides a growth roadmap.\u00a0<\/span><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In this episode, we are joined by Curtis May to discuss some winning wealth creation strategies and discuss four components of the ideal financial plan!<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Here are three reasons why you should listen to the full episode:&nbsp;<\/span><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Learn effective financial management strategies.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Learn how you can have financial freedom.\u00a0<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Discover a financial plan that works under all circumstances!<\/span><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><b>Resources<\/b><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Free report on How To Create Wealth Using The Velocity Of Money. Text \u201cpwealth\u201d to 55444.\u00a0<\/span><\/li>\n<\/ol>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><b>Episode Highlights<\/b><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><b>Who Is Curtis May?&nbsp;<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Curtis shares that he has been in business for 35 years. Passionate about his clients and helping them save money and be able to live their best life. He also shares that he is a third-generation business owner. At the age of 7, his father gave him business advice- \u201cYou\u2019ll never make any money working for someone else\u201d.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><b>Four Main Objectives For Financial Management<\/b><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><b>Build Maximum Wealth-<\/b><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Most people believe the key to investing is finding better rates &#8211; you will need to take on more risks.\u00a0<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">You will first need to create maximum efficiency with your money.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Grade yourself from 1-10 how you deal with cash flow, in your personal life and your business. Track your inflow and your outflow.<\/span><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><b>Wealth Transfers-&nbsp;<\/b><\/h3>\n\n\n\n<p><span style=\"font-weight: 400;\">Here are some questions you need to consider:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">How is your mortgage paid?<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">How do you find retirement plans?<\/span><\/li>\n<\/ul>\n\n\n\n<p><span style=\"font-weight: 400;\">&nbsp;Retirement plans defer taxes, more accurately they postpone the tax calculation.<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">\u00a0Ask yourself the question, \u201cDo I think that in the future will my taxes be higher, lower, or the same?\u201d<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">How do you pay for major capital purposes(anything you can\u2019t pay for in full with monthly cash flow)?\u00a0<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">How will you fund college tuition?<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">You will need liquidity- looking for mass marketing things<\/span><\/li>\n<\/ul>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><b>Create A System That Will Transfer The Wealth That You Created<\/b><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">We want people to create legacies for generations to come.\u00a0<\/span><\/li>\n<\/ul>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><b>Have A Plan That Works Under All Circumstances<\/b><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">You have to diversify your way of making money and value the market space.\u00a0<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">You need to play defence &#8211; review your insurance, for example, life insurance.\u00a0<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">As you&#8217;re working and saving, what is your ultimate goal?<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">The key is to focus on buying assets that you can control.\u00a0<\/span><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><b>Five Key Areas In Financial Management<\/b><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">Save 15% of your gross income<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Maximum Protection<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Legacy<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Establish Goals<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">The Velocity Method &#8211; buying assets that generate investment incomes<\/span><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><b>3 Powerful Quotes from This Episode<\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">\u201cYou have to be able to pivot, and learn how to serve people\u201d<\/span><\/p>\n\n\n<p>[bctt tweet=&#8221;\u201cUntil you double your time off, you will not double your income\u201d&#8221; username=&#8221;theentrepyou&#8221;]<\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">\u201cMoney follows value\u201d<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><b>About Curtis May<\/b><\/h2>\n\n\n\n<p><b>Curtis <\/b><span style=\"font-weight: 400;\">is the host of The Practical Wealth Show Podcast and the creator and owner of Practical Wealth Advisors. Curtis has been planning for individuals for more than 35 years, and he is passionate about helping his clients save money and live the very best life they can right now. The primary focus of his financial planning firm is to help individuals and families become financially free by following the principles of wealth creation that have endured for centuries around the world.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Curious about Curtis\u2019 work? Check out his <\/span><a href=\"http:\/\/practicalwealthadvisors.com\/\"><span style=\"font-weight: 400;\">website<\/span><\/a><span style=\"font-weight: 400;\">. You can learn more by listening to his podcast on <\/span><a href=\"https:\/\/practicalwealth.libsyn.com\/\"><span style=\"font-weight: 400;\">The Practical Wealth Show<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Have specific questions? You can reach out and follow Curtis on <\/span><a href=\"https:\/\/www.linkedin.com\/in\/curtismay\/\"><span style=\"font-weight: 400;\">LinkedIn<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Enjoy this Podcast?<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">It is good to always have a financial plan for your business. If you enjoyed today&#8217;s episode of The Entrepreneurial You, hit subscribe and share it with your friends!<\/span><\/p>\n\n\n\n<p><b>Post a review and share it!<\/b><span style=\"font-weight: 400;\"> If you enjoyed tuning into this podcast, then do not hesitate to write a review or rating on Apple Podcasts. You can also share this with your family and friends, and business owners so that they too can be on a path to financial freedom.<\/span><\/p>\n\n\n\n<p><b>Have any questions?<\/b><span style=\"font-weight: 400;\"> You can contact me through email (<\/span><span style=\"font-weight: 400;\">henekawatkisporter@gmail.com<\/span><span style=\"font-weight: 400;\">) or find me on<\/span> <a href=\"https:\/\/www.facebook.com\/henekawatkisporter\/\"><span style=\"font-weight: 400;\">Facebook<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/twitter.com\/TheEntrepYou\"><span style=\"font-weight: 400;\">Twitter<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.instagram.com\/heneka_watkis_porter\/\"><span style=\"font-weight: 400;\">Instagram<\/span><\/a><span style=\"font-weight: 400;\">, and <\/span><a href=\"https:\/\/www.linkedin.com\/in\/henekawatkisporter\/\"><span style=\"font-weight: 400;\">LinkedIn<\/span><\/a><span style=\"font-weight: 400;\">. Thanks for listening!<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">For more updates and episodes, visit my<\/span> <a href=\"https:\/\/henekawatkisporter.com\/\"><span style=\"font-weight: 400;\">website<\/span><\/a><span style=\"font-weight: 400;\">. You may also tune in on<\/span> <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-entrepreneurial-you\/id1219606421\"><span style=\"font-weight: 400;\">Apple Podcasts<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly9oZW5la2F3YXRraXNwb3J0ZXIuY29tL2luZGV4LnBocC9mZWVkL3BvZGNhc3QvP2xhbmc9aHk?sa=X&amp;ved=0CAMQ4aUDahcKEwjA8JXI8tbtAhUAAAAAHQAAAAAQAg\"><span style=\"font-weight: 400;\">Google Podcasts<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.stitcher.com\/show\/the-entrepreneurial-you\"><span style=\"font-weight: 400;\">Stitcher<\/span><\/a><span style=\"font-weight: 400;\">, and <\/span><a href=\"https:\/\/open.spotify.com\/show\/49cGqY7I7hxhjrJo7ui636\"><span style=\"font-weight: 400;\">Spotify<\/span><\/a><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Stay inspired,<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Heneka<\/span><\/p>\n\n\n\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are several benefits to having a solid financial plan for your business, namely, it reinforces clear goals, allows for sensible cash flow management, smart budget allocation, necessary cost reduction, risk mitigation and provides a growth roadmap.\u00a0 &nbsp; In this episode, we are joined by Curtis May to discuss some winning wealth creation strategies and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[680,681,682],"class_list":["post-11445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcast","tag-entrepreneur-podcasts-2021","tag-financial-plan","tag-online-business-podcast"],"_links":{"self":[{"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/posts\/11445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/comments?post=11445"}],"version-history":[{"count":0,"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/posts\/11445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/media\/11438"}],"wp:attachment":[{"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/media?parent=11445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/categories?post=11445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/henekawatkisporter.com\/wp-json\/wp\/v2\/tags?post=11445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}