What happens when you rub your hands together? Heat, right? Heat is created by friction. Helpful if want to warm up on a cold day.
When it comes to engines and motors, friction actually “steals” energy. As friction increases, an engine’s performance falls, and is likely to wear out faster.
So, how does this relate to you? Well, everyone has a wealth engine. It “powers” your lifestyle now, during retirement, and your financial legacy after your death.
Monetary friction steals dollars from your engine unnecessarily, causing your capital to wear out sooner.
I’m guessing you can’t afford friction in your wealth engine! No one wants to lose hard-earned dollars, especially dollars that will support your retirement.
There are five major areas that cause friction in a wealth engine. We use the acronym TRICK to remember where monetary friction comes from:
Taxes
Risk
Investment Mix
Costs
Knowledge Gaps.
Any one of them could be a drag on your wealth engine.
We’re not just interested in removing friction. That’s only Step 1.
Step 2 is actively tuning your wealth engine for maximum efficiency.
The longer you wait, the more you lose. If not this year, you’ll be one year older when you do.
Are you ready to test your wealth engine? We are here to help! Get started with our free report today!
