Try this: Rub your hands together.
What happens? Heat, right? Heat is created by friction. OK if you want to warm yourself.
However, friction in engines “steals” energy. And it causes engines to wear out sooner.
Money friction steals dollars unnecessarily.
And causes your capital to wear out sooner.
Your wealth engine is the engine that “powers” your lifestyle during retirement and your legacy after your death.
I’m guessing you can’t afford friction in your wealth engine! No one wants to lose hard-earned dollars unnecessarily.
I use the acronym TRICK to remember where money friction comes from.
There are five major areas that cause friction in a wealth engine—Taxes, Risk, Investment Mix, Costs, and, Knowledge Gaps.
Any one of them could be a killer for your wealth engine.
And it’s not just about removing the friction. That’s step 1.
Step 2 is tuning your wealth engine for maximum efficiency.
The longer you wait the more you lose.
Are you ready to test your wealth engine? We are here to help…