Wealth Management System

A Wealth Management System is simply a way of organising your finances in order to make you money work for you.  At the same time you can still enjoy a high quality of life.

The Wealth Management System system is designed to keep your fulfillment factor high.  This keeps you motivated to generate more wealth. It’s based on maintaining separate accounts for each area in life that is important to you personally.

An example I’ve come up with follows like this:

• 60% of your income is for you to live off
• 10% is set aside for activities that inspire you
• 10% for education
• 10% will be an emergency savings account
• 10% would be put aside for investing in passive income vehicles

Your Life Account

60% of your income is for your life.  You pay the bills, get the groceries, live you life and cover all your expenses.  The is the everyday part of life that we all have to deal with.

Quality of Life Account or Fun Fund

These are the activities that inspire you. world travel, home decorating, starting a business, pursuing hobbies. You need to live some of your dreams now and enjoy life!

Self Investment Account

Self education is something that should continue for your entire life.  You can never stop learning. Any seminars you attend, courses you take or just books you read are an investment in your success. Every time you go out there and learn a new skill set your return on investment (ROI) in yourself appreciates exponentially.  You are your own best investment and you’re worth investing in.

The Cushion Account

Having a sense of comfort and security allows you to focus on growing your business and your personal success. You never know when life can throw a curve ball at you, so you need to be ready to deal with it.  Knowing that you can deal with it leaves you with confidence to take everything in your stride.

Growth Account

Invest your money and make it work for you.in passive income vehicles. Depending on what your risk-to-comfort-ratio is you may decide to invest in shares, companies or even get into real estate.  This Growth Account will ultimately provide you with the financial freedom you deserve.

Wealth Management System

If you can live comfortably on less than 60% of your income you can rearrange these percentages to suit yourself.  You may even have you own unique categories that are important to you.  The whole goal of a Wealth Management System is to make your money work for you and still enjoy a quality life.

If you can afford it and are so inclined  you could also open a Social Investment Account.  If you have a favourite cause or something you feel strongly about you can invest in that.  You can get immense gratification by contributing to something meaningful that gives you a purpose in you life.  Many entrepreneurs do this and at the same time end up networking with other like-minded entrepreneurs. Being involved with meaningful, larger causes will make you feel rich beyond belief.