Wealth Pillar Four: Protect yourself from losses

You need to be able to protect the wealth you establish from loss. There are many ways you can lose wealth that is starting to build including:
  • Spending it before you can live off the interest.
  • Investing in areas in which you have no knowledge, leading to bad decisions.
  • Not having the correct investment structures to protect your assets from lawsuits and other threats.
  • Not having any required or viable insurance.
Wealth Pillar four is to protect your investments from losses. The best way to do this is to seek professional advice from a solicitor and an accountant, as well as having a mentor to guide you through the process.

What are you risking by not protecting yourself? 

Do the costs outweigh the benefits? 

Seek professional advice and act in a way that will benefit you and your investing growth.

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