e-brochure

THE

STEPS

FOR WOMEN TO ACHIEVE

REAL WEALTH

BY DR. FELECIA FROE

Narwhal Investment Group LLC info@narwhalinvestmentgroup.com

74 W Atento Lane Tracy, CA 95391 Phone: 469-431-1517

their careers, control of their health and control of their lives. But what about taking control of their wealth?

Being financially prepared enables women to not only be in control of their independence, but of their future.

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Women are taking control. Control of

STEPS TO FINANCIAL SUCCESS

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Only those who have a strong reason to accumulate wealth, will find the time to do so.

We are often so busy in our day to day lives, that thinking about our future is usually not at the top of the list. It’s more of a passing thought that comes up when critical elements that can affect our future, are at stake. For example, when an elderly

parent needs to either have a necessary surgery or consider different living arrangements in a care facility.

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KNOW WHY CREATING WEALTH IS VITAL TO YOU.

It’s at that time that one takes a measure of their future. If the need to accumulate wealth is strong enough, a change will be made. If it’s not enough, we will wait until the next critical situation arises.

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ACKNOWLEDGEMENT.

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In order to begin planning your financial future, you must acknowledge the following three things:

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Where you currently are;

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Where you would like to go; and

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When you would like to get there.

--Lewis Carroll Every journey must have a starting point.

Sometimes that starting point is triggered by an event, such as a spouse losing their job or a child requiring a costly medical treatment. Sometimes that starting point is the result of a strong desire for early retirement, to live in an affluent neighborhood, or to send your child to a private school.

For whatever reason, the most important thing is to create a plan and get started. Seek the advice of a professional to help you figure out what your options are. Realize that you do not have to stay where you currently are financially. Slow, methodical steps can be taken to move yourself into more comfortable, financial waters. Initially, the process can be a bit daunting, but the benefits outweigh the costs.

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“If you don’t know where you are going, any road will get you there.”

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According to Robert Kiyosaki, “The rich don’t work for money.” Well, then what to they work for? They work for assets!

What is an asset? An asset is anything that puts money in your purse. The opposite of an asset is a liability or anything that takes money out of your purse. To keep it simple:

Asset = Cash Flowing In Liability = Cash Flowing Out

Is the house that you own and live in an asset or a liability? We are taught that it is an asset, but by our own definition, it is not until you sell it, and even then, it may not be an asset.

Think back to our most recent economic crash. What if you had to sell your house at that time? You would have likely lost money, definitely making the largest purchase of your life something that is taking money from you.

Now let’s say you owned a house that you were renting to someone.

Their rent payments were covering the mortgage and expenses for the home AND you had money left over to put in your purse.

This house is an asset!

Make sense? Now let’s say your tenant moves out and now you have to cover the mortgage and expenses. Now the same house is suddenly a liability.

Now, what about my car?

Simply, it is a liability; maintenance, gas, insurance and licensing all take money from you. However, it could make you money, all depending on how you use your car.

In a nutshell, to generate wealth, you must switch from being a consumer to being an owner by investing your money. The main reason to make money is to buy assets. Assets with positive cash flow can then support your daily life.

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DISCOVER THE DIFFERENCE BETWEEN AN ASSET AND A LIABILITY.

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Cash flow is money moving. Money is always moving, either to you or away from you. It’s not worth much while it is just sitting. Remember, cash or currency is just a medium of exchange. It is only worth what it can buy. We are currently taught that you have to save enough money to retire. So, through your job, you have your 401K, IRA or some other such vehicle.

You give a certain amount of your money to someone you don’t know and expect them to make it grow for you.

In other words, would you give a suitcase of cash to a stranger and ask them to take it to the bank for you? I wouldn’t, and I can guess most of you are at least shaking your head no and thinking, of course I wouldn’t do that. But this is what you are doing if you contribute to your IRA or 401k and have no idea who is managing it.

What if you just put your cash into a savings account at the bank? That’s safe, isn't it? It will be there when you need it, right? Those are complicated questions.

The more you learn about options available to you, the more you will be able to answer those questions for yourself. For now, know that money sitting in a bank is losing value.

Do you know their name or anything about them? Do they know you… who you are and what you are trying to do? Of course not. Up till now, you probably didn’t know what you were trying to do with your money other than to save it so you could retire.

Think about what a dollar can buy today compared to what it could buy 10 or 20 years ago. Groceries are still groceries. Everything gets to the store the same way; it just costs more for it to happen. That penny or 5 cents gum is the same; it just requires more to make

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KNOW THE DIFFERENCE BETWEEN CASH FLOW AND SAVINGS.

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I am saying all of this, so you realize “saving” money is a losing proposition. The money you save today will be worth less tomorrow.

It will not have the same purchasing power. Yes, it would be best if you had some for emergencies, but don’t count on it being there to support you through retirement.

If, on the other hand, you have accumulated positive, cash flowing assets, you will have money flowing to

you. Your money is moving, and you own the asset moving the money to your purse. If you do not have to go to work every day to keep the asset performing, you have passive income.

Passive income is the cash coming to your bank account, even when you have taken more vacation days than your job allows.

Or, if you have enough passive income to meet your expenses, it’s the cash that comes in while you are sleeping, volunteering at your kids' school, or taking a vacation with your significant other. You worked for the money to buy the asset, and now the asset is working for you.

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it, deliver it, and stock it. It takes more dollars to do the exact same thing because the value of a dollar has decreased.

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Whenever we think of highly successful people, most of us do not think about those who helped them get to where they are. I promise you the most successful people

did not get there alone.

On the surface, we tend to think successful people accomplish everything on their own because we usually aren’t privy to everything that has gone on behind the scenes.

You will need a team to help you accomplish your financial goals. In the game of real estate investing, you will need at least an accountant, an attorney and a friend. You know what the accountant and the attorney do, and the friend is there to make sure you are using your accountant and attorney, and not trying to do everything yourself.

Other team members you may have are a real estate broker, a realtor, a

mortgage broker or banker, and possibly a partner. You may, of course, have more than one of some of these.

As you build your team, you want to be sure to discuss with them what you are trying to achieve. If you are the only one who knows the goal, your team may or may not get you there.

Engage team members that can communicate things to you in a way that you understand and answer any questions that you may have.

Never be afraid to change team members. If a member is not able to fulfill their role, get rid of them and get someone who can.

A team must be able to function as a cohesive unit with each person doing their part.

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BUILD A TEAM.

None of us can achieve as much alone as we can with some help. I know as women we tend to toss all the balls into the air at once and juggle as if our lives depended on it. Often our lives and others lives do depend on us keeping all those balls in the air.

We worry about stopping to explain to someone else what needs to be done, because it takes too long and we can get it done faster if we do it ourselves.

I know, I’ve been there. It’s not much fun, and it is very tiring and stressful.

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We often hear "money can't buy you happiness, but, neither can a lack of it.

Money, in and of itself, does not make you feel good. It is usually the things that we use the money for that contribute to our happiness.

Some buy things to fulfill wants and desires, while others may use money to purchase things they need and to help others in need.

It’s a tool, and it will help you get wherever you want to go. You get to decide. If you do not pay attention to it though, someone else will.

Then it will be theirs.

--Ayn Rand Who would take your money? Let’s start with the government and taxes.

If you are not paying attention, the majority of your money will go to the government. When you pay attention and educate yourself about money, you have greater control. You get to use your tool the way that you want. You will become the master craftsman of your financial destiny.

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MIND YOUR MONEY.

“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver”

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“It’s not the absence of fear, it’s overcoming it. Sometimes you’ve got to blast through and have faith.”

--Emma Watson

What happens to us as we get older? Why do we become so afraid to fail?

As we get older, it seems we take fewer and fewer chances. Failure can be painful. So painful, that often we don’t even try.

The majority of us work to avoid the psychological

mistake again. They pick us up and dust us off.

distress of failure, and essentially, it’s all in our head! This is where a team comes in to play. They help us understand what has happened and help us avoid making the same

make mistakes. When you go outside of your comfort zone, where all the growth and good stuff happens, there will be pain. Know it is worth it if you are working to achieve your “why.”

The key is to get back in the game. You will definitely make mistakes. You are taking on a new adventure.

Even if you are already an investor, when you try something new, you will

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LEARN FROM YOUR MISTAKES.

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74 W Atento Lane Tracy, CA 95391 Phone: 469-431-1517 info@narwhalinvestmentgroup.com

Nar wh al Inves tme nt G r o up LLC

Narwhal Investment Group LLC