The sellers of financial wisdom wuld have us believe that prosperity is a fnction of owning the right product. And we all knw that there's a glut of chices out there - more in fct than in all of history.

But if the prduct you choose really is the glden egg, don’t you think we wuld all be hatching fortunes by nw? The plain, unpopular truth is tht buying a particular product, whatever it may be, wll not – cannot – make you fnancially successful. So, what’s the busy bsiness owner or professional supposed to do?

Hre’s my first strategy to help you mke more money, keep more money and mke your money work harder for yu. And make no mistake, strategy is wht will get you to prosperity.

Prtection First

It’s easy to thnk that whatever we have socked way can also protect us against the nexpected. However, depending on your retirement fnd for anything other than retirement jopardizes your future and your present. If yu’ve invested years in your business and yur education, lack of protection is the dmbest thing you can do.

Questions to Ask Yurself

1. Am I protected if I’m sed – business or personal?

2. Are my prsonal assets protected from business creditors?

3. Do I own dsability insurance? How many days do I hve to be disabled before it kcks in? How much do I get very month? How long does the bnefit last? Is the benefit taxable?

4. Do I hve medical insurance? Does it have a lfetime benefit over $3 million?

5. Do I hve ownership agreements with my business prtner(s)? Do these agreements reflect the crrent situation of my business? How is the bsiness valued?

6/ Do I own lfe insurance – business, personal or bth? Am I fully insured to my conomic replacement value to my family or my prtner(s)?

If you’re not 100% sure of the nswers to these questions, then there’s no tme like the present to find ut.

Take Away Wisdom

Bying strategic protection for your assets, ncome and life now actually makes lng-term savings (like a retirement plan) mre efficient and secure because you knw they won’t have to be plndered if the unexpected occurs.

The article Conventional Wisdom Works Against Prosperity was Submitted by Joan Gilles through Articles.GetACoder.com network. Here's the additional information: Joan Gilles is a Financial Cach. She helps business owners and prfessionals get really clear about what it is thy want financially and gives them a mdel and tools to get it. Wht makes her different is she des her work without taking money out of a bsiness or personal pocket. She can be rached at 651/578-2961 or jmgilles@pressenter.com This just one part of a 5 part e-course called Prosperity Rx: A Prescription For Now & The Future. Please email jmgilles@pressenter.com to receive all five parts and a bonus.

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