The first foundation, Own, is about wealth that you as an individual directly control. This is your employment or self employment income. This is when you are making money. You have control over this to some extent and it is your efforts that generate the return on the time and energy invested.
The Own foundation funds the Outsource foundation. The Own foundation is cash coming in.
The Outsource foundation is when you have earned and saved money and then are using someone other than yourself to generate more wealth.
This includes your investments, real estate and when you become the bank and lend money out.
This phase grows the money that you already have and is the second of the two foundations that affect your wealth with the most control.
The third foundation is one where you have very little control. This refers to inheritance.
Whether it is the inheritance that you leave others or someone else leaves you, normally we do not have much certainty as to the timing of exchange in this area of wealth and that is why it is called an outlier.
Armed with this new perspective you can start to use it to your advantage to increase your overall wealth and rethink the actions that you take inside your life that make you wealthier.
This report is provided by TK Dale Wealth Management Inc. It is for informational and educational purposes only as of the date of writing, and may not be appropriate for other purposes. The views and opinions expressed may change at any time based on market or other conditions and may not come to pass. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. The information contained in this report has been drawn from sources believed to be reliable, but is not guaranteed to be accurate or complete. This report contains economic, investment and market analysis and views, including about future economic and financial markets performance. These are based on certain assumptions and other factors, and are subject to inherent risks and uncertainties. The actual outcome may be materially different. TK Dale Wealth Management Inc. is not liable for any errors or omissions in the information, analysis or views contained in this report, or for any loss or damage suffered.