The Wealth Code 2.0: How the Rich Stay Rich in Good Times and Bad

Chapter 4

The Process of Wealth

Why do some people have a knack for making money? Part of the reason will always be that those people have some God-given talent, such as ambition and self-discipline. But for most who become wealthy, they have had great mentors and guides along the way. Why reinvent the wheel when you can get a head start from someone who has been there and done that?

The process of building wealth is the ability to accumulate and protect one’s wealth. Understanding the fundamental steps will take you down the financial road toward your goals, versus causing you to take a detour. Basics such as consuming less than you produce and saving the difference is just one building block in a pyramid of concepts that serve to move you in the right direction.

I’ve always felt education is the most important block in one’s foundation. The constant desire to improve your understanding of the world by reading what others have to say is crucial. More important than what you read on any given topic is just that you read. You are demonstrating this basic principle by reading this book. You might not agree with everything I say, but if you can pull out a few good ideas, then your time and money were worth it.

Clients always ask me for book recommendations, and I say if someone spent the time to write something and went through the effort to publish it, then there has to be a few good ideas in the book. Just read.

My goal in the following chapters is to define the process of building ...