Accumulated Money
The first type of money, which gets the most focus, is your Accumulated Money. This is the money you are currently investing and saving.
Lifestyle Money
Lifestyle money represents the dollars you are currently spending to maintain your standard of living. Where you live, the cars you drive, where you eat, vacations etc. This is typically the area traditional financial advisers focus to increase the money you are saving, which usually results in less lifestyle money for you. There are many ways to increase your Accumulated money without reducing your lifestyle dollars.
Transferred Money
The third type of money is Transferred Money. This money is the money you may be transferring away unknowingly and unnecessarily. It is important to focus on money you may be transferring unnecessarily because this often has the biggest impact on your wealth over time. The interesting thing is that by avoiding unnecessary transfers, dollars are then freed up to put toward accumulation or lifestyle with no additional out-of-pocket expense.
Advanced Capital Group will teach you ways to increase your wealth without decreasing your lifestyle. We Educate our clients on the process of wealth accumulation.