Yes, a lot has changed since the 1980s and their “Get Rich Now!” ideology. Now, whenever you consider wealth creation opportunities, you also have to consider how this great business will be affected by the country’s recession. Nowadays, there are also far more scams to beware of, because of the prevalence of anonymous Internet technology.
Wealth creation does not merely require a great idea, one that’s bound to make you rich overnight. On the other hand, it takes patience and planning to actually build wealth over a period of time. The higher your income is, the more you should devote to savings. The income that you assume will be there every week may decrease unexpectedly. Therefore, the true secret to building wealth is to create a personal financial plan that will organize your income, expenses and project a positive cash flow over time.
Wealth creation might also involve you becoming more independent than the average American worker. For example, consider the option of offshore accounts. The average American worker stores his or her money in a bank, a bank that is still subject to U.S. federal and state law, a bank that could still easily go out of business like Washington Mutual. This clearly illustrates an advantage for you, the independent thinker, and the master strategist intent on becoming wealthy.
An offshore account has complete freedom from the United States government. You have total privacy over the account and the total freedom of independence. You work with a corporation not your own home country. Obviously, this doesn’t entitle you to hide any income you made courtesy of the U.S. government. However it can protect you from certain taxes as well as further financial crisis. Investing in offshore accounts also opens up further opportunity from sources that are not available domestically.
This is what you might call true independence, independence from your own country. With dual citizenship, a process that’s complicated but not very expensive or demanding for the most part, you could even diversify your income from various sources. These are tips in wealth creation that the average American self-made millionaire will probably not share with you. There’s plenty to love about America…but hey, there’s also plenty to love about money. Sometimes business is business, and an offshore account makes good business sense.
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