Circle of Wealth

Your Circle of Wealth is defined as all of the money you will ever have. It is a finite amount therefore it is important to be as efficient as possible. You must learn to put your dollars and assets to work for you doing all they can. You've heard the expression, "work smarter, not harder"?

Your Circle of Wealth can be divided into three areas:

• Accumulated - the assets and dollars that you've acquired and kept
• Transferred - the dollars that you've earned but are losing to others
• Lifestyle - what you spend and how you choose to live

Ultimately, the most important is the last one. If ranching and being a cowboy is not about a lifestyle than we don't know what is:

"It's a lifestyle, not a vocation . . . it's just something you are. I think that's the main reason that I've stayed with it. I've had other jobs, but none for very long. I was never happy doing anything else." Jet McCoy, from a July 2010 Western Horseman article.

How you choose to manage the accumulated and transferred areas dramatically impact the quality and longevity of your lifestyle.

Think of your wealth as being contained in a bucket. There are two ways to fill it up. You can increase the flow into the bucket or you can plug the holes that allow it to flow out:

Those holes represent threats to your lifestyle; interest expense, excessive taxes, non-deductible debts, opportunity costs and more. We'll help you identify the leaks in your "bucket" and then teach you how to fill it up by plugging those holes. That will mean everything to the perpetuation and improvement of your lifestyle.