You can’t create wealth until you preserve it first. Each dollar lost unnecessarily isn’t just a single dollar lost, but a compounded dollar lost. A dollar not lost allows wealth to compound from a higher floor. Losses can occur from many places beyond investments: property, income, taxes and fees. It is well worth paying for the expertise of professional advisors who are able to prevent or reduce losses in all of these areas.
The Key Takeaways
o Protecting your wealth from losses allows you to build more wealth, as compounding growth is able to build on a larger base.
o Losses can occur from many sources you may not have considered.
o Experts can help you identify where these risks are hiding and provide solutions to protect you.
Prevent/Reduce Losses to Grow Wealth
Any time you can prevent or reduce a loss, you preserve wealth. Here