Here is the third of my blogs on my attendance at the Anthony Robbins Wealth Mastery training session.
This is another great example of a “system” taking away so much of the risk usually associated with investment and speculation.
The system is that you allocate your assets into categories that give you the right balance of security and growth, and allow a pre-defined amount for spending and enjoyment.
Depending on your age (years to retirement) and whether you are aggressive or conservative in your approach, a set percentage of your assets are earmarked for:
1. Security bucket – say 40%. This is “rainy day” cash – aim to have enough to cover 6 to 12 months living expenses.
2. Growth bucket – say 40%, broken down into:
a. Buy and Hold investments – 20% (property, long-term shareholdings etc)
b. Momentum trading – 20% (trading shares, options etc)
3. Dream bucket – say 20%. Spending money to reward yourself for your successes in the first two buckets. For most people this is cars, homes, boats, holidays etc.
At K&H I am hoping to develop a service or perhaps run training sessions for clients to pass on some of this (and other knowledge). Please let me know if you are interested in finding out more to help you on the path to greater wealth and financial independence.