How to Create Wealth and Avoid Massive Economic Pain North Carolina

In this fast changing economy, you need to understand and create a flexible plan that protects your downside gives you maximum staying power.


1 . Local Companies

RSM McGladrey, Inc.
(704) 367-6251
4725 Piedmont Row Drive
Charlotte, NC
Accounting Principals
(704) 552-5454
6000 Fairview Road
Charlotte, NC
L. Frazier Accounting
(704) 553-9996
1510 Burnley Road
Charlotte, NC
Padgett Business Services
(704) 248-6283
6000 Fairview Rd
Charlotte, NC
Paragon Commercial Bank - Charlotte Office
(704) 644-4001
4725 Piedmont Row Drive
Charlotte, NC
SouthPark Jewelers
(704) 554-6010
5950 Fairview Road Suite 12
Charlotte, NC
Wagner Noble & Co.
(704) 552-0553
5970 Fairview Road Suite 402
Charlotte, NC
Mauney-Pitt Financial Management
(704) 481-0101
310-2 E. Graham St.
Shelby, NC
American General Auto Finance
(704) 846-0134
1811 Sardis Rd N
Charlotte, NC
American General Auto Finance
(704) 846-0134
1811 Sardis Rd N
Charlotte, NC

2 . How to Create Wealth and Avoid Massive Economic Pain

Massive Economic Pain = Structural Change in the world economy
Structural Economic Change is being reflected by:
  • Increasing oil and gas prices
  • Declining home prices
  • Lose of jobs
  • Competition for strategic metals
  • Shift in economic power
  • Depreciation of the dollar
  • Sell off of US assets to foreigners
  • Global Warming

    In this fast changing economy, you need to understand and create a flexible plan that protects your downside gives you maximum staying power and takes into account the following:
    1. Paper money is rapidly depreciating.
    2. Inflation is higher than stated.
    3. Changes in US oil policies will take many years to implement.
    4. Real Estate home prices will adjust downward to the long-term trend life of home price compared to rent ratios.
    5. Stock market returns will not compensate for inflation and taxes.
    6. Proposed economic plans by politicians will require an increase in tax rates.
    7. There will be a desire to tax the rich as a deflection from the real issues of oil dependency, overspending and exporting jobs.
    8. Increased gas prices will affect all areas of life and change business and lifestyle patterns.

    How to Create Wealth in Uncertain Times:
    1. Use leverage in every area of your business.
    2. Exchange your talents, knowledge and skills for equity.
    3. Use networking and collaboration to test every aspect of your business before you launch.
    4. Wherever possible do not take on any long-term commitments such as office space or loans.
    5. Review every expense as if it were too high and had to be lowered to survive.
    6. Partner with groups that can spread your products and services quickly in exchange for a share of the revenue.
    7. Review all potential exposure to your assets especially legally.
    8. Assess all commitments and prioritize those that will give you the greatest rate of return for the least input.
    9. Build flexibility into your business so that almost all costs are variable and can be reduced quickly if your investment is not giving you the best rate of return.
    10. Be bold.
    11. Do not fear to take calculated risks.
    12. Be prepared to cut your losses and admit you’ve made a mistake.
    13. Learn quickly from the mistakes and immediately try again.
    14. Keep pushing forward.
    15. Constantly build resources so you can take advantage of the many opportunities that will be occurring as the marketplace changes rapidly.
  • 3 . AskDestiny

    http://www.askdestiny.com - AskDestiny® uses proprietary research and front line experts to solve your financial problems and build your wealth.

    4 . Featured Local Company

    RSM McGladrey, Inc.

    (704) 367-6251
    4725 Piedmont Row Drive
    Charlotte, NC

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