GET THE POWERPLAY BLUEPRINT
POWER PLAY #1 - INSURANCE AND CASH RESERVES
The first power play is your “sleep well at night play”. If you have any family not having proper insurance is downright criminal. Health, Life, and Disability insurance are 3 that you must have to protect not only yourself, but more importantly your loved ones.
As far as cash reserves, some call it rainy day fund, savings account, etc. The point is you need to “stack cash” in a high interest account that you can use for an emergency, to fund a new venture or business, or an upcoming large purchase. How much is enough?
Everyone’s situation and goals are different, but I use the 100% rule - have a goal to stack a year’s gross income/salary in a high interest account. If you are are on track with this great - if not:
Start Today!
ACTION PLAN:
Open Your High Interest Savings Account TODAY
Get Approved for A 20 Year Term Life Insurance Policy TODAY
POWER PLAY #2 - HAVE A RETIREMENT PLAN
Don’t ignore working on your retirement plan. Have something and do it consistently. Time goes by fast, just ask your elders.
ACTION PLAN:
Open A Retirement Plan (IRA) TODAY
Fund it with the first $50 - $5000
Do it every month from today until your retirement date.
POWER PLAY #3 - START A BUSINESS TO FUND POWER PLAY 1 AND 2
ACTION PLAN:
Get a Website and Domain TODAY
Get your LLC opened TODAY
Take daily steps in a building something to create monthly income.