Section 2: Planning your
wealth
This section of the laws of wealth, made up of 8 laws, concerns Laws
of planning for wealth.
Wealthy and successful people leave nothing to chance, they plan
meticulously.
As we said in the last section, here too you would find some of the
laws similar to those already mentioned in the preceding 19 Laws.
Law 20: Define what wealth
means to you: How do you perceive wealth?
Since wealth means different things to different people, it is
important to know your own representation of it. What it is and how much it is
are not important. What are paramount is that it suits you and can lead you to the
life of your choice.
This should be a marker post for you. Do you want enough money banked
for 5, 10, or 30 years? Property investments, for example, that grow by £x annually?
Passive income from a business or investment? A specific salary?
Set it as realistic or as high as you want. If you have no exact idea,
make your guess as accurate as possible. Anyway your definitions and strategies
will be changing with time (life is a journey and not a destination, so you can
always refine your definition of wealth).
Your idea of wealth, like any goal, value, idea or concept should be
penned down, kept in a folder or file and placed in a secure place to be referred
to, used as a guide, a rulebook, a checklist, a diary, a goal and a useful tool
by which to measure your progress.
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