Each Prosperity Trek has an itinerary suited to its travelers and the journey. Each trek provides new challenges and experiences. Here are some of the activities you may encounter on your trek:
- increase income
- enjoy life
- eliminate debt
- control spending
- set up an emergency cash reserve
- set up an automated savings program
- build net worth
- enjoy pursuits that bring you happiness and fulfillment
- share with others through estate planning and charitable giving.
We have six categories of activities on our treks:
Activities to Earn
These are activities to enhance your income. This includes opportunities to find happiness and fulfillment in what you do.
Activities to Spend
These are activities to control spending. This includes budgeting and understanding some of the drivers that affect our spending decisions. Ideas for reducing costs are provided affecting transportation, housing, energy and many others. Information on useful internet resources are also provided. Spending steps is where we provide information to reduce debt. The Prosperity Trek aims for debt elimination (with the exception of your mortgage) and we incorporate debt reduction steps as appropriate.
Spending activities will not only improve our cash flow but will also help us to protect our net worth. For example, insurance premiums are an expense that affects our cash flow – but the insurance protects our wealth, our net worth. A successful Prosperity Trek depends on the protection of wealth through insurance.
Activities to Save
Activities that help us to save are the essential link between cash flow and net worth. We save from our cash flow and invest from our savings. So savings are very important. We believe the best approach is to have an automated savings program.
Savings also includes provisioning for an emergency store of funds. We provide information to help you address this important need.
Activities to Build Net Worth and Wealth
Building net worth is where the Prosperity Trek rises from the foothills to the higher ground. We use investing strategies such as “asset allocation” and “rebalancing”. You may have heard these buzzwords before – but they are integral approach that needs to be applied to generate wealth. Building net worth relies on appropriate investment vehicles – that take into consideration the tax implications.
Activities to Enjoy Life
Your prosperity trek has an ultimate destination. Defining goals that are important to you, and reaching those goals. Enjoying life - finding happiness and fulfillment. That’s the destination of your prosperity trek. Whether it’s travel, retirement, pursuing a hobby or starting some new adventure.
Activities to Give – Charitable Giving and Estate Planning
Having prosperity is an opportunity and responsibility to share it with others. Estate planning using tax strategies. Charitable giving to causes and charities important to you.
