Do You Know How to Stay Wealthy?
Most wealthy people work tirelessly to obtain their wealth and then continue to practice the same principles to maintain that wealth. However, achieving wealth and maintaining wealth over the long haul are two entirely different things. Therefore, it’s important to have the right advance plan in place if you wish to hold onto the wealth that you’ve worked so hard to obtain.
So what kinds of measures should you take to keep your wealth? The simple answer is that it takes some careful planning ahead. Advance planning often takes the skilled help of an experienced accounting and wealth management firm. That’s because in order to effectively hold onto your wealth you need to utilize every necessary and legal measure it takes, including tax planning and financial planning.
There are three major components to effectively protecting your wealth. They include asset protection planning, wealth enhancement and estate planning. All three of these factors are important elements to advance planning and protecting your wealth. Asset protection planning means you take the necessary steps and planning to protect your wealth from being taken. Wealth enhancement consists of effectively planning and strategizing in order to keep your taxes to a minimum, and thus keeping more of your wealth to yourself.
Finally, estate planning is using legal measures to ensure that your assets and your loved ones are taken care of after you die. At GROCO, we can assist you with all of these kinds of advance planning tactics. Click here to learn more or give us a call at 1-877-CPA-2006.
Six Habits of Professional Leaders
This article will discuss six habits of Professional Leaders. Leadership in the workplace comes in many different styles and forms. Not all people in positions of leadership have the necessary skills to excel at their position. To be successful in business leadership, developing and honing numerous talents, abilities, and attributes is necessary. Some professional leaders are…
How Small Businesses Are Being Empowered with Big Data | Dan Forootan
“How Small Businesses are Being Empowered with Big Data”, Dan Forootan Transcript, Interview by Alan Olsen, Host of The American Dreams Show: Dan Forootan: I started my first company at 16 years old when I was in high school. I loved technology and Bill Gates was my idol. I started playing with stocks in eighth grade.…
The True Value of Communication
The True Value of Communication Communication is extremely valuable in all relationships and in almost every setting. If you want to have a successful relationship with your spouse you must be able to communicate effectively with each other. If you want to have a positive relationship with your children, then you have to learn to communicate with them. Communication in…
A Guide to Family Business Decision Making
The topic of group decision making has spawned many academic studies, books, and white papers. It is never easy to get a group of human beings to make a decision together; it’s hard enough for a single individual to make a decision! Add to the mix more people with their cultural differences, values, needs, desires,…