Key Steps For Creating A Wealth Accumulation Plan

If people aren’t making fun of you, you’re probably not on the right track. Why? Because most people are broke. Car payments, credit cards, and student loans have become the norm—but normal is broke. It’s time to stop flexing and start fixing. No more vacations on borrowed money. No more fake wealth. Lay out the basics and go all in. Here’s how you actually build wealth—the right way: The 7 Baby Steps 1. Save $1,000 for a starter emergency fund. This is your financial cushion for unexpected expenses. 2. Pay off all debt (except the house) using the debt snowball. List your debts smallest to largest, attack the smallest one first, and gain momentum. 3. Save 3–6 months of expenses in a fully funded emergency fund. This keeps you from ever going back into debt. 4. Invest 15% of your household income for retirement. Secure your future by putting money into tax-advantaged retirement accounts. 5. Save for your kids’ college fund. Give them a head start by setting aside money for their education. 6. Pay off your home early. Imagine life without a mortgage—that’s real financial freedom. 7. Build wealth and give generously. Once you’re debt-free and financially secure, you can leave a legacy and change lives. Wealth isn’t about looking rich—it’s about being free.

The wealthy don’t work harder for money. They make money work harder for them. Here’s how they turn earned income into lasting wealth  1️⃣ Earn → Don’t Just Spend ⤷ Job income is step one—not the finish line ⤷ Carve out cash to invest before lifestyle upgrades 2️⃣ Buy Assets, Not Liabilities ⤷ Assets put money in your pocket (rent, dividends, royalties) ⤷ Liabilities drain it (cars, gadgets, luxury expenses) 3️⃣ Real Estate = Cash Flow + Appreciation ⤷ Rent pays today, value grows tomorrow ⤷ Bonus? Tax breaks speed up wealth building 4️⃣ Build Business Equity ⤷ Ownership creates value beyond a paycheck ⤷ Systems + teams = income without trading time 5️⃣ Compound Returns = Quiet Superpower ⤷ Reinvest profits—don’t cash out too soon ⤷ Let time multiply your money for you 6️⃣ Reduce Taxes Legally ⤷ Use deductions, deferrals, and smart structures ⤷ Keep more of every dollar earned 7️⃣ Reinvest Income Streams ⤷ Passive income shouldn’t sit idle ⤷ Funnel cash flow into more assets = wealth snowball The game is simple: Earn → Buy assets → Reinvest → Let money multiply The wealthy don’t just save. They convert income into freedom. Which step are you working on right now? Marc Henn is a licensed Investment Adviser with Harvest Financial Advisors, a registered entity with the U. S. Securities and Exchange Commission.

The secret to building generational wealth isn't starting from scratch. It's combining these 3 asset classes strategically: I've acquired 7 companies since 2006, building a $16.5M revenue portfolio. But the real wealth isn't in businesses alone - it's how you combine different asset classes to create exponential growth. The wealthiest people understand this formula. They don't just pick one asset class - they strategically combine three: 1. Business Assets The foundation of wealth building. When you buy an existing business, you get: • Both tangible and intangible value • Working systems and processes • Proven cash flow from day one • Established customer base 2. Real Estate Timing is critical here. Wait until your business generates consistent cash flow, then: • Use that cash flow to acquire strategic properties • Leverage physical assets as collateral • Create stability in your portfolio • Build long-term appreciation 3. Intellectual Property This is what separates the wealthy from the ultra-wealthy: • Patents, trademarks, content • Passive income generation • Unlimited scaling potential • No physical limitations The magic happens when you combine these assets correctly, they multiply each other: • Business cash flow funds real estate investments • Real estate provides collateral for expansion • IP creates new opportunities for both But there's one important thing you must not forget... Don't try to do everything at once. Start with one business. Get it generating consistent cash flow. Then expand strategically into real estate and IP. The framework I've shared isn't theory - it's exactly what I've done to build sustainable wealth that: • Generates consistent cash flow • Appreciates over time • Can be passed down generationally You don't need to start from scratch. In fact, buying an existing business is often the fastest path to financial freedom.