Richard Blair of Wealth Solutions has been helping Austin residents build wealth for over 30 years. He now wants to share his knowledge with the world in hopes of helping even more people get their finances in order so they can retire and never have to worry about money.
Tip #1 – Identify Your Goals
Knowing your financial goals is the first and most important step when it comes to building wealth. The idea is to get a clear understanding of where you are coming from so you can create a roadmap to get to where you want to be.
Setting clear goals will help you identify what type of investments you want to make and how soon you want to make them.
Tip #2 – Focus On Developing a Long Term Strategy
To build sustainable wealth you will need a long term strategy. Your strategy should be specific to your personal investment goals as well as your liquidity needs.
Focus on managing your assets in a way that will maximize the performance of your portfolio. You should also come up with a strategy to minimize your losses when the market is down.
Tip #3 – Figure Out Your Insurance Needs
One thing wealthy people have is plenty of insurance. You want to make sure you have adequate long term care insurance as well as a decent life insurance policy. This is something you should discuss with your spouse or children.
Who Is Richard Blair?
Richard Blair is the Founder of Wealth Solutions, a Registered Investment Advisory firm he launched in 1984.
For more than 30 years he has been helping Austin residents grow, protect and manage their wealth.
Blair grew up in a family full of teachers. Because of this he was able to see just how powerful education can be. He witnessed first hand how teaching can grow an individuals confidence and literally transform their lives.
This is what inspired him to build his business around educating people and showing them what it takes to build true wealth.
To learn more about Richard Blair and Wealth Solutions visit the company website at www.wealthsolutionsria.com.