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Updated by Fusion 360 on Apr 25, 2014
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The Top Plans of The 1 Percent

This will be about the various plans of the 1 percent; they are wide-ranging and startlingly variant.

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The Top Plans of The 1 Percent

The Top Plans of The 1 Percent

Sometimes it’s easy to wonder what we would do if we had all the money in the world. Problem is if it ended up in a normal person’s hands, they would balk in amazement of all the directions they could choose to take. But if you happen to win the lottery, don’t be like Charlie Sheen and spend it all on coke and hookers. Talk to a Salt Lake City asset protection expert instead, or follow these 10 guidelines:

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Don’t be a bonehead and put all your money in one bank

Don’t be a bonehead and put all your money in one bank

Most national banks are only FDIC insured up to $250,000. One doesn’t need to be a Salt Lake City asset protection expert to know this.

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Don’t let cash sit in your bank account

Don’t let cash sit in your bank account

Economic projections have inflation rising steadily within the next six years, making the value of the dollar decrease. If your money is sitting in the bank, it’s not accruing interest and therefore decreasing in value.

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Put your money into the Northern Trust in Chicago

Put your money into the Northern Trust in Chicago

According to Forbes.com, this asset protection haven holds $145 billion of wealthy-client assets.

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Devote time to studying finance on an academic level

Devote time to studying finance on an academic level

One of the many reasons the rich get richer is the fact that they have the time and resources to successfully manage and learn about their assets.

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Diversify Financial Portfolios

Diversify Financial Portfolios

Not only do rich people tend to do this, people tend to become rich by doing this. The point of asset protection is to diversify risk and cut potential costs while maximizing future dividends.

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The rich devise ways to save on taxes

The rich devise ways to save on taxes

It’s an intricate process, but even the average Joe could find a way to do this. If you’re middle class, and you devote time after work to finding unique ways to circumvent taxes, chances are you’re likely to end up lucky.

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The rich know how to leverage their money

The rich know how to leverage their money

Leveraging is a lot like investing, except it has more to do with making expenses to earn money, such as starting a business or buying a home that is likely to appreciate in value. Salt Lake City asset protection experts understand the value of home appreciation.

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The rich have sophisticated will executors

The rich have sophisticated will executors

With genteel society comes genteel company. Often, the wealthy have acquaintances with talented will executors who can help transfer assets from the dead to the living.

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Early retirement

Early retirement

If you’re rich, and can afford to retire early, then why not?

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Author Bio

Author Bio

James O’Connor is a writer at Fusion 360, Salt Lake City’s #1 Public Relations and Advertising agency. He writes content for many businesses in the valley, including York Howell.

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