We’re talking about consistent wealth this week. And as we noted, the simplest way to build consistent wealth is to buy quality assets on a regular schedule. Like clockwork.
When we left off yesterday, I promised to share with you how to create a system for this… and exactly which investments to make right now. That will be our topic for today.
I’ll start by acknowledging that everybody’s situation is different. Anything I suggest in these pages should be taken as just that – a broad suggestion. Nothing here should be considered personalized financial advice.
That said, most of us earn income on a regular schedule. The easiest way to create a system for consistent wealth is to set aside a chunk of our income for investing the moment we receive it.
This is the old pay yourself first principle. Invest a portion of your income as soon as you receive it – before you pay any bills or make any purchases.
To make this sustainable, the portion we invest has to be reasonable. It should be an amount that won’t leave us scrimping for quarters under the couch cushions at the end of the month.
At the same time, it should be a material amount. Investing five dollars every two weeks isn’t going to do much for us.
Once we have settled on our investing budget, we should spread it out evenly over several different assets. And we do this first thing every time we get paid – no matter what.
So that leaves the question: what assets should we invest in each pay period?
The answer is that it will be fluid over time. Some assets that are great investments today may not be great investments five years from now. So we have to be nimble with this strategy… but that also makes it fun.
As for today, here are the areas I think worth considering:
- Bitcoin
- Gold
- World-Class Insurance Stocks
- Top-Tier Energy Stocks
- Gold Royalty Stocks
- Consumer Inflation Hedges
- High-Technology Stocks
Please note that I’m omitting investment real estate and other income-producing assets here. That’s only because we can’t buy those assets in small increments.
They require a larger commitment. And we should only consider them after we’ve built a strong financial base – which is what this consistent wealth strategy will do.
Getting started, we should probably focus on just three of these investment themes during any given pay period.
For example, let’s say our investment budget is $600 per pay period. We would then put $200 into three distinct assets within any of these seven themes. We could do that for several months, and then we could shift over to three of our other themes.
In this way we would build a robust portfolio of quality assets over time. Our wealth will grow automatically… and we’ll guarantee ourselves financial security.
And as we get into it, we’ll start to get a feel for which themes we should focus on at any given time.
I listed my seven favorite themes right now based on valuations and macroeconomic trends. But over time some themes will become less attractive and new themes may rise to the top.
Tomorrow we’ll discuss each of these investment themes at a high level.
-Joe Withrow
P.S. The Financial Consistency Bundle provides a specific action plan for implementing this strategy – including exactly how to navigate the equity markets and make these investments.
We only make the bundle available a few times each year… and now is one of those times. You can get it right here until Friday at midnight.