The Wealth Formula succinctly depicts the components that are necessary for you to create real wealth.  The Wealth Formula is shown below:



It identifies four essential wealth creation stages and the relationship between them. These are:

  • Wealth Mindset 
  • Wealth Knowledge
  • Wealth Planning
  • Wealth Action

It links each of these four component through the plus sign, +, which signifies that each of the four components are necessary for you to create wealth. In other words, missing one or more of the four wealth components will dramatically impact your ability to generate wealth.

For example, you could mentally prepare yourself, learn everything you need to make enormous wealth and create the most detailed plan to achieve your desired level of wealth, but if you don’t action it then all that preparation is worthless.

Similarly, if you mentally prepare yourself, learn everything you need to make enormous wealth and run off actioning your newfound mindset and knowledge but fail to make a plan it is like setting off in your car to go somewhere you’ve never been without taking a map.  What’s your wealth destination?  How will you know if you’ve achieved what you wanted to achieve?  How do you know your using the right investment vehicle?  How do you know if you’re on track or not to reach your target?  Are you surpassing or underachieving against realistic milestones?  All of these questions would be easily answered with proper planning.