How Great Strategies Can Fail

In an ideal world, you build your own banking system, and this vehicle compounds for generations, exponentially growing your family’s wealth and freeing your descendants from reliance on traditional banks. But for this to work, your family matters…

We’ve already covered how the Vanderbilts were once one of the richest families in America until successive generations squandered their wealth. If your family members are misaligned with the long-term vision of the family, they can make decisions that erode the family wealth you’ve built.

Take the stereotypical “trust fund baby” who coasts off their family’s wealth without creating value, wasting the family money on luxury items and approaching life with a spoiled, entitled attitude. To prevent your descendants from adopting this mindset, you need to instill them with values around finances.

Get It Right

Remember, there are a lot of pieces that need to be done right for the Aligned Capital Strategy™ to work so that you can Get Wealthy For Sure™.

You need:

•A Team

•A Strategy

•A System

•Vehicles

•Processes

Without all of these pieces in place, the system won’t work.

If your team is fragmented and isn’t at the same level of talent–or doesn’t specialize in this strategy–you won’t have the expert guidance needed to execute this strategy.

If you don’t have a cohesive strategy and instead try various strategies that aren’t aligned with each other, you don’t really have a strategy. You’re hoping, not planning.

Without a clear strategy, it’s impossible to have an effective system. This usually leads to having a variety of vehicles that you don’t truly understand and hoping one of them works out. And without all of these four pieces, your processes will be sporadic and disorganized. How can you execute an effective process if you don’t understand the vehicles you have, what they do in your system, and what your overall strategy is?

Many business owners get lost chasing shiny objects or implementing the hot new investment vehicle of the month. Because their team and strategy aren’t in alignment, nobody stops them from falling down the rabbit hole.

In the end, without these 5 components, you don’t get pre­dictable results. To return to our mountain analogy, you have no idea what will happen when you reach the summit.

A proper strategy that aligns a team, system, vehicle, and processes toward your goals will give you predictable results. You will know for certain that you’ll get the outcome you want.

If you don’t have these 5 components aligned yet, it’s okay. It’s not too late to move from where you are to where you want to be.

You can request a free paperback copy of Get Wealthy for Sure™: The #1 Financial Strategy for Business Owners to Multiply Wealth Predictably here.

To schedule a strategy session with the Producers Wealth team, please complete and submit this form, and a team member will reach out to schedule your strategy session.

Disclaimer and Waiver

Michiel Laubscher & Laubscher Wealth Management LLC is not an investment advisor and is not licensed to sell securities. None of the information provided is intended as investment, tax, accounting, or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement, of any company, security, fund, or other offerings. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information contained herein is at your own risk. The content is provided ‘as is’ and without warranties, either expressed or implied. Michiel Laubscher & Laubscher Wealth Management LLC does not promise or guarantee any income or specific result from using the information contained herein and is not liable for any loss or damage caused by your reliance on the information contained herein. Always seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, or other content.