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In our last several posts, we have been revisiting the 3 phases of the Wealth Cycle: Creation, Preservation & Distribution. First we earn our wealth, then we maintain it (and hopefully, enjoy it) and finally we pass along with what’s left of our wealth to others.
In our past two posts we have been discussing the first of the 3 phases of the Wealth Cycle, Wealth Creation.
In our last post we re-introduced our series on the 3 Phases of the Wealth Cycle, beginning with wealth creation. This is the time in our investing lives that we work hard to generate investment capital and tend to take bigger risks to create the critical mass of capital required to make big gains.
At some point in our lives we decide what we want to be when we grow up. Some of us are fortunate enough to pick right the first time, while others hit dead-ends but keep trying until they find the right path. Once found, the real work begins, and we set out to achieve our goals, both personal and financial. When those two line up, good things can happen and successful careers are launched.
As we suspected would be the case, the interest rate on the popular SBA 504 mortgage fell sharply for the second straight month.