We all believe that building a house to keep us safe throughout our lives is normal… but have you ever considered the financial house you have built with your assets?.. Different asset classes function differently and leveraging their different characteristics can help ensure your long-term financial success. This is what we call our fiscal house. Your fiscal house is made up of assets that involve risk, assets that transfer risk and no-risk assets.

 

A house is made up of different components that make it a solid, sturdy, comfortable and durable structure, and it’s no different with our money. In our fiscal house, each part has to be leveraged properly for maximum benefit.

 

What are the components that make up our fiscal house and how do we leverage and maximize each of them? Why should we avoid building all our wealth into real estate? In this episode, I talk about why the process of building and actively managing your fiscal house is so critical to your wealth building.