In Extraordinary Wealth, the authors present the three levels of wealth creation,
and an outline to help you reach them:
LEVEL ONE You have enough passive income from your assets to
replace your paycheck when you stop working. Reaching this level
means you have a stable retirement.
LEVEL TWO You have free capital or "playchecks," which are
income-producing assets that are not responsible for maintaining your
lifestyle. Reaching this level means you have financial freedom.
LEVEL THREE You have earned income beyond retirement and
continue to earn substantially more than you spend. Reaching this
level means you have multigenerational wealth.
Many people would love to reach that first level. Sadly, almost no one does. If you're
dedicated and disciplined, this book will teach you how to progress through levels
one and two and ultimately reach the third level, creating multigenerational wealth.
Author Biography:
Mark B. Murphy CLU(R) ChFC(R) SUMMARY For over 32 years, I've been working in the financial services industry because I love to help people. I wake up every day excited to bring value to the clients I work with. I do this by developing high emotional fitness driven by wealth creation strategies. After obtaining my degree in Accounting and Finance, I began working as a Financial Representative because I enjoy helping people make smart financial decisions that will affect their whole life. I believe that building abundance is deeply psychological. Self-limiting beliefs hinder even the most successful professionals from living the life of their dreams. I work with entrepreneurs and those with an entrepreneurial minded to shift their money mindset. Our wealth building process starts by listening to your wants and needs and understanding what is important to you in business and in life. I then put together a comprehensive plan of action that allows you to create real wealth. With this plan, you can live comfortably today, and reap the rewards of free capital, or what I like to call "playchecks" so that you can enjoy well into your retirement years. Many people spend more time planning a vacation than they do focusing on their budget. My role is to act as your financial "macro-manager". I work alongside CPAs, attorneys, actuaries, banks and other professionals so you have a single point of contact. I act as your key business strategist who will simplify complex terms and concepts and provide you with direction, creativity and companionship from a holistic perspective. I have built my business based on old-fashioned relationships and referrals and I'm honored to have earned the trust of both my clients and other agents. I continue to focus on achieving predictable and permanent results. Everything I do in my business is focused on delivering a superior experience and delivering abundance to each and every client. NORTHEAST PRIVATE CLIENT GROUP We are a national firm who works with entrepreneurs and the entrepreneurial-minded. Our wealth building process focuses on you. Our Prosperity Perspective Model starts by asking you strategic, insightful questions so that we thoroughly understand your needs, wants and long-term goals. We provide you with clarity and guidance so that you can make the right financial decisions about your money management, your business and your life. From managing debt to saving for retirement and beyond, we take a teamwork approach and we ensure you receive qualified financial advice. We believe in thinking "outside of the box" and taking an uncommon approach to minimizing risk and preserving your wealth. Mark B. Murphy CLU(R) ChFC(R) Page 2 of 3 We follow up with you regularly to ensure your plan is on the right path to success. Northeast Private Client Group specializes in: - Investments**: Bonds, Stocks, Mutual Funds, ETPs, Traditional, Roth, SEP and Simple IRAs - Financial Strategies: Retirement Plans, Tax Strategies, Estate Planning, 401(k) planning, College Planning, Cash Flow and Budgeting - Insurance: Disability Income Insurance, Life Insurance, Long Term Care Insurance - Business Planning: Exit Planning, Succession Planning, Executive Compensation Planning **Investments offered through Park Avenue Securities
