The Asset Protection Mindset

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A strategic asset protection mindset is one that will separate those who accumulate long term wealth, but also keep it. Most successful entrepreneurs let their big egos get in the way and they don’t take the steps to set up a complex (not simple) structure to protect their assets.

A strategic asset protection mindset is part of this important business equation; you must master two skills: first, the skill to generate profits in the shortest period possible and keep them. Many times, keeping them may be harder then creating the profits.  Keeping them focuses around the strategy of asset protection. You must protect your assets from everything, like lawsuits, taxes, creditors and bankruptcy. 

This success requires a certain mindset for survival. It requires working backwards to think through what could go wrong and how your assets would be affected.

You Must Ask Tough Questions

It requires asking some tough questions like, “What would happen if I get sued and my business insurance (if your business even has any) did not cover the legal fees and damages? What would happen to my financial fortress? If my assets were to take one direct hit (a lawsuit), what would be the outcome?  Would I lose everything? How do I mentally handle being totally unprotected?”

Develop the Right Asset Protection Mindset and Avoid Regrets

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