Building a Second Engine of Wealth

Step 2 of the BuiltWealth™ Ladder is one of the most exciting moments. 

It’s the point where your business starts doing what you always hoped it would: throwing off consistent profit.

But there’s a catch. 

Most of that success is still tied up in the business. If the engine stops, so does everything else.

So this step is all about expanding your second engine: wealth that lives outside the company. 

That’s done by carving out, and consistently working, a simple, repeatable system to pull profits out of the business and turn them into personal progress.

We’ve seen too many entrepreneurs stay stuck at this stage because they don’t have a plan that’s matched to their personal goals. 

They’re great at reinvesting in the business, but not as comfortable paying themselves first. 

They know where they want to grow the business, but not what they want to do after it.

That’s where we step in as a financial quarterback with our clients, coordinating with their CPA, their insurance advisor, and attorney to make sure every dollar pulled out is protected, productive, and aligned with the bigger picture.

Because when you reach the second rung on the BuiltWealth™ Ladder, you’re not just growing your business anymore. Your second engine is growing from a purr to a roar. 

You’re building wealth that gives you freedom, options, and peace of mind.

You’re beginning to create balance between the company you run and the life you want to live beyond it.

And that’s real progress.

So what can you do about that right now?

You can step back and solidify your bigger picture. What’s all this for in the end? And what’s putting pressure on your climb up the Ladder, now?

Take the time to talk to your family about your goals and advisory circle about how to protect and augment them with practical steps today. For example, are you tracking retained earnings vs. owner distributions in a way that helps you see how your second engine is performing?

And you can always talk to us. 

We’d be happy to talk through your challenge and financial ambitions and see how we can best help. We call these a JobWalk, and you can book one here!

Want to make clearer decisions about your money and your business? This newsletter gives you one question each week that helps you see where you are on your ladder and what might deserve your attention next. 
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HFM Investment Advisors, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. All investments involve risk and are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as a recommendation appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment advisor to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.