Wealth has a stigma that it is only for the upper class. However, everyone wants to make plans for purchasing a home, vacations, retirement plans and many other life events. The truth of the matter is that we live in a fast-paced society where money is the necessary tool to make most of our dreams become reality. In this article, you will learn the basics of growing your wealth.

1. I D E A S T O H E L P
G R O W Y O U R
B U S I N E S S
©Copyright2015.CBIZ,Inc.NYSEListed:CBZ.Allrightsreserved.
BY ANTHONY PARRELLI
M
ost financially secure people ponder the question
“why should we expand our personal wealth if it
already is adequately secure?” The simple reality is
that life is always unpredictable and so is the economy.
Some feel that their net worth defines their status in
society or places them at a higher level than their peers.
For others, the idea of personal wealth gives them a sense
of security. Wealth has a stigma that it is only for the
upper class. However, everyone wants to make plans for
purchasing a home, vacations, retirement plans and many
other life events. The truth of the matter is that we live in
a fast-paced society where money is the necessary tool to
make most of our dreams become reality.
The road to expanding your personal wealth may
sound impossible; however, the simplest way to begin is
based on a principle that can be implemented from early
on: saving a percentage of your monthly income. You don’t
have to take a large portion out, but you must never touch
it. This takes discipline, but after several months you will
see the benefits and look forward to reaping the rewards
in the future. The underlying fact is that you need to start
somewhere.
Expanding personal wealth is a gradual process that
requires much dedication. The majority of wealthy people
see the fruits of their labor in middle age or later.
There will always be ups and downs, but you must
remain positive, believe in your plan and steer the course.
Always keep track of your money and never spend it on
anything that is not truly necessary. Always be aware of
where your money is and what you are doing with it so
that you remain in control of your hard-earned cash. Save
your money wisely, but also invest it wisely.
One of the key components of investing is the risk
involved. There will be times when your investments result
in huge success; other times… failure. Without risk, there
is no reward. Some have pure luck; they are in the right
place at the right time. Others are more business savvy than
our business is growing yours
Personal Wealth
Expanding Your Wealth: The Basics
Article reprinted from Summer 2015GROWTHBIZS T R A T E G I E S
others and take advantage of a good opportunity when they
see one. Regardless, there is risk involved. Some of the most
successful people had to take a fall before reaching their
maximum potential.
All would be well advised to seek the guidance of a
seasoned wealth planning professional.
For most of us, it takes many years, even decades, of
hard work and dedication to see our savings and investments
pan out. Continue to be determined. If you start small and
aim big, the opportunities are endless.
ANTHONY PARRELLI
CBIZ MHM, LLC • New York, NY
212.790.5738 • aparrelli@cbiz.com
@CBIZNewYork