Many top business leaders, sales professionals, and entrepreneurs hail The Baron Son as a remarkable breakthrough guide to self-mastery, leadership, and wealth-building. If you are ready to move your life or business to the next level, the products, services, and workshops offered on The Baron Series website will help you master the book’s compelling principles.
"A breakthrough approach in relating leadership principles
that have long served those in commanding roles."
— Bob Johnson
Founder Black Entertainment Television, Inc.
"Everyone can benefit from this roadmap."
— John L. Jacobs
Chief Marketing Officer The Nasdaq Stock Market, Inc.
“If a man achieves not success, it is for one of two reasons: either he does not know the methods by which to accomplish his aims, or
he is afraid of the struggle to unleash his own power. One of those reasons has now been eliminated for you…”
- The Baron Son
A 5-step action plan for building wealth when you have limited resources
How a person who has no savings and lives paycheck-to-paycheck can still build wealth and prepare for retirement
How to overcome massive debt
The major vehicles for building wealth and passive income
What people who are very successful with managing money do differently than others
Five questions every person should be able to answer about their finances
Four questions every person should be able to answer about any company they invest in
How someone with a limited financial or business background can get started building wealth
Tips to help avoid bad investments
(Listen Now!)
Step 2 – Sign-up to Receive The Baron Series Newsletter and Podcast
In order to achieve financial success, you will need on-going support to help you develop the proper mindset and mastery of important wealth-building concepts and tools.
The Baron Series Newsletter will provide you with sustaining support by offering invaluable information and resources that will help you build wealth, develop self-mastery, and
enhance your entrepreneurial skills. You will also learn first about new BARON programs available that will help you accelerate your path to success and make and save more money.
Step 3 – Determine Where You Are Now
You should begin by analyzing your current financial situation, as well as, the network of individuals you have available to assist you.
To asses your financial health, calculate the following:
Net Worth - Subtract your total liabilities from your total assets.
Net Worth = Total Assets – Total Liabilities
Liquid Net Worth - Subtract your short term liabilities, and debts not tied to assets, from your assets that can be readily turned into cash (do not include real estate, business equity, personal property, automobiles, expected inheritances, or funds due to be paid for other purposes as part of your liquid assets).
Liquid Net Worth = Liquid Assets – Short Term Liabilities and Debts Not Tied to Assets
Monthly Cash Flow - Subtract your monthly expenses from your monthly income.
Monthly Cash Flow = Monthly Income – Monthly Expenses
Based on the above calculations, you now know where you stand financially and are able trace the sources and uses of your money. Equally important,
since financial success does not happen alone, you should evaluate your network of associates to determine if there are individuals with specialized
expertise that can help you on your path. Expertise implies just that–NOT “hot” investment tips from family and friends.
Step 4 – Establish Your Goals
All great things begin with clear vision and definite purpose. Whether your goal is few hundred dollars more in cash flow a month, or a
multi-million dollar net worth, it is important that your goals be clearly defined in writing and have a realistic time frame. Writing down your goals will be key to your success.
Step 5 – Choose Appropriate Investment Vehicles
Taking into consideration your cash flow, current assets, financial goals, and established time frame, you are able to determine the rate of return necessary
to achieve your financial goals. (See the Investing Calculators on our Resources page). Once you know the rate of return that is needed, you will have
to seek out investment vehicles (e.g. real estate, stocks, privately owned businesses, etc.) earning that rate of return. You will then need to
evaluate your knowledge and experience with that particular investment vehicle, the capital required to invest, and your ability to manage the
risks associated.
You should never invest money that you cannot afford to lose, or invest in things you do not understand or feel totally comfortable with.
As everyone’s situation is different, any financial advice you act on should be tailored to your particular circumstances with the help of a
professional advisor.
Step 6 – Periodically Evaluate Your Investments
You should always monitor the performance of your investments and compare them to your current needs and goals. Most markets are cyclical,
and will experience some form of volatility. To avoid emotional decision making when selling your investments, recall why you made the particular
investment and ask yourself whether anything fundamentally has changed. If not, consider sticking with the investment. If something has
fundamentally changed, consider whether it is a temporary problem that can be corrected or a larger issue that requires you to quickly cut
your losses.
Step 7 – Listen to the BARON Personal Finance Fundamentals Audio CD This is one of the most important courses you will ever take! When it comes to your investments, understanding financial statements is
as critical as knowing how to read or do basic math. This practical financial
education will help to develop the habits of mind necessary to avoid debt,
make more successful investments, and live an exceedingly comfortable lifestyle.
You will discover how to:
Create a personal financial statement to monitor income, expenses, cash flow and debt
Mirror the financial strategies used by Fortune 100 companies to improve your life
Understand financial statements without having to be an accountant
Read the three major financial statements: Balance Sheet, Income Statement and Cash Flow
Monitor existing investments and determine if companies are profitable before making any future investments
