What Is Wealth Strategies?

The EDJ Philosophy is an eight step plan to wealth strategies. The first strategy to building wealth is paying your tithes. My belief is if you pay God what He is owed, He will in return bless you, your family, your business, and your career. Next, live on a budget. We talked about creating a budget earlier. If you have a budget, then you have a sense of what your monthly household expenses are, and how much discretionary funds you have available at the end of every month.Thirdly, pay-off all your debts excluding your mortgage. We will get to paying off the mortgage later. If you have a budget, then you can use some of those discretionary funds to pay-off your debts.

Fourth, start a savings and retirement plan. Once you pay-off your debts, you can use that extra money to contribute to a savings and/or retirement account. Fifth, you should have good to excellent credit. If you have paid your debts off, this will help your credit scores, which brings me to my sixth strategy, having the right mortgage. How do you get the right mortgage? First you call EDJ Mortgage & Wealth Strategies. With good to excellent credit, you will get a great interest rate. This will save you tons of money in interest. Another thought about having the right mortgage, you can get a great deal on the purchase price of a property. But if you get the wrong mortgage, this will totally negate the fact that you negotiated a good deal. The seventh strategy is paying off your mortgage early. Ways to pay your mortgage off early are to do bi-weekly payments, or make extra payments towards the principal. If you have been following EDJ's wealth strategies, you can use the extra money that you have to make extra payments towards the principal. Edmond Donte' James is a realtor and mortgage broker that does not want you to be broke because of your mortgage.

Finally, you should acquire real estate. The majority of the successful financial people that I know and read about have real estate in their portfolio. You can either acquire real estate and sell it for a profit or have rental properties. Again, if you have been following EDJ's wealth strategies, you should have good to excellent credit which will allow you to obtain financing to get these properties, and pay them off early.

This is EDJ's philosophy on building wealth. Call EDJ and let me give you that EDJe.