If you are successful in your career, chances are you will earn more and more income through the years.  And if you are also diligent in tracking your financial well-being, then it is likely you will begin to accumulate wealth in some fashion or another.  Indeed, one of the typical goals of both furthering one’s career and tracking one’s finances properly is to do just that – accumulate wealth.

If you do accumulate wealth through your own efforts or acquire it in some other legal manner, your financial tracking job just got far more complicated, at least if you desire to keep and grow that wealth.  You now have two new jobs that you didn’t have before.  The first job is deciding just where to put that wealth and the second is tracking and evaluating its performance once you do place it.

To many people this process may seem very easy, but I am here to tell you that it is often much more difficult than accumulating the wealth in the first place.  Continue reading →