Wealth Creation Framework: Building wealth is a key milestone in the journey toward achieving total financial freedom.
Building wealth is a key milestone in the journey toward achieving total financial freedom.
It's a well known fact that real worthy wealth creation strategies and services are not readily accessible to the general public within traditional financial networks or even through retail branches of large financial institutions.
Often, these institutions reserve, the knowledgeable personals, advanced wealth management services and personalized strategies for their wealth management divisions, popularly called provide private banking services customised for wealthy individuals.
These private banking services only cater primarily to high-net-worth individuals mailnly on invitation or on qualification of minimum investable amount which is way beyond many.
This create a sense of exclusivity, where only the elite receive tailored advice and access to sophisticated financial products and strategies.
For the average individual, financial advice available through retail branches mainly focus on basic services and products, such as savings accounts, Credit Cards and Personal Loans, GICs, RRSPs and standard investment funds based on suitability.
In contrast, those in the private banking or wealth management sectors might receive bespoke financial planning, tax optimization strategies, and access to exclusive investment opportunities and private fund pools, leveraging of clients own assets to make the money works multiple times that can facilitate significant creation of wealth and growth. While those products and services works for everyone, irrespective of the amount of money available to invest.
This division reinforces the need for greater transparency and accessibility in wealth-building knowledge and practices. There is potential to democratize financial literacy and empower more individuals to access the tools and knowledge necessary to increase their wealth. That is what I am determined to do for the remainder of my life in helping Canadians better understand how to protect, grow and maintain their wealth that are typically reserved for the affluent.
Read this article to learn more about our origin story and why we started the mentoring program.
Many view the current education system as designed primarily to produce individuals who can function well within existing corporate structures, often focusing on skills that benefit large institutions rather than personal wealth accumulation. This perception leads to the belief that even advanced financial education, such as an MBA in finance, often prioritizes corporate success over individual financial growth.
Indeed, the fundamentals of personal wealth creation—such as investing wisely, understanding and reducing personal taxation, and diversifying income streams—are not always covered in depth in formal education settings. Instead, they might be viewed as insights accessible only through personal research or guidance from financial advisors.
This knowledge gap can result in surprise among professionals and executives who are expert in their field of study and professions, when they discover that very simple yet very powerful financial fundamentals and strategies can significantly impact personal wealth.
Transforming personal finance to focus more on individual wealth building could empower more Canadians to achieve financial independence and freedom. This shift would involve emphasizing practical financial wisdom, encouraging entrepreneurial thinking, and mentoring on saving and investment strategies aimed at individual benefits, not just corporate profits.
However, it's also worth noting that resources for learning about wealth creation are more accessible than ever, thanks to online platforms, books, podcasts, and courses. Empowering oneself with this knowledge requires seeking out these resources from the right source and learning to apply financial principles personally.
Wealth Can only be created and not earned.
The Myth of Earning Your Way to Wealth: Why Income Alone Doesn't Guarantee Financial Freedom
Many Canadians believe that if they can earn enough money, they can achieve financial freedom and wealth.
This myth suggests that increasing your income is the key to unlocking a prosperous and secure future. While earning more money can certainly provide more resources and opportunities for savings as well as investments, it's not the sole factor that leads to financial freedom.
In fact, focusing solely on earning a high income can sometimes overshadow other essential elements needed to build lasting wealth and achieve financial freedom.
As a person ages, their ability to generate active income typically decreases, so there is a growing dependency on passive income—income produced by assets and investment growth—without having to actively work.
The article titled "20 Celebrities Who Died Broke" from 247WallSt highlights the stark reality that earnings a lot of money alone do not guarantee financial stability or wealth in the long run.
It details the stories of well-known figures like The King of Pop Michael Jackson, who made money like a god, reportedly was $500 million in debt and estate bankrupt at the time of death in 2009.
While another celebrity, Whitney Houston, one of the best selling female singers of all time — was millions in debt when she drowned in a hotel bathtub at the age of 48.
Many people, despite earning well and having enjoyed significant success and financial prosperity during their lifetimes, faced severe financial struggles later on, often leaving them with little to no money upon their passing.
This reflects broader issues regarding wealth creation and management, emphasizing that financial literacy is crucial in creation and safeguarding one’s wealth and the legacy.
What Is Wealth Creation and what are the steps?
Wealth creation is the systematic process of growing your assets and investments over time, using the power of compounding and strategic investments that allow you to protect and keep the growth in the most tax efficient manner irrespective of economy and market conditions.
While income is important to get started in wealth creation process,the true wealth is built over long time through investment in assets that appreciate and generate passive income streams—allowing you to earn money even when you’re not actively working in later years of life, which is the true meaning of total financial freedom.
This Wealth Creation step in the Hexavisionary Framework focuses on investing wisely across a diversified portfolio, understanding the best vehicles for long-term growth with tax efficiency, and adopting a strategy that not only creates wealth but also protects it...
Wealth creation doesn’t happen in isolation—it’s built on a solid foundation of the four preceding steps in the Hexavisionary Framework.
Imagine you and I are novice bakers, entering a high-stakes cake-baking competition.
We're handed the finest ingredients known to culinary experts—velvety chocolate, farm-fresh eggs, pure vanilla extract—and the latest state-of-the-art baking equipment. We have everything needed for success, except for one crucial element: the recipe.
As the competition heats up, those of us without the step-by-step guidance find ourselves guessing. Should we preheat the oven? How much baking soda is required? Lacking these vital instructions, we watch as our cakes turn out undercooked or flat, while those with the recipe effortlessly produce perfect confections.
This above scenario illustrates a fundamental truth about wealth creation: having resources isn't enough without the knowledge of how to utilize them effectively. The basic principles of money apply universally, but without a comprehensive guide or recipe for financial success, many individuals find themselves at a disadvantage.
Like baking, wealth creation requires understanding the process—an understanding that's not always readily available to everyone. That is why you need a mentor that has your best interest at heart to help you navigate through the unknown territory just like a GPS.
The Essential steps before saving and investing any money for long term goals
Planning for early and wealthy retirement or achieving total financial freedom are not something that can be achieved in a short time.
It require strategic approach and long term planning. That why you need a proven framework, and step by step methodology along with the body of knowledge to get the desired outcome.
Following a proper sequence in financial planning is vital to achieving lasting wealth. Each step lays the groundwork for the next, and skipping any could jeopardize your overall financial success, much like omitting a step in a recipe can ruin a dish. .
Laying a solid foundation is crucial before saving and investing money for long-term wealth creation. Many people I have met and later mentored initially struggled in their financial journey not because they didn't take the right actions, but because they didn't do them in the proper sequence.
It's the sequence, like a recipe, that turns a dish into a gourmet meal. Here are the steps to achieving financial freedom.
The Six Sequential Steps to Financial Freedom
With our Six Steps to Total Financial Freedom mentorship program, you embark on a journey towards achieving financial security and independence.
Each step is designed to address a crucial aspect of your financial health, providing a holistic approach to wealth building and management.
At Hexavision, we are committed to mentor you every step of the way, ensuring that you are able to make empowered decisions to achieve your financial dreams and live a fulfilling, worry-free life that you deserve.
Step-1 | Financial Flow and Tax Mastery
Master your cash flow and optimize your tax strategy to maximize your income and minimize tax liabilities.
Achieving financial success begins with mastering your financial flow and tax strategies. This step involves creating a detailed budget, understanding your income sources, and optimizing your tax efficiency.
By carefully managing your cash flow and minimizing tax liabilities, you ensure that more of your hard-earned money stays with you. Our experts guide you through personalized strategies to streamline your finances, maximizing your wealth potential. Read the knowledge base article on What is Financial Flow and Tax Mastery, and why should it be the first step?
Step-2 | Debt Harmony Tactics
Achieving debt harmony paves the way for financial stability by eliminating bad debt & embrace good debt.
Debt can be a significant hurdle to financial freedom if not managed properly. Our Debt Harmony Tactics focus on consolidating and managing your debts efficiently. We help you understand the difference between good and bad debt, and create a repayment plan that prioritizes high-interest liabilities. By harmonizing your debt repayment strategies, you can reduce financial stress and free up resources for wealth-building opportunities by eliminating bad debts and embracing good debt that generate income for you. Read the knowledge base article on Mastering Debt Harmony Tactics : Achieving Financial Freedom Through Debt Management in Canada
Step-3 | Guardianship of Assets
Ensuring your valuable assets are guarded provides peace of mind and long-term security.
Protecting your accumulated assets as well as ability to continue to accumulate is crucial to achieving financial security. This step involves safeguarding your income, your accumulated investments, real estate properties, and other valuable assets from potential risks. Our Guardianship of Assets strategies include insurance planning, legal protections, and risk management techniques. We ensure that your income and assets are well-protected, allowing you to focus on growing your wealth without undue worry. Read the knowledge base article on Guardianship of Assets: Safeguarding financial vitality for Canadians
Step-4 | Resilient Reserve Funds
Building reserves funds ensures you are prepared for to grab the sudden opportunities and cushion against life's uncertainties.
Life is full of opportunities and unpredictable events, and having a financial safety net is essential. Resilient Reserve Funds ensures that you ae prepared to grab sudden opportunities and buffered against unexpected expenses and economic downturns. We help you establish and maintain an reserve fund that covers at least three to six months of living expenses. Additionally, we provide strategies for creating liquid reserves that can be accessed quickly in times of need, ensuring that you remain financially resilient in any situation.Read the knowledge base article on Resilient Reserve Fund: To Capture Opportunities and Emergency Fund
Step-5 | Wealth Creation Framework
Focuses on growing your wealth by implementing proven framework, Body of Knowledge and mentorship for achieving Total Financial Freedom.
Building lasting wealth requires a strategic and disciplined approach. Our Wealth Creation Framework combines modern investment techniques with time-tested principles to help you grow your wealth. We guide you through diversified assets and investment portfolios, real estate opportunities, and entrepreneurial ventures. By aligning your investments with your financial goals and risk tolerance, we help you achieve sustained wealth growth over time. You are reading the knowledge article on wealth creation framework.
Step-6 | Legacy Fortress Planning
Ensures your financial achievements benefit those you care about the most by passing on your wealth to future generations.
Ensuring that your wealth benefits future generations is the final step to achieving Total Financial Freedom. Legacy Fortress Planning involves creating a comprehensive Estate Plan that addresses wills, trusts, and succession planning and estate tax. Our experts work with you to develop a strategy that preserves your wealth and supports your loved ones. By building a strong financial legacy, you leave a lasting impact and provide for those you care about most.
Wealth creation isn’t just about earning and saving more—it’s about leveraging your available investable assets, making informed investment choices, and using time and compound interest to your advantage along with paying the right amount of tax.
It’s also about making sure your money works as hard as you do, growing efficiently with minimal risk to your hard-earned capital. In this step, we’ll explore how to build wealth using proven strategies while minimizing losses and maximizing growth.
Building lasting wealth requires a strategic and disciplined approach. Our Wealth Creation Framework combines modern investment techniques with time-tested principles to help you grow your wealth.
We mentor and guide you through how to diversify assets and investment portfolios, real estate opportunities, and entrepreneurial ventures. By aligning your investments with your financial goals and risk tolerance, we help you achieve sustained wealth growth over time.
Creating wealth involves smart investing and strategic planning. This step focuses on developing a diversified investment portfolio, understanding market trends, and leveraging growth opportunities.
By following our Wealth Creation Framework, you can build and grow your wealth systematically and keep the growth.
Conclusion
The Wealth Creation step of the Hexavisionary Framework is about more than just accumulating money; it’s about strategically growing and protecting your wealth to achieve long-term financial freedom in simple words tax efficient passive income for life a life time. By leveraging the power of compounding, diversifying your investments, and building passive income streams, you can create sustainable wealth that not only supports your lifestyle but also leaves a legacy for future generations. With the right guidance and strategies, wealth creation becomes a tool for achieving financial independence, security, and generational prosperity.
Quick recap of your Total Financial Freedom Journey:
Keep More of What You Earn
Pay Only The Right Amount of Tax
Multiply Your Wealth With Uninterrupting Compounding
Never Lose Your Principal Invested
Work with a Mentor who has your best interest at heart
If you have any questions that need answered regarding your unique situation you can consult with us at no cost to you. Click here to book a 30 minute video meeting
Here are a few options for your next step:
- Explore more content on financial independence by checking out our timeless financial wisdom knowledge base Here or Blog Posts Here
- If you are ready to change the financial outcome and learn more about what we discussed here than Sign up for our upcoming webinar on retirement planning and financial freedom by following this link below and choose which master class is most suitable for your current situation. Every single person we have mentored started by attending our master class.
Explore Our Masterclasses to Secure Your financial future and Build Inter-Generational Wealth.
The future is yours to shape. Start today with Hexavision—because your financial freedom isn’t just a possibility, it's a plan.
We are here to help you achieve the following
- Financial freedom strategies for Canadians
- Provide a no cost personalised Roadmap to financial independence
- Holistic financial planning for Canadian Executives and Professionals
- Building generational wealth for financially secure future
- Passive income strategies for professionals and Business Owners
- Tax and Wealth conservation for executives
- Mentorship to help you Achieve early retirement in Canada
Request a consultation to receive personalized advice from one of our experienced licensed financial Professional here.
