{"id":105044,"date":"2022-01-20T08:02:35","date_gmt":"2022-01-20T13:02:35","guid":{"rendered":"https:\/\/canadianbudgetbinder.com\/?p=105044"},"modified":"2024-12-21T05:53:54","modified_gmt":"2024-12-21T05:53:54","slug":"our-wealth-building-strategies-2021-final-net-worth-1-16","status":"publish","type":"post","link":"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/2022\/01\/20\/our-wealth-building-strategies-2021-final-net-worth-1-16\/","title":{"rendered":"Our Wealth-Building Strategies: 2021 Final Net Worth (+1.16%)"},"content":{"rendered":"\n<p>When we began tracking our budget and net worth updates, we didn&#8217;t give much thought to <strong>wealth-building strategies. <\/strong><\/p>\n\n\n\n<p>There was nothing more than <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2020\/02\/06\/how-to-effectively-track-and-budget-travel-expenses-free-printable\/\">using a budget to track our expenses <\/a><\/strong>and pay off any debt we owed. <\/p>\n\n\n\n<p>Even today, now that <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2020\/10\/27\/how-we-live-the-simple-life-in-our-40s-sept-2020-net-worth-update-1-27\/\">we are debt-free in our 40&#8217;s<\/a><\/strong>, our wealth-building strategies continue to be fairly simple. <\/p>\n\n\n\n<p><strong>Why do you ask? <\/strong><\/p>\n\n\n\n<p>Life is too short of stashing all of your money away for a rainy day without enjoying it. <\/p>\n\n\n\n<p>We think differently, although we continue what wealth-building strategies we&#8217;ve incorporated over the past ten years. <\/p>\n\n\n\n<p>Today, I have our <strong>final December 2021 Net Worth Update <\/strong>and let&#8217;s chat about why things have changed for us. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Stash, Invest And Increase Wealth <\/h2>\n\n\n\n<p>At the start of our wealth-building strategies, we created a financial plan that included having a large retirement savings fund. <\/p>\n\n\n\n<p>We were very frugal and did anything to save money on anything we needed to purchase. <\/p>\n\n\n\n<p>Since we have no debt, we are open to spending a bit more money on ourselves.<\/p>\n\n\n\n<p>We still don&#8217;t go out to eat, but if we want to buy a nice cut of steak, we will. <\/p>\n\n\n\n<p>Our mindset has moved over to thinking simple while building wealth which our son will likely benefit from. <\/p>\n\n\n\n<p>From there, we maxed out our <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2017\/07\/06\/invest-rrsp-tfsa-non-registered-account-2\/\">RRSP, TFSA and non-registered investments<\/a><\/strong>. Plus, I have a defined benefits package at work. <\/p>\n\n\n\n<p>Even our life insurance policy works for us, and we bought our son&#8217;s life insurance. <\/p>\n\n\n\n<p>Once we pay for this for the next ten years, he&#8217;ll never need it ever again because he&#8217;s covered.<\/p>\n\n\n\n<p>Lastly, he will have Canadian Budget Binder to run if he wants to, or he can sell his choice. <\/p>\n\n\n\n<p>There&#8217;s been so much forward-thinking and planning about retirement, death or illness in 2021.<\/p>\n\n\n\n<p>Then, someone dies in the family, and another is waiting to die. <\/p>\n\n\n\n<p>You can&#8217;t unsee these things, and they weigh heavily on your heart and mind. <\/p>\n\n\n\n<p>We thought either we were getting old and settling, or we were just tired. Probably both, lol. <\/p>\n\n\n\n<p>The big question is, how much money do we really need for retirement? <\/p>\n\n\n\n<p>Do we want to travel? Maybe if we are healthy. <\/p>\n\n\n\n<p>For now, we continue to utilize simple wealth-building strategies and save just in case we need it. <\/p>\n\n\n\n<p>You never know what will happen, and we&#8217;re also going to start saving for our death expenses. <\/p>\n\n\n\n<p>Although we both have life insurance, you never know what you&#8217;ll die from and whether your policy will cover it. <\/p>\n\n\n\n<p>For the most part, everything is covered from getting hit by a bus to dying of natural causes.<\/p>\n\n\n\n<p>I&#8217;ll be writing a blog post about that, and it will be incorporated into our <strong><a href=\"https:\/\/canadianbudgetbinder.com\/2021\/09\/09\/how-to-document-miscellaneous-expenses-august-2021-budget-update\/\">projected expenses <\/a><\/strong>each month. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Our 11 Solid Ways To Build Wealth <\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Budget<\/strong><\/li>\n\n\n\n<li><strong>Pay Off Debt<\/strong><\/li>\n\n\n\n<li><strong>Stop Creating Debt <\/strong><\/li>\n\n\n\n<li><strong>Track Our Money <\/strong><\/li>\n\n\n\n<li><strong>Plan Ahead For The Future <\/strong><\/li>\n\n\n\n<li><strong>Invest Our Money <\/strong><\/li>\n\n\n\n<li><strong>Think Second-Hand<\/strong><\/li>\n\n\n\n<li><strong>Be Frugal <\/strong><\/li>\n\n\n\n<li><strong>Negotiate Whenever We Can <\/strong><\/li>\n\n\n\n<li><strong>Repurpose <\/strong><\/li>\n\n\n\n<li><strong>Financial Education <\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Your Purpose Is Different From Everyone Else<\/h2>\n\n\n\n<p>I&#8217;ve never taken advice from a blogger who is not successful in all that they do. I&#8217;m not sure I&#8217;d want to take money advice from someone who went bankrupt or has so much debt they are swimming in it. <\/p>\n\n\n\n<p>That&#8217;s my personal opinion about financial education and the internet. Everyone&#8217;s out to make a buck, and I know of some greedy bloggers who I wouldn&#8217;t even trust.  <\/p>\n\n\n\n<p>I don&#8217;t expect anyone to take what I say as the holy grail but believe me when I say you can build wealth.<\/p>\n\n\n\n<p>Your wealth ideals may differ from mine or the next person, but all that matters is yours. <\/p>\n\n\n\n<p>For example, you may want to rent for the rest of your life, and someone else would rather own a home. <\/p>\n\n\n\n<p>Both of you want to be debt-free and live a happy, fruitful life into retirement and the world over. <\/p>\n\n\n\n<p>There&#8217;s nothing wrong with that at all; often, it has more about where you came from and where you&#8217;ve brought yourself. <\/p>\n\n\n\n<p>Have you ever heard of breaking the financial cycle and doing better than your parents? <\/p>\n\n\n\n<p>I&#8217;m sure many of you reading this have either done so or are following in their steps.<\/p>\n\n\n\n<p>If you&#8217;re not where you want to be, YOU have to make that choice for financial freedom. <\/p>\n\n\n\n<p>Always remember, no one cares about your money more than you do. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Wealth Building Strategies To Explore<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2019\/09\/10\/6-money-saving-strategies-that-help-us-build-wealth\/\">6 Money Building Strategies To Build Wealth <\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2019\/06\/20\/how-to-start-building-wealth\/\">How To Start Building Wealth In Your 30&#8217;s and 40&#8217;s <\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2017\/05\/25\/build-wealth-without-earning-big-bucks\/\">Building Wealth Without Earning Big Bucks <\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2016\/11\/03\/building-wealth-starts-when-you-stop-making-poor-financial-decisions\/\">Wealth Building Starts When You Stop Making Poor Financial Decisions <\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2019\/06\/20\/how-to-start-building-wealth\/\">Simple Steps That Helped Us Increase Wealth In Our 40&#8217;s<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2020\/05\/21\/creating-wealth-from-zero-using-simple-financial-principles\/\">Creating Wealth From Zero Using Simple Financial Principles <\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2019\/08\/06\/5-ways-the-wealthiest-people-become-rich\/\">5 Ways The Wealthiest People Get Rich <\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2018\/03\/15\/wealth-strategies-think-rich\/\">10 Wealth Strategies To Train Your Brain <\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2018\/01\/06\/examples-wealth-mindset\/\">5 Examples Of A Wealth Mindset <\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2014\/12\/11\/would-you-put-your-wealth-plan-on-hold-for-the-kids\/\">Would You Put Your Wealth Plan On Hold For Your Kids? <\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<p>As you can see, there are many blog posts I&#8217;ve written over the last ten years about wealth building. <\/p>\n\n\n\n<p>If you&#8217;re serious about crushing debt and getting into the positive, educate and get moving. <\/p>\n\n\n\n<p><strong>Discussion: What are some of your wealth-building strategies? Please leave me your comments below. <\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Final 2021 Net Worth Update Numbers <\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"490\" src=\"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/Actual-Net-Worth-plotted-against-2021-720x490-1.webp\" alt=\"Actual Net Worth Plotted Against 2022 Canadian Budget Binder\" class=\"wp-image-141263\" srcset=\"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/Actual-Net-Worth-plotted-against-2021-720x490-1.webp 720w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/Actual-Net-Worth-plotted-against-2021-720x490-1-300x204.webp 300w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/Actual-Net-Worth-plotted-against-2021-720x490-1-617x420.webp 617w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/Actual-Net-Worth-plotted-against-2021-720x490-1-150x102.webp 150w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/Actual-Net-Worth-plotted-against-2021-720x490-1-696x474.webp 696w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><figcaption class=\"wp-element-caption\"><strong>Actual Net Worth Plotted Against 2022<\/strong><\/figcaption><\/figure>\n\n\n\n<p>The red line depicts where we should be in terms of net worth at this time based on the historical data from the past ten years. <\/p>\n\n\n\n<p>In March 2020, when Covid-19 hit, we took a large dip in our investments as most people did. <\/p>\n\n\n\n<p>Then it slowly began to increase, and now we are ahead of where we thought we would be by about a year. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"> Net Worth Increases And Decreases 2021 <\/h2>\n\n\n\n<p>Understanding your net worth will help you determine if you are on track meeting or beating your personal financial goals.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"394\" src=\"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/December-2021-Preceding-12-Months-Net-Worth-720x394-1.webp\" alt=\"2021 Net Worth Update Canadian Budget Binder\" class=\"wp-image-141265\" style=\"width:845px;height:462px\" srcset=\"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/December-2021-Preceding-12-Months-Net-Worth-720x394-1.webp 720w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/December-2021-Preceding-12-Months-Net-Worth-720x394-1-300x164.webp 300w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/December-2021-Preceding-12-Months-Net-Worth-720x394-1-150x82.webp 150w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/December-2021-Preceding-12-Months-Net-Worth-720x394-1-696x381.webp 696w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><figcaption class=\"wp-element-caption\"><strong>2021 Net Worth Update Canadian Budget Binder<\/strong><\/figcaption><\/figure>\n\n\n\n<p>The chart above reflects our net worth increases and decreases throughout 2021.<\/p>\n\n\n\n<p>Our net worth had been on a steady incline until April and again in September when it dipped because of the markets.<\/p>\n\n\n\n<p>The financial dip that we had was corrected from May to August.<\/p>\n\n\n\n<p>We started <strong>December 202<\/strong>0 at <strong>$1,359,582,46 <\/strong>and ended at <strong>$1,435<\/strong>,<strong>963.44<\/strong> with an increase of <strong>$76,380.98.<\/strong><\/p>\n\n\n\n<p>With the 2021-current increase in housing prices, our net Worth would increase by approximately&nbsp;<strong>$1 million if we sold our house<\/strong>. <\/p>\n\n\n\n<p>We won&#8217;t be selling our house any time soon, so that extra one million dollars is just dust in the air, for now. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Should You Add Your Home Into Net Worth?<\/h2>\n\n\n\n<p>We bought our home for&nbsp;<strong>$265,000 in 2009&nbsp;<\/strong>and have done one increase to&nbsp;<strong>$345,000&nbsp;<\/strong>for our net worth.<\/p>\n\n\n\n<p>I stopped there because I questioned whether it made sense to add it to our net worth.<\/p>\n\n\n\n<p>Housing data, in my opinion, is irrelevant unless you are downsizing into cheaper accommodations.<\/p>\n\n\n\n<p>Moving into an apartment, condo, or a cheaper home in a smaller city would accurately increase our net worth.<\/p>\n\n\n\n<p>For example, our neighbour sold her home and bought a new trailer home in Grand Bend for&nbsp;<strong>$200,000<\/strong>.<\/p>\n\n\n\n<p>Had she sold her big-city house for near one million dollars, she would have walked away with an extra <strong>$300,000.<\/strong> <\/p>\n\n\n\n<p>She was a hoarder and sold the house for cash to companies who would buy and resell a house. <\/p>\n\n\n\n<p>Often we look at the big picture and then&nbsp;<strong><a href=\"https:\/\/canadianbudgetbinder.com\/2020\/11\/19\/should-you-include-your-home-value-as-retirement-capital-october-net-worth-update-1-32\/\">remove the house,&nbsp;<\/a><\/strong>so we see more of an accurate number.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Determining Your Net Worth<\/h2>\n\n\n\n<p><strong>Do you know how to calculate your Net Worth?<\/strong><\/p>\n\n\n\n<p>Net Worth adds<strong>&nbsp;up your assets<\/strong>&nbsp;(what you own) and then&nbsp;<strong>removes your liabilities<\/strong>&nbsp;(what you owe), giving you a net worth number.<\/p>\n\n\n\n<p>Net Worth is&nbsp;<em><strong>only an estimate<\/strong>,<\/em>&nbsp;and not everyone uses the same type of figures to tally it up.<\/p>\n\n\n\n<p><a href=\"https:\/\/canadianbudgetbinder.com\/2012\/05\/02\/how-we-calculate-our-net-worthnow-calculate-yours\/\"><strong>How to Determine Net Worth?<\/strong><\/a><\/p>\n\n\n\n<p><strong>Net Worth = Assets \u2013 Liabilities<\/strong><\/p>\n\n\n\n<p>Calculate your own using our Free Money saving Tool&nbsp;<a href=\"http:\/\/canadianbudgetbinder.files.wordpress.com\/2012\/03\/networth-calculator-canadian-budget-binder-2012.xlsx\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Net worth Calculator (Canadian Budget Binder 2012)<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">CBB Net Worth Losses And Gains Final 2021<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"673\" height=\"243\" src=\"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/December-2021-Net-Worth-Losses-and-Gains.webp\" alt=\"December 2021 Net Worth Update Losses and Gains \" class=\"wp-image-141264\" style=\"aspect-ratio:2.7738515901060072;width:779px;height:auto\" srcset=\"https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/December-2021-Net-Worth-Losses-and-Gains.webp 673w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/December-2021-Net-Worth-Losses-and-Gains-300x108.webp 300w, https:\/\/digitalskyweb.co\/canadianbudgetbinder.com\/wp-content\/uploads\/2022\/01\/December-2021-Net-Worth-Losses-and-Gains-150x54.webp 150w\" sizes=\"auto, (max-width: 673px) 100vw, 673px\" \/><figcaption class=\"wp-element-caption\"><strong>December 2021 Net Worth Update Losses and Gains <\/strong><\/figcaption><\/figure>\n\n\n\n<p>Like most Canadians, December seems a busy month of buying gifts and groceries for the holidays. <\/p>\n\n\n\n<p>We were no exception since we were hosting Christmas Eve and Christmas day. <\/p>\n\n\n\n<p><a style=\"\" href=\"https:\/\/canadianbudgetbinder.com\/2018\/12\/11\/4-million-pc-optimum-points\/\">PC Optimum points <\/a>and spending over on groceries cost us more than anticipated with our Christmas projected expenses. <\/p>\n\n\n\n<p>Overall, we&#8217;re happy we save for Christmas every month, so it&#8217;s not a massive hit to our net worth savings. <\/p>\n\n\n\n<p>Also, rewards points are awesome to spend if you collect them year-round. I believe we paid $70 for our son&#8217;s new X-Box at Shoppers Drug Mart. <\/p>\n\n\n\n<p>For next month&#8217;s net worth update, I&#8217;ll reduce the cost of our truck as it has likely depreciated to reflect accurate information. <\/p>\n\n\n\n<p>Other than that, you can read our <strong><a href=\"https:\/\/canadianbudgetbinder.com\/free-tools\/monthly-budgets-budget-highlights\/\">December budget <\/a><\/strong>for more information on what changes we plan for 2022. <\/p>\n\n\n\n<p>Our December net worth increase was <strong>$16,505.31<\/strong> or  1.16%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Earn It, Save It, Invest It, Build It<\/strong><\/h2>\n\n\n\n<p>Remember,&nbsp;<strong>\u201cIt\u2019s not about how much money you make; it\u2019s<\/strong>&nbsp;<strong>how you save it<\/strong>.\u201d<\/p>\n\n\n\n<p>People accumulate wealth because&nbsp;<em><strong>they know how to save or invest&nbsp;<\/strong><\/em>their money.<\/p>\n\n\n\n<p>The most negligible improvements should mean significant strides in working towards your goals.<\/p>\n\n\n\n<p>Be optimistic, and little by little with determination, you too should see financial improvements.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Canadian Budget Binder Net Worth Updates 2021<\/strong><\/h2>\n\n\n\n<p>Click the links below to read our <strong>net worth updates for 2021.<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2021\/01\/21\/how-starting-over-financially-is-your-essential-service-2020-year-end-net-worth-update\/\">January Net Worth 2021<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2021\/03\/18\/costs-of-having-to-begin-again-after-a-break-up-feb-2021-net-worth\/\">February Net Worth 2021<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2021\/04\/22\/overspending-causes-and-simple-solutions-march-2021-net-worth\/\">March Net Worth 2021<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2021\/05\/20\/retirement-goals-to-consider-before-you-retire-april-net-worth-2021\/\">April Net Worth 2021<\/a><\/strong><\/li>\n\n\n\n<li><strong>May \u2013 Oops I forgot to post this one.<\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2021\/07\/22\/how-our-money-mindset-shifted-june-2021-net-worth-update-1-49\/\">June Net Worth 2021<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2021\/08\/26\/money-talk-and-how-to-let-fear-go-net-worth-update-july-2021-1-01\/\">July Net Worth 2021<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2021\/09\/16\/staying-debt-free-is-our-priority-net-worth-update-aug-2021-1-81\/\">August Net Worth 2021<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2021\/10\/21\/how-to-stop-pretending-youre-financially-stable-sept-2021-1-70\/\">September Net Worth 2021<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2020\/11\/19\/should-you-include-your-home-value-as-retirement-capital-october-net-worth-update-1-32\/\" target=\"_blank\" rel=\"noreferrer noopener\">October Net Worth 2021<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/canadianbudgetbinder.com\/2021\/12\/16\/sneaky-santa-left-us-with-the-bill-nov-2021-net-worth-0-50\/\">November Net Worth 2021<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<p>That\u2019s all for this month\u2019s net worth update, but please check&nbsp;<strong>back in February 2022&nbsp;<\/strong>to see how we made out In January 2022 with our financial portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the last ten years we&#8217;ve both realized the importance of our wealth building strategies which we continue to 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