My Business Magazine July (2005)
Creating wealth through your business and investments is only the first step of your financial planning strategy. Once you have created the wealth you need to structure your financial affairs so that your wealth is protected. Barriers in the form of business practices and structures, need to be implemented to protect your wealth from risk. There are six ‘barriers’ you can use; owning nothing, quarantining your assets, identifying appropriate structures, creating the ideal structure, having adequate insurance and legal protections. All of these measures help protect your wealth over the long term.