In a world where most people believe that to become extremely wealthy you either have to work a lot harder or get lucky, us Wealth Builders know that all it comes down to is just contracts and phone calls. That is almost 100% of a Wealth Builders execution.

If a Wealth Builder would like to go a little beyond that in search of profits then building new strategies and public speaking might help but probably not too much for a sophisticated Wealth Builder.

So why does Wealth Building execution come down to contracts and phone calls for a Wealth Builder?

By nature, sophisticated Wealth Building is all about being an absentee owner. It is not smart to operate any asset that you own. Stay away from your assets! That is right. Most advice that you will get out there by so called “experts” will be to keep a close eye on your investments. That is dumb for a Wealth Builder. The key is time. You have a finite amount of time to build wealth for yourself here on earth. If it takes you 6 hours per month on average to personally keep a close eye on each of your assets then you would be limited to controlling somewhere in the ballpark of around 50 investments. The key here is that you are limited. Your empire is frozen and not scalable beyond this point. Instead you need to install the proper infrastructure and systems to keep your assets healthy and growing without your supervision. This is the only way you can scale your empire once it gets to a certain point.

So once you are no longer managing people and operations, what are you doing? You are doing contracts and phone calls. When you are out to build extreme financial wealth, there will always be something that you need to personally do. You might still retain the final say on major mergers, acquisitions, divestitures, IPOs, CEO hirings, etc. This does not mean that you will be doing in-depth work on these things. It means that your workers will do everything and then give you an efficient presentation. All you do is analyze it and say yes or no. You don’t have to be in person to do this either. You can be halfway around the world lying on a beach while accomplishing this. All you need is access to a modern communication medium such as phone, email, or video conferencing. If you are truly a Wealth Builder then anything big enough to require your personal attention is probably going to be better off with the extra information voice provides over text. Also, when negotiating new major deals with people outside of your empire you will want to at least hear their voice. These are the reasons why I say phone. Video or in person meetings are better but sometimes it isn’t possible or is inconvenient.

Also, if you are a smart Wealth Builder and want to play within a modern big business and investment arena then you are going to put everything under contract. Some major deals are going to require your signature so get used to signing regularly. Nothing is tangible until it is backed by the legal system. Details of contracts will need to be hashed out regularly so guess how you will deal with that… on the phone!

So why do almost all “experts” tell people to keep a close eye on their assets? Because it is human nature, the scope of their understanding is limited, and they are not advising Wealth Builders. They are normally advising unsophisticated entrepreneurs and investors. Truly sophisticated investors should operate more like Wealth Builders. Most investors have the knowledge but don’t have the infrastructure to become a Wealth Builder. The truth is that there are very few true Wealth Builders in the entire world. It is the point where smart operation is fundamentally different from every other income class below it. A sophisticated Wealth Builder’s empire virtually operates and grows itself. The only thing you, the Wealth Builder, needs to do is contracts and phone calls.