Prairie Village, KS—Dennis Comstock, a successful internet entrepreneur and online marketing expert is also a consultant for Wealth Masters International (WMI). His mission is to help others to achieve wealth and success, one person at a time. “Success is a matter of personal choice,” said Comstock. “Regardless of your personal situation, regardless of conditions around you, if you want to be successful, you can be. It’s just a matter of knowing how to go about it.”
One of Comstock’s pet peeves when it comes to wealth creation and wealth preservation is the educational curriculum—really the lack thereof—taught by our schools and universities. Unless a person is enrolled specifically in a financially oriented course of study, their overall knowledge of money and how to manage it is probably very limited. “Most people have never had any formal financial training,” said Comstock. “We tend to learn about money from people who really aren’t qualified to be teaching us about it. If your money mentor is only marginally successful, you should probably be looking elsewhere for advice.”
According to Comstock, even during recessionary times it’s possible to create massive wealth. In fact, history shows that during a recession, more millionaires are created than during any other time in the economic cycle. “Knowledge and information are the key,” says Comstock. “In an economic downturn, tremendous amounts of wealth are changing hands daily. Businesses and individuals who are being squeezed by financial pressures tend to unload assets at or below intrinsic value. If you know how to spot these opportunities—
Before a person sets about to start making money though, Comstock advises that they should get their financial house in order, and to create a solid foundation for growth. “Many people can’t even get the investment ball rolling because they have fundamental issues and unresolved problems in their financial picture. You need to correct these open items before serious wealth creation really begins,” he said.
And according to Comstock, that’s where a financial education comes into play, because even if people know they have problems, they often don’t know what to do about them. “Knowledge is power,” said Comstock. “And when it comes to investing, power equals wealth.”
