Wealth Creation Strategies: Retaining Wealth

Wealth creation strategies have been around for decades.  Now that the United States is officially in a recession, wealth retention strategies are becoming very popular.

Entrepreneur recently spotlighted four very successful business owners who are cutting corners, but continue to provide a great service.  Here are some of their top money saving tips:

• Price match.  If you’re shopping for an expensive item or a large quantity of items, shop around. The Internet offers a wealth of information regarding style, brand, options and pricing.  If you find a better deal at one store, most stores will price match to guarantee your business.

• Bundle services.  Most phone companies will offer a better deal if you bundle services with them.  Small business owner, Cortni Marrazzo, found that when she shopped around for phone service, she got the best deal from Vonage which included unlimited local and long-distance calls.

• Finally, if you work from home, consider these cost saving options.  Space heaters, energy efficient light bulbs and faucet aerators are all ways to save a little money.

If you’re feeling the crunch or just want to be practical, these are all ways to retain wealth so you can reinvest in your business.