About Us

Wealth Building Methods wants to help middle class families as the bulk of financial advice given to the majority of Americans is no longer current with the struggles families face today, while other advice is benefiting large financial institutions and wealthy individuals. People with wealth do not have to worry about paying for Jackson’s braces, funding Emily’s education or saving for Steve and Laura’s retirement. The wealthy can take risks as they don’t have to worry about their cash flow from week to week or month to month. Wealth Building Methods wants to get back to the basics of financial planning in saving, investing and protecting for the future of middle class families.

Michael SpenceMichael Spence is the president of Wealth Building Methods, LLC. Mike grew up in Iowa City, IA in your typical middle class family as his parents were employed as social workers. His parents divorced when he was 7 and his mother went back to graduate school to become a lawyer. At the age of 15, his mother was diagnosed with colon cancer and passed away a year later. It was at this early age Mike realized how things could have been drastically different for his family if sufficient financial planning did not exist. His mother’s dream of helping her children attend college was fulfilled through a small life insurance policy even though she was not around to witness their graduation.

Mike graduated from the University of Iowa with a degree in Finance and soon after moved to Minneapolis, MN. His work experience has been a mortgage underwriter, an agent assistant for an American Family Insurance agent in Hastings, MN. Mike has also been an independent life insurance agent specializing in mortgage protection and recently has helped a local life settlement firm in downtown Minneapolis, GWG Life. In 2011, Mike wanted to get back to helping local families and set up Wealth Building Methods, LLC with a focus on helping Middle Class families live Debt Free and Truly Wealthy!

How can we help you?

We have developed this unique web site to help you:

  • Find The Money To Reduce Or Eliminate Consumer Debt - Most families need real help to escape the chains of debt, which keeps them living from paycheck to paycheck.
  • Maximize The Amount You Can Invest From Current Income - Families need help to find the money to put into savings.
  • Guarantee The Safety Of Your Investment Principal - With the recent losses in the stock market most families recognize they can't afford to lose any more of their hard earned money. You'll learn how to reap the upside of the stock market, without the downside risks... with safety and guarantees!
  • Minimize Your Income Taxes - Is there any question that income taxes significantly reduce the amount of money available to you for savings!
  • Position Your Money To Provide Current Liquidity - Families need to have access to their money, without early withdrawal penalties, prior to age 59 ½, for college funding, emergencies and other family expenses.
  • Maximize Your Investment Income In Retirement - It's not how much money you've accumulated. It is how much you have to spend.