10 Ways To Build Wealth
1. Understand Wealth Is Earned Not Given
Being wealthy is easier then you think but also harder then having a job or anything like that. You have to understand this before starting your journey to being wealthy.
Don’t over think the journey to wealth because you will end up feeling overwhelmed
But know that wealth is not given its earned through your actions and decisions you make with your money on a daily basis.
2. Find ways to Earn More Money
Just having a 9-5 is not going to make you wealthy. You need to find another source of income that will pay you while your busy earning a living.
3. Cut down on spending frivolously
This is a must if your going to be wealthy. Real wealth is built over time. If you can’t control your spending you will never be financially free.
4. Save on a consistent bases.
Saving your money is another skill you need to learn. I say skill because people of all walks of life struggle with this. Even millionaires struggle with saving.
5. Put Your Money To Work
If your money is not working for you then your wasting your time having your money in a savings account.
There a multiple ways to make your money work for you. You can buy dividend stocks, real estate, angel invest, provide loans with high interest rates. The list can go on and on.
6. Marry A Good Spouse
They say happy spouse equals a happy house. This is true and if you don’t have a spouse that supports your journey to becoming wealthy then 9 times out of 10 you will either be miserable in your pursuit of wealth or you won’t achieve it.
7. Have Insurance
I know it sucks but insurance is needed. It’s a must have. We all know things can change in a flash and that change put you on a road to disaster if your not insured.
8. Keep people around that inspire you
Inspiration is needed at every level of your financial goals. Not just the start. You need people around you that are either at your financial goals or are following the path your creating.
9. Find Ways To Decrease Your Taxes
You don’t want to over pay in taxes because this is a easy way to deplete your wealth and income. Get you a good accountant that specializes in finding ways you can legal decrease your taxes.
10. Learn to keep pushing
This journey to wealth is not for the weak minded. Their is going to be timed when you want to give up and give in to not pushing forward. Usually this is where the magic happens. Success will come.
Thanks for watching.
It’s the man the myth
The wealthbuilder
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My 10 Ways Wealth Is Built.
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