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Instead, spend your time learning how to build wealth, which requires you to make an investing plan and adopt a long-term mindset.
Building wealth starts with making a financial plan. That means taking the time to identify your goals and game out how you can accomplish them.
“Building wealth begins with a vision and a plan,” says Peter Cassciotta, owner of Asset Management and Advisory Services of Lee County.
The easiest thing on planet earth is to make plan, and it's another thing putting them into practice. It's hard to abide with your personal rules sometimes and it's difficult to take actions on them. Let's say making a good decision about a personal or certain thing is really hard and they're also difficult to fellow. Many times we drew out our plans on how to get or generate a steady income on a regular/daily basis but we won't be able to achieve our goals. There was a time I deposited 10$ into my spot account on binance thinking this would turns out at-least a thousand of dollars, fortunate enough i got it up to 46$ the next day i was happy and even planing to deposit more funds into my account but few hours later I discovered my asset is back to 40$, before i know what was happening my asset was around 2$. From 46$ to 2$. Many times we make plans but we won't be able to achieve our goals. My goal was a thousand dollar but ended up with 2$, -8$ went off. There's always a way out when you found yourself in any kind of mess. moreover,you should expect negative result sometimes.
Wealth generation takes time and requires a-lot of patience. But i can say it's easy to become a billionaire now compare to our forefather's generation(how??). We do have access to internet, we can learn thousands of skills there, we can invest with any company there and alot more. You're reading this article because you have access to internet, do you know you can eventually create a facebook page, drive traffic there and advertise your product? Yes you can!.. We'd discuss about that in our upcoming content.
There was a day I search "how to build wealth" on google, google brought out this👇🏼
I read through the whole article and couldn't find "how to make a steady income" how on earth would you generate wealth without multiples of income. I'm not condemning the content though but I'm only saying they only have tools or ideas that you can make use of when you already have sources of income. How can one generate/build wealth?
FOCUS ON IMPROVING YOURSELF
Self-improvement should always be a big goal for you. Follow the opportunities that come your way and acquire as many skills and knowledge as you can. You never know where this will lead you!
While taking a class on marketing, you might be able to network with an employer for a higher-paid position. Or maybe those Spanish lessons you took will help you advance in your current role. Never stop learning, and always work toward accomplishing your goals.
That said, improving yourself should lead to both personal and professional development And that means more money in your pocket.
WORK ON YOUR INCOME
After you've improved yourself the next thing you should work on is your income. You can only manage what you got already not what you're imagining of!.... They're fabulous of things you can do to improve your daily income but I'll only say one-fours ways you can improve your income in today's world(that's the main purpose why you're here)! I'll discuss this in the next paragraph. Working on your income is the second phase in building a wealth in today's world.
Why you need to work on your income?----Like i said earlier you can only manage what you got not what you don't have access to! Building wealth requires daily income, elon musk is the richest man in the world with almost $300,000billion of net worth. There was a time he bought 9.2% twitter's share at $2.4b, he made alot of profit within 24hours, and decided to buy the whole of twitter. You need a steady and reliable income if you're on the path of building wealth.
HOW TO GENERATE/BUILD WEALTH IN TODAYS's WORLD
As we all know, wealth is money and one can be wealthy by making more money. I'll be discussing on how you can be wealthy in this century where we have high cost of living. You know it's really hard to build wealth in today's generation where we have bills to cater for, debts and more. One really needs to take a smart move in building wealth in today's world. We've already talked about "focus on improving yourself" and "work on your income". I'll be discussing on how you can avoid unnecessary bills.
EVACUATE UNNECESSARY BILLS
Unnecessary bills won't let you invest in other things that will bring profit to your table. You'd only be concerned with the bills before you and before you know it, you won't be able to build your wealth to your taste. What are these unnecessary bills?
They're things like expensive bags, shoes, phones, cars, or let's say the whole fashion empire. Apart from fashion, avoid unnecessary spends.
CREATE NEW BUSINESS IDEAS
You can't build/generate wealth with one source of income(that's not possible). If you're not too busy i want you to read more about "Elon Musk", he has shares in more than 200 companies, you can only be successful in life if you have up to two or more sources of income. You create more business ideas on what you can do that'll eventually bring some profit on your table not liabilities that would bring loss on your table. Create more ideas, think of what you can do to make more money, you can look into some skills also. I don't know maybe you must have heard about web developer, ui and ux designer and more. I actually wrote an article on more knowledge on web development. Web developer earns thousands of dollar monthly and if you're interested in becoming one you can check out----Basic knowledge on web development-front end developer.
SUMMARY
It been made possible for us to earn and generate/build wealth in today's world by all the listed points up there.
*Focus on improving yourself
*work on your income
*avoid unnecessary bills
*create more business ideas.
With these few points I believe you'd find it easy to generate/build wealth in today's world. Check on our website daily or like our page on facebook for more opportunities like this!
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