Sunday Apr 19, 2020
Wealth Mastery 101 How To Build Wealth During Lockdown No Matter Your Background
There are many ways to building wealth, but there are only two fundamentals understanding that anyone wanting to build wealth should know, and they are:-
- Make more than you spend and invest the difference wisely.
- Develop simple daily habits that result in wealth accumulation.
- BONUS Find or create a system that will help you acquire money fast.
So if you can come up with a way you can
- Spend less
- Earn more
- Invest wisely
You need to look for ways in which you can leverage your time and energy and exchange for higher returns.
There are endless variations on how to achieve this objective, but they all follow two simple themes:
- You can reduce spending immediately through various forms of frugality.
- You can increase your income through various strategies including changing jobs, getting a raise, or starting a business.
In short, you must create a gap between how much you earn and how much you spend that results in savings to invest for growth and additional income.
In our new episode podcast The Money Blue we discus some ways you can start a home- based business and bring in some extra cash while on lockdown.
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