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Wealth Building?

by Business-Network Homeworker Business.Network.HomeWorker




Build Wealth Quickly -


3 Simple Asset Allocation,


Wealth-Building Strategies

By [https://EzineArticles.com/expert/Keelan_Cunningham/382257]Keelan Cunningham

Who doesn't dream of marching into their

 boss' office one day and resigning without

 caring about the financial repercussions?

 Well,

 you can only do so if you have acquired

 sufficient assets (wealth) through which you

 can generate a future income to replace your

 current earned income. By the way, as a rule

 of thumb I don't recommend you hand in

 your

resignation unless you have at least 1 and

 ideally 2 years living expenses put away in

 liquid assets. Simply put, to become wealthy

 over time you basically need to make, save

 and invest money wisely. The smarter you are

 at doing this the faster you become wealthy.

 Assuming you've read my other articles on

 How to Get Rich (the making of and

 management of money) then you are ready

 to

 look at the 3 most common wealth building

 strategies of the super wealthy. 1. Investing in Paper Assets (Stocks, Bonds,

 Funds, Currency) Investing in "paper assets"

 is

 a great way to start building wealth. It

 teaches

 you the principals of money management,

 capital, rates of returns, risk etc. You can

 invest in stocks, bonds, mutual funds,

 commodities, and foreign exchange ("Forex").

 Each of these options

 presents various levels

 of risk and reward and requires thorough

 research before you start. You don't

 necessarily have to read the Wall Street

 Journal daily or subscribe to Fortune

 magazine

 in order to be a good stock investor. But you

 should at least get trained by an expert or

 have access to wholly independent financial

 advice from an experienced investor. To help you get started, a basic overview of

 the paper assets investment landscape goes

 like this: There are 2 types of investments;

 ownership investments in which you own part

 of the asset (a stock is a good example) and

 loan investments in which you lend money to

 someone and they pay you interest (a bond is

 a good example). In many cases, you are

 looking for growth investments and those are

 ownership-type investments. (Bonds rarely

 provide a way to make you wealthy. Rather,

 they are a way to protect your wealth once

 you have it). Warren Buffett is a great

 example of someone who created massive

 wealth through investing in paper assets. 2. Investing in Real Estate Real estate is

 another great way to

 build wealth. With real

 estate, you typically buy a property and then

 make money through selling it eventually for

 a

 much higher value than its purchase price

 and/or becoming a landlord and letting the

 property. One of the advantages of real

 estate

 investing is using the principle of leverage

 (i.e.

 a mortgage) to buy an asset that you

 otherwise couldn't afford. Leverage isn't

 commonly available in paper assets investing

 (although you can buy on margin but this can

 be risky if you don't know what you're

 doing!). Real estate investing can be focused on either

 residential, commercial or land. Wealth

 building through real estate involves buying

 and selling a property - sometimes referred to

 as "flipping" or "trading" and often involves

 "rehabbing" a property (i.e. fixing it up)- to

 give the fastest and best rate of return..

 However, landlording is a more standard

 approach that requires more time to build

 wealth, generating a small income in the

 meantime from the rental income after

 subtracting all expenses. Want to know how

 to

 build wealth quickly with real estate? Consider

 buying a distressed property using leverage,

 fixing it up, and selling it again quickly.

 However, watch for market fluctuations in

 supply and demand and availability of capital

 in order to use this strategy effectively.

 Donald

 Trump is a great example of someone who

 created massive wealth through real estate

 investing. 3. Starting, or Owning a Business Starting, or

 owning a business is another common

 wealth-

building strategy. Starting a business doesn't

 always make you really wealthy right away. It

 takes time and energy to build the income of

 a

 business and its capital value, but it can make

 you wealthy over time if managed effectively.

 Therefore, if you have previous experience of

 running a business it can sometime makes

 more sense to buy an existing business and

 simply run it better. Want to know how to

 build wealth starting or owning a business?

 Find something that you love to do and that

 solves the needs of a target market. Then sell

 that product or service through relentless

 marketing and sales. Create efficient systems

 to sell more, more often. And work towards

 growing the value of your business by making

 it less dependent on you so that you can

 eventually sell it to a new owner. Bill Gates is

 a great example of someone who created

 serious wealth by starting a business. Whatever way you chose to start building

 wealth, always remember those words from

 the mouth of antihero Gordon Gecko in the

 movie Wall Street..."Money never sleeps pal".

 Different asset class values will shift in time

 (daily/monthly/annually) and according to

 market cycles. It's also a good idea to

 scrutinize your assets and then take steps to

 re-balance your portfolio periodically. You also

 need to match risk to what stage you are in

 life. So, want to know how to build wealth

 quickly? It's simple: Take your hard-earned

 money, save as much as you can as you go

 and then choose a strategy (from above) and

 consistently, month by month, year by year,

 apply yourself to these wealth building

 strategies. Remember, building wealth doesn't happen

 overnight. But with education, time, diligence,

 research and hard work, you can go from

 wondering how to build wealth to actually

 becoming wealthy and enjoying your millions!

 Mastering wealth building will ensure that

 money you earn isn't flitted away carelessly

 and that you get to secure your financial

 independence! Discover how to build wealth

 using simple, effective wealth building

 strategies in real estate, the stock market,

 business, the Internet etc. Sign up now for

 Millionaire Mindset Secrets for FREE, you'll get

 instant access to insider secrets on "How to

 Build Wealth!" Click here now:


http://www.millionairemindsetsecrets.com Article Source: [http://EzineArticles.com/?Build-Wealth-Quickly---3-Simple-Asset-Allocation,-Wealth-Building-Strategies&id=3705269] Build Wealth Quickly - 3 Simple Asset Allocation, Wealth-Building Strategies

Gordon Gecko in the movie Wall Street...

"Money never sleeps"


Real estate investing can be focused on either

 residential, commercial or land.


education, time, diligence, research and hard

 work,


2 types of investments; ownership

 investments in which you own part of the

 asset (a stock is a good example) and loan

 investments in which you lend money to

 someone and they pay you interest (a bond is

 a good example).


In many cases, you are looking for growth

 investments and those are ownership-type

 investments.


(Bonds rarely provide a way to make you

 wealthy. Rather, they are a way to protect

 your wealth once you have it).


Warren Buffett is a great example of someone

 who created massive wealth through

 investing in paper assets.


Simply put, to become wealthy over time you

 basically need to make, save and invest

 money wisely. The smarter you are at doing

 this the faster you become wealthy.


Assuming you've read my other articles on

 How to Get Rich (the making of and

 management of money)

then you are ready to look at the 3 most

 common wealth building strategies of the

 super wealthy.



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About Business-Network Homeworker Advanced   Business.Network.HomeWorker

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Joined APSense since, May 2nd, 2020, From •Architecture and Interior Design, United States.

Created on Sep 18th 2021 07:58. Viewed 263 times.

Comments

Business-Network Homeworker Advanced  Business.Network.HomeWorker
Real estate investing can be focused on either
residential, commercial or land...
#super wealthy
#wealth building strategy
#residential commercial or land
management of money
#how to get rich fast
#the smarter you are
#you become wealthy
#become wealthy over time
#investing in paper assets
#create massive wealth
______________________

in the movie Wall Street...

"Money never sleeps"
Sep 18th 2021 08:07   
MomsBLOGS WORKatHOME Committed   MOMS.blog.
Simply put, to become wealthy over time you
basically need to make, save and invest
money wisely. The smarter you are at doing
this the faster you become wealthy.

Article Source: [EzineArticles.com/?Build-Wealth-Quickly---3-Simple-Asset-Allocation,-Wealth-Building-Strategies&id=3705269]
Sep 26th 2021 10:06    Edited in Sep 29th 2021 04:23
Awesome POWER Duplication Committed   VIRTUAL Employment INDUSTRY
Each of these options
presents various levels
of risk and reward and requires thorough
research before you start.
Sep 26th 2021 10:33   
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