HOW TO CREATE WEALTH?by MomsBLOGS WORKatHOME MOMS.blog.
Build Wealth Quickly - 3 Simple Asset Allocation, Wealth-Building Strategies By Keelan Cunningham Platinum Quality Author If you are wondering how to build wealth, this article will give you... Recommended Features
- Effectively Leverage
- 1.) Investing in Paper Assets (Stocks, Bonds, Funds, Currency)
- 2.) Investing in Real Estate, 'distressed property'
- 3.) Starting, or Owning a Business
Review on HOW TO CREATE WEALTH?HOW TO CREATE WEALTH?
Build Wealth Quickly - 3 Simple Asset Allocation, Wealth-Building Strategies
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).
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