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.
I wrote a great post on the subject of making money from home entitled No Money Down Business Startup Ideas You Should Be Starting Right Now . In this post I shared some great business ideas you can start without having a huge bank account. We’re all about saving and making money during these difficult times. I hope you enjoy this latest podcast, keeping safe until next time.
Rachael Aprill Phillips.
Have you ever wondered why some people seem to get rich easily while others are destined for lives of financial struggle? Is the difference found in their education, intelligence, skills, timing, work habits, contacts, luck, or choice of jobs, businesses, or investments?
A compact text providing a step-by-step formula to become a self-made millionaire, based on the success secrets used by other millionaires. Includes 21 strategies and ideas for moving ahead in finance and in life, showing how to get organized and make plans for becoming wealthy.
The information in this course is golden. I have read Think and Grow Rich and the Science of Getting Rich, both books are priceless, but The Master Key System is simply mind-blowing.I never realized The Master Key System was the inspiration behind Think and Grow Rich and The Science of Getting Rich”- Tim “I love how each part offers a quick-guide action step to immediately implement what I learned in each section. I also think the Q & A study questions are brilliant. I helped me to further understand what
Rich Dad Poor Dad is Robert’s story of growing up with two dads — his real father and the father of his best friend, his rich dad — and the ways in which both men shaped his thoughts about money and investing. The book explodes the myth that you need to earn a high income to be rich and explains the difference between working for money and having your money work for you.
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