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The Art Of Wealth Building
Simple, effective and achievable... here is a tried and tested four-step process to the art of wealth building
{Wealth Thread }
Simple, effective and achievable... here is a tried and tested four-step process to the art of wealth building
{Wealth Thread }
1) Set A Long Term Goal
One that you truly care about
One that’s meaningful and motivating (5-10 years away)
House, car, First Class round-the-world flights, whatever
One that you truly care about
One that’s meaningful and motivating (5-10 years away)
House, car, First Class round-the-world flights, whatever
2) Spend Less Than You Earn 
https://abs.twimg.com/emoji/v2/... draggable="false" alt="⚖️" title="Waage" aria-label="Emoji: Waage">
Otherwise known as S-A-V-E.
Simple yes, but damn effective.
Otherwise known as S-A-V-E.
Simple yes, but damn effective.
3) Invest with automated regularity https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤖" title="Robotergesicht" aria-label="Emoji: Robotergesicht">
Set-up a regular direct debit or transfer - the same as pay day is best
Do this instead of trying to time market peaks and dips
You can also leverage Dollar Cost Averaging with this!
Set-up a regular direct debit or transfer - the same as pay day is best
Do this instead of trying to time market peaks and dips
You can also leverage Dollar Cost Averaging with this!
4) Invest Online In Index Funds Or ETFs
These are baskets of shares rather than individual companies
They& #39;re not usually exciting but they are solid, reliable and diversified
Means your (investment) eggs are not all in one basket!
These are baskets of shares rather than individual companies
They& #39;re not usually exciting but they are solid, reliable and diversified
Means your (investment) eggs are not all in one basket!
So when you see the markets go red, don& #39;t worry, they& #39;ll eventually
Rocket
Have faith, the market is a living machine and will adapt to anything thrown at it.
Thanks for reading this thread,
If it helped you, please RT - thanks!
#eComInsightsAU
Rocket
Have faith, the market is a living machine and will adapt to anything thrown at it.
Thanks for reading this thread,
If it helped you, please RT - thanks!
#eComInsightsAU
If you like this please RT https://twitter.com/ecominsightsau/status/1380881062318997509">https://twitter.com/ecominsig...
