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Money Matters:how To Build Wealth by DyshApp: 1:55pm On Jan 04, 2023 |
Building wealth is simple. It doesn't require luck, genius, or special connections. You don't have to attend overpriced weekend financial seminars or learn the latest tricks and gimmicks sold by slick marketers. The truth behind how to build wealth is public domain knowledge, simple to understand, and nobody is going to get rich selling it to you. In fact, it's so simple that it can be explained in just two sentences: 1. Make more money than you spend and invest the difference wisely. 2. Develop simple daily habits that result in wealth accumulation. Wealth Building Step 1: Spend Less Than You Make & Invest the Difference The first sentence summarizes how to manage your personal finances so that you grow assets. It explains the importance of creating positive cash flow that you invest to produce additional positive cash flow. Notice how it's composed of three separate yet connected ideas to form a single concept: 1. Spend less 2. Earn more 3. Invest wisely There are endless variations on how to achieve this objective, but they all follow two simple themes: Checkout our Twitter page at dysh_media to read more or download the Dysh app Give it a :-) if this article was helpful |
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