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CREATING WEALTH
talessi@ariesfoundation.org
7 Thoughts for Creating Wealth
Building wealth comes in many different forms, if you plan on a slow & steady accumulation then setting up a savings plan and investing $50 to $100 per month into a Roth IRA. But that is a long, slow ride that takes a lot of time and discipline to succeed. And while yes, it’s great as a long-term strategy, it’s not going to make a difference in the short-term. And a lot of us need to see changes or increases sooner rather than later to keep us interested and motivated. So waht can you do?
It's always a good idea to talk to several professional investors to see what has worked for them. The best question you can ask any financial professional is how they are investing their money – it will speak volumes.
Let's step back for a moment. You might be thinking: "How in the world can I learn and do all this stuff? Is it even possible?"
Don't think that you have to do everything. Instead, focus on a few things and do them well. It all starts by investing in yourself. Listen to podcasts, read books, take millionaires out for lunch (yes, you buy).
As you make it a habit to find ways to better yourself, you'll also find new potential ways to build wealth faster than ever. Everyone does it differently, and nobody will do it exactly like you. You're unique and you'll find a way. Just give yourself a chance! You will be gald when you give yourself a chance.
Great wealth builders focus on both saving money and earning more.
What we are pointing out here is the gap between your expenses and your income. Expenses should always be lower than your income. The larger that gap, the more wealth you can accumulate.
Let’s face it, you can’t invest unless you have money to invest. If you’re currently living beyond your means and have no additional money to put to work for you, you’ll never build wealth.
LOWER YOUR EXPENSES
1. Save on Vehicles
2. Save on Shelter
3. Don't Buy Stuff You Don’t Need
4. Save a Percentage of Your Income
EARN MORE MONEY NOW
5. Work Hard Now
6. Invest in Your Education
7. Invest in Yourself and Your Marketing
Win or learn, never lose.
GOT QUESTIONS? ASK US. WE CANHELP WITH THAT!
The ARIES Foundation for FInancial Education, Inc. is a nonprofit dedicated to the mission of trying to help everyone have a better relationship with their money. Visit our website www.ariesfoundation.org
to learn more and see how we can be of help to you.
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