The first step should probably be concentrating on paying off all debts. Concentrate all spare income to the debt with the highest interest first. Once those are gone you have freed up a bunch of money that you can invest. If you are young, time is an huge ally, just invest like crazy.
I agree with scramble partially you must save and invest some of your money, however, I think that the best way to create wealth is to work hard. In any society, in any economy the value of a hard worker is greater than almost anything else. I look at people that I know that have done that and been very successful financially. If you look at many of the great philanthropists of our time you will notice that that is one of the common threads in their lives. Investing money is a great way to create wealth but it is only half of the equation, investing time is the other half.
The key to wealth is knowledge, leverage, and time, and in that order. Knowledge to know what to invest in and minimize risks, leverage to maximize your returns, and time for your money to grow.
by Bharath Rao4 years ago
Bhagavad Gita and money and Hindu spirituality and wealth creation are still perceived as odd combinations and it often raises several eyebrows. If a Hindu wants to take the spiritual path, the first advice is 'give...
by Billie Kelpin2 years ago
I.m desperate to not "go out" the way I'm headed. In the beginning, money was not important to me. I wanted to be helpful like Dr.Tom Dooley in the work he was doing. I ended up as a teacher of the deaf and...
by manofmystery245 weeks ago
How would you use the money?
by nightwork48 months ago
is there any way to seriously make money online without investing a lot of money.i don't mean $50.00 a day but enough to live comfortably on.
by young inv9 years ago
Hello everyone , im 18 and am learning to be a carpenter in my second year , I have recently become interested in investing money i have saved into something , i come up with theories at work about why such and such is...
by Sonali Singh8 weeks ago
Which is better. Investing in Shares or investing in Mutual Funds?I want to invest some amount of money either in shares or in mutual funds. Which option would be better?
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