Self-improvement
Finance
Personal Development
Investment
Personal Finance
Income Increase
Wealth Building
Frugal Living
I have grown my net worth from $85k to $205k in the last year.
Here are 5 tips to help you build wealth FAST:
Here are 5 tips to help you build wealth FAST:
1. Find ways to increase your income
Easier said than done, but find ways to bring more capital in. Pick up a side hustle. Start a business. Sell your knowledge. Look for a new job or promotion.
An extra $500-$1k+ invested each month will work wonders to your wealth building.
Easier said than done, but find ways to bring more capital in. Pick up a side hustle. Start a business. Sell your knowledge. Look for a new job or promotion.
An extra $500-$1k+ invested each month will work wonders to your wealth building.
2. Don't fall into lifestyle inflation
I have 10x'd my income over the last year but my expenses stayed the same. This allows me to invest even more money into the market.
When you get a raise, the first thing should NOT be to add to your expense column.
Assets first.
I have 10x'd my income over the last year but my expenses stayed the same. This allows me to invest even more money into the market.
When you get a raise, the first thing should NOT be to add to your expense column.
Assets first.
3. Take asymmetric bets
Those that build wealth fast *usually* take on asymmetric bets.
This means the upside potential far outweighs the downside potential. You are taking a calculated risk on your money or your business.
I took a bet on myself & it is starting to paying off.
Those that build wealth fast *usually* take on asymmetric bets.
This means the upside potential far outweighs the downside potential. You are taking a calculated risk on your money or your business.
I took a bet on myself & it is starting to paying off.
4. Continue to learn
Just because you start making good money or growing your wealth, don't stop being a student.
Learn from others. Continue to expand on your education. Execute on your education.
Never think you know it all (because you don't). Always be willing to learn.
Just because you start making good money or growing your wealth, don't stop being a student.
Learn from others. Continue to expand on your education. Execute on your education.
Never think you know it all (because you don't). Always be willing to learn.
5. Stop procrastinating
I got to where I am because I STARTED. I took action rather than sat on the sidelines.
Start investing. Start that business. Start that side hustle.
Don't end 2022 where you started 2022. Most people never get into the game.
Just start.
I got to where I am because I STARTED. I took action rather than sat on the sidelines.
Start investing. Start that business. Start that side hustle.
Don't end 2022 where you started 2022. Most people never get into the game.
Just start.
I hope this short thread was helpful to you on your wealth building journey & how to get there faster.
Learn more about crypto here: links.zzzmoneyclub.com
If you found this thread helpful, be sure to RT the first tweet & follow me!
- @DecadeInvestor & @ZzzMoneyClub
Learn more about crypto here: links.zzzmoneyclub.com
If you found this thread helpful, be sure to RT the first tweet & follow me!
- @DecadeInvestor & @ZzzMoneyClub
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