Becoming Wealthy is actually quite easy - It’s just that most people don’t know how!
OK, besides winning the lottery, inheriting money or robbing a bank, there are only 3 ways to Create Wealth.
Ok, are you ready? The paragraph below is the single most important principle of Wealth Creation
Wealthy people Invest in Assets that produce recurring Income that also increase in value over time. And better yet, they employ great leverage by borrowing the majority (if not all) of the money to invest in these Assets, this greatly increases their returns. A percentage of these profits are then re-invested to compound the investment returns over time. In other words things begin to snowball. This is why "the rich continue to get richer"
These three Asset groups are:
Share Market - Business - Real Estate
That’s It!!! There's Nothing Else!
Right, I am now going to share with you what I did and what I continue to do, to generate my income and build my wealth, all with little work and a lot of flexibility that you just can’t get in a job!
Some people achieve success by investing in just one of the three groups. However I use a combination of ALL THREE groups for diversification and to create as many income streams as possible so that i dont have reliance on just one. Now some people say that you should always start investing in business before the other two. However I did it backwards (I focused on property first) only because that’s all I knew at the time - this did work for me, but I now know that it is much easier to build a larger income/cashflow first prior to investing in property, as a higher income aids the process of borrowing more money to purchase more property. But you need to know that it doesn’t really matter in which order you do it - It can still work for you, as it has for me.
Continue to my Share Market Income strategy