4 Steps to grow your wealth (the sooner the better)
The best piece of advice I can give you to help you build wealth is this: If you are young, with the world at your fingertips, steer clear of bad debt, like credit cards and car loans. Bad debt is a silent enemy that creeps up on you, and stops you from having the successful financial life that you dream of.
When you are free from the shackles of debt, money becomes a powerful tool. It opens up a world of opportunities, allowing you to invest in experiences and assets that enrich your life, rather than spending a huge chunk of your monthly income on the insatiable fire of debt repayments.
With no debt, the next step in this game of life is to get your hands on some money. Yes, it’s often said that it takes money to make money, and while this isn’t always the case, for the average person, it’s a reality we must face. Start wherever you can, be it a part-time job or a side gig. The amount you earn isn’t as important as the discipline of setting aside a portion of it for your future.
Now what?
You might be wondering, “What do I do with this money I’ve saved?” The answer is simple: invest it. Use it as a seed to grow your wealth. Remember, even the mightiest oak starts from a small acorn. Whether it’s $200, $300, or $1,000 a month, every dollar you save is a step towards…
