Greetings to the Blurt Community,
It's @skyehi and I'm back with another awesome blog for everyone.
There's certainly a lot of financial advice online but I strongly believe today's financial advice blog will be amongst the best you'll ever read.
This was based on my personal life experience can apply to anyone, anywhere and anytime.
You can never work your way to wealth
Wealth comes from the establishment of businesses and sources of income that keeps on coming into your account whether you're working or not.
Wealth comes from certain systems, principles and lifestyles you must inculcate into your life to be able to establish permanent and generational wealth.
Do not attempt to work your way to wealth but rather learn the principles of wealth and making money, and practice them until you become a master at it. Only then will you achieve true wealth.
Indeed no matter how much money you make, you can never work your way to wealth.
It is Difficult to Save your way to Wealth
The path to wealth starts from savings but it doesn't end there. It is extremely difficult to save your way to wealth. It is going to take years and years of savings before you will be able to live off of the tiny profits or interests that your savings produce for you.
Making wealth starts from savings, but is followed with investments.
You Need to invest your money
Savings is the first step to making wealth, the next thing you need to do is to invest your money into a business or an opportunity that brings more money to you.
As they say, you should not work for money, but money should work for you.
By investing your money, it brings more and more and it eventually ends up beating the cost that inflation brings to your savings.
Wealth Is Simply Ownership
The richest guys in the world are all owners of huge money making assets or organizations. That's the real cheat code to wealth.
The true secret to wealth is ownership of asset or business or investment agreement; stocks, bonds, companies or organization that generates revenue.
Of course it can include any property that appreciates overtime like houses, lands or any valuable item that constantly grows in value like gold and precious ornaments.
Your Wealth is From Your mind
Ever wonder why some of the richest people in the world read and write lots of books related to wealth. That's because knowledge is the key. You need to learn the money principles and you need to get very creative in forming ideas.
Never disclose your money plans to people you do not trust. It can be your biggest financial mistake ever. Keep learning and keeping growing.
I'll bring today's blog to an end. Thank you so much for taking the time to read my blog for today. I hope you learned a lot and have been inspired to grow your wealth the right way.
You can follow me for more tips like this.
I'v decided to burn 30 percent of all my earnings until we see great improvement with the Blurt token Thanks to @ctime.
Upvoted. Thanks for burning part of your earnings, it will make Blurt stronger. Every author can help, please set @null as your post beneficiaries (1% - 100%) and receive upvote from my account