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Earn Money The first step to growing wealth is to earn money; you need to have a job or a side hustle that brings in money for you; without this, growing wealth can be unachievable. Remember, you can’t save air, neither can you save paper; you save money. Find a job, create businesses that will fetch you money; the only thing stopping you from amassing wealth isn’t your college or your 9 – 5; it is you. You are responsible for the life you live.
Save Always A top earner who spends money extravagantly isn’t different from a jobless folk because they both go home to meet nothing in their bank accounts. The book titled “the richest man in Babylon” preached about saving ten percent of everything you earn – it will be hard at first, but with time, you will get used to it. Take a cut from your salary and make a habit of saving a significant amount – you can begin with ten percent for some months, and after you get used to it, you can increase it to twenty-five or thirty percent. The goal is to save and cut down expenses and not live a frugal life, remember you need to stay healthy to grow your wealth.
Make Your Money Work For You Saving isn’t enough; you need to make your savings make more money for you to keep growing your wealth. Create multiple channels to put your money; buying property and lease it out; businesses are investments that bring in a steady profit. Invest in yourself; you heard that right – improving your skill-set is another type of investment that needs to be looked into. With enough skills, you can bring on your A-game at work, and with time your salary will increase; you can also use your skill-set to create a side hustle to boost your income.
