7 Foolproof Steps For Building Wealth - Deepstash
Wellbeing at Work

Learn more about moneyandinvestments with this collection

How to prioritize self-care in the workplace

How to adapt to new work arrangements

How to maintain work-life balance

Wellbeing at Work

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Create a Spending Plan

Create a Spending Plan

The wealthy see money as a resource and a tool to help them build wealth over time.

Know your income, your expenses, how much is earmarked for additional expenses and how much for other financial goals.

290

1.09K reads

Spend Wisely

Learn how to spend on the things that matter to you. 

Consider your values and priorities when you draw up your spending plan. If going on vacation or giving to a charity is important to you, include those items in your spending plan.

284

766 reads

Pay Off High-Interest Debt

Pay down your high-interest debt as quickly as possible. 

While some types of low-interest or tax-deductible debt can help you along the way, high-interest debt rarely has a good purpose.

261

722 reads

Create an Emergency Fund

Create an emergency fund to avoid the need to turn to debt.

Think about what makes sense for your financial situation.

271

765 reads

Earn More Money

Building wealth is about cutting costs as well as looking for ways to earn more money.

  • If you work for a company, make yourself valuable so you’re eligible for raises and promotions.
  • Alternatively, look for a new job that pays more and recognizes your worth.
  • Start a business or side hustle to make more money.

331

978 reads

Invest

Compounding returns that come with investing are necessary to build substantial wealth over time.

285

1.03K reads

Protect Your Assets with Insurance

The right insurance coverage can reduce your financial risk that might go toward replacing losses. For instance, homeowners insurance, health insurance, disability insurance, car insurance.

268

964 reads

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