Building Wealth - Deepstash
Inside The Mind of Elon Musk

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The importance of innovation

The power of perseverance

How to think big and take risks

Inside The Mind of Elon Musk

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Building Wealth

Building Wealth

You can build wealth without a high income but have no chance of building wealth without high saving rate.

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Difference Between Rich And Wealthy

Difference Between Rich And Wealthy

Rich is a current income, someone driving a Porsche may be considered rich, irrespective of their wealth until he had a certain level of monthly income to afford

Wealth is hidden, it's income not spent, it is an option taken not yet to buy something later.

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You Don't Need Tremendous Force To Create Tremendous Result

If little growth serves as the fuel for future growth a small starting base can lead to extraordinary result that seem to defy logic.

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Getting money is one thing , keeping it is another

Getting money is one thing , keeping it is another

Getting money request taking risk, being optimistic, and putting yourself out there.

Keeping money request the opposite of taking risk. It requires humility and fear

6

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akileswar

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Save Money

Save Money

Building wealth has little to do with your income or investment returns and more to do with your savings rate. The value of wealth is relative to what you need. A high savings rate means having lower expenses than you otherwise could, and having lower expenses means your savings ...

The Difference Between Income and Wealth

The Difference Between Income and Wealth

  • Income is earning money. Yes, it's the primary piece of wealth creation, but income itself is not wealth.
  • Wealth is having money. If you have a lot of money, you are rich. If you don't have much money, you're poor.

The Slow And The Fast Way To Build Wealth

  • The long-term approach to wealth building: If you’re younger and your income limits allow, open up a Roth IRA. Invest in mutual funds and ETFs while making sure you have enough cash in your emergency fund.
  • For a faster approach more aggressive measures are necessary, li...

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