deepstash
Beta
Trinity
@trinity_493
Protecting your assets
Once you've acquired some wealth, you want to protect that from external factors.
You want to keep your assets safe from legal institutions and ensure you don't pay more tax than required. You will have lawyers and accountants to take care of these items.
464 SAVES
1.45k READS
IDEA EXTRACTED FROM:
TOPICS IN THIS IDEA
RELATED ARTICLES & IDEAS
Aniyah J.
@aniyah_uj95
7 Foolproof Steps For Building Wealth
Create a Spending Plan
Know your income, your expenses, how much is earmarked for additional expenses and how much for other f...
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.
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.
Paisley
@pai291
The Stoic Path to Wealth: An ancient investing strategy for the modern world
Wealth In The Modern World
Investing is about 9 percent theory, 1 percent execution and 90 percent emotion management.
Not everyone becomes a multimillionaire, at least not in the short run. The good...
Stoicism And Investing
Stoicism is a life-survival strategy, a way to protect one’s sanity while facing the ups and downs of life. It helps us focus on what we can control and to let go of the stuff we cannot control.
While not many are aware of this, stoicism embraces money and wealth, and advises a person to make money with honesty, dignity and trustworthiness.
Stoic Path To Wealth: Earn Money
No matter how little you earn using income-generating skills like writing, speaking, coding or managing, you can get started with investing by simply earning more than your expenses.
One needs to focus on the income-generation part and create value out of nothing, using one’s skills.
Elizabeth V.
@elizabethvv67
3 Simple Steps to Building Wealth
To accumulate wealth...
- You need to make it. You need a long-term source of income that's enough to cover your basics.
- You need to save it. You need t...
Making Enough Earned Money
Earned income comes from what you "do for a living."
- Consider what you enjoy as you will be more likely to succeed financially.
- Consider what you're good at and see how you can use those talents to earn a living.
- Consider what will meet your financial expectations.
- Consider how to get there. Determine the education requirements, etc.
Evaluate your income situation annually.
Saving Enough of It
To ensure that you save enough money, your wants should not exceed your budget.
- Track your spending for at least a month.
- Trim the fat. Break down your wants and needs.
- Adjust according to your changing needs.
- Build your cushion. Aim to save around three to six months' worth of living expenses.
- Contribute to a retirement fund and try to get the maximum your employer is matching.
deepstash
helps you become inspired, wiser and productive, through bite-sized ideas from the best articles, books and videos out there.
Over 2M Installs
4.75 App Score
Deepstash is better on the app. Discover new ideas and get inspired daily.