Learn more about moneyandinvestments with this collection
Understanding the basics of blockchain technology
The benefits and challenges of using blockchain
The future of blockchain technology
How To Become Wealthy
- Investing in stocks is simple if you avoid lucky stock picking. Keeping long-term perspective, invest early, especially in low-cost index funds.
- Rental properties.
- Small business ownership.
- Delaying gratifications.
460
2.24K reads
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Rich And Wealthy
By making wealth your priority now, you could be both later. Establish a strong financial foundation that will give you financial security and peace of mind moving forward.
Living paycheck to paycheck is a guaranteed way not to build wealth.
If you’re...
344
1.5K reads
On Being Wealthy
Your wealth is the value of the assets you own.
A wealthy person aims to build or acquire assets that hold their value or generate ongoing income, thus providing security and peace of mind.
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1.34K reads
Things To Do Before Focusing On Building Wealth
- Create a budget and stick to it
- Pay off your debt – especially high-interest credit card debt
- Learn how to save money to cover unplanned expenses
- After establishing an emergency fund and becoming debt-free, go all-in on building wealth!
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1.67K reads
The Definition Of A Rich Person
Someone rich is someone who has the prestige and social status that comes with living a lavish lifestyle. This definition ignores the fact that some rich people have their finances in disarray and live paycheck to paycheck or in debt.
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1.42K reads
Rich Vs Wealthy
- Being rich is having the ability to spend lots of money now;
- Being wealthy is accumulating assets that allow to you preserve your money for use in the future.
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1.67K reads
Characteristics Of The Wealthy
- They live in homes just large enough for their needs and drive used cars.
- They have affordable interests.
- They don’t worry about having the highest credit score possible as they have enough saved to skip loans and make large purchases with cash.
- W...
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2.07K reads
CURATED FROM
CURATED BY
"Making money is art and working is art and good business is the best art." ~ Andy Warhol
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Why invest in index funds?
- Minimize your time spent researching individual stocks.
- You can invest with less risk.
- Index funds are available for a wide variety of investments. You can buy stock index funds and bond index funds.
- It's a lot
Four Steps To Building Wealth
- Don’t Be a Consumerist: keep your expenses as low as possible without sacrificing the quality of life. Spend money on things that yield lasting benefits.
- Have An Emergency Fund: this gives you freedom and peace of mind to deal with issues without having to upset your lo...
Stoic Path To Wealth: Grow Money
Stoic investors make smart, balanced bets. Most of us invest in secure funds with low returns. Investors looking at bigger returns opt for index funds. If you are okay with losing money, that does not mean that you should.
The 90/10 investing thumb rule states that we should put 90 percent...
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