How to get wealthy - Deepstash

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How to get wealthy

How to get wealthy

You don't need to earn a lot of money to become rich if you have healthy financial habits.

If you want to get wealthy, you need to consider three things:

  1. Earn
  2. Save
  3. Invest.

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The habit of saving more

The key to the habit of saving is to save a bigger percentage the more you earn. When you start, you may only be able to save 10% of your income, but it is a mistake to commit to the same amount if you earn more.

However, it's a losing game to only focus on saving money. L...

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1.92K reads

The habit of earning more

It is natural to earn more over your lifetime. But a person can only earn more if they learn more. Further education enables an individual to provide more value.

Earning more is like a habit. Every year, we learn new skills and ways that will increase our ...

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2.26K reads

The habit of investing more

Consistent investing is essential. Investing as a habit will pay off in the long run.

It is most important to start with earning more, then saving more, then investing. People want to skip the first two steps and day-trade themselves to wealth, but most will only lose mone...

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2.01K reads

CURATED FROM

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"Many people are in the dark when it comes to money, and I'm going to turn on the lights. " ~ Suze Orman

MORE LIKE THIS

Wealth In Terms Of Owning Things

Housing should be no more than 30% of your income. Warren Buffett's house is worth .001% of his total wealth.

The possession of things differentiates the rich from the wealthy. Wealthy people don't flaunt their money; they save and invest it.

Think Rich

Think Rich

Becoming wealthy is not about earning more , though earning more might definitely help. Even if you don't earn a lot you could be on rhe path to wealth by having good financial habits

How We Use Money

How We Use Money

There is a natural tendency to spend the money we earn, instead of saving or investing. If we watch how rich people utilize wealth, we can learn a lot from them and change our financial mindset.

One has to invest money no matter how less the income is, choosing something t...

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