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What’s up, it’s @hackedongrowth here, The majority of individuals nowadays are in debt. Maybe you owe money on your school loans? Or a home loan? Perhaps you owe a lot of money to your business? Whether you’ve maxed out your credit card or are drowning in a sea of business loans, figuring out how to get out of debt might be difficult.

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How to Build Wealth: This Chart Tells All

As the chart shows, if you want to build wealth, there are really only two things to get right:

  • Increase the difference between your income and expenses
  • Save that difference and grow it exponentially over time

That’s it.

This chart shows you exactly how much you need to save, and the rate  you need to compound it at, in order to reach your goals!

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1. Don't blow all your money

Don't spend everything you earn now, this may seem obvious, but it was discovered in 2020 that the average millennial was spending 2% more per month than they earned. Because of this, it's critical to track your expenses and create a budget

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What's up, it's @hackedongrowth here, so let's be honest with ourselves: we all want to do better with our money, whether it's generating more money or building our wealth; it's all about the incremental changes we make along the path, and most people, sadly, will not follow these very basic five steps.

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