In Part One of the “Principles of Wealth,” we learned that it’s important to Pay Yourself First, Pay Off Credit Debt, and Invest Money in Growth Opportunities. In Part Two, we’ll take a look at eight more Principles for Generating Wealth.
General Wealth Principle #4: Small Amounts Add Up to Big Returns
Perhaps you think you don’t have enough income to save sufficient funds to tie up any of your money in lucrative investments. This is completely untrue. Even if you have only a small amount of investment money with which to begin, you can make a start and keep adding to that initial investment. (more…)
Nearly everyone you know has taken a beating in the stock market in the last two years, and you’re almost ashamed to admit you haven’t done so badly. Maybe you moved your money to commodities just at the right time, got out of oil shares at the peak of the run, or exercised your options very well, if you know what we mean.
However you got it, we have one question for you: How are you giving it away? (more…)