Building wealth is a process, and not everyone has the discipline, but it is within reach of those who are serious about adopting a disciplined financial life that will bring them tremendous long term freedom.
So here is what you can do:
- Start with a weekly monthly budget and split your income into possibly 3 parts namely: Investment, Spending and savings.
- You can decide how much you want to put into each category depending of your income and responsibility.
- For savings, find an account that generates some interest but gives you relatively easy access. The purpose of savings is at least in part to have capital for bigger investments though sadly most savers save for sake of spending which is not right.
- For investments start small – find things that you can buy low and sell at a profit. Start small, don’t assume its only when you have millions that you start investing.
To Be Continued…..