4 Keys for Building Wealth

1
4 Keys for Building Wealth
Many people emphasize the investing side of
wealth building over the saving side. They
analyze years' worth of mutual fund data. They
statistically break down market history. They
allocate their assets down to two decimal points.
They search for the highest yield. While all of
this has value, it can't make up for not setting
money aside to begin with
2
Use Debt Strategically - Don't spend more than
you earn
Some times debt can be useful most of the times
it creates problems. If you borrow money to get
control over an asset, like buying a home, debt
can be a useful wealth building tool. If it is
used for consumer goods, it tends to create
problems. Using it for consumer goods happens
when you spend more than you earn.
3
Budget - know What you Spend
You can't manage what you don't measure. A lot of
people are clueless about where the money goes
that they take out of the ATM or the impulse
buying on their debit card. Many times they
simply wait until the end of the month to see if
they have any money left. If they do they may
save some of it.
4
Power of Compounding - Money makes money
Compounding wealth is where you get interest paid
on previously earned interest and growth on
previously earned growth. This is where your
money set aside makes its own money. The benefits
of compounding take a bit of time to show up but
when then they do they do so exponentially.
5
Taxes and Expenses hurt - Defer and Economize

They help to reduce your current taxes and allow
you to defer taxes on your investment earnings.
Both of these, when compounded, add a lot to
future wealth building.
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If you don't know investment funds, know your
fund manager at
DHANDHO FUNDS Address 1220 Roosevelt, Suite 200,
Irvine, CA ,USA Call Us On 14015007609 URL
http//dhandhofunds.com/