Why The Rich Get Richer
Erika Taught Me
Building Wealth through Income Management and Asset Accumulation
The first step towards accumulating assets is managing income and expenditures effectively by securing a good job and avoiding unnecessary expenses. Prioritizing income over expenditure is crucial for ordinary people to begin accumulating assets. Once this is achieved, individuals can focus on building wealth by opening tax-free savings accounts, investing in stocks, shares, and possibly considering assets like gold for economic resilience.
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