Wealth creation formula pdf
I’m not referring to one or two million dollars, but rather, $30 million and more (the top 0.1%). When I write about creating wealth, I focus on the top 0.1%. If you do the above over and over, you will build generational wealth that will extend well beyond your lifetime, and extend to your heirs. That, in a nutshell, is the strategy for wealth creation. Once you have those mechanics, it’s about leveraging your wealth by investing appropriately and earning out-sized returns. There’s no secret sauce.Ĭreating wealth is about diligently investing in yourself, education, and knowledge, learning the basics of finances, understanding risk and reward, and taking appropriate risk where required. In the end, if you’re hoping for a magic wealth potion or secret, I’m going to disappoint. I curated the best responses from the 60 submissions, where required shortened, and did some minor editing, but, what you will find below is a list of the 11 best ideas. I received close to 60 responses from the financial community. I posted a request on HARO (help a reporter out) looking for feedback to my question: “what are your best wealth-building strategies.” I’ve written many articles about investing, wealth creation, and the wealth-generating mindset. People often wonder why the rich keep getting richer.ĭo the rich have some secret sauce that allows them to continue to propel their wealth year over year, while the average individual struggles to pay their bills and save for retirement? Share 11 Most Effective Wealth Building Strategies Used by Personal Finance Pros in 2021