Posted on: 09 Sep, 22
Welcome to our Guide to Wealth Creation. There’s no one-size-fits-all answer to the question of how to build a plan for financial freedom.
Achieving financial independence through wealth creation is a state to which many people aspire. Financial independence means different things to different people. But ultimately it’s the ability to have enough income to live the lifestyle of your choice, without having to rely on others. Achieving financial independence is a goal set by many people and will vary from person to person. Financial independence includes enjoying some of your hard-earned money today while designating a portion of your earnings for your future happiness, freedom and security. You cannot create wealth by just earning more money. You have to invest to create a parallel stream of income. This process of investing your money to grow your wealth by choosing investments that align with your financial goals is called wealth creation.
For sufficient wealth creation, apart from choosing the right investments, you also have to give your investments sufficient time to grow. You need to maximise the benefit of compounding by investing as early in life as possible. Early starters have the opportunity to stay invested longer, which makes it easier for them to reach various financial goals...
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