A considerable percentage of wealthy individuals began saving at the age of 14. By 25, they had started investing in the stock market; this implies that the dynamic behind wealth building is incomplete without the prime culture of saving and investing.
Money is a slave and not a master; you are the master. To foster a good relationship as a master with a slave, you need to treat your slave humanely and without cruelty. If you treat your money right by saving and investing, you would have a lot more money swarming your pockets shortly, but if you blow up your little earnings on every desire or want, you will most probably end up with little or none left.
Most individuals are keen on obtaining a quick path to wealth and are never interested in the following principles that lead to wealth creation. Failure to follow the simple rules leads to disaster automatically.
The trending youthful mindset that preaches ‘You Only Live Once’ destabilizes the need for target savings and investment plans. Unforeseen circumstances are almost inevitable, especially what we experienced during the COVID-19 era. Therefore, to build yourself to the top, it is essential to make hay while the sun shines, i.e., save and invest while the money is still present because it won’t always be present.
According to billionaire Mark Zuckerberg ‘The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks’.
Just so you know, wealth is not attained overnight, and not everyone is fortunate enough to wake up to an inheritance from a random rich relative or win lottery money. Most times, we have to use what we have to get what we don’t until then, no way forward.
However, due to the sizeable competitive space, the world is competing in, it is advisable to acquire skills that would give you an edge.
I am sure we all want to enjoy the full benefits of living a luxury lifestyle. But this is ultimately for people who have worked hard to achieve their set goals, and yes, you can be in those shoes if you follow these simple rules:
- Save for a target goal / save for the rainy days with Fundbae
- Invest in your own financial goals
- Invest in other financial markets you understand.
- Stay committed and be consistent in what you do regardless of the present outcome
- Be patient with results
- Expect losses but bear them wisely
- Spend wisely and save a percentage of your earnings
There are no shortcuts because this is the only tested and trusted means to legitimate wealth so START NOW by saving with us using our FundBae App.