10 Rules For Building Wealth
December 12 by Leon Ho | Money, Uncategorized
Have you just started your career? What is your investment plan? Do you find it difficult on setting your investment plan to build your wealth? Fortune shows you 10 simple rules for building wealth.
The rules has a focus in stock trading and more into urging every to start early and invest heavily.
- Start early
- Use your 401(k)
- Keep it simple
- Don’t try to beat the market
- Don’t chase trends
- Make saving automatic
- Go heavy on stocks
- Hold down fees
- Ditch credit card debt
- Defer taxes
10 rules for building wealth – [CNN Money]
[...] You have to have X dollars to be wealthy. Wealthy is what you think it is for you. Don’t try to keep up with the Joneses. Keep things simple. CNN Money has 10 rules for building wealth. [via LifeHack] Key is starting early, or at least starting now. Compound interest takes care of some of the growth, but if you are not keeping up with inflation, then you are not building wealth. [...]