Hey everyone. What are some of your wealth secrets that you could share with us?
Buying homes with cash and taking loans out on it?
Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)
What are your secrets?
I don’t think there are secrets in being wealthy. But as long as you know how to manage and grow your finances, you will surely progress in life. Focus on what is needed and disregard the unnecessary expenses, that way you will not waste your money. And definitely, learn how to save and invest. Save so that you can easily invest on potential investments, and diversify them if those investments completely work based on your plan. Also, save your for you emergency funds as well and for your future plans.