Post
Topic
Board Economics
Re: Wealth creation
by
Stablexcoin
on 24/04/2025, 13:18:20 UTC
Creating wealth is a term that could have many meaning, savings being one part of it. But investments that lead to recurring returns like interests could be another.
Wealth creation requires many stages of money management, which are the making money, managing money and growing money. If these categories are mastered then it's possible to attaining a wealthy investment plan. Saving money is the vital point of beginning the journey of wealth creation because it makes an investor feel calm with energy to strategy itself the way out.
You just made a healthy explanation of what wealth means, growing money is the strongest part of becoming wealthy. Paychecks don't last even with savings can soon go bankrupt, might be a big earner whereas having no alternate source to generate money restrains from achieving the wealthy status. All wealthy people are investors, non are working class or still works under where they get paid monthly doing a 9-5 job.