Post
Topic
Board Economics
Re: Wealth creation
by
White pawn
on 09/06/2025, 16:20:10 UTC
End of the day, your money at hand is what is going to pay for your bills and groceries to eat. Those are short term goals.

Long term goals would be investments made over years of earnings. A job will help in this phase, starting from what you may have inherited or previous jobs.

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 generally refers to assets and appreciating liabilities,there are core principles of wealth creation but one of the things to consider first is the mindset ,poverty is a starting point,not a lifetime many poor people believe that they cannot actually overcome their struggles because they solely believe they cannot just access wealth,but you can only control a situation when you believe you can change the situation.they can actually start their wealth creation process by focusing more on learning money management,investing early and consistently in appreciating values or even building a business and earning more than spent.