How to Becoming Wealthy $
The secret to becoming a billionaire or wealthy person is simple: you just need to make money. That's it. and for this, you need to understand The difference between an asset and a liability, and it is that assets make or bring you money while liabilities bring money from you Wealth comes from assets. Invest in these assets to become wealthy No magic pills, no secret techniques, and no tricky formulas are required. All you need is enough hard work and dedication
Invest in these 5 assets to become wealthy
1. Commodities like GOLD and SILVER...
Commodities are a great way to invest in the future. This allows you to take advantage of price fluctuations and make money when prices rise or fall, and the price of commodities like GOLD and SILVER in long term always increases. Commodities are generally considered safe investments because they don't fluctuate as much as stocks do -- so if you're looking at investing in a volatile market, then commodities might be a better choice for your portfolio.
commodities are money and the note or coin we have right now is currencies like the rupee, dollar, etc. And the value of money increases in the long term and currency always declines
The price of commodities like these always increases as we all know about GOLD, SILVER, OIL, ETC...
The price of any currency like ₹, $ always decreases
2. Invest in stocks
Investing in stocks is a great way to make money and grow your wealth. Good stocks in the long term always give high returns and other you can do SIP in stocks that will provide dividends and growth over time. Investing in sip stocks is a great way to make money while you sleep.
Here are some tips on how to invest in stocks:
1. Research the market before you buy.
2. Do your homework! Investing in stocks takes time and effort on your part.
3. Don't overextend yourself financially with one investment account.
3. Investing in Real Estate
Real estate is a great investment, especially if you are looking to get into the market and make some money.
There are many different types of real estate that you can choose from but the recommendation is to prefer Homes, Lands, and Shops. Not Apartments There are many types of real estate investment opportunities available today and they all come with their own set of risks and rewards. You should always do your research before deciding whether or not to invest in real estate and make sure that it's right for your situation!
But if you think that it requires high investments then here is a step-by-step guide for you:
1️⃣Take a home loan = E M I :- 20-25k
2️⃣Rent it out = RENT :- 15-20k
3️⃣Remaining amount added by self as a SIP = SIP:- 5-10k
THEN:-
1️⃣E M I:- 20-25k
2️⃣RENT:- 25-30k
3️⃣Remaining amount is your income:- 5-10k
4. Maintain your wealth
Saving and investing is crucial to constructing wealth,
but preserving your fortune is similarly vital. While it is able to seem like common sense, many people make the mistake of no longer consulting specialists on the subject of their finances. Wealth is a measure of the value of your assets, including property, savings, and investments. Wealth is not the same as income. You can have more than one source of income, but if you don't maintain your wealth, it will eventually lose its value.
5. Invest in Self Learning
It is last but very important, If you want to become more successful at anything, then you need to invest time and
effort into learning about it first. The more time and effort that goes into learning something new, the more likely it is that you'll succeed at it. It's important to invest in yourself. It's the only way to learn and grow as a person. You can't learn from someone else, you have to learn from yourself. If you want to be a better person, you need to find ways to improve yourself on your own terms.
THESE BOOKS CAN HELP YOU TO SELF LEARNING AND BECOME A BILLIONAIRE:-
1. The intelligent investor 
2. The psychology of money 
3. Rich dad poor dad
4. How to become rich
5. Think and grow rich
Revise:-
Section1: GOLD AND SILVER
Section2: STOCKS OR SHARES
Section3: REAL ESTATE
Section4: Maintain your wealth
Section5: Investing in yourself
Other important things:-
1. Time is your most valuable asset.
2. Every dollar you spend goes to work for someone else.
3. Financial freedom adds flexibility to your life.
4. To build wealth, start by spending less than you earn.
5. Wealth means different things to different people.
6. Diversify your investments and asset classes in your portfolio...
7. You can become a target for theft if you have assets and aren't careful with them.
8. Remember that making mistakes is a part of learning and growing, especially when it comes to managing your finances and building wealth...
9. Being wealthy means having enough money to meet your needs without worrying about running out before you die.
When you think of assets as sources of income, they become very interesting...
hope you got these answers 💯
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✅How To Create Wealth With Assets And Become A Millionaire In Your 20s? and more...
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