What is wealth-building?

Your guides introduce the concept of building wealth.

Matthew“Having money” and “building wealth” are really two different things. Having an income is great … it pays the bills … but that’s money that goes into your pocket and right back out. Wealth is things like savings, property, and investments. It’s resources you can use to create and take advantage of opportunities in life.

OliviaI agree. And that’s why wealth-building usually doesn’t happen overnight, or in a year, or even three years. It’s a series of steps that you take over time. The steps are simple to explain, but a lot harder to do. You have to discipline yourself to make wealth-building a lifelong pattern. If you do, you’ll keep getting better at it as time goes on.

MatthewNext, we’ll show you the steps to building wealth.

Review the differences between wealth and wealth-building.

Wealth

  • A set of resources (savings, assets, investments
  • Allows you to create and take advantage of life’s opportunities

 
Wealth-building

  • Series of steps over time
  • Simple actions that require self-discipline

 
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