Wealth is build and not stumbled upon. No matter how you get it, you must still build it to keep it coming back to you, over and over again.
The truth is everyone working earns income, but your ability to produce such income has an elastic limit. Being able to turn the income that comes from your abilities into different investments can turn into a goldmine for your future.
Have you ever thought of a way of getting the money you make to keep re-accumulating more money on its own? I must tell you there is nothing wrong with taking your time to grow your investment portfolio. It could be putting your money in a saving scheme or starting a small business or investing in other people’s business.
Whatever it is, it is a principle of starting small and starting gradually. You have to go through various stages and process to achieve this, but just start and start now!
This is time when you should plan how you want to use your small or any kind of income you are generating to achieve a certain financial target. The kind of financial target you set must depend on the amount of income you are earning at a particular time.
The plateau management period is a re-strategizing period during which all your investment cards are placed on the table for analysis. It is good periods when all your investments must be re-align for you to obtain a good direction for the next stage of your financial life.
This is when all your savings are invested in profitable venture. You don’t have to wait until you are retired or you retire before you do this. This is the period when you should have an idea or information or even skills concerning the area where you want your money to work for you.
At this stage, you don’t just invest your money or go into any business without having insight and concrete knowledge about how such investment is operated or how the business will profit you and generate money to sustain your future. You cannot afford to lose your life’s saving at this stage.
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