What is the secret of wealth creation?

Everyone wants be wealthy. How do people go from zero to 100? How do they go from poor to rich?

Anybody can get rich. It doesn’t take genius. Nor are special talents required. You don’t need to be lucky. And you certainly don’t need to be privileged. What separates them from the pack are their habits.


Knowledge can be acquired and skill-sets developed anywhere – learning is unavoidable and happens all the time. However, lifelong learning is about creating and maintaining a positive attitude to learning both for personal and professional development.
While you are employed, take advantage of training, coaching or mentoring opportunities and work on your continuous professional development as you will likely become better at what you do and more indispensable to your current or future employer.

Secret #2 EARN, EARN, EARN

Learning is important but its application gives you the earning capability. People will pay you for your knowledge but how much can you earn from knowledge depends upon the application of what you learned.
From a finance point of view, a more highly skilled and knowledgeable worker is an asset to any company and can lead to faster promotion with associated salary increases.

Secret #3 SAVE, SAVE, SAVE

Buffett shared this bit of insight during a interview. “I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit,” he said. Another big mistake, he added, is trying to get rich quick. “It’s pretty easy to get well-to-do slowly. But it’s not easy to get rich quick.”
First things first. You can’t build wealth if you don’t save money, and you can’t save money if you don’t know what you have and how you spend it.
Another rule of thumb that people use is the rule of 8x. This rule of thumb recommends that you save 8 times the salary you have by the time you retire. By this yardstick, you’d do well to have 1x your salary saved by age 35, 3x your salary saved by 3X by 45, and 5X by 55.


Financial planning is the process of defining your financial goals, such as knowing when you will need to use your money, and what you will be using it for, and then laying out a plan of action with specific steps you need to take to achieve those goals.
There are tons of different ways to invest.The best one and time tested are – Equity ,Real Estate and Bonds & FD.


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