What is the next step beyond fighting debt? Well, growing your wealth of course. I am currently in the midst of working on growing my wealth through different means. I have stared to invest, save more, use credit to my advantage, and focus on earning more money beyond my job. There are many things one can do in order to build their wealth. Ever since I paid off my last credit card in 2012, I have been on a wealth creation mission. You can’t expect to wait for your job to give you a raise, you have to work for it. Wealth is driven by a strong savings sense and hard work. Want to see your net worth on the rise? Let’s get started!
Investing is all about making sound money decisions and keeping your emotions in check. Many people are scared of investing because of the thought of “losing it all!” I get that, but I challenge you to break through and start investing some of your money. You shouldn’t ever throw all of your eggs in one basket and investing is the same way. Diversity is key!
- Should I Invest or Pay Off My Student Loans
- Lessons We Learn from Warren Buffett
- Want to Start Investing? Here’s How!
How can you grow your wealth if you just spend all of your money? Savings is such a big part of wealth creation and just personal finances in general. If you haven’t learned how to save your money, then you should take the time to start. My whole financial life has changed since I started socking away money every month.
[box type=”info” align=”aligncenter” ]I Recommend a Capital One 360 Savings account[/box]
Use Credit Wisely
If you were once in debt like me, then you might be scared to use credit again. No matter if it comes in the form of a loan or a credit card, abusing credit is a very real issue. What I learned is how to deal with my spending habits and emotions. I have taken control of my issues and harnessed that into learning how to use credit in a wise manner without spending a dime in interest. It can be done and I do it everyday!
- My Secret to Earning Credit Card Rewards
- What is Credit Card Churning and How Does it Work?
- 5 Rules for Using Credit Cards Without Going into Debt
Make More Money
Many people expect more money to fall into their laps. Unfortunately, that is a dream most likely not reached. We have all heard that money doesn’t grow on trees and it is true. If you want to make more money, you need to get out there and earn it. I have been “side husting” for years and have found it is one of the best ways to make more money and grow your wealth.
- Want to Make More Money? Here are Some Ways
- How to Find a Side Hustle
- How to Find Freelance Jobs and How I Do It
You can also check out the different articles on how to earn extra money.