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It is safe to say that just about everyone wants to be wealthy. Some want to be wealthy like Bill Gates, and others simply want to be able to stop working and/or retire early. And some simply want to stop going deeper into debt and dig themselves out of that hole.
So how do you do it? How do you become wealthy?
Step 1 is easy. You have to spend less money than you make. If you make $3,000 a month, you have to spend less than $3,000 a month. There is no way around this fact of life. Once you make more than you spend, you can get out of debt and start saving money. With the money you save you can start building wealth. Click here to learn more, or look for books like this one or this one at the library/bookstore.
Step 2 is more interesting. If you want to be truly wealthy -- as in, able to quit your job for good -- you are going to have to find a way to create passive income. That is, you have to be able to make money without working. There are lots and lots of ways to do that, but here are the three most common:
What you will want to do is spend a lot of time learning about the stock market and different ways to play it. If you look on Amazon you can find a million books on the subject. Read 10 of them and start to form a strategy. Then practice before playing with real money.
Again, you will need to read and study before you invest real money.
Step 3 is easy. Either you enjoy your wealth, or... and this is a little odd... you go off and make even MORE wealth because you enjoy the process so much. Have fun!
Go to the Helpation Wealth Forum!
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