"How to accumulate wealth"
Image by S K from Pixabay
How to accumulate wealth is something that everyone is eager and curious to know because alot of people has worked their asses out trying to accumulate wealth but still their efforts proves to be abortive , so this is one topic that has kept people on their toes to ascertain the secret behind been wealthy.
How to accumulate wealth
1 #Good debt: a good debt is debt incurred by a person to venture into a business that will inturn take care of the debt. Example I incurred such debt to open my point of sales(p .o .s) business and it wasn't up to two months, the business accumulated enough money to open up another branch and also settled the debt. Why do you think rich people get richer and accumulate wealth, it is because they sit back and study a particular business after which the take the risk of getting a loan, start the business and watch it grow to accumulate wealth.
Image by Sergei Tokmakov, Esq. https://Terms.Law from Pixabay
#investment
The truth is that the level of a business is as a result of the risk taken by the business and if you want to accumulate wealth you must be willing to take a particular level of risk in the form of investment. The phrase "invest small and earn big" is true in our world today, you can decide to invest small in steem today that the price of steem is as low as $0.0810 and when steem price appreciates (increases) to $5 in the future , you will be shocked by how much wealth you have accumulated.
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Image by Olya Adamovich from Pixabay
#savings
Saving is also a means of accumulating wealth especially when it is form of a fixed deposit for a stipulated time .like the saying goes a journey of a thousand miles begins with a single stride, so no matter how little the savings is, it will definitely amount to something at the end
Am optimistic that I have done justice to the topic, I would like for@patjewell @rezvan @vivigebelis and @madilyn02 to join the contest.