Investment and Growth

A major key to building wealth is in making your money work for you, instead of you working for your money. If you work for five days in a week and spend all your income without investing any of it, you will have forever lost those five days of work. Wealthy and successful people take a portion of the income from each day and put it into investments that grow on their own, automatically and without any further work, over a long-term period. That way, a portion of each day that you work for money ends up working back for you for many years to come. That is a major key to wealth, getting a percentage of your income every day to work back for you without your intervention.

You do this by taking at least 10% of your daily income before taxes and bills, and putting that into a long-term investment for a minimum of about three years. This will help to improve your business profile.

Good investments include stocks, mutual funds, and certain types of bank accounts that have high and above-inflation interest rates, real estate investment vehicles, bonds, royalty-producing assets, self-maintaining business commodity, and so on. These investments do not require you to work for your money. You simply invest, walk away, and your money grows all on its own.

Even one dollar can turn into a million dollars in a certain amount of years at a certain compound interest rate. Now, if instead you put in a dollar every single day into the same 20% a year growth investment, you would end up with $1 million in 32 years instead of 75. All this wealth growth happened without any extra effort except putting money away into the investment, proving it’s an initiative worth pursuing.

These people were not doing anything secret - they were investing in publicly available investments. They were investing in well-selected shares in the stock market - and anyone can do this. You can do it as well starting now. Just remember, choose your investments well, invest consistently, and put 10% aside from every single paycheck or income. Consistency is the key.

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