Duration 9:31

9 SUPER Easy Ways To Build Wealth & Financial Independence | Build Wealth for Financial Independence

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Published 23 Apr 2021

Giving you 9 super easy ways to build wealth and become financially independent. Higher Profits with Zero Commission Trading on eToro: https://med.etoro.com/B15707_A105677_TClick_SStart% 20Building%20Wealth.aspx ⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯ Check Out FBE Favourites on IG if you Appreciate High Quality Products ⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯⋯ ✔ INSTAGRAM ► https://www.instagram.com/fbe_favourites ✔ FACEBOOK ► https://www.facebook.com/financebankingexplained ___________________________________________ PREVIOUS - VIDEO: Massive Gains with NanoX Stock, ► /watch/gjV72_9scV0s7 This involves making more money than you are making right now, then keeping this money, by paying less taxes and then investing this money, so that you can make more money. Now people often talk about the millionaire mindset, but what they actually mean is a dividend mindset. You should always think about how your money can make more money. Video Structure: 00:00 Intro 00:17 #9 01:06 #8 02:15 #7 03:09 #6 04:01 #5 05:17 #4 06:21 #3 07:35 #2 08:35 #1 The goal should be to invest at least 50% of your income, while working towards investing 90%. Now obviously, if you make $30,000 to $40,000 dollars, this will not be possible, but that’s where the other items on this list come in. You have to apply them all together and see it as an ongoing process, whereby you constantly increase your income, while decreasing the percentage of your income that you spend. Allowing you to steadily go from spending 80% of your $50,000 dollar income to spending 50% of $100,000 income. #BuildWealth #FinanciallyIndependent #Fire #firemovement #financialsecurity #financialfreedom #earlyretirement #retireearly #increaseincome #makemoney So while you are implementing all of the previous objectives, you are freeing up more and more of your income, so that you can invest it, in low risk and solid returning assets. This means putting your money into assets like Index Funds, high dividend stocks and real estate, so that you can enjoy guaranteed appreciation, over long periods of time. One of the best ways to do this is by investing in the S&P 500, because over the past 10 years, it has returned well over 13% on average and over the past 30 years, well over 10%. Once the money that you have invested becomes large enough, you could start investing it with top performing mutual funds or even small hedge funds, allowing you to sit back relax and watch your money grow. Disclaimer The value of investments can up as well as down. Buy and Sell at your own discretion and always act with prudence when making investment decisions. The income derived from this is not guaranteed. Make sure you have a well balanced and diversified portfolio. This will limit your exposure to fluctuations in a specific security. So this means spreading out your investments across, money market funds, low risk ETF’s, stable high yield dividend stocks, growth stocks and if you want the added risk, you could opt for forex, crypto and volatile penny stocks. Never invest all you savings or all your monthly/yearly income, but only the money you can offered to lose. Some of these links are affiliate links. Using them is a free way to support this channel. About - Finance & Banking Explained We dive into the world of international finance and banking, providing financial advise on a whole host of issues including, financing, banking, lending, mortgages, investing, trading, forex, borrowing, debt, credit & credit cards, passive income, regulations, and many more subjects. New York 2021/2022

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