How To Build Wealth (7 Tips)

In this video, I will show you a potential strategy to build wealth as a teenager.
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FIRST:
Get some sort of mentor or coach. Get outside of your comfort zone and connect with people you never would have before. Engage with people older than you, who have already had or achieved some sort of success.

SECOND: Turn yourself into someone valuable to maximize your earning potential. If you can only do everything everyone else can do then you won’t be considered valuable. Finding ways to increase your earnings and bring in more income is fundamental to becoming rich. If there are 100 people out there can do do the exact same thing you’re doing then you’re not valuable. The world pays you to solve their problems so if you can do that then you’re golden.

THIRD: Whittle down your living expenses. Don’t spend your money unless it’ll make you more money in return, whether that’s reinvesting in your business or buying something like a new laptop or tool for whatever you’re doing.

FOURTH: Have multiple streams of income

FIFTH: Create passive income.

SIXTH: Cultivate a money mindset, your beliefs and attitudes about money influence your ability to achieve and maintain wealth. What is your philosophy when it comes to money? What do you believe about saving money and paying your debts? What kind of lifestyle are you accustomed to?

SEVENTH: Don’t buy depreciating assets.

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