There is a lot happening the world around us, the developed markets are seeing an increase in
the Central Bank Rates, the cost of living is increasing due to factors well above even the
governments of the day and we are seeing investors fleeing more risky assets as they all
adopt a wait and see attitude. In the middle of all this it is time to relook at the basics and see
what is it that we can do to rework our wealth creation pillars and is there anything that we
can adjust to make it all work for us and take advantage of the current situation.
Wealth creation is like three-legged stool that comprises of three steps:
i) Create and income source
ii) Save as much as you can
iii) Invest the cash in the best way possible.
The three pillars are interrelated and the mastery of one helps in growing the others as much.
Income: When it comes to income one should always ensure that they are making the best
amount for the time employed in what they are doing. This can be done by investing in
oneself, believing in themselves and commanding what they truly deserve. This is true
whether one is employed or in business. To start here one must start by looking at where they
stand and asking what is the best they can with the said resources that they have
Saving: It is often side that there is no one that became rich from investing which is true but
No one can become a great investor unless they are also a good saver. Saving helps create the
self-discipline that is required in wealth creation. One should create saving habits that once
If they do this, they can graduate to much better investments. We should try to use the
available savings applications and methods to help create the right discipline
Investing: Investing is for wealth preservation, not wealth creation, so first you have to
make wealth. James Altucher. Investing is making the cash we have to work for us. One
should invest wisely and understand the key basics of each investment ie the Return, the Risk
and the Liquidity of the various investments before putting in their cash to it.
Despite where you are in your wealth creation journey join our community and let's walk the
journey together. You can learn more on this from our book Thrive or join our free webinars
but if you want more in-depth understanding and have an accountability partner join our