Investment Nuggets: Rudiments to building wealth

in #invesment6 years ago

The key to building sustainable wealth that the world would benefit from is anchored on your determination plus focus and love for the satisfaction of your customers. If you must stay undefeated in the business of whatever it is that you are doing then you must learn to look away from your personal benefit in the short run and and look forward to new and better ways of improving the lives of those in your sphere of contact.



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Building wealth begins with affecting the world where you are with the better investment of your good personality. It is been able to identify a market and meeting those needs in a unique way. Sometimes its not about bringing something new into the market but about using what is already there and delivering it in a unique package and making it more valuable.

Rather than primarily focusing on technology come out with workable strategies on getting to know the people.
Interact with the environment
Know their culture and see how you can blend in your product or service.

This would give you an edge amongst others. You however have to understand that building wealth is an investment.
according to Grahams definition, ''an investment operation is one which upon thorough analysis, promises safety of principal and an adequate return''. Of course it is evident that there are many investment vehicles out there; stocks, bonds and real estate. Before you invest, you must decide how much risk you are comfortable with.
overacting to so called ''hot'' investment opportunities can put you in danger of losing your money. Thus investing just want you are able to lose (just in case) or dividing your money between different types of investment (diversifying) can and would help reduce your risk on your path to building wealth.



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1.Decide exactly what you want and why you want it.
Sometimes a lot of persons are too haste to make investment decision that may cost them regrets in the long run because in the first place they were not disciplined enough to ask the what and why question.
Do not be in a haste to pull your money in because others are doing so. Knowing ''why'' would to some extent give you some sense your strength when the tide fluctuates.

  1. Set smart goals for your wealth building process. Having a smart plan keeps you ahead of the game. its your sure road map to knowing when to strike for a big catch and when to exit.

Investment is not mere donation. thus knowing when to put in and when to pull out would better position you to making sustainable growth and build solid wealth.

  1. Before you build, evaluate the cost and weigh the cost.


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  2. Decide how much you can invest with and how much discipline you require to wait for the harvest. let they say ''Rome was not built in a day.''

Investigate carefully before you invest, spend more time to review and understand the trend s and the technology behind what you want to put your resource into.

Invest time before you invest money. Do not just aim being rich without knowledge or experience about the money. Learn how money has been made or and loss in the system before you decide putting you money there. Understand how the system works and what you would have to do or not do at time ticks. This data base of valid background check would better position you in taking the right decisions.

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Well knitted article.

Just the very thing that I need right now.

Cheers @samuelwealth

nice article it is much helpful for budding entrepreneurs . thanx for sharing

thanks. i am glad you loved it.

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