How to be Wealthy

Personal finance plays such a critical part in our lives, and for some reasons our education system never teach us about it.

Studying personal finance can be overwhelming at times with all these information on the web, and so call ‘experts’ giving out contradicting advice. However, accumulating personal wealth and becoming financially independent does not have to be difficult.

In fact, creating wealth is a simple four steps process, including :

  • Making it
  • Keeping it
  • Spending it (wisely) and
  • Growing it.

Let’s study them together and find our more about each stages

Making It

silver and gold coins

Photo by Pixabay on

How do you make money?

If you are like me, growing up in a low to middle income family where you parents work in blue collar jobs, you were likely being told that we should get a good education then get a job that pays for the bills. Simply put, we were told to trade our time/knowledge for money.

If you are at a younger age and still in school, the other ways to make money is to trade income with physical labour (e.g. my first part time job at the age of 15 was cleaning the kitchen for a local bakery for $5 an hour).

Have you ever wonder why some people get pay over $50 per hour or even $500 per hour, when some are being pay the minimum wage from $10 to $15 per hour?

The answer lies in the value (whether it is actual or perceived) they have in the market place.

Keeping It

money pink coins pig

Photo by Skitterphoto on

Spending it (wisely)

working macbook computer keyboard

Photo by Negative Space on

Growing It

black calculator near ballpoint pen on white printed paper

Photo by Pixabay on