There are 3 stages for building wealth.
1. Making money.
2. Keeping money.
3. Growing money.
Making money requires you to take actions. Making money is easy. Eg: Earned income from Job, Business & Profession, etc
Keeping money is about your temperament & all about your spending & saving habits. Remember, money saved is money earned. Most people spend money even before they have earned it. (For eg: The EMI payers). Eg: Saving what you earned.
Growing money: Once you’ve passed the above 2 gates of making money & keeping money, you’re allowed the access of growing money. Here you invest money. You don’t mandatorily need to take actions. Passive income keeps hitting your account while you are pursuing your interests. You don’t work for money, money works for you.
Most people aren’t aware of the rules of money & playing the money game. Guess what? When you play a game where you don’t know the rules; you make errors, mistake, default & lose the game.
Know the money rules & win the money game.
