When I detailed my Wealthy Formula used to build my wealth (read it here), I said that you need to build wealth wisely.
Why do I add the word wisely in there?
Building wealth is a process. You start from knowing nothing, to knowing a little bit, to knowing more. A long the way you make mistakes, learn from it, build up these experience and then you find your unique way of building wealth that suits your lifestyle, your character.
The problem is that many folks give up on building wealth along the way because they do not understand on a high level, how to gain the wisdom to build wealth in a fundamentally sound manner.
I try to deconstruct this, and I arrive at the following framework how a person gains wisdom to build wealth.
This framework applies to not just making money, but also if you …