How do you go about finding the money to build wealth?
A question that is on many young graduates mind, when they first step out to work in their first job. Young Graduates who got lit by the fire from Robert Kiyosaki’s Rich Dad Poor Dad, or Warren Buffett Books and Memes.
Today, I will enlighten you:
- How I got start
- Philosophically how I look to build my capital
- How that philosophy changed over time
For many of us it usually comes from our disposable income, the income after deducting mandatory taxes such as the CPF.
Without capital, you need to use a higher return wealth machine (what is a wealth machine) which tends to require more time and knowledge to manage well, which also means your returns are more uncertain.
Getting to $1 million from $50,000 and $500,000 in 10 years
A good example to illustrate this …