I was at a gathering recently where I get to interact with many knowledgeable yet interesting people in the finance space.
During a conversation, I was asked that since I write about different ways to build wealth, how do I segment the different ways to build wealth into my strategy?
My answer is that: Currently I do not have many different ways
. I believe I only have one kind currently.
Let me briefly explain.
You need to Move from Knowing Nothing to know some Wealth Machine(s)
Wealth Machines are a way I describe systems in which you can build sustainable wealth. You can
read more about wealth machines in this article.
When I started this journey I am only acquainted with one kind of wealth machine and that is
fixed deposit. That is probably the safest and most sustainable wealth machine that requires very little competency (although nowadays you require ......