This week is part 3 of a three-part series on how to build wealth. For the last couple of weeks, I have mentioned in the intro that recessions make more millionaires than economic booms. If you play your cards right in the next year or so, you can build a tremendous amount of wealth.
So, on this three-part series, I'm giving you a step-by-step approach to building wealth.
In week one, I explained the difference between income and wealth. And I also covered step one in the process which is to create a wealth mindset. If you want to be wealthy, you have to think differently than broke people.
Last week was step 2 which was how to increase your income and household profit. By the way, if your company is downsizing, make sure to listen to last week's episode. When companies begin to lay people off, it may be a golden opportunity to be able to increase your income.
This week, we cover the final step which is to get your money to work for you. You can't do this if you have maxed out your credit cards or if you are living beyond your means. However, when you understand this concept, you can generate wealth very, very quickly.
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Show Notes: Doug Staneart Explains Wealth Strategies for Any Age (https://www.leadersinstitute.com/how-to-build-wealth-in-three-simples-steps-wealth-strategies-for-any-age/)