WEALTH CREATION AND MANAGEMENT

ABOUT WEALTH CREATION AND MANAGEMENT

Wealth creation is the process of investing in different asset classes where  investments will help to meet key needs. These investments must also be self-sufficient and generate a steady source of income that will help achieve their aspirations.Wealth creation is more efficient if it is started early. Starting to invest early in life will give you a head start on achieving your goals. It also helps to generate higher growth in the long run. This is due to the strength of the composition. The power of composition is a concept that will help build a substantial body of work in the future. The concept of compound interest is to reinvest the profits in the fund to achieve the highest growth rate of Therefore, the longer you invest, the greater the return on wealth.Wealth creation  always begins with setting financial goals. These goals should then be categorized by time period. For example, the goals  an investor wants to achieve in the next few years will be short-term goals. Likewise, there can be medium-term goals and long-term goals. Short-term goals are the ones we want to achieve in the next 13 years. The medium-term goal is what we want to achieve in the next 35 years. And any goal after five years is considered a long-term goal.

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