29 Nov '16, 4am

Is it Better for You to Only Know One Way of Making Money?: I was at a gathering recently where I get to interact…

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 …

Full article: http://thefinance.sg/2016/11/29/is-it-better-for-you-to-o...

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