What is Wealth??
Wealth is Investing money in various products which provide returns that can beat inflation in long run.
Lets first take the various options available for investments in India..
1.Equity (my favorite)
2.Debt including Bonds
3.Real Estate
4.Fixed and Recurring Deposits
5.Life Insurance (to some extent)
6.PPF
7.Commodities like Gold,Silver,Diamonds,Platinum and many more....
Now What is Wealth Creation??
In simple words it is an ongoing ,never ending process of getting higher returns with limited resources available, thereby making best possible use of such resources... herein money is the limited resource for each and every middle class family.
How is Wealth Created ??and what is the process??
Wealth is the end result of continuous and disciplined investing in long run. The process is simple- keep greed at bay ,be disciplined ,diversify and keep looking for opportunities.
Wealth is Investing money in various products which provide returns that can beat inflation in long run.
Lets first take the various options available for investments in India..
1.Equity (my favorite)
2.Debt including Bonds
3.Real Estate
4.Fixed and Recurring Deposits
5.Life Insurance (to some extent)
6.PPF
7.Commodities like Gold,Silver,Diamonds,Platinum and many more....
Now What is Wealth Creation??
In simple words it is an ongoing ,never ending process of getting higher returns with limited resources available, thereby making best possible use of such resources... herein money is the limited resource for each and every middle class family.
How is Wealth Created ??and what is the process??
Wealth is the end result of continuous and disciplined investing in long run. The process is simple- keep greed at bay ,be disciplined ,diversify and keep looking for opportunities.
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