13 Strategies for Wealth Building

With the right strategies, everyone can build wealth over time

Photo by Morgan Housel on Unsplash

About the Author

Benjamin O. Tayo is a data science educator, tutor, coach, mentor, and consultant. Contact me for more information about our services and pricing: benjaminobi@gmail.com

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INTRODUCTION

Wealth building is the process of accumulating assets and financial resources over time to increase your net worth. It involves making strategic financial decisions and investments to grow your wealth and achieve long-term financial security. Here are some key principles and strategies for wealth building:

1. Budgeting: Start by creating a budget to track your income and expenses. This will help you identify areas where you can save and invest money. There are so may apps that you can download on your phone and use to keep track of your monthly spending. You can also use a budget book where you manually write down your expenses for the month. The…