The Five Pillars of Building Wealth
Every pursuit in life is built on a few basic ideas. For example, science has relied on theory and experiment as its foundation for centuries, helping us understand the world better.
The same goes for building wealth. I’ve identified five key principles that guide how we can build wealth smartly and responsibly. You’ll notice these ideas behind every successful approach to creating personal wealth.
1. Self investing
To create anything meaningful, you must first invest in yourself. This principle is the foundation of every personal pursuit.
What do we mean when we describe someone as “wealthy”? Or when we say we want to build wealth? A quick search for the word wealth defines it as “a plentiful supply of a particular desirable thing.”
So, what is that desirable thing we all seek? Is it money? Time? While these are the most obvious answers, there’s more to consider.
Another desirable thing in today’s world is ideas. If you look closely at how people achieve wealth, it always starts with an idea. Every invention, business, product, and career began as a thought.
As Napoleon Hill once said:
“Ideas are the beginning points of all fortunes.”
