Top 5 Ways to Build Wealth
by Drew Little
1
Start Saving Early
Save early, save long. The earlier you start, the less impact it has on your lifestyle.
To save $2,000,000:
$300/month
40 years
$900/month
30 years
$2,600/month
20 years
2
Leverage Compounding Interest
Compounding is free money. With average returns of 10% per year, your money doubles roughly every 7 years.
Example:
$300/month for 40 years grows to $2,000,000, from just $144,000 in total contributions.
Use dollar-cost averaging
Invest consistently to buy more when prices are low and less when they’re high.
3
Automate Savings, Don’t Budget
Automation beats budgeting. Save first, then spend the rest.
Most Americans save too little.
The average 50-year-old has just $117,000 in savings—far below the $1,000,000 needed for retirement.
With BeWealther’s system, saving and investing happen automatically.
4
Make More, Save More
As your income grows, increase your savings.
Follow the BeWealther mantra:
Save first, spend later.
Automate transfers into your investment account at the start of each month.
5
Invest in Yourself
“The best investment is in yourself.”
- Warren Buffet
Developing skills increases your earning potential.
Ways to invest in yourself: read books, watch educational videos, attend workshops, and seek mentors.
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