Continuing from another thread I started some time back -
The power of compounding and 2% difference in investment returns
Another important factor on wealth building is saving early.
Very interesting statistics...
Full article here
It has been known and proven time and time again that wealth creation is just another skill which can be learned by anyone.
Cheers,
Oracle.
The power of compounding and 2% difference in investment returns
Another important factor on wealth building is saving early.
A study from PNC Wealth Management asked people worth $5 million or more in investible assets about the "actions that have most contributed to their financial success."
The No. 1 response? It wasn't income. It was "saving early and regularly." The second most common response was "making smart investment choices." In a distant third was "earning a lot of money." Ranked fourth was "controlling spending."
When asked to rank the greatest influences on their success, 63 percent said "hard work." That was followed by "good decisions" (16 percent). Only 9 percent said "luck" was the top influence on their success.
Very interesting statistics...
Full article here
It has been known and proven time and time again that wealth creation is just another skill which can be learned by anyone.
Cheers,
Oracle.