by: Dan Cavalli Business and Money Strategist
Wealth Building Strategies are necessary for everybody but is more advisable for young couples. For example, if a couple invests 300 dollars monthly in S&P Index for 30 years, it will give them a million dollars. Some people might keep wondering what they would do to get one million dollar all through their lives without knowing that they have the power in their hands.
I decided to use S&P index as an example because it represents over 65 percent of all the United States equity stock and has been recording over 11% in interest in the past 20 years. This isnâ€&#x;t some figures to joke with because the reality they post is that anyone can actually create wealth if such person knows how and determines.
Perfect Formula for a Stable Wealth System
There are lots of young couples who might not look at any wealth building strategies simply because they are already deep in debt as results of renting new apartment to start life, paying cell phone bills and the student loans that might still be hanging on their neck.
What these sorts of young couples donâ€&#x;t realize is that with the power of compounding interest rates, they can easily get to a million dollars in a couple of years without much effort on their side. They just need to start as soon as possible so that the time will start counting for them. Also read 6 Proven Wealth Building Strategies
Wealth building strategies can start from that $20 you save weekly. You may be thinking that it is nothing but by the time you realize that it has given you a thousand dollars you â€ždidnâ€&#x;t work forâ€&#x;, you might probably be inspired to increase the saving. The vital point is to start now and continue to keep something aside on a regular basis.
You can increase your savings but that wouldnâ€&#x;t be if you arenâ€&#x;t saving at all. There are many couples who were really surprised by the time they emptied their change jars. You can simply add up whatever that is left in your pocket for the day and keep it in this jar to be opened in six months. Believe me; the result will inspire more savings. Get business ideas at www.startingabusinessnow.com
As a young couple, your wealth building strategies wouldnâ€&#x;t be complete without finding the right mortgage. It is always much better to get mortgage with flexible terms so that you can save more on the interest. Also try to attend some valuable real estate investment seminars. FREE ABC's of Success at:
These isnâ€&#x;t just for where you are now, financially but try to look at the big picture and reason that the earlier you start climbing the financial and investment ladder, the best for the two of you.
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Like we mentioned earlier, there are many wealth building strategies you can take advantage of to be on the right route towards future financial security. You can start attending seminars and talks on wealth building and be sure to start climbing the financial ladder faster than your peers who donâ€&#x;t know the tricks you are tapping from. It wouldnâ€&#x;t cost you much to get the necessary knowledge to put your self and future family in sound financial footing.
You can use all these strategies to build wealth and start a business and improve your life but it means nothing unless you can build it quickly for the long term.
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About The Author DAN CAVALLI‟s noted by the “Financial Review” as one of Australia‟s “Internet‟s Untold Millionaires”. He is also the author of the internationally sold financial book, "Blueprint for Making Millions."
Free chapters of Dan Cavalli's book: www.blueprintformakingmillions.com
Published on Jul 20, 2010
Wealth building Strategies are for everyone who wants to become financially independent but it is advisable to start while you are young or...