WANT to get wealthy? For this, you need to earn well. For most of us, it means studying well, getting a good job and sticking to jobs. Of course, if you are talented and the masses are willing to see you play (Sachin, Virat, Smriti Mandhana, Harman Kaur) or willing to see you act (Sharukh, Deepika) you will earn a lot of money, but that requires a lot of talent.
Earn Well. Spend Smartly. Invest Wisely. All 3 actions are important at the start and then you should keep investing in a diverse set of income-generating assets. This income could be received or accumulated. Accumulation is better simply because Capital Gains Tax is lesser than the Regular Income tax.
While this advice sounds easy enough, the hard part comes when deciding what kind of income-producing assets to own.
Esta historia es de la edición November 21, 2022 de The Morning Standard.
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