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#09: What kind of Wealth Creation Path is right for you and how you can make the best out of it?
The wealth growing path of each person varies. And the 4 key criterion include the followings
An investor’s personality is going to affect the wealth creation path and how one’s they allocate their resources – time vs money.
Risk Adaptability refers to the level of risk that the investor is ready to take. If you have listened to one of my FAQ series, one of the questions I have addressed is the type of risk one will need to consider when they invest. Here in short, there are market risk, construction risk, political risk and natural disasters etc.
There are 3 levels – Short Term, Mid Term and Long Term.
Short Term – 1 to 3 years
Mid Term – 4 – 7 years
Long Terms – 8 – 20 years
Each time frame work for certain people with their unique goals and situation.
Here, there are actually 5 typical wealth growing path. And remember, every person can have multiple paths. It just all comes down to which path is the BEST OPTION at that very moment in your life with your current situation here. To support you understand yourself more, I have prepared a Free Assessment to help you find out which wealth growing path is right for you. Check it out now and enjoy the assessment report and the surprises resources I have tailored for you.
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By ReneeThe wealth growing path of each person varies. And the 4 key criterion include the followings
An investor’s personality is going to affect the wealth creation path and how one’s they allocate their resources – time vs money.
Risk Adaptability refers to the level of risk that the investor is ready to take. If you have listened to one of my FAQ series, one of the questions I have addressed is the type of risk one will need to consider when they invest. Here in short, there are market risk, construction risk, political risk and natural disasters etc.
There are 3 levels – Short Term, Mid Term and Long Term.
Short Term – 1 to 3 years
Mid Term – 4 – 7 years
Long Terms – 8 – 20 years
Each time frame work for certain people with their unique goals and situation.
Here, there are actually 5 typical wealth growing path. And remember, every person can have multiple paths. It just all comes down to which path is the BEST OPTION at that very moment in your life with your current situation here. To support you understand yourself more, I have prepared a Free Assessment to help you find out which wealth growing path is right for you. Check it out now and enjoy the assessment report and the surprises resources I have tailored for you.