* Financial Foundations to Build Wealth. > Have a positive cash flow Having a positive cash flow is the most crucial point in building wealth. Without a positive flow of money, your finances are easy to "collapse". 1. Reduce debt and settle your debts. 2. Lower expenses, try to live within your financial means. The point is, don't be "bigger a peg than a pillar." 3. Increase the amount of income, Find other sources of income. Don't just rely on one source of income. You can increase your income by looking for a side job, selling, and so on. >> Have financial security (safety net). 1. Insurance. 2. Emergency Fund. >>> Have passive income. 1. Investment Don't just invest. You need to learn and understand the intricacies so that investment funds can be maximized. You have to understand the investment instrument, how to choose it, analyze the available variables, and always find out the latest information about your investment. After that, let the money work for you. 2. Business and business. Please learn from your affluent friends/family. They usually have businesses that provide stable passive income. >>>> Hopefully what you build, can run well, correctly and smoothly. If you have any ideas add them in the comments... best wishes always... #IndoJp #Noisensei #NoiseCash #Bch #Knowledge #Financial #Business
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