Apply 15 Offense & Defense Strategies For Building Wealth Fast

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As a football mom, I watched my son, Tyler, and his high school teammates win games playing offense and defense strategies.

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If your financial goal is building wealth, this post is for you. Like in football, to attain your goals, you need to have a high level of conviction to turn your sights on making a reasonably high income, building assets, and keeping your liabilities manageable.

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Building wealth is achievable from a modest beginning. That is my story, and it is not as unique as you think. We believe it is possible to build wealth even if you come from modest means when you apply offensive and defensive plays early in your life to accomplish your goals.

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How To Build Wealth With Offensive Strategies In Place

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1. Getting An Excellent Education Depending on your starting point, you can strengthen your path to wealth by getting a good education in a desirable career with a high-income potential.

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2. Get A High Income Boost your income by increasing your value to the firm, maximizing your income with raises, promotions, or bonuses.

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3. Negotiating Skills There are times you will wonder and ask, “Am I paid fairly?” If you are productive at work, have excellent performance reviews, and have more responsibilities, but your salary hasn’t moved, that’s a sign you may have to negotiate for yourself.

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4. Additional Streams of Income Depending on your situation at your primary job, you may have the energy and interest to consider additional income streams from a side hustle, hobby, or potentially starting up your own business.

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5. Investing In Assets Investing is the best path to building wealth. You should start to invest as early as possible to benefit from the power of compounding, adding interest on interest to your returns.

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6. Consult A Financial Advisor As you grow your assets, you may consult a financial advisor. There are many choices to choose from, including traditional wealth management firms, Robo-advisors, or a combination.

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7. Create A Budget Plan a reasonable budget and understand your finances, especially your living and discretionary expenses. Keep your spending to moderate levels.

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Swipe Up To Read More about Pros and Cons of Universal Basic Income

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