WEALTH is something that generated income for you even when you are SLEEPING. Wealth consists of your ASSETS that will make money for you without you working for them regularly like 9 to 5 job. Successful people spend their TIME to create wealth then just working for monthly salary. It is never too late to START.
1. PASSIVE INCOME:
You need to find a way to make Passive income for yourself, there are many ways like blog, YouTube Influencer, Rental etc. It is hard to give your TIME to it first, but you just need to PUSH yourself to start it. Read my blog for more information : https://atwalspace.com/15-epic-ideas-on-how-to-make-passive-income/
You can gain INDEPENDENCE and freedom with your own BUSINESS. There are no boundaries to EXPLORE and there are no restrictions to try what you want. You have UNLIMITED access to information, and you will be able to spend your time your way.
3. INDIVIDUAL DEVELOPMENT:
By exploring different options, you will find out what gives you PLEASURE. You will find what is the field that INTERESTS you the most. You will develop your new CHARACTER and PERSONALITY. It is way easier to grow in the filed that is of your choice and to which you want to give your 100%.
Being able to do different things will give you an experience and will give you an OPPORTUNITY to learn. You will try to improve as you go in your different businesses. It is always HELPFUL to learn different things. You can use that knowledge in other fields as well.
Having multiple SOURCES of income gives you security. One goes in loss other in profit provides you a BALANCE. You work without worry and you CONCENTRATE on your goals. Having a fear of fail scares, you and stops you from trying different things. But if you can somehow balance your failure and success you will go LONG way.
You need to be BRAVE enough to take risks. Successful people take CALCULATED RISKS and they make themselves READY for any kind of OUTCOME in advance. There are mostly two options, you will need to be ready to face both.
7. ASSETS OR LIABILITIES:
Understanding the difference between these two is very important. Liabilities TAKE money from you and Assets BRINGS money for you. You should be ACCUMULATING assets and not the liabilities.
You need to invest to generate wealth. Whatever SAVINGS you have it us sitting in the bank making money for the bank but instead you should invest that money, so that your money GENERATES money for you.
9. FOLLOW YOUR PASSION:
You should spend your TIME in doing what you LIKE because that is the way which will lead you to the SUCCESS. Follow your passion that you have left long time back it is never useless. If you are BUSY in making your career and still the thought of your passion HITS your mind, then you should GO FOR IT. You will give your everything to make it work.
With multiple streams of Income, you will be working with different people having different EXPERIENCES, it will bring DIVERSITY in your business and you will get new IDEAS every day to grow.