#معلومة_وفائدة
American Investor: 5 Steps to Transform from Bankruptcy to Building Wealth
🔴American investor and self-made millionaire Kori Arnold revealed 5 steps that can help you escape poverty and start building your own wealth, indicating that the dream of wealth is not as difficult as some people imagine.
The American investor said: "5 easy steps to transform you from bankruptcy to growing your wealth."
📍Organize Your Finances
Do not ignore your money; review all your accounts and bank statements, and you can use digital tools to facilitate this.
📍Track Your Money
Monitor your expenses and income to understand your financial habits and correct unhelpful spending choices.
📍Create a Clear Budget
A budget gives you control, and it is preferable to follow the 50/30/20 rule (50% for needs, 30% for wants, 20% for investments).
📍Monitor Progress Over Time
Measuring progress in reducing debt or increasing wealth enhances long-term commitment.
📍Enhance Your Financial Knowledge by Reading
Read books by experts like Suze Orman and Dave Ramsey to improve your money management more effectively.
🇾🇪🇾🇪🇾🇪🇾🇪🇾🇪
