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- Hype Sol! Records inc.
- Nov 6, 2024
- 2 min read
Building wealth in a high inflation economy is a very difficult task. The value of the dollar is becoming smaller and the price tags on goods are becoming larger and larger. The Federal believes raising the interest rates will curb spending within individual households and stimulate the economy. Employers have been hesitant to give a fair living wage by increasing the minimum wage to $15 therefore, alongside the interests rate increases, the ability to get ahead has been hindered by the government figure heads.
In 2020 the government gave as many citizens as they saw fit to receive a stimulus check, or two, or three and a child tax credit. Where did the people receiving the money think it was coming from? Their stimulus!
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The first thing to do when you’re building wealth is to make a list of what exactly you’re seeking. If you want to buy within the next few months from accrued income you need to make substantial investments. If you are planning to build wealth over time you can also make substantial investments, if you have the disposable income.
Disposable income?! Who has disposable income?! Actually, everyone reading this article! Yes, this means you! MillionaireResults20kx50 the name says it all. The bottom line to hitting $1,000,000.00 is $20k times 50! Once you build your formula for $20.00 times 50 and duplicate that for 1000 reps.
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