1K views · 19 reactions | Financial advisor Peter Mallouk offers tips to millennials on how to invest their first $1,000 in savings. | CNBC Make It | Facebook
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You want to be wealthy? Start with the 6 fundamental steps . 1. You will never become rich on your salary alone 2. Inflation steals your wealth so make sure you are investing and your money is compounding 3. Buy assets that make you more money instead of liabilities that cost you money! 4. Never spend more than you make. High credit card debt is really hard to get out of and the interest rates will turn a small debt into a large debt fast if not paid off in full 5. Pay your future self first bef
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There are three things each person should do with their money. \t1.\tGive \t2.\tSave \t3.\tSpend Everyone should have the option to take their income and use a portion of it to build wealth without judgment, this falls into the “save” category. The “save” category is super important because it has the ability to exponentially increase the “give” category over time. That’s the beauty of building wealth. Being a good steward of what God gives you is so important. And part of that responsibility is
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