Let’s understand the difference – Getting Wealthy vs Staying Wealthy
Many people assume that if they create ample of wealth, they shall remain wealthy for the rest of their lives. Apparently, it is not true. When you are in adulthood, getting wealth is feasible and if you specialize in wealth creation practices and you can stay wealthy for a long time only when you have a plan in place. If you accept a piece of advice from our top financial planner , you must understand that creating wealth requires a concentrated portfolio. It will include taking risks, being active and add some personal involvement, and not to mention your luck. On the other hand, when you want to preserve your wealth, you will require some level of diversified portfolio, lower risk, passive involvement, along with a disciplined involvement process. The strategies for preserving wealth are the alternative of those for generating the same. If you are planning to create a corpus for your retirement, here are a few actions you can take. You must plan for your financial growth – One wh