Compounding Adds Power to Your Wealth System

Wealth Systems is dedicated to empowering each reader to improve their lives by building wealth.

We’ve studied what wealth is.

We’ve studied the components of a wealth system.

Now we’re going to explore how to add power to your wealth generation engines.

The reality is your system will depend on your situation — and your situation is a function of your current position in relation to your ultimate goals.

There are fundamental principles that underly all wealth systems without regard to status or situation:

1. Understanding Wealth: Define what "wealth" means to you beyond just money. Is it financial security, time freedom, early retirement, or passing on a legacy? Clarity on your goals helps guide your decisions.

2. Know Your Numbers: Track your income, expenses, and debts. Create a budget to understand where your money goes and identify areas for improvement.

3. Minim…