Upgrading Your Wealth System

As you know, the premise of Wealth Systems is to share the different strategies, tactics and technology (collectively, systems) that we can use to build wealth.

We started with an emphasis on the mentalities that help us form wealth, namely:

1. Spend Less Than You Earn: This is the most fundamental rule of wealth building. It doesn't matter how much you make if you spend it all. Track your income and expenses, create a budget, and find ways to save.

2. Increase Your Income: Look for opportunities to increase your earnings, whether it's through career advancement, side hustles, or investing in yourself through education or skill development.

3. Save Consistently: Make saving a habit. Automate your savings by setting up automatic transfers to a savings or investment account.

4. Invest for Growth: Your money should work for you. Invest in diversified assets like stocks, bonds, or real estate to outpace inflation and grow your wealth over time.

5. Manage Debt Wisely: High-interest debt, like credit card debt,…