If you want to create real wealth, you need to be more than just a good saver. You must make the transition from ‘saver’ to ‘investor’. Why? Because if all you do is save money, you are not building wealth. The returns you earn are eroded by inflation.
Investing is different to saving because it involves putting your savings to work and accepting an element of risk in exchange for growth potential.
Investing is all about being active with your money now so as to build something in the future. Many people believe that to create real wealth you need a lot of money to begin with. Not true. What you really need is the discipline to put your money to work on a regular basis. And, the sooner you start the better.
Disclosure Statement: Paul Burton is an Authorised Representative #244695 of Professional Investment Services Pty Ltd (ABN 11 074 608 558, AFSL 234951).