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Wednesday 15 January 2020
Nine Keys How to Grow Your Wealth

By Bonnie Gortler 8. Take advantage to
NEW YORK, US — Wouldn’t contribute to a retirement
it be great if you were able savings plan if offered by
to be kinder with your- your employer. Start with
self when thinking about 2-4% of your income and
wealth? There is no need then increase the contribu-
to rehash those past expe- tion to 10%.
riences that may not have 9. If you are not work-
worked out and held you ing and need money to
back from achieving your live on, do your best to limit
financial goals. Lessons yourself to withdrawing four
learned ultimately make percent or less a year. In
you better. It’s when you this way, you will preserve
do not learn from them, your capital for later years
and you repeat them, that and be less likely to run out
it becomes a problem. of money.
Do you have a system in Investing in the stock mar-
place to bounce back and ket is an excellent way
turn things around to move to grow your wealth over
you closer to your financial time. As you begin taking
goals? If so, take the time responsibility for your mon-
now and pat yourself on ey, you will be setting your-
the back. If you’ve yet to self up for success because
create a system for your- your money is working for
self, you can start today by you. Start now. By start-
developing a plan which ing small and going slow,
includes consistent habits those changes over time
that you can follow. This will come to pass by in- expands. Create your fi- money invested than what (not all at once), would lay
Your plan doesn’t have to vesting in the stock market. nancial plan with short and you are comfortable with a strong foundation toward
be complicated or disrup- Isn’t the stock market risky? long-term goal-oriented investing. Reduce your in- growing your wealth.
tive to your everyday life. Yes, there is a risk when in- action steps that are simple vested position in small in- If you liked this article, you
For best results, keep it sim- vesting in the stock market. and will not cause you to crements. If you are worried will love Bonnie’s Free eB-
ple. With some thought and Although stocks are riskier stress over your decisions. or find yourself not sleeping ook: Grow Your Wealth
preparation, you can cre- than keeping money in a Time and experience as at night, then you are too And Well-Being
ate a plan which includes a savings account or by ac- your skills improve, help you invested.
system for achieving more cumulating a Certificate feel more comfortable and 4. Manage your risk About Bonnie Gortler:
wealth and financial secu- of Deposit (CD’s) with a confident in investing. Start by avoiding taking large Bonnie Gortler, the Wealth
rity. You don’t need all the fixed yield, they have his- now by using a few of the losses on your investments. & Well-Being Coach, is a
answers right now to get torically had higher re- nine keys listed below to Remember, small losses successful stock market
started. Whether you’re un- turns that beat inflation, grow your wealth. are the best losses you can expert who has been in-
der 20, in your 30s, or over thereby helping you grow Nine Keys How to Grow have. strumental in managing
50, it’s possible to make life your wealth. A solid finan- Your Wealth 5. As you grow older, multi-million-dollar client
and money changes for cial plan that includes the 1. Create a plan to it’s a good idea to move portfolios within a top-rat-
the better. What you want stock market opens more start saving and investing your assets into less-risky in- ed investment firm during
is an action plan that will doors of financial opportu- as early as you can. Small vestments. A quick rule of her over 35-year corporate
grow your current income nity because you are cre- sums of money add up thumb is to have an alloca- career. As the author of
into sustainable wealth, ating an additional source over time. tion to bonds that is equal “Journey to Wealth”, Bon-
turning your dreams into re- of income that compounds 2. Diversify your invest- to your age. nie has made it her mission
ality. over time. Once you start ments into a broad mix of 6. Develop an exit to share the importance
investing, your money will stocks and bonds. Don’t strategy that will go into of risk management and
By developing consistent be working for you. put all of your money in effect at a predetermined how to enjoy true financial
habits, and with adjust- It’s not necessary to dive stocks. Use Exchange Trad- time, giving you the leeway well-being by applying the
ments, you can make a into the stock market with ed Funds (ETFs) or mutual and flexibility to reduce technical and mental sides
big difference for your fu- all your assets. You can funds where they pool to- your risk. of investing. Bonnie has an
ture, so you feel good and start small and go slow. I gether a basket of stocks or 7. Keep your invest- M.B.A. in Business Adminis-
are not stressed or worried recommend you start slow bonds to diversify your port- ment costs low. High trad- tration and is a certified life
about your finances. because as you begin in- folio and manage your risk. ing costs eat into your gains coach. Visit BonnieGortler.
How can you start to make vesting, your knowledge 3. Don’t have more over time. com to learn more about
this happen? investing, well-being, and
The first step is to decide personal development. q
now, not tomorrow, not
next week, or next year that
you’re ready to make your
financial security a priority.
The next step is changing
your mindset from seeing
yourself only working for
your money and shifting it
to understand how impor-
tant it is that your money
works for you.
How?