Expanding Wealth

This is the second step in the C&E Wealth process. This step is the most valuable skillset to learn when used correctly. After you have created your wealth by getting a job or a side hustle, you can take that money and expand it without even working. This skill set is called passive income, and it is what all wealthy people do to expand and maintain their wealth.

For example, lets say you are to save to $10,000. Most people would say “well I worked and got money and I’m saving so I am expanding my wealth”. Their WRONG! They are only creating it. To expand it, they would have needed to put that money into and investment fund, an index, a retirement fund, a government bond, the stock market or many other options. If they utilized this part to the fullest, they would be able to make much more money without even doing anything. They would make their money work for them instead of them working for money. If they invested this one year, they would have only been able to save $1,500 So What? If they did this for 30 years, they could have made over 1 million dollars compared to just $300,000.

That is the power of Compound Interest and the more time your able to expand this principle upon, the more money you can make. This is why it is so important to learn these skills young. You are saving your self millions of dollars by learning these tools now, instead of in the future. Learn them before it is too late! To learn about these principles and expand your knowledge, click on the link below to get started.