Definition of «wealth building»

Wealth building refers to the process of accumulating and increasing one's assets, resources or capital over time. It involves making smart financial decisions such as investing in stocks, real estate, businesses, or other ventures that have the potential for high returns. Wealth building also includes saving money, reducing debt, and developing a budget to manage expenses effectively. The goal of wealth building is to increase one's net worth over time, providing financial security and independence in the future.

Sentences with «wealth building»

  • A sour marriage can quickly drain a legacy of wealth built on several generations. (policygenius.com)
  • Keeping rental properties is a great long - term wealth building strategy. (renterswarehouse.com)
  • In both scenarios, the extra cash flow can be used to pay down the mortgage or other debts, or invested in wealth building assets. (retirebeforedad.com)
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