There is one law you must obey so that You can continue to generate wealth: You must grow.
...a world in which people work with their brains instead of their hands.
Wired magazine’s definition of ‘New Economy’
Wealth creation has had a direct link with investments: the more you invest and the longer you allow those investments to compound, the more you accumulate. Saving (the money you don’t spend now in the hope that it’ll grow so you can spend more of it tomorrow), therefore, is a major part of this exercise, the others being the risk, the returns, and the duration of the investments. So, we invested in financial instruments ranging from government securities to company bonds and fixed deposits to stocks. The experts told us it was wise to diversify, so we spread our investments in instruments that gave varying returns, which took care of our short- to long-term needs. To this diversified basket of securities, I propose to add one more instrument: You.
Opinion in Outlook Money