Part 8/9:
For those starting early in their careers, strategic investments can lead to incredibly fruitful outcomes over time. For example, investing an additional income stream into stocks can yield impressive returns after decades of compounding interest.
You want to ask yourself whether you prefer to make the banks wealthy or build your own wealth. The choice is clear: take control of your finances and ensure that your hard-earned money benefits you and your future.
Step 6: Pay off the Mortgage
Finalizing your journey to wealth involves eliminating your mortgage. When your basic living expenses are settled, the rest of your income can be channeled into investments and passive income-generating activities.