There are many ways to create wealth for yourself. But out of all those different methods of making money, they are part of either one of two categories. The first category is the owner category. This means you have equity in something or that you own something. You own a business or a piece of a business. The second category is the employee category. This means that you are a worker. You are paid for your time that you put into the business. You will make money using one or both of these methods, however one method is vastly better for wealth creation.
What is wealth creation? It’s not necessarily just cash in your bank account. Wealth is a bit more complex than just money. Wealth takes into account your cash, your equities, your assets, you revenues, your expenses, your debts, or practically anything else you may see on a…
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