Here is how to create wealth in the long term
Santosh Joseph, Founder and Managing Partner, Germinate Wealth Solutions LLP says becoming rich is about disciplined investing. “Only the rich can be richer is the biggest misconception that I have commonly come across in my professional life. Nothing could be farther from the truth because many rich individuals and families end up being poor over time. Becoming rich is not about being rich or poor, it’s about being an investor. Invest in something you believe in, have a passion for and most importantly invest in something that grows and appreciates over time to make you rich. This rule of thumb is not only true for money but for every other aspect of your life. No one is born a professional or expert. It’s those conscious daily efforts that makes one a success. There is no minimum amount you need to start planning your money. Almost everyone who is rich believed that they would be rich and had some manner of thought and work towards it. The first step towards becoming rich is to start investing. Usually, the 1st step to begin is the biggest hurdle. The discipline to keep a good investment for really long sets apart the investor from a rich investor,” Joseph advises.