Building Wealth in Modern Society

In modern society, we have a growing number of techniques to obtain wealth. Society must simply gain the knowledge and skills necessary to implement the proper strategies and techniques. One strategy is called “triple compounding”, suggested by Steve Sjuggerud. Sjuggerud is the writer of investment letter “True Wealth”. He unfolds, “Your account can grow at rapid speeds for three reasons: First, you are adding to your account every month. Second, if you invest in growth mutual funds, your account’s NAV (net asset value) is likely to increase overtime. Third, all dividends and distributions are automatically reinvested”. One of the least practiced techniques for building wealth is to set aside money in separate accounts. Regardless of income, budget and View the rest of this article