How you can build wealth.
Getting rich or building wealth? At Banyan Tree, we make a distinction between getting ‘rich’, and ‘building wealth’. The first is a relative term, and dependent on how much money your peers have. The second is an objective goal, based on how much capital you would like to possess at a certain point in the future, and can be achieved if properly planned and executed.
How much wealth you will build depends on your income, expenditure, and how well your investments perform. We are here to help you with the last objective – ensuring that your savings become sound, wise investments that will help you become wealthy.
Read moreHow much is enough?
How much wealth is really enough?
Attempting to answer this question can get philosophical, but let’s start with a need that is common to all of us: we should all have adequate capital at the end of our working lives to sustain us through our retirement years, without a significant drop in our living standards.
And how much should that be?
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The power of compounding in building wealth
One notices that man typically wants to get rich quick and the attempt to do it quick usually results in a lot of mistakes that one regrets later. Building wealth through your investments is a slow process and in our opinion can be best achieved with a long term orientation.”
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