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Is there a specific stock or method that will guarantee a healthy cash flow?
Here are Tus suggestions for how it’s possible for you to most successfullygrow your wealth.
Then you have to actually buy the groceries, or the investments.
This is abig mistake peopledo, Tu said.
They put cash into their investment accounts, but then they dont actuallybuyinvestments.
They just put the cash in and think theyre investing.
Tu went on to say that once you start investing, you want to diversify your portfolio.
Thats not ahealthy, balanced diet.
The same thing for your portfolio: You cant just buy one or two things.
You want it to be really really diversified so it can weather any downturns.
In that regard, Tu suggested not buying single stock entities, but instead to invest in index funds.
She used the example of Apple stock, which is currently trading at more than $200 a share.
Tu explained that growing wealth is just not about saving, but about finding methods to earn more.
A simple way to do this is to ask for a raise, she said.
Do you know how easy it is to ask for a $5,000 raise?
People get $5,000 raises regularly.
People get raises for more than that regularly.
If you feel like you need an advisor to help you, Tu said to get a robo-advisor.
And then its going to compute and spit out a well-diversified, risk-appropriate investment strategyfor you.
One way to do this is by always negotiating your medical bills down.
She pointed out in the interview that 80% of medical bills have errors in them.
Then ask if there are any vouchers or relief plans that can further lower your bill.
She felt her parents were always thinking that a rainy day was going to come.
We areour most valuable assetand we should always be able to bet on ourselves.
Tu said this can extend to how you define yourself.
I think we need to speak to ourselves without so many limiting words.
Tu used the example of people saying theyre a TikToker.
She said that limits what your future might look like.
So, instead of a TikToker, call yourself a businessperson.
Collaborate With Other Rich People
Rich people are apex predators, Tu said.
They do not compete with each other.
you’ve got the option to call in favors and experience avery fruitful partnership.
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