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7 Ways to build wealth according to experts

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what does it mean to build wealth

Building a nest egg is essential. If you are looking for ways to accomplish this plan in your own life, you’ll want to follow the experts. Experts like those at Growth Financial Townsville have many useful suggestions.

 Save Early

One of the best ways to build wealth is to do so as early as possible. The second you start earning is the second you should start saving. When you get a job, find out how you can set aside the money you earn as soon as you have it. Watch as your funds start to grow as soon as you put them away.

Buy a Home

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Another important way that you can increase the amount of money that you’re earning is by buying a home. It’s a good idea to have a primary residence. Having a place that you own allows you to decorate it according to your own personal style. It also means that you’re paying into a mortgage rather than handing money to a landlord. Think about the kind of housing options you might find in your local area right now. Even a small condo can lead to a significant level of savings that you can count on as you head for other things.

Set Up a Budget

It is crucial to know how much you’re spending as you go about your day and week. Make a note of everything you spend for a time such as a month. This will give you a chance to see what money is coming in and where it is going out on a daily basis. It will also give you a chance to see where you might choose to cut corners by not buying things that you don’t necessarily need. That’s money you can use to set aside and increase your personal wealth.

Avoid Luxuries

There are lots of ways you might be tempted to spend your money. Always look for the lowest possible price that still meets your need for quality items at the same time. For example, you might find that you can get bread that tastes fine. You don’t need to spend more on the organic version. The same is true of the clothing that you buy. Many items are just fine even at a lower price point. You can opt for something cheaper, for example, when you’re shopping for kids clothing. Bear in mind they outgrow things quickly.

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Live on One Income

Getting married often means having an additional income. Many partners are two income families. More are families where one partner works full time while the other works part time and cares for the children. You can choose to live in the full income earner’s full income. Leave the second income for your personal savings. Having someone bringing in income to be used solely for savings is an excellent way to increase your overall income and set aside savings. When and if the second partner decides to return to work full time, you’ll have even more money.

A Time Horizon

Money accumulates over time. All those looking for wealth should take into account their own personal timeline. You should have goals you intend to meet in the next year. You should also have financial goals that you would like to meet in the next five years as well as the next ten. That allows you to make strong but steady plans. If something isn’t going as planned right now, you can always change these horizons to fit your life plans. The important thing is that you’re making financial plans and you’re doing your best to stick to them.

Changing Conditions

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While it helps to have a plan for your finances in life, it also helps to be flexible. For example, you might have picked out one career path in life only to find it isn’t working out. In that case, you might want to explore the possibility of changing your career by getting additional education. A degree in something you like doing is one way to earn a good living and save money at the same time. It’s imperative to keep it all in sight as get those plans for personal life changing wealth in place.

By: Raymond James

About the Author:

Ray is a sought after thought leader and an expert in financial and money management. He has been published and featured in over 50 leading sites and aims to contribute articles to help novice financial planners. One of his goals is to impart his knowledge in finance to educate and help ordinary people create and achieve their financial goals.

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Caradise Ghana Car Rental Facilitates Transportation for Global Christian Forum held in Accra

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Caradise Ghana Car Rental has once again successfully facilitated the transportation of over 240 participants from 60 countries across the globe for the recently ended Global Christian Forum in Accra, Ghana.

Numerous buses hauled the various participants from the Airport to their designated hotels from the 12th to 15th of April, 2024. Participants were then transported from their hotels to the conference grounds daily for the gathering of devoted Christians from the 16th to the 19th of April, 2024.

The forum began with a vibrant, joyful worship service held at Accra Ridge Church. The Rev. Dr. Casely Essamuah welcomed participants to Ghana and to the Fourth Global Gathering, and participants spent the day sharing their faith stories with one another across the litany of differences represented. 

The forum was climaxed with a dinner and 25th anniversary celebration at the Action Chapel Internation Church hosted by Archbishop Nicholas Duncan-Williams.

After the forum, the participants took the opportunity to visit the Kwame Nkrumah Memorial Park and Mausoleum where they learnt about the great Pan-Africanist, Osagyefo Dr. Kwame Nkrumah and Ghana’s journey to inpendence.

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The participants also spent a day in Cape Coast where they learnt about the millions of enslaved, dehumanised African men, women, and children at the Cape Coast Castle. Witnessing first hand how Africans were forcibly taken captive to the Americas, Caribbean, and Europe as objects of lucrative trade.

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DJ Khaled Announces Second Annual We The Best Foundation Golf Classic On June 12 & 13 in Miami Beach !

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GRAMMY® Award-winning, global megastar DJ Khaled proudly announces the return of his annual WE THE BEST FOUNDATION GOLF CLASSIC for the second year in a row.

For 2024, the mega-popular charity event expands to two days on Wednesday June 12 and Thursday June 13 in Miami, FL. Given the demand by countless superstar artists, A-list athletes, and entertainers to participate, he needed to stretch the proceedings over two days!

Once again, the event will be sponsored by Jordan Brand, and all proceeds support the We The Best Foundationand its numerous efforts to bolster education. Stay tuned for the multitude of exciting confirmed guests, and more.

Khaled created a cultural groundswell and personally appeared on ESPN’s SPORTSCENTER to break the news of the second installment of the WE THE BEST FOUNDATION GOLF CLASSIC today. Watch HERE.

Regarding the return of the WE THE BEST FOUNDATION GOLF CLASSIC, he commented, “Last year, the WE THE BEST FOUNDATION GOLF CLASSIC brought out so many friends and family to make a difference, play some great golf, and have an incredible day for a great cause. This year, we’re going even bigger, and we thank everyone for their continued support. TEE UP AND BLESS UP!”

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Last year, the inaugural WE THE BEST FOUNDATION GOLF CLASSIC hosted Serena Williams, pro golfers Michael Block and Bubba Watson, Odell Beckham, JR., Shannon Sharpe, Victor Cruz, Jalen Rose, Terrell Owens, Marcus Jordan, Jeezy, Quavo, The-Dream, Swizz Beatz, Timbaland, Fat Joe, Cedric The Entertainer, Joey Fatone, and more. The foundation raised over $500,000 which benefited the enrichment of children and youth through educational programming, scholarships, and extracurricular activities.

More guests and partners for 2024 will be unveiled soon.

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Ghanaian activist hugs over 1,100 trees in an hour to set record

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An environmental activist and forestry student from Ghana has set a new world record for the most trees hugged in one hour. (more…)

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BEING A JUDGE FOR THE MODEL INTERNATIONAL IS A BIG PORTFOLIO – EX MP BARBARA AYISI ASHER

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Honorable Barbara Asher Ayisi

Former Member of Parliament for Cape Coast North constituency in the Central Region, Barbara Ayisi Asher, took on the prestigious role of judging the Cape Coast Audition for The Model International, adding yet another feather to her cap of accomplishments. Not only did she oversee the audition, but she also secured her place as a guest judge on the show itself, solidifying her position as not just a politician but a prominent figure in the world of fashion and entertainment.

The Cape Coast Audition, which served as a gateway for aspiring models in the region, marked the beginning of an exciting journey towards discovering West Africa’s next top talents in modeling. However, the spotlight now shifts to the bustling city of Accra, where the next round of auditions is set to take place.

Scheduled for Saturday, the 4th of May 2024, the Accra audition will be hosted at the prestigious Gold Coast Restaurant, conveniently located near Rockstone’s Office, Cantonments. Doors will open at 10 am, welcoming female West Africans between the ages of 18-26, residing or schooling in Ghana, to showcase their flair and passion for the runway, the camera and the screens.

Registration for the audition comes at a nominal fee of GHS100.00, providing participants with a chance to compete for the coveted title of The Model International, mouth-watering contracts and $2000.00 cash prize. To secure a spot in the audition line-up, aspiring models can register online at www.themodelinternational.com/register or seek assistance by contacting Esther, via call or WhatsApp on +233 50 890 6222.

The Model International promises to be a spectacle of talent, elegance, and glamour, captivating audiences across the nation. Set to premiere on Metro TV from the 1st of June 2024, viewers can tune in every Saturday at 8 pm to witness the unfolding drama and excitement of the competition.

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As the anticipation mounts and the countdown to the grand premiere begins, the stage is set for an exhilarating journey towards declaring the next face of West African modelling and fashion. With Barbara Ayisi Asher involved, The Model International is poised to redefine standards of cat walking with grace, elegance in front of the camera and shaping the future of the fashion industry one runway at a time.

Watch Video below

 

https://www.instagram.com/reel/C6OPjrVNN6C/?igsh=MW55ZWt4YXFkOXNyaQ==

 

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African Development Bank appoints Ambassador Jalel Trabelsi as Special Envoy for Middle East and North Africa and Gulf Region

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The President of the African Development Bank Group Dr. Akinwumi Adesina  has appointed career diplomat Ambassador Jalel Trabelsi as his Special Envoy for the Middle East and North Africa (MENA) and Gulf Region.

Ambassador Trabelsi brings to the role over 30 years of experience as a highly accomplished and distinguished diplomat.

As Special Envoy for MENA and the Gulf Region, Ambassador Trabelsi will help to foster diplomatic and strategic engagements within the MENA and Gulf Region, focusing on the Bank’s strategic priorities, strengthening partnerships and mobilizing public and private sector resources at scale to deliver transformational projects in Africa.

A Tunisian citizen, Ambassador Trabelsi’s diplomatic career is marked by significant roles and contributions. He served as Minister Plenipotentiary for African Affairs, and was the Ambassador of Tunisia to Nigeria, Ghana, Benin, Sierra Leone, and the Economic Community of West Africa (Ecowas). He also served as the Dean of the Council of Arab Ambassadors and in other roles as an Adviser to the Minister of Foreign Affairs, Head of the National Commission for Tunisia’s candidacy to the Presidency of the African Development Bank.

He is also a specialist in international law and taught Diplomatic International Law at university level.

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Ambassador Trabelsi holds an Advanced Master in Maritime and Aviation Law from Belgium’s Université Libre de Bruxelles, where he undertook his undergraduate degree in political science and international relations and passed with the highest honors. He also holds a Master’s degree in political science from the University of Tunis. He is multilingual with fluency in English, French, and Arabic.

Commenting on his appointment, Ambassador Trabelsi said: “I am extremely honoured to be appointed by Dr. Adesina to this role. As an African, I am motivated to continue to serve our continent and to contribute to the African Development Bank’s transformational work under the visionary leadership of Dr. Adesina. I will work to ensure the Bank maintains and further strengthens its excellent and fruitful cooperation and partnership with Middle East and North Africa (MENA) and Gulf Region.”

Dr. Adesina said: “I am delighted to have Ambassador Trabelsi as my Special Envoy for a region that holds a lot of promise for the Bank’s and Africa’s economic transformation. He has a strong track record and expertise in international relations and cooperation as well as international negotiation. He brings extensive knowledge in African, Arab, and European affairs and a deep understanding of the activities of the Bank, as well as other regional and international financial banking institutions.”

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KFC Ghana Introduces the “Streetwise Wings Meal” for ONLY GH¢30, KFC will also Embark on Donating 500 Streetwise Wing Meals Every Month to Basic Schools!

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Streetwise Wings Meal

KFC Ghana is excited to announce the latest addition to their Streetwise menu: the “Streetwise Wings Meal.” This new offering is a perfect blend of KFC’s signature crispy wings paired with a side of delightfully spicy rice, all for an affordable price of GH¢ 30.

The “Streetwise Wings Meal” is a flavorful adventure meant to satisfy your cravings without breaking the bank. The meal consists of three juicy and perfectly fried chicken wings, coated in KFC’s famous blend of herbs and spices. To complement the crispy wings, the meal includes a generous serving of spicy rice—a hearty side that packs a punch and ensures a fulfilling dining experience.

“KFC Ghana is always looking for ways to deliver value and satisfaction to our customers,” said the Digital and E-commerce Manager of KFC Ghana. “We believe that the Streetwise Wings Meal does just that, providing a balanced and flavorful meal at a price point that is accessible for everyone. It’s a perfect choice for a quick lunch or a delicious dinner on the go.”

The Streetwise Wings Meal is now available for order through the KFC Ghana App, with options for delivery, in-store pickup, or dine-in. The App is designed to provide the utmost convenience for customers, allowing for seamless ordering and payment. You can download the app from the Apple App Store or Google Play Store and get your meal with just a few taps on your smartphone.500 Donation of Streetwise Wings Meal

KFC assures that all meals are prepared following the highest standards of quality and hygiene, ensuring that customers not only get a delicious meal but also a safe one.

So, whether you’re in the mood for a quick snack or a full meal, the new Streetwise Wings Meal is here to make your day a little more flavorful. Head to the nearest KFC or get the app now to enjoy this spicy new treat!

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In addition to offering the delectable “Streetwise Wings Meal,” KFC Ghana is expanding its community support by announcing a generous donation campaign and will be donating 500 Streetwise Wing Meals at selected basic schools every month across the country. This initiative invites customers or social media users to nominate a school for a chance to enjoy this amazing offer, illustrating KFC Ghana’s commitment to giving back to the community. With the addition of this charitable action, KFC Ghana reinforces its reputation as a brand that not only provides value through its meals but also invests in the welfare of its community and its employees. Updates will be communicated via KFC Ghana’s social media platforms. Don’t forget to follow the social media pages and nominate a school!

Facebook: KFC Ghana

Instagram: @KFCGhana

X: @KFC_Ghana

TikTok: @KFC_Ghana 

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