What’s the biggest mistake people make when it comes to money and what should they do instead? Even fewer will give it back at a rate higher than inflation. Most things take your money, very few will give it back. Invest your money in appreciating assets like real estate. What’s your best tip for fighting the impacts of inflation? You need all three pillars to build wealth, one or two aren’t enough. Focus on saving money through budging, making money through starting a business or getting promoted, and investing money through financial education. What’s the most important thing to do to build wealth? This is the first step towards ensuring it’s going towards the plan you have for how you want your life to look. Knowing how much of your money is allotted towards housing, gas, car payments, food and entertainment will keep you aware of where your money is going. You can make this simple by creating a budget. Money earned without a plan for how it will be used will inevitably be wasted. What’s the one piece of money advice you wish everyone would follow and why? Want to vote for David as your favorite money expert? Click here and go to his expert page. Recognized as one of GOBankingRates’ Top Money Experts, here, Greene provides insight on building wealth and fighting inflation using his three-pillar approach.
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