What is the fastest way to build wealth?
5 Tactics to Build Wealth Fast
1) Pay off high interest debt now. …
2) Establish an emergency fund for liquidity. …
3) Mercilessly cut spending on things that don’t serve you. …
4) Seek out higher income streams. …
5) Invest money as soon as you get it.
I would love to see the Federal Reserve bring inflation under control. I would
love to see the Federal Reserve bring inflation back to 2% – 3% level. At the
same time the strong dollar (Nov 24, 2022), Number of jobs created (Oct 24, 2022),
the chip bill, Inflation Reduction Act, Student Loan Forgiveness, and exports
increasing/imports going down and the Federal Fund Rate of 3.75% all stimulate
the USA Economy. The only solution I see is the consumer cutting spending, paying
down debt and building cash reserves. This will slow down demand and allow the
supply chain to fill up with goods and services.CREATING WEALTH