How Emergency Funds and Index Funds Lead to Wealth

Thinking only in the short-term is a sure way to stay broke. Building wealth over decades is always more reliable than building it quickly. For example, it’s better to hold property and let it appreciate than sell. You can flip houses for years then realize you have not built much wealth.

But at the end of the day, it’s all about investing early and often. It’s all about how much you put into your investments to let them grow. You can make many financial mistakes and still be okay if you invest early. So just invest some money and don’t make the mistake of just saving it.

Even just doing investing somewhat right for a long time is a big thing. It’s worse to waste your time by just sitting around and reading. So a fool-proof way of doing well with investing is automating index funds. That way, instead of inflation destroying your money, it grows.... For the full article, go to https://jaycalangi.com/2021/02/05/how-emergency-funds-and-index-funds-lead-to-wealth/