How to Grow Wealth? Essential Tips for Achieving Financial Freedom

Having life and health insurance is essential as a safeguard to shield your financial strategy from unexpected setbacks.

Relying solely on savings won’t outpace inflation. Putting your money into investments is what propels its growth through compound interest.

Consider avenues such as rental properties, stocks that pay dividends or side ventures that can bring in earnings even when you’re not actively involved.

Formulate your objectives to be Specific, Measurable, Achievable, Relevant and Time-bound (SMART) to ensure they guide and inspire you.

Debts, particularly those from high-interest credit cards and personal loans, can be financially draining. First, eliminate those high-interest debts.

Choose investments such share markets or SIP mutual funds. Which may be advantageous to you in the long run. (Disclaimer: Given the input is on an information basis, please seek professional advice.)