Ways to build wealth — start your own business
An article written on Yahoo! Finance entitled 9 Ways to Build Wealth in 2011. Most of these are pretty common sense — invest in savings, look out for investment fees, reduce card debt.
The final point in the list is to start your own business:
Robert Pagliarini, CFP, president of Pacifica Wealth Advisors and author of "The Other 8 Hours: Maximize Your Free Time to Create New Wealth and Purpose":
"Start a business in your free time," he says. "I'm a big proponent of having a side venture, something you are passionate about that you can work on after your 'day job.'
"I think this is the best advice to give someone now -- especially for those who are unemployed," Pagliarini says. "And starting a business doesn't have to cost much, if any, money."
Starting your own side business may seem a bit unusual and difficult given the current economic situation. Realistically it's very easy to get a business started. I started my Beachbody business (affiliate link) for $40 and it's been growing steadily since.
