Creating wealth

To create wealth in only 3 steps, you need to
1. Earn more and keep increasing it
2. Invest better
3. Spend much less than your income

I can say with some confidence that I am good in step 3. Step 2 is a continual learning process. I am getting better with time.

But the most important aspect that I have realized now is step 1.

You can’t create wealth without aspiring to continually increase your income. The focus has to be here. Steps 2 and 3 are centred around step 1.

Keeping that in mind, here are a few changes I plan to implement:
1. Invest more time on step 1. That means, as of now, to focus on my career.
2. Stop doing step 2 myself. Let the experts do it for me for a while. ETFs, MFs, debt funds, etc can take the mantle of making my money grow. Free as much time as you can from this step and use it for step 1.
3. Sustain step 3 as it is now and you will be fine.