HTA's Financial Fortress: Where to Start First?

First things first, you need the foundation: skills and insurance. In today's knowledge economy, you need skills to earn a living. Skills can come in different forms. For example, they include educational qualifications, certifications (eg. CPA, CFA), trade skills and, of course, the soft skills such as EQ, networking with people and personal selling techniques. Once you have acquired the necessary skills, you can convert them into money by combining them with your passion, time, capital and effort.

Secondly, you need to start building your wealth by first safeguarding it. You should purchase sufficient insurance to ensure that even if you become sick or disabled, you can still achieve your savings goal. Your health is the most important, for without it no matter how skilled you are you can't translate it into wealth.

After these 2 foundation areas are reinforced, you can then accumulate your wealth by learning to be thrifty and to develop the habit of regular saving as young as you can. Invest the savings into stocks, bonds and properties according to your risk tolerance. Even better, you can invest in a business that you are familiar with, because by doing something you are most familiar with, you are more certain of the return on investment.