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"Wealth Building 101 Part 1: Earning"

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When we come to the term 'building wealth', many of us will come with an assumption to create a large sum of money over a short amount of time, the famous 'get-rich-quick' schemes. However, building wealth is actually a long-term project that will require perseverance and dedication.

The harsh truth is that there is no shortcut to getting rich, except if you are extremely lucky or extremely smart, and even that will still require some form of resilience.

However, building wealth, in the end, will only come down to three simple steps that are easy to understand. But, although they are indeed easy to understand, won't mean they are as easy to follow in practice.

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Without further ado, the three basic steps to building wealth are:

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1. Earning Money
2. Saving Money
3. Investing Money

Although seemingly so basic, many people still misunderstood the simplicity of the three steps and the importance of those steps in the pursuit of wealth.

We'll discuss each of them, starting with the earning process.

Step 1: Earning Money

Since we were children, we have been introduced to the concept of earning money and how it will be a main focus of our lives. The idea is, a small amount of money regularly saved will gain compound interests that will accumulate to a significant wealth over time.

However, many of those promotions and articles never covered the first baby step: earning enough money in a sustainable way. If you already got a decent career or a running business, good for you. For those beginning a career or in the middle of a career change, here are a few things that might help:

- Follow Your Passion.

You will generally perform better doing something you like, and gain more money in the process.

- Follow Your Aptitude.

You might like doing your hobby, but it won't necessarily mean you're good at it. If you're good at what you love, great. However, if you're good at something else, it's better to do what you're good at than forcing doing something you're passionate in without any sufficient talent whatsoever.

- Get Educated.

Education is important to pursue a career. If additional education is necessary, consider getting it as an investment.

Be open minded and proactive, a certain industry will be better at a certain time, and can be worse during a downturn, so don't limit yourself to just one career path, or a business.

In fact, a career change can be a great decision sometimes, and many successful people have pulled career changes with great successes. When a business run amok, learn to know when to pull the plug and salvage what you can to open another business, or to pivot into another direction.

Transformation and changes are never separated to any business, so don't be afraid

In the second part of the article, we will discuss in greater detail of the next two steps: saving and investing money to accumulate wealth. Stay tuned!