Make your money work for you. Don't work for your money. In other words, invest in stocks, says Matt Papazian, a financial advisor at Cardan Capital, based in Denver.
Why it matters. Papazian says the wealthiest people generally own their own businesses. "This allows them to generate income or grow assets even when they are not sitting in the office," he says.
And if you don't have the resources to start your own business? Invest in one. "The best way to replicate the ownership of a business is by owning securities in businesses that are already in existence. These companies can be selling iPhones, computers, candy bars, detergent, cars – globally, 24 hours a day, seven days a week, and 365 days a year. It's the next best thing," Papazian says.
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