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How do you build wealth?

Building wealth starts with making a financial plan. That means taking the time to identify your goals and game out how you can accomplish them. “Building wealth begins with a vision and a plan,” says Peter Cassciotta, owner of Asset Management and Advisory Services of Lee County.

What is wealth accumulation?

Wealth accumulation is the process of increasing your assets and investments over time, with the goal of attaining financial security. For the average person, this often means preparing for financial emergencies as well as ensuring a comfortable retirement.

How can wealth accumulation help investors?

Wealth accumulation can help investors in three key ways: Prepare for uncertainties: In accumulating wealth, an individual naturally has a cushion that protects them from financial emergencies such as unexpected home repairs, illness or injury, job loss, or economic downturns.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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