Get The Scoop On 10 Practical Ways To Generate Wealth Now By Pierre Clark

10 Practical Ways To
Generate Wealth Now
By Pierre Clark

There’s a lot of argument about whether we are in a recession right now.  But there’s no debate at all that for the last year, prices for basic goods and services have risen.

People have felt and are feeling the pinch on their savings and finances and their overall wealth. They are seeking practical right now ways to generate extra income and rebuild their wealth. Here are ten readily accessible ways to do so.

1. Sidehustle. A successful and profitable sidehustle can make/will make the difference between financial independence and struggle in your life. You can leverage all your skills and provide solutions and services that people need at a price you can set.

And you will be in control of a successful business that will provide freedom and income.

 
2. Reducing Expenses.  Another easy to improve your wealth is to cut unnecessary and unwise sending. COVID proved many things we buy (that we think we really need) we don’t.

Don’t buy that extra bag of snacks or hot dog just because you can or think you want it. Don’t spend that extra $10.00 on that streaming account.

Take it from me, reduce expenses and invest the difference. Your bank account and strengthened lifestyle will thank you later.

3. Selling Unused Items. Everything you have ever owned usually comes down to a few things you use or wear all the time and the rest just gathers dust. Sell the unused item if you’ve stopped using it or it no longer serves your needs. Then put the proceeds in an investment account.

Get The Scoop From NY Business Leader Phil Andrews On Why Technology Empowers Black Business Owners.

Op-Ed: Technology Empowers Black Business Owners. Supporting Innovation Will Keep Them Competitive.

By Phil Andrews

August marked National Black Business Month, a time to celebrate the resilience, contributions, and success of Black entrepreneurs. As President Calvin Coolidge once said, “the chief business of the American people is business.”

This is as true today as it was nearly a century ago — and it holds for every American, especially the Black community. Black-owned business creation is surging. From 2017 to 2022, the number of businesses owned by a Black entrepreneur increased by nearly 57%. During those years, at least half of the new businesses were Black-owned.

The US Census estimates that Black entrepreneurs own 3.5 million businesses with an annual payroll of $40.5 billion.

Technology is fueling this boom in entrepreneurship and tearing down barriers. That’s especially true of artificial intelligence.

But to fully unlock AI’s economic potential, policymakers need to ensure that business owners and the workforce of the future are properly equipped to succeed. Albany and Washington should focus on investing in education and workforce training –– and resisting legislation and regulations that stifle rather than support our local innovators.