You Have a Year to Get Rich: 8 Key Steps to Take Now

Be an investor of money, not a borrower

Being an owner of capital through diversified investments is the key to successful financial planning. Appreciation is never taxed as long as you decide against selling. When gains are finally taxed, they are as taxed at long-term capital gains rates, which are lower than most other tax rates. Borrowing rates, meanwhile, are usually higher than investment payouts.