Wealth creation is the process of accumulation of assets, investments, and resources over a period of time. It combines key aspects like strategic planning, risk-taking, and long-term investment perspective for meeting the financial goals of wealth creation.
The term 'wealth' has different meanings. Wealth could be the total assets of an individual after deducting his liabilities. It could be the total sum that an individual owns or possesses. But for an investor, it simply means significant returns on the investment. Wealth fulfils the dream of an individual. Therefore, an individual may be termed wealthy if he owns enough to meet his requirement. It is the essential requirement and benchmark to call a person wealthy. Hence, an individual who possesses a substantial amount will be said to be a wealthy person. But how does a person gain wealth? The answer is short and straightforward. A person becomes wealthy by making the right investment and allowing wealth to multiply.