Bill Gates explains where you should invest money in 2023 to generate wealth
The beginning of a new year is always synonymous with considering an infinite number of goals and purposes and, therefore, following the advice that may help make those wishes tangible. And if there is someone who is in a position to give them, it is the famous founder of Microsoft, Bill Gates, who has recommended to his followers where the money should be invested in 2023. But this is not all: he has also predicted that the The future will be complicated in the short term due to the war in Ukraine and the economic consequences that the pandemic has brought with it.
A few days ago, the 67-year-old American enabled the AMA tool on the Reddit social network -‘Ask Me Anything’ or ‘Ask Me Anything’-, which allows users to ask questions. Among the endless number of questions that were raised, many of them alluded to what is his star topic, given his great knowledge of the sector: the economic.
Currently, whoever was Microsoft CEO is one of the most influential people in the world and the fourth richest, with a net worth of $129 billion, according to Forbes magazine. Also has various actions in different companiessuch as Coca Cola, UPS or Crown Castle.
The best way to invest money in 2023, according to Bill Gates
Although, not surprisingly, there were many questions that were asked, there was one that caused a special stir: What was your best personal and financial advice to people making less than $100,000 in annual earnings?. To this, Bill Gates responded with a simple phrase, but with a lot of meaning: “Invest in your education”.
The response of the American magnate is highly relevant, since he studied at the prestigious Harvard University and has managed to reach the pinnacle of success. Hence, education is an investment that earns money in the long term.
Bill Gates already predicted what would happen economically
It is not the first time that Bill Gates predicts what will happen in the world in the coming years. In mid-2022, in an interview on CNN, he showed himself pessimistic about the economic situation that the world was going through as a result of the war in Ukraine, which added to the crisis generated by the pandemic, when “government debt levels were already very high and there were problems in the supply chain.”
In line with this, he predicted that the inflation problems of the rich world economies could be accelerated and force an increase in interest rates that would end up causing an economic slowdown.
Faced with this dramatic situation, the billionaire gave advice on how to be prepared and did so based on his own personal experience at the helm of Microsoft. “He would try to save like a pessimisthaving a good economic mattress, and invest optimistically”, he assured. And the truth is that his prognosis does not seem to have strayed too far from reality.