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Bill Gates explains where you should invest money in 2023 to generate wealth

Date: February 5, 2023 Time: 00:33:11

The beginning of a new year is always synonymous with raising an infinite number of goals and purposes and, finally, 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 future will be difficult for 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 North American enabled the social network Among the endless questions that were raised, a good part of them alluded to what is his star theme, given his great knowledge of the sector: the economy.

Currently, the former CEO of Microsoft is one of the most influential people in the world and the fourth richest, with a net worth of 129 billion dollars, according to Forbes magazine. He also has several shares in different companies, such as Coca Cola, UPS or Crown Castle.

The best way to invest money in 2023, according to Bill Gates

Although, not surprisingly, he was asked many questions, there was one that caused a special stir: what was his best financial and personal advice for people who earned an annual profit of less than $100,000. To this, Bill Gates responded with a simple phrase, but with a lot of meaning: “Invest in your education.”

The American tycoon’s response is highly relevant, since he thought of photography at 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 was pessimistic about the economic situation that the world was going through as a result of the war in Ukraine, which was added to the crisis generated by the pandemic, when “the debt levels of the governments were already very high and there were problems in the supply chain.”

In line with this, he predicted that the inflation problems of the economies of the rich world could accelerate and force an increase in interest rates that will 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. “It would be about saving as a pessimist, having a good economic cushion, and investing optimistically,” he said. And the truth is that his prognosis does not seem to be too far from reality.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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