How to build wealth
At the core of all this talk about stocks, investing, savings, trading, and budgeting is a fundamental principle: You want to end up with more money than you started out with. In other words, to build wealth.
But building wealth isn’t just about having a few extra thousand dollars sitting around for your next vacation or even for something more serious, like a potential medical emergency. It also doesn’t mean becoming a multi-millionaire. Building wealth is about the rest of your life. It’s about creating a financial foundation that will ensure your financial comfort for life, including amassing enough wealth to live comfortably and happily through retirement.
So how does one go about building wealth? While there’s no foolproof formula and a lot of it varies from person to person, there are some fundamental tips that can help you develop strong wealth-building habits. Here's how to get started.