Building wealth starts with making a financial plan. That means taking the time to identify your goals and game out how you can accomplish them.
Plenty of people dread the “b” word, but budgeting is a key plank in your wealth-building strategy.
By building an emergency fund, you can protect your credit as well as reap the benefits of earning interest on an online savings account.
Consider using the debt snowball or debt avalanche payoff methods. And remember: It’s possible (and often even advisable) to save money and pay down debt at the same time.
While it isn’t a move that you can make at an online brokerage, investing in yourself by raising your income is an important step when it comes to how to build wealth.
