There are some solid tips in this article, many may appear common sense, but not to everyone I fear.
There are two points I would modify. You don’t need to dread a budget because you don’t need one if you 🤑 save first automatically and 🤑 do not charge any purchase you can’t pay in full each month. That way your budget is automatically set for you and you can’t over spend.
Building wealth is essential to accomplish a variety of goals, from sending your kids to college to retiring in style. But establishing a solid financial foundation will also help you survive stock market corrections and bear markets, recessions, health emergencies and other setbacks.
Our plan outlined here covers every aspect of your financial life, from investing to insurance to building credit. Most of our advice is basic, because a strong foundation sets you up to reach your financial goals. If you’re just starting out, these fundamentals should stay with you throughout your wealth-building journey, although they will likely evolve along with your situation. Even if you have been practicing sound financial principles for decades, all of us can use a refresher every now and then.