Perhaps one of the most overlooked ways to build wealth is to invest in yourself first. While this may sound cliché, in fact it is one of the most over looked steps to building wealth. There are many types of wealth; most of us tend to think in terms of money and possessions when we think of wealth. While this is indeed one form of wealth, it is not the only one and should only be sought after once you have achieved inner personal wealth.
Investing in yourself means looking at the whole you, and the wealth we are looking at is your health. After all what is the point in having great financial wealth if you are not healthy enough to enjoy it. Taking good care of your health with regular visits to your doctor for a physical and eating a healthy diet is the best way to insure that you live long enough to enjoy your wealth.
Set yourself realistic financial goals and adjust them as your life begins to come together. If you aim too high from the start you are setting yourself up for failure, by setting a realistic goal you can always adjust your goals when you have achieved the initial one. If you have the opportunity to go to college then by all means go, choosing a course those interests you, rather than what you think will make you successful will bring its own rewards.
Learn to live frugally, this does not meant that you cannot enjoy living, it simply means that you buy what you need and shop around for the best deal. Living within your means is something we have all heard growing up; sadly most of us have run up large credit card debts that we now have to pay off. As you pay off a credit card cut it up, you are throwing money away in high interest charges that you could be investing and earning interest instead.
Set a budget up for your family and stick to it, when each payday rolls around pay your bills first, but then set aside a set amount or a percentage of your money for savings. Savings can be in the form of an IRA or you can use the money to invest in a number of ways that will reward you with dividends. Take the time to study the markets, bonds, and the Forex market before you invest. Make sure that you have a minimum savings figure that you will not spend in case something goes wrong with your investments.
One thing to remember is that we all make mistakes, but the wealthy people in this world learn from them and then put them aside; they do not dwell on them. By taking the time to invest in yourself first you will find that building personal wealth will come, as long as you follow through with your goals and plans.
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