A prevailing belief held by many people is that there is some great secret to becoming wealthy. If you could just discover that secret, or find the “trick” to it, you could become wealthy. Few people realize, though, that the simple “basics” are all you need to build wealth. That said, the reason so many people fail is that simple does not mean easy.
Simple Actions that Lead to Wealth
The “secret” to wealth isn’t much of a secret at all. Indeed, a variety of simple concepts and equally simple actions can be applied in order to help you achieve prosperity:
•Spend less than you earn. The #1 rule of personal finance is striking in its simplicity. This is speaking in obvious. If you want to amass riches, you can’t spend all of your money or more than what you earn. You must live within your means, taking care that …