5 steps to building wealth
A disciplined approach can help you reach your financial goals
KEEP YOUR FINANCES MOVING FORWARD
Take these five steps and you can be on your way to helping build wealth and keeping your financial plan on the right track. There are many nuances to each step, however, so consulting a financial planner may be the best thing to do first.
Above all, get started and keep at it. The number one thing that stands between you and the future is procrastination – waiting until tomorrow to do what you can do today. The sooner you put your money to work, the sooner you can take advantage of one of the most powerful forces for wealth creation: compound interest. Your financial planner can help guide you through each step, reducing the temptation to procrastinate, and helping you stay on track. Keep that in mind as you look for new ways you can build wealth that can help carry your financial goals forward.
Investing strategies, such as asset allocation, diversification or rebalancing, do not ensure or guarantee better performance and cannot eliminate the risk of investment losses. All investments have inherent risks, including loss of principal. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Past performance does not guarantee future results.