The traditional way to build wealth

Building wealth — some people use "get rich quick" schemes others pursue transactions they might otherwise never consider.

To accumulate wealth over time, you need to do three things:

• You need to make it. This means that before you can begin to save or invest, you need to have a long-term source of income that's sufficient enough to have some left over after you've covered your necessities.

• You need to save it. Once you have an income that's enough to cover your basics, you need to develop a proactive savings plan.

• You need to invest it. Once you've set aside a monthly savings goal, you need to invest it prudently.