<ul><li>You need to make it. You need a long-term source of income that's enough to cover your basics.</li><li>You need to save it. You need to develop a proactive savings plan.</li><li>You need to invest it prudently.</li></ul>

To accumulate wealth...

Earned income comes from what you "do for a living."<ul><li>Consider what you enjoy as you will be more likely to succeed financially.</li><li>Consider what you're good at and see how you can use those talents to earn a living.</li><li>Consider what will meet your financial expectations.</li><li>Consider how to get there. Determine the education requirements, etc.</li></ul>Evaluate your income situation annually.

Making Enough Earned Money 

Assess your situation. Build an investment policy statement that will provide general investment goals and objectives. <ul><li>Determine your return and risk objectives.</li><li>Determine your investment strategy, possibly with a financial advisor, based on your investment policy statement.</li><li>Invest your equity and fixed-income exposures over a range of classes and styles.</li></ul>

Investing It Appropriately

To ensure that you save enough money, your wants should not exceed your budget.<ul><li>Track your spending for at least a month.</li><li>Trim the fat. Break down your wants and needs.</li><li>Adjust according to your changing needs.</li><li>Build your cushion. Aim to save around three to six months' worth of living expenses.</li><li>Contribute to a retirement fund and try to get the maximum your employer is matching.</li></ul>

Saving Enough of It 

Building wealth is a hot topic that sparks heated debate, promotes quirky "get rich quick" schemes, and drives people to pursue transactions they might otherwise never consider. "Three Simple Steps to Building Wealth" may seem like a misleading title, but it isn't. While these steps are simple to understand, they're not easy to follow.

To accumulate wealth...

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