7. Build wealth and give.

You can take advantage of the tax-sheltered retirement accounts like 401(k)s and IRAs.

• If you qualify for a Roth IRA, use it. The Roth IRA will come back to you tax-free when you're older.
• If you contribute to a 401(k) account, at least 5 percent will be matched from your e...

Open:

• a 401(K) account
• a regular investment account.

Next:

• If your employer offers a 401(k) match, invest to take full advantage of it. Contribute enough to get 100 percent of the match.
• Pay off debts. This give you a significant instant return.

• The long-term approach to wealth building: If you’re younger and your income limits allow, open up a Roth IRA. Invest in mutual funds and ETFs while making sure you have enough cash in your emergency fund.
• For a faster approach more aggressive measures are necessary, li...