Kiplinger

Small Financial Changes to Help Build Your Wealth Faster

Developing and practicing good financial habits early in life, such as investing in a 401(k) or prioritizing your financial goals, will lead to building your wealth more efficiently and a large nest egg later in life. Strong and consistent financial planning is key in solidifying your wealth down the line.

Focused financial planning prepares you for life events you can't necessarily foresee. Preparation requires investing in the future; however, over 75% of American workers still live paycheck to paycheck, and many are saddled with unmanageable debts, creating a financial house of cards.

To build your wealth in the most efficient way possible, here are a few things to consider.

Pay Off Debts Now, Thank Yourself Later

Debt has

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger12 min read
The Best Travel Rewards Credit Cards
Whether you travel often or just take the occasional vacation, a travel rewards credit card can be an excellent companion. With every purchase, you can use a good travel card to collect points or miles that are redeemable for flights, hotels or other
Kiplinger5 min read
4 Steps for Managing Income Withdrawals in Retirement
If you’re like most Americans nearing retirement, you’re worried about whether you have enough savings. In fact, only 22% of those approaching retirement believe they’ve saved enough to retire comfortably. At a time when the stock market is down, inf
Kiplinger2 min read
Stock Market Today: Dow Officially Enters a Bear Market After Monday's Slide
Selling in the stock market picked right back up Monday, and despite a brief mid-morning push into positive territory, the major indexes still ended lower.  "Despite a quiet global economic data front, this weekend and Monday morning have been anythi

Related Books & Audiobooks