Sometimes with the hectic pace of life, it can seem like we are on a thread mill running faster and faster, trying to keep up. The idea of building wealth may seem elusive and very distant.
But a path can be followed to build wealth and secure your financial future. It is not always quick, but taking small but consistent steps down this path will lead to a more secure financial future.
Here are the ten steps on the path:
1 — Track Income and Expenses
If you are in the financial wilderness, unclear about what is going in and out of your bank account, if your money runs out before the end of the month, and you are constantly living in your overdraft at the bank, then this is where you need to start.
If looking at your spending scares you, you are worried about what you might uncover, or deep down, you are in denial about your spending, then taking this step is important.
For some, with the cost of living crisis and inflation, it is easy to put your head in the sand and behave like the proverbial ostrich, but understanding where you are is an essential first step.
