10 Steps to Start Building Wealth for Beginners
This is the simple PDF version of our Start Here article. If you haven’t read that yet, you need to. Here are the 10 steps that I talk about in the article:
FOUNDATION:
1. Understand your current financial situation (income, expenses, net worth)
2. Create a basic budget
3. Employer Match (Invest the max amount)
STABILITY & SECURITY:
4. Build a small starter emergency fund (usually $500–$1,000)
5. Aggressively pay off high-interest debt (Snowball or Avalanche)
6. Build a full emergency fund (3-6 months of expenses in high-yield savings account)
GROWTH & ACCELERATION:
7. Start saving/investing consistently (ROTH & HSA)
8. Max-Out Retirement Accounts
9. Aggressive Wealth Building
10. Pay Off Low-Interest Debt
You’ll get a lot more detail and insights into these 10 steps to building wealth. This document will be a quick resource guide. Keep a copy on your phone, laptop or tablet to look at and memorize the 10 step process to building wealth and ultimately your financial independence.
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