So-called experts sharing their secrets on financial success are a dime a dozen these days.
However, hard work and careful planning remain critical to obtaining a successful financial future. (U.S. News & World Report)
But don’t feel like you have to attend any pricey seminars or know magic formulas to build wealth. The trick to growing your net worth is often about sticking to regimented and smart spending, investing and saving decisions. “The slow way is usually how it goes,” says Dennis Nolte, certified financial planner and vice president at Seacoast Investment Services in Winter Park, Florida. “Everybody wants to get rich quick, but for most of us, it’s a marathon.”
Building wealth is all about saving your money, investing your money and staying invested, says Michelle Begina, senior partner and managing director at Snowden Lane Partners. “Slow and steady wins the race.”
Want to get rich? Here’s how to do it the right way.
Begina likes to reference “The Millionaire Next Door,” the classic book by Thomas J. Stanley and William Danko, about the invisible rich who invest, save and spend wisely.