10 steps to build wealth at any age

Kreg Bale
Kreg Bale February 4, 2020
Updated 2020/02/04 at 3:53 PM
How To Build Wealth

Living a wealthy life is more than just having a massive net worth. There are so many rich people today but very few know how to build wealth. Being rich doesn’t guarantee happiness as there have been different research proving that. A person needs to be wealthy financially and personally to achieve that.

Building wealth starts with having the right mindset and also planning towards it. You do not have to wait till you are earning six figures before you start securing your future. As a person whose aim is to be wealthy, you need to know that your income needs to be higher than your expenses. If you are living beyond your means and have no savings, it will be very impossible for you to achieve true wealth. This post is going to talk discuss 10 steps to build wealth.

How To Build Wealth

 Steps on how to Build Wealth

Hard Work

What is worth doing is worth doing well. Whatever job you have now, give it your best even if you might not like it. Approach your daily work as if you own the company. Great opportunities are hard to find so my advice now is that you work hard at whatever you are doing. You will get noticed and that might open bigger doors for you.

This is one thing every wealthy person can tell you. They had to work hard for what they have. It didn’t just fall on their laps.


To acquire true wealth, you need to be driven by a goal that is deeper than the glamorous things that money brings. Your motivator should not be shallow things like fancy clothes, jewelry and other trappings of wealth. To succeed you should be driven to want a transformation that will make you overcome all obstacles of financial freedom. You should want to grow your wealth in other to rise above mediocrity. It does not matter whether you are in your 20s or 40s, you need to be driven by something greater than you. We all need to find our source of motivation. As a person, you need to live and grow to your full potential.


One thing about how to build wealth is that you also need to invest in your life. What is your brand? Those things that you know have every power of turning your life around. It could be your education or business.  You can get another degree, go for your masters or whatever you think can make you get closer to your dreams.  It does not have to come with financial benefit immediately but as time goes on, you will give yourself an edge amidst competitors.

Attending programs to build your skills wherever you are lacking. Whatever you do, make sure you dress the part. Invest in how you look but do not over-spend.

Income & Expenses

Make certain you live below your means. Whatever you do, do not spend above your income. When you overspend and purchase things you do not need, you are setting yourself up for failure. Be patient and take it step by step. Know the difference between your needs and wants.


Whatever it is you do daily will determine whether or not you will be successful. Make sure you cultivate wealth-building habits and be consistent in it. Remove the spirit of procrastination and delay in your life. Why postpone what can be done today? Overcome every hurdle or temptation that might arise.

Save and Save Much More

Do not squander your income. Always make sure you save a substantial part of your earnings. There are so many people who have not developed the habit of saving for the future. Make sacrifices so that you can get a step closer to building your wealth and planning towards your future. When you do this, you can invest your wealth and then make more money. One of the best ways to start building wealth is to be an investor.


You need to go into entrepreneurship in other to start your journey of how to build wealth. Being a business owner is one step towards making serious money. Although the job you are doing now might give you some restrictions but you need to find a way around it.

When you have your own business, there will definitely be an increase in your income. You can make research to discover other ventures you can make money from. You might also try things that might fail but that should never stop you from moving.


Assign every amount you want to spend every month to a purpose. Don’t just spend carelessly. Take a pen and paper and make a budget for everything you need like clothing, feeding, bills and so on. Prepare a budget monthly and make sure you do not spend more than that.

Whatever you do, make sure you do not touch your savings unless it is in a dire emergency. Having a budget will ensure you have enough money for saving.


In all that you do, make sure you always consider your public image. Do not harm, cheat or insult people in pursuit of wealth. Doing all those is not how to build wealth and in the long run, you will realize it isn’t worth it.

The one thing to put at the back of your mind is, if you do not want others to find out, then you should not be doing it. No amount of wealth can give you a peaceful mind and also a clear conscience. Let people be able to vouch for you even in your absence.


Before you embark on anything in life, you need to be courageous. This is one important step on how to build wealth. Humans tend to be cautious and this causes us from achieving great things. You cannot accumulate wealth when you keep following the crowd. Do what others have not done so that you can achieve what no one has. Try something new so that you can explore great things.

How To Build Wealth

Benefits of Building Wealth

There should be no doubt that financial freedom is good and there are certain things you will benefit from when you are wealthy.

  1. When you constantly worry about money, you get distracted.
  2. Wealth opens doors to great opportunities and possibilities. Your choices in life will not be limited.
  3. There would be no worrying about insufficient income.
  4. You will be able to make a great impact in this world and leave a lasting legacy.
  5. When you are wealthy, you will be able to put your needs first before anything else.


If you want to successfully know how to build wealth, follow all the steps I wrote above. You should not aspire to just be rich, make sure you build a fulfilling life while at it.

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