Definition
The process of growing your assets and net worth over time through saving, investing, and making smart financial decisions.
What to consider
- Focus on long-term strategies like consistent saving and smart investing.
- Diversify your assets to protect and grow your wealth.
- Review your financial plan regularly to track progress.
Real world scenarios
- By consistently saving, investing wisely, and avoiding excessive debt, Kevin focused on wealth building to secure a prosperous financial future.
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