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Introduction

You can create personal wealth and meet your goals. By choosing to budget, save and invest, you can pay off debt, send your child to college, buy a comfortable home, start a business, save for retirement and put money away for a rainy day.

Some people consider themselves wealthy because they live in a very expensive house and travel around the world. Others believe they are wealthy simply because they’re able to pay their bills on time. What we will talk about here is financial wealth and what it means to you.

Building wealth requires having the right information, planning and making good choices. This guide provides basic information and a systematic approach to building wealth. It is based on time-honored principles you have probably heard many times before. By using this guide, you will learn how to:

  • Set financial goals
  • Create a budget
  • Save
  • Plan your investments
  • Build credit
  • Control debt
  • Protect your wealth with basic insurance

Wealth is…

To start, take a moment to think about your definition of wealth.

Some people might define wealth as:

  • Being able to put their kids through college
  • Having enough money to buy a house
  • Anthony
  • Bess
  • David
  • Gabby
  • Sonya
  • Vince

To Anthony, wealth is:

  1. Owning his own home
  2. Retiring comfortably
  3. Helping his kids pay for college



To Anthony, wealth is:

What is your definition of wealth?

Using Anthony’s definition as an example, complete your own online or download a PDF.

example web pdf


To Bess, wealth is:

  1. Not depending on her kids for money
  2. Staying in her home
  3. Being able to buy her grandkids nice gifts for their birthdays and Christmas



To Bess, wealth is:

What is your definition of wealth?

Using Bess’s definition as an example, complete your own online or download a PDF.

example web pdf


To David, wealth is:

  1. Owning a successful business
  2. No stress or drama over bills and expenses
  3. A comfortable retirement for his wife and himself
  4. Helping their kids with their college expenses



To David, wealth is:

What is your definition of wealth?

Using David’s definition as an example, complete your own online or download a PDF.

example web pdf


Although she hasn’t made much effort to save and invest for her future, Gabby has very high expectations about her own personal wealth. To her, wealth is:

  1. Having the latest fashions in clothing and accessories
  2. Being able to rent an apartment in an upscale neighborhood
  3. Driving a luxury car



Although she hasn’t made much effort to save and invest for her future, Gabby has very high expectations about her own personal wealth. To her, wealth is:

What is your definition of wealth?

Using Gabby’s definition as an example, complete your own online or download a PDF.

example web pdf


To Sonya, wealth is:

  1. Paying her bills on time
  2. Saving every month
  3. Maintaining good credit
  4. Meeting the daily needs of her son



To Sonya, wealth is:

What is your definition of wealth?

Using Sonya’s definition as an example, complete your own online or download a PDF.

example web pdf


Having very high aspirations, Vince’s initial idea of wealth is:

  1. Owning a big house, fast car and nice things
  2. Being rich enough that he never has to have supplemental income to his writing work



Having very high aspirations, Vince’s initial idea of wealth is:

What is your definition of wealth?

Using Vince’s definition as an example, complete your own online or download a PDF.

example web pdf


Complete your own online


You have defined wealth.
How do you acquire it?