Building wealth begins with having a solid financial plan. For beginners, this means gaining a clear picture of income, expenses, debts, and savings. Financial planning is not just about making more money; it’s about managing what you have in a way that secures your future. By developing good habits early, you create a foundation for long-term stability and growth. One of the most important principles is intentionality. Instead of allowing money to slip away without purpose, beginners should assign every dollar a role. Whether it goes toward living costs, debt repayment, or investments, clear direction ensures that your financial journey is guided by strategy rather than impulse. Setting Clear Financial Goals Every wealth-building journey starts with defining goals. These should be specific, measurable, and realistic. For instance, instead of simply saying, “I want to save money,” you might set a target such as, “I will save $5,000 for an emergency fund within 18 months.” Clear goa...
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