Wealth-Building Strategies: Investing in Stocks
If building wealth is high on your list of priorities this year, and you’ve managed to bring your debt to manageable levels and already have an emergency fund, then you are in a prime position to concentrate your efforts on investing to build wealth.
Take the case of best friends Amira and Chauntae, both 32-year-old professionals who, last year brought down their credit card debt to manageable levels after finally becoming serious about pursuing their long-term financial goals. Last year they began educating themselves financially. Amira, a marketing executive who had to curb her insatiable appetite for online shopping and expensive dining, began to hone in on building a nest egg for her retirement. But she worried that whatever…