From Yahoo Finance: 2025-05-23 14:01:00

Retirement planning myths debunked: Wealth building isn’t just for the rich or high earners. CFP Michael Rodriguez says anyone can build wealth with a plan, consistency, and time. Start by tracking income and expenses, then use a 50/30/20 budgeting method to allocate income toward needs, wants, and savings. Paying down debt, especially high-interest balances, can help grow wealth faster. Long-term investments, even small ones, can build wealth over time. Consider tax-advantaged accounts and low-cost index funds for broad market exposure. Research investment advisors before trusting them with your money.



Read more at Yahoo Finance: 3 Vital Steps To Build Wealth No Matter Your Salary