Welcome to the Building Wealth online guide. This Dallas Fed financial education resource provides basic guidance to individuals and families who wish to develop a plan for building personal wealth. Get started with the Introduction.
Learn the language: To create personal wealth, you must understand the language. The first lesson is to understand the meaning of assets, liabilities and net worth.
Budget to save: In this section, we will demonstrate how you can budget in order to save.'
Save and invest: You have budgeted and identified an amount to save monthly.
Build credit and control debt: If credit is not used wisely, debt can easily get out of hand and may result in late payments. The most important part of your credit history is your track record of paying your bills on time.
Protect your wealth: After working hard to create personal wealth, you need to protect it.
